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Contact:

Mei Li
Senior VP
Corporate Communications
NetSuite Inc.
Phone: 650.627.1063
E-mail: meili@netsuite.com

NETLEDGER AND ONECORE.COM PARTNER TO PROVIDE SMALL BUSINESSES WITH BROADER WEB-BASED FINANCIAL AND ACCOUNTING CAPABILITIES

 

San Mateo, Calif—March 15, 2000— NetLedger, Inc., the world’s first provider of a Web-based accounting solution for small businesses, announced today it has entered into a strategic partnership with Massachusetts-based OneCore.com, a leading innovator of online financial services custom built for small businesses and entrepreneurs. As a result of the agreement, customers of NetLedger and OneCore.com have easy, seamless access to a comprehensive array of Web-based accounting and financial solutions jointly offered by the two companies.

The partnership marks a major step toward complete integration of NetLedger’s full-featured, multi-user accounting solution with OneCore.com’s financial service offerings. Full integration will simplify small-business customers’ bookkeeping by allowing them to enter data using one function and have it automatically reflected across all service offerings as appropriate.

Effective immediately, NetLedger’s customers will have access to OneCore.com’s powerful suite of fully integrated financial services — allowing them to obtain, conduct and manage their finances from a single online account rather than juggling multiple relationships. Services include: cash management, bill payment, payroll, credit, merchant services and more. Conversely, OneCore.com’s customers can sign up for NetLedger’s full-featured, multi-user accounting solution, NetLedger™. It is built on the robust, reliable and secure Oracle 8i database, bringing Fortune 500 power and functionality to small businesses.

Additionally, NetLedger and OneCore.com will co-market and promote their offerings to existing and potential customers, extending their reach further into the estimated 21 million small businesses in the United States.

“NetLedger and OneCore.com have linked via the Internet. Our partnership brings powerful, scaleable, feature-rich services to small businesses, giving them the effectiveness of big businesses at even lower costs.” said Bill Mirbach, president and CEO of NetLedger. “Through this partnership, customers will have easy access to all of the applications they need to manage their finances and grow a successful business.”

“OneCore.com teams up with partners who can bring its customers high-performance, reliable business services that are easy-to-use, convenient and save time while allowing them to remain focused on their core competency,” added Jack Littman-Quinn, President and CEO of OneCore.com. “We believe NetLedger meets that criteria on all counts.”

Jodi Maxson, vice president of business development for NetLedger, Inc. said the two companies are a perfect match. “Our next step is full integration of NetLedger’s accounting solution with OneCore.com’s broad financial offerings, bringing to small businesses the best and most complementary online financial and accounting management tools available. Simplicity, efficiency and ease of use will continue to be key, and the elimination of double-data entry functions will be a critical timesaver.”

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