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Contact:

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

NETLEDGER PARTNERS WITH CYBERBILLS TO OFFER POWERFUL ONE-STOP ONLINE ACCOUNTING AND BILL MANAGEMENT SOLUTIONS

 

San Mateo, CA—April 18, 2000—NetLedger, Inc., the gateway to e-commerce and world's first provider of a Web-based accounting solution for small businesses, today announced it has entered into a strategic relationship with CyberBills, the pioneer in total bill management and the creator of StatusFactory.com, the company's own consumer portal through which services are accessed. As a result of today's announcement, customers of NetLedger will receive the benefits of a complete suite of Web-based accounting and bill payment solutions.

"Combining NetLedger's accounting solution with CyberBills' bill management solution, we're able to offer small businesses the best of online services to help manage their finances," said Bill Mirbach, president and CEO of NetLedger, Inc.

Effective immediately, NetLedger's customers will have access to StatusFactory.com allowing them to have convenient, one-stop access to the billing, payment service as well as status update. Similarly, StatusFactory.com users can sign up for NetLedger's full-featured, multi-user accounting solution, NetLedger™ Plus. This solution is built on the robust, reliable and secure Oracle 8i database, and brings Fortune 500 power and functionality to small businesses. It is accessible at www.netledger.com.

"Together with NetLedger, we bring customers high-performance, reliable business services that are easy-to-use, convenient and save time," said Murali Chirala, president and co-founder of CyberBills.

About CyberBills. CyberBills, based in Santa Clara, Calif., is the first company to offer Total Bill ManagementT service over the Internet. CyberBills provides consumers and small businesses with a compelling and convenient way to view, pay, manage and automate all of their bills online, whether paper or electronic. Total Bill Management is available through CyberBills' channel partners as a private-label service and is also offered directly to consumers at StatusFactory.com, a lifestyle portal. Backed by the "StatusFactory Guarantees," StatusFactory.com's service offers a comprehensive set of consumer guarantees including time-savings, security, accuracy, excellent customer service, and cost-savings, among others. CyberBills remains a pioneer in consumer and small business Internet services by continually expanding its vision of consolidating customers' daily tasks online. For more information about CyberBills, visit www.cyberbills.com or www.statusfactory.com.

For more information about NetSuite please visit our Web site at www.netsuite.com.

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