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NetSuite industry innovations help European businesses accelerate growth

New Industry-Specific Cloud Solutions and Financial Management Capabilities Help European Business Increase Business Efficiency and Achieve Faster Time to Value

SuiteConnect London—October 18, 2018—Oracle NetSuite today announced a series of new innovations to help organizations in Europe drive growth, reduce costs and quickly and easily achieve the benefits of cloud computing. The latest innovations within the NetSuite platform include new SuiteSuccess vertical industry cloud solutions and financial management capabilities that are designed to help organizations in Europe increase business efficiency, adapt to change and achieve faster time to value. More than 3,500 EMEA-headquartered organizations and subsidiaries from 19,000+ global customers already use NetSuite.

Growing a business in today’s environment is more challenging than ever. There are just so many changes emerging on so many levels—new technologies, disruptive business models, unforeseen competition, rapidly shifting consumer and customer behaviors, as well as new rules and regulations governing data privacy and digital business. The latest innovations from NetSuite help business leaders in Europe navigate these changes by delivering industry leading practices that are based on thousands of successful ERP implementations and a deep understanding of businesses across all sectors and the many financial management challenges they face.

“We are committed to helping our customers across the world grow, scale and adapt to change,” said Jim McGeever, EVP, Oracle NetSuite. “With the introduction of new industry-specific cloud solutions and financial management capabilities for countries across Europe, we are able to help our customers break down the barriers to growth in their individual countries and focus on moving their businesses forward.”

A unified and pre-configured industry cloud solution, SuiteSuccess is built on industry leading practices, which combine deep domain knowledge with pre-built KPIs and dashboards. The latest international editions include:

• Manufacturing: For customers in the UK and Ireland, SuiteSuccess for Manufacturing gives manufacturers a structured, agile path to the cloud enabling them to quickly and easily add features and modules as their business grows. This will enable UK and Ireland manufacturers to create a single, real-time view of customers, orders, items, and inventory to identify and tackle inefficiencies in supply chains.
• Financials First: For customers in Finland, France, Germany, Netherlands and Sweden, Financials First automates financial processes, speeds month-end close, improves reporting and provides real-time visibility into the true financial status of the organization. Financial First includes pre-defined roles, KPIs, dashboards and workflows for finance departments.
• Starter: For customers in Denmark and Norway, SuiteSuccess Starter helps small and rapidly growing companies manage all aspects of their business in a single system. SuiteSuccess Starter helps customers get up and running quickly with pre-configured KPIs, workflows, reminders, reports and value-driven dashboards for daily and strategic needs for all key roles within a business from day one.

SuiteSuccess delivers a path to the cloud in as little as 45 days and is built on four key pillars—build, engage, consume and optimize. SuiteSuccess customers across all markets also have immediate access to NetSuite OneWorld global capabilities to process multi-currency transactions and to take advantage of international growth opportunities. To learn more about SuiteSuccess, please visit www.netsuite.com/suitesuccess.

About Oracle NetSuite
For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides a suite of cloud-based applications, which includes financials / Enterprise Resource Planning (ERP), HR, professional services automation and omnichannel commerce, used by more than 19,000 customers in 203 countries and dependent territories.

For more information, please visit http://www.netsuite.com.

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