Senior VP, Corporate Communications
NetLedger Launches NetLedger
Web-based Package Creates New Category of Integrated
Small Business Management
San Mateo, CA. - April 20, 2001 - NetLedger, Inc.,
the leader in Web-based solutions that streamline small
businesses and help them succeed, today announced the
unveiling of NetLedger 1 System. Building on its dominance
in online accounting, NetLedger is the first and only
company in its category to deliver one complete, integrated
small business system. Using NetLedger 1 System, small
businesses can save time and money; access up-to-the-minute
information to make better business decisions; and strengthen
and extend business relationships using the Internet.
NetLedger 1 System gives small businesses the ability
to manage all aspects of their company including accounting,
payroll, bill pay, Web site & Web store, customer &
supplier relationships, order processing, inventory,
time & billing, expense reporting, and more. Built from
the ground up as one integrated application, NetLedger
1 System allows information to flow instantly and automatically
between all areas of the product.
- When an employee enters an expense report, it automatically
flows to his or her supervisor for approval, and to
accounting for processing. The process completely
eliminates paper work and duplicate data entry.
- Products and services that a user sets up in accounting
can be published to the user's Web site or Web store
with a click of the mouse.
- If a customer registers for information on a NetLedger
user's Web site, he or she automatically becomes a
prospect in CRM for fast follow-up by the user's sales
- When a visitor places an order in a NetLedger user's
Web store, it instantly creates a sales order and
a packing slip so that it can be quickly shipped,
and it also creates a customer record in CRM so that
the user's sales and service teams have a complete
transaction history for the customer.
The challenges of running a business are the same
whether one runs a big business or a small business.
In both cases, multiple, incompatible applications can
waste valuable time and money. Now NetLedger 1 System
solves those problems for small businesses and gives
them the tools to do what they enjoy doing - building
a great business. For millions of small businesses NetLedger
1 System levels the playing field with big businesses
like never before.
"The idea of one application to run your entire business
is not new," said Evan Goldberg, president and CEO of
NetLedger, Inc. "But what is revolutionary is this power
is now within reach of any small and mid-sized company
with NetLedger 1 System. A smart business today understands
that using many different applications that don't work
well together only results in more headaches. NetLedger
1 System is the first and the only product specifically
designed to solve this problem."
"NetLedger 1 System will help small businesses better
manage their internal operations, as well as more effectively
market and sell their products and services," said Amy
Levy, Industry Analyst at Summit Strategies, Inc., a
Boston-based analyst firm. "By providing customers with
a fully integrated application, NetLedger has proven
that it both understands the needs of small businesses
and that it can deliver highly relevant solutions to
address those needs."
NetLedger 1 System includes all of the following services
for $99 per month. That is 76% off the price of the
services purchased separately.
- NetLedger Accounting/5 users
- NetLedger Payroll/per company
- NetLedger Online Bill Pay/20 checks per month
- NetLedger Web store/Web site/per company
- NetLedger CRM/5 users
- NetLedger Employee Center/up to 25 employees
- Customer Support/Premium Support
"I have been waiting for a system like NetLedger for
a long time," said Arun Deva, president of CPAMoneyWatch.com,
LLC, an Internet-based business service provider based
in Bethesda, MD. "I have tremendous confidence in NetLedger
1 System and I believe that it is going to win a huge
customer base. We have bought 10 packages of NetLedger
Users can run NetLedger 1 System on all major browsers
and operating systems, with anytime, anywhere access.
For more information about NetSuite please visit our
Web site at www.netsuite.com.
Oracle is a registered trademark of Oracle Corporation
and/or its affiliates.