Press Releases


Contact:

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

NETSUITE UNVEILS NEW NETSUITE SERVICES COMPANY EDITION VERSION 2007.0

New Project Management Functionality Delivers Better Controls and Improved Efficiencies Throughout Project Management Lifecycle

SAN MATEO, Calif., September 13, 2007—NetSuite Inc., a leading vendor of on-demand, integrated business management application suites that provide ERP (Enterprise Resource Planning), CRM (Customer Relationship Management) and Ecommerce functionality for small and medium-sized businesses and divisions of large companies, today announced NetSuite Services Company Edition Version 2007.0. The new version is the 12th generation of the NetSuite application suite and adds new project management functionality, a key requirement for the professional services industry. The new capabilities make it possible for consulting and professional services companies to manage the entire project lifecycle — their clients, projects, billing and entire business operations — without investment in multiple systems and complex, costly integrations. For more information about NetSuite Services Company Edition visit www.netsuite.com/services_edition

Designed for project-based consulting and professional services companies, NetSuite Services Company Edition allows for management of the core business functions including:

  • project tracking and time budgeted and spent on project tasks
  • backlog tracking and reporting
  • analysing and optimising employees' workloads, efficiency and availability
  • complex billing, invoicing
  • estimating job profitability by comparing projected loaded labor cost against expected billings to automatically alerting project overruns, schedule delays, and variance in expected resources per project.

Through role-based dashboards, consultants, managers, and clients themselves can actively track the status of projects and the tasks and activities, supporting on-time, on-budget project success.

The new features of NetSuite Services Company Edition bring new capabilities to consulting and professional services firms to manage projects with better control and more efficiency including:

  • Project Revenue Forecasting
  • Cost Allocation to Projects
  • Contractor Self-Service Portal for Time Entry
  • Improved Project Management and Flexible Project Profitability Reporting
  • Time & Expense Custom Workflows and Routing
  • Streamlined Time & Expense Entry

Services firms now have tools that help create visibility across the organisation, drive efficiencies with a single business management system, and increase customer satisfaction while promoting loyalty for increased growth and sustainable profits.

"We're excited that with NetSuite Services Edition 2007, we now have the ability to enter in time and have invoices bill against employee billable rates," said Jude Abraham, CFO of Pepperweed Consulting (www.pepperweed.com), based in Indianapolis. "Also, NetSuite's project tracking, the ability to monitor time budgeted and time spent on project tasks, is excellent. We can now better analyse and optimise our employees' workloads, thereby increasing their efficiency."

Pricing and Availability:
Available now, NetSuite Services Company Edition Version 2007.0 is priced at $1499 per month for the base suite and $99 per user per month.

For more information about NetSuite, please visit the NetSuite website.

 

NOTE: NetSuite and the NetSuite logo are registered service-marks of NetSuite, Inc.