Oracle NetSuite Corporate Communications
Rising Demand for #1 Cloud ERP Fuels Expansion
Announcing New Office, New Product, New Partnership and New Customers
LONDON—13 April 2016—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced the expansion of its business operations into The Netherlands, Belgium and Luxembourg (Benelux). This accelerated expansion includes the opening of NetSuite’s Benelux headquarters in Amsterdam; a strategic alliance with Deloitte in Belgium; and new customers such as Transavia, ESOMAR and Qardio in Holland and Zembro in Belgium. In conjunction, NetSuite unveiled NetSuite OneWorld for Benelux-headquartered companies. This move is in response to the growing opportunity for cloud ERP and rising demand for NetSuite in the Benelux region, particularly from innovative, fast growing and international businesses.
“Our new Benelux operations are the latest steps in NetSuite’s European expansion and our commitment to providing businesses in the region with software and services that meet both their regional and global needs,” said NetSuite CEO Zach Nelson.
Since its inception in the UK in 2002, NetSuite has established a strong footprint in Europe and has taken the lead as the #1 cloud ERP software vendor in the region. Due to NetSuite’s powerful OneWorld product, NetSuite has a large number of global enterprise customers operating subsidiaries in Europe and in the Benelux region. In the Benelux region alone, NetSuite has more than 850 subsidiaries and legal entities of companies like Misys, American Express Global Business Travel, Commvault, and Meltwater running their mission critical business processes on NetSuite OneWorld. The NetSuite OneWorld solution provides companies with multi-subsidiary management and global financial capabilities to run business operations in the region in a two tier model, implementing NetSuite at the subsidiary level while maintaining their legacy, on-premise systems at headquarters.
Offering a friendly business environment and home to fast-growth companies in technology, media, banking and other industries that have embraced cloud computing, Benelux represents the latest step in NetSuite’s commitment to Europe. Gartner estimates the ERP applications market for Netherlands and Belgium to be $724.1 million in 2015, growing to $849.8 million in 2018 (Source: Gartner, “Enterprise Software Forecast, 2015 Q4,” December 2015).
“Businesses in the region are already seeing the advantages that a flexible, scalable system with rich international capabilities like NetSuite can provide,” said Mark Woodhams, SVP & Managing Director of NetSuite EMEA. “We’re excited to help more businesses in the Benelux countries transform their operations with the #1 cloud ERP.”
NetSuite opened two major European datacenters late last year, one in Amsterdam, Netherlands and the other in Dublin, Ireland. The two datacenters support NetSuite's growth in Europe and meet the needs of the increasing number of European companies that are adopting NetSuite's cloud to more efficiently manage and transform their businesses. Both datacenters are fully operational with live customers. NetSuite has started provisioning new EU customers in the EU, and plans to move existing EU customers to the datacenters in the coming weeks.
NetSuite and Deloitte partnered to extend the strategic alliance to Belgium. Deloitte Consulting in Belgium provides implementation, finance transformation, change management and a full breadth of consulting services to businesses in the Belgian market seeking to gain business efficiency, grow revenues and expand globally with NetSuite cloud ERP.
In addition, NetSuite also has a vibrant partner ecosystem in the region. Solution providers such as E-Litt and ERP FastForward have helped NetSuite establish a strong footprint in the Benelux region.
New customers announced today include Transavia, ESOMAR, Qardio, and Zembro.
New Product: NetSuite OneWorld for Benelux-Headquartered Companies
NetSuite OneWorld gives today’s businesses the ability to expand and transform their organizations and reinvent their business models to meet the ever-changing demands of their markets and the expectations of their customers. NetSuite OneWorld supports tax compliance in more than 100 countries, 20 languages and 190 currencies, along with the capabilities for global businesses to transact in more than 200 countries and dependent territories around the world. It allows multinational corporations in the region to more efficiently manage their subsidiaries without the high upfront costs and deployment hassles of on-premise software.
NetSuite OneWorld for Benelux-headquartered companies is localized and designed to meet the business needs, regulatory and tax compliance of regional businesses, and brings them an agile and flexible cloud software application to run their mission-critical business processes with unmatched global financial capabilities in the industry. This comprehensive set of capabilities include: global currency and accounting, comprehensive tax compliance, country-specific tax support, country-specific reporting, local bank and payment support, local language support and robust development platform that allows businesses in the region to customize the software to their specific needs and integrate with other third-party applications. For more information about NetSuite OneWorld for Benelux-headquartered companies please see the separate release issued today.
“The Benelux countries are home to many vibrant, innovative and fast-growing businesses – whether they be local disruptors or regional HQs of global organizations - exactly the sort of organizations that have created efficiencies, grown and transformed their operations with NetSuite,” said Craig Sullivan, Senior VP of Enterprise and International Products for NetSuite. “We see the region as the natural place to expand and hope to become NetSuite’s next European success story.”
Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials, enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.
NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.