Oracle NetSuite Corporate Communications
Massive Global Business Expansion, SuitePeople, SuiteSuccess, Next-Ready ERP, OneWorld for Nordic Businesses and a Wide Array of Customers Headline Annual Conference
SUITEWORLD 2017, LAS VEGAS, Nev.—April 27, 2017—Oracle NetSuite Global Business Unit (GBU), the industry's leading provider of cloud financials / ERP, HR and omnichannel commerce software suites, has unveiled global expansion initiatives, SuitePeople, SuiteSuccess, Next-Ready ERP, and NetSuite OneWorld for Nordics-headquartered businesses. NetSuite also announced a wide array of innovative and fast growing businesses that have selected the NetSuite platform.
Massive Global Expansion Initiatives
NetSuite announced a massive expansion plan to accelerate its international growth. This expansion shows how NetSuite customers will benefit from Oracle’s vast global scale and resources. The expansion initiatives will enable NetSuite to launch more data centers, more field offices and more development centers globally, which will help to bring a leading cloud ERP suite to more organizations around the world.
Adding Oracle’s global resources to NetSuite’s existing global footprint provides rapid entry and expansion into new markets across three key areas:
Data Centers. Oracle NetSuite Global Business Unit plans to more than double its data center footprint from five data centers globally to 11. NetSuite currently operates three data centers in North America, one in Amsterdam, Netherlands and one in Dublin, Ireland. NetSuite expects to add a fourth North American data center in Chicago. As part of the global expansion plans, NetSuite will leverage existing Oracle data centers in Europe and Asia. In Europe, NetSuite is scheduled to open a data center in Frankfurt, Germany to remedy the lack of modern cloud computing offerings in the country. In Asia Pacific, NetSuite plans to initially launch facilities in Australia and Singapore, followed by Japan and China. The addition of Oracle data centers to NetSuite’s operations will provide even greater security, redundancy, performance and scalability for new and existing customers across the globe.
Field Offices. NetSuite expects to double its global presence, expanding from offices in 10 countries to 23 spread across the globe. The addition of Oracle’s field offices significantly increases NetSuite’s ability to meet the rising demand for cloud ERP around the world. NetSuite is establishing a new presence in Argentina, Brazil, Colombia, Chile, Mexico, France, Germany, Sweden, Dubai, China, India, Malaysia and New Zealand. In addition, NetSuite is expanding headcount in existing field offices by over 50 percent to provide better resources for customer demand.
Development Centers. Oracle NetSuite Global Business Unit is leveraging existing Oracle development centers across India, China and Japan. The development centers will be able to accelerate the development of international, regional and local features and functionality within NetSuite OneWorld.
SuitePeople, the Most Unified and Flexible Cloud Core HR Offering Ever
NetSuite announced SuitePeople, a new core human resources (HR) offering natively built on NetSuite’s unified cloud suite. NetSuite is the first and only cloud ERP suite to give businesses a single platform to manage mission critical business processes. Traditionally, businesses have had to manage core HR processes in separate modules, disparate systems, or worse, in spreadsheets. Growing businesses can’t afford the cost, time and risk associated with manual workarounds, complex integrations or siloed data. Unlike legacy HRIS solutions, SuitePeople helps make people information actionable throughout the organization from a single suite.
SuiteSuccess, The First Unified Industry Cloud Solution
NetSuite announced SuiteSuccess, the first unified industry cloud solution. NetSuite has delivered 12 SuiteSuccess editions for the following eight industries: advertising, media, publishing; financial technology; manufacturing; nonprofit; retail; service-based businesses; software/internet; wholesale distribution. SuiteSuccess is the culmination of a multi-year transformation effort to combine the NetSuite unified suite, 20 years of industry leading practices, a new customer engagement model, and business optimization methods into a unified, industry cloud solution. SuiteSuccess was engineered to solve unique industry challenges that historically have limited a company’s ability to grow, scale and adapt to change.
NetSuite’s Major Global ERP Enhancements
NetSuite announced the new release of major global ERP features. These new cloud ERP features are designed to ready businesses for what’s next, with a host of enhancements to its core ERP suite. The new functionality spans global financials, revenue recognition, billing, services resource planning (SRP), supply chain management (SCM), and Governance, Risk and Compliance (GRC). These enhancements give NetSuite customers the ability to continue to scale and innovate efficiently.
NetSuite OneWorld for Nordics-Headquartered Companies
NetSuite announced NetSuite OneWorld for Nordics-headquartered businesses. NetSuite OneWorld is now localized for Nordics-based businesses. With over 730 subsidiaries and legal entities of global companies already running businesses in Sweden, Norway, Denmark and Finland, the new localized OneWorld offering will bring more global cloud ERP capabilities for the region. Nordic companies will benefit from the combination of NetSuite’s increased product investment and Oracle’s localization capabilities.
Fast Growing, Innovative Customers Get ‘Next Ready’ with NetSuite
NetSuite announced that startups, fast growing businesses and leaders in their industry such as Ring, Blue Microphone, Smartsheet, Bankrate and Prophet, spanning manufacturing, logistics, software, publishing and consulting, have turned to NetSuite to ready their companies for what’s next.
Ring Dials NetSuite to Fuel Growth
Ring, a leader in outdoor home security, has implemented NetSuite to fuel its rapid growth, which took it from startup to 1,000 team members in less than three years. Ring is using NetSuite for financial management and reporting with plans to significantly extend the NetSuite platform to other areas of the business as it continues to extend its business model beyond doorbells, to services and subscriptions. With NetSuite, Ring has gained efficiencies and real-time visibility with a unified platform that is next ready. NetSuite enables Ring to grow, scale and adapt its business model as Ring’s business expands and evolves.
Read the full press release on Ring.
Blue Microphones Turns Up the Volume with NetSuite
Blue Microphones, a leading designer and producer of premium microphones and sound recording equipment for audio professionals, musicians and consumers, has gained vital business agility with NetSuite's unified cloud business management system. NetSuite allows Blue Microphones to focus on product innovation, scale into new markets, and challenge larger rivals in the competitive recording industry. To ensure agility for innovation and growth, the company replaced QuickBooks Enterprise with NetSuite to manage its end-to-end business operations including financials, fixed assets, demand planning, inventory management, bill of materials, work orders and assemblies, warehouse management, CRM, HR and multi-currency transactions in the Canadian dollar and Euro.
Read the full press release on Blue Microphones.
Smartsheet Realizes the Power of Unified Billing and Revenue Recognition with NetSuite
Smartsheet, a leading provider of SaaS-based solutions for managing and automating collaborative work, has implemented NetSuite OneWorld to manage rapid growth. Smartsheet is leveraging NetSuite OneWorld to manage mission critical business processes including financials, billing, revenue recognition, analytics and multi-currency transactions in the Euro, Yen, Pound and U.S., Australian and Canadian dollars. With NetSuite OneWorld, Smartsheet has a platform that is ready for next and provides the foundation to scale the business. As Smartsheet has evolved its business model, NetSuite’s SuiteBilling software is helping the company to manage recurring revenue processes from order to billing and revenue recognition with complete control and auditability for its software subscription business.
Read the full press release on Smartsheet.
Prophet Implements NetSuite OneWorld to Accelerate Global Growth
Prophet, a leading global consulting firm, has implemented NetSuite OneWorld for ERP and Professional Services Automation (PSA). Since going live on NetSuite OneWorld in October 2016, Prophet has gained a unified view of financial, resource management and project management processes that have streamlined operations across nine global offices operating in the U.S., U.K., Germany, Switzerland and Hong Kong, creating efficiencies across the entire organization.
Read the full press release on Prophet.
Bankrate Overhauls Multiple On-premise Systems with NetSuite OneWorld
Bankrate, Inc., a leading online publisher, aggregator and distributor of personal finance content, has replaced multiple on-premise financial systems including Sage ACCPAC, QuickBooks and numerous Excel spreadsheets with one single instance of NetSuite OneWorld in less than three months. Bankrate runs its mission-critical business processes on NetSuite OneWorld, including accounting, financials, fixed asset management, revenue recognition, multi-currency management and multi-subsidiary management for three subsidiaries—Bankrate.com, CreditCards.com and Caring.com. With NetSuite OneWorld, Bankrate now has a better understanding of its financial health and has been able to reduce monthly close times while accelerating growth without adding more headcount.
Read the full press release on Bankrate.
About Oracle NetSuite Global Business Unit
Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.
Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.
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