NETSUITE GOES TO AUSTRALIA
First and Only Online CRM Software
with Order Management including Australian Tax Support
First Major Application Service Delivered from Australian
SAN MATEO, Calif. and SYDNEY,
October 21, 2003 – As part of its global
expansion, NetSuite, Inc.(formerly NetLedger), today
announced the availability of its award-winning business
application, NetSuite, for small and medium-sized enterprises
(SMEs) in Australia. NetSuite has been completely localized
for Australia, from language conversion, to complex
statutory requirements including industry specific tax
codes, online automatic generation of BAS and IAS statements
for direct submission to the ATO, and COA structures
that allow businesses to manage tax affairs catered
to their businesses and industry. NetSuite is the first
major application service to be hosted and delivered
locally in Australia. Net Return, based in Sydney, will
provide all sales, marketing and services of the NetSuite
Today, with more than 7,000 companies having subscribed
to NetSuite's on-demand applications, the company is
the world's leading provider of online business application
suites including NetSuite and Oracle Small Business
Suite. The Oracle Small Business Suite name is used
under license from Oracle Corporation (NASDAQ: ORCL).
For more information, please go to www.netreturn.com.au.
More than 90 percent of all companies in Australia
have fewer than 500 employees. Most of these companies
have been forced to buy separate, expensive software
packages to manage their business – one for financials,
one for order fulfillment, one for sales force automation,
one for customer support. Then they spend an even greater
amount of money on the hardware to run the software,
and on the resources to install, maintain, and integrate
the data from these incompatible systems.
NetSuite eliminates this cost and complexity, while
giving SMEs a system in many ways more powerful than
those used by most large enterprises. They enable companies
to manage all key business operations in a single application
that includes complete customer relationship management;
employee productivity; accounting; warehousing and product
assembly; Web store and Web presence; and time and billing.
In addition, NetSuite is delivered as an online service,
so there is no hardware to procure, no large up-front
licensing fee, and no software to maintain, update and
upgrade. And finally, the products' easy-to-use "dashboard"
user interface provides an intelligent, role-specific
portal view of the application.
"The old way of implementing business solutions
– buying applications from different vendors and
struggling to implement them – is dying,"
said Zach Nelson, CEO of NetSuite. "NetSuite gives
small and mid-sized businesses the benefits of an integrated,
streamlined business application."
Stuart McLean, managing director of Net Return, said
"Companies of all sizes need their business software
to deliver similar functions, but SMEs are in a vacuum
– they have outgrown their standalone, low-end
software but can't afford the expensive systems designed
for bigger businesses. So they ‘make do' with
a disparate mix of un-integrated applications and manual
processes making them uncompetitive, error-prone and
slow-moving. NetSuite fills the vacuum by delivering
a powerful, enterprise-class service for SMEs - the
effectiveness of big business but at a dramatically
NetSuite delivers many "first and only" capabilities
to Australia including:
- First and only application that completely integrates
front-office, back-office and e-commerce operations
in a single application database
- First and only SME solution with built-in, role-specific,
real-time "dashboard" user interface
- First and only CRM solution with order management
and integrated GST calculation
- First and only online business application with
Australia-specific tax codes, Business Activity Statement
generation and Financial Reporting compliance.
Australian versions of NetSuite and NetCRM are available
immediately. Pricing for NetCRM starts at $99/user/month.
For information about NetSuite, please go to www.netsuite.com.
About Net Return
Net Return pty ltd, is one of Australia's leading online
services companies and is the exclusive distributor
of the NetSuite and NetCRM online business application
for small to medium businesses in Australia and New
Zealand. Net Return also provides online services to
corporations and governments to develop integrated and
effective online solutions that deliver a measurable
return. Net Return's clients include: AGL, AMP, AusAID,
Australian National Training Authority, Commonwealth
Bank of Australia, and Air New Zealand. The company
produced and directed the official websites of the Sydney
2000 Olympic and Paralympic Games. For information about
NetSuite visit: www.netsuite.com.au;
for Net Return visit: www.netreturn.com.au.
For information about NetSuite, visit www.netsuite.com
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and/or its affiliates.