Oracle NetSuite Corporate Communications
Leading Provider of Linux-Based Enterprise Computing Solutions Gains Real-Time Visibility and Control While Improving IT Efficiency
SAN MATEO, Calif.—July 24, 2014—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce suites, today announced that Penguin Computing, one of the largest private suppliers of Linux-based enterprise and high performance computing solutions in North America with more than 18,000 systems installed and over 2,500 customers in 40 countries, has replaced an outdated and problematic SAP R/3 4.6D ERP system with NetSuite's industry-leading cloud business management suite. The company, founded in 1998, has dramatically improved its efficiency and visibility since going live on NetSuite in January 2014 after a rapid three-month implementation. Penguin Computing is now taking advantage of a broad range of NetSuite capabilities, including revenue recognition, work orders and assemblies, advanced inventory, demand planning and the powerful SuiteCloud Development Platform to streamline financial and operational processes in the cloud. As a result, Penguin Computing has gained real-time visibility into its key business performance across mission-critical business functions for better business decision-making. NetSuite gives Penguin Computing the speed, flexibility, agility and scalability that it needs for continued growth. With NetSuite, Penguin Computing no longer needs to deal with the integration hassles, high maintenance fees and version lock issues inherent in SAP R/3.
"We're already more efficient on NetSuite than we were on SAP and we have real-time visibility into all aspects of the business," said Garth Thompson, Penguin Computing VP of IT and Services. "Our users have access to more information and finance loves it—they have confidence in their numbers, they trust the system and can see what they're doing. It's mind-blowing how easy it is to find and access information in NetSuite compared to where we were before."
The SAP R/3 system previously in place was cumbersome and difficult to use, presenting Penguin Computing with challenges on both business and IT fronts:
Penguin Computing began exploring its options when SAP announced it was ending support for R/3 4.6D.
After a comprehensive evaluation process, Penguin Computing selected NetSuite, which met its criteria of simplicity with rich functional scope, ease of use and a robust API for customization and integration with other software packages. The company also wanted a SaaS solution with the flexibility to adapt to rapid changes in its business model.
"We have a rapidly changing business—that's one way we maintain a competitive advantage," Thompson said. "We needed a SaaS ERP system that's agile enough to match what we're doing and easy enough for my team to change systems and processes in days or weeks, a task that was impossible with SAP, which would require months and months of planning and consulting. NetSuite was the only vendor that provided the full list of everything we needed in a cloud ERP system."
The greater agility Penguin Computing is realizing with NetSuite is a "huge win" that enables it to better serve customers in academia, government, life sciences, manufacturing, financial services, web hosting, and oil and gas. With its IT team handling roughly 70 percent of the implementation work, supported by NetSuite Professional Services, Penguin Computing is realizing significant improvements in a number of areas:
Today, more than 20,000 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 enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
About Penguin Computing
Penguin Computing is one of the largest private suppliers of enterprise and high performance computing solutions in North America and has built and operates the leading specialized public HPC cloud service, Penguin Computing on Demand (POD). Penguin Computing pioneers the design, engineering, integration and delivering of solutions that are based on open architectures and comprise non-proprietary components from a variety of vendors. Penguin Computing is also one of only five authorized Open Compute (OCP) solution providers leveraging a Facebook-led initiative to bring the most efficient open data center solutions to a broader market, and has announced the Tundra product line, which applies the benefits of OCP to high performance computing. Penguin Computing has more than 18,000 systems installed with over 2,500 customers in 40 countries across eight major vertical markets.
For more information about NetSuite, please visit www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.