Industry analyst firm Constellation Research this week named Oracle NetSuite to its Q3 2018 Enterprise Cloud Finance Shortlist(opens in new tab).
NetSuite was one of seven vendors named to the list, which is compiled through conversations with early adopter clients, independent analysis, and briefings with vendors and partners.
R “Ray” Wang, founder and principal analyst at Constellation and author of the report, writes:
Enterprise cloud finance applications provide the backbone of accounting, finance, and treasury for organizations. These applications automate processes such as financial close cycles, regulatory requirements and cash management. The software supports the financial operations and delivers the core foundation for ERP and back‐office systems. The move to the Cloud enables financial apps to access unlimited compute power, improve integration across multiple data sources, and consume faster cycles of innovation and regulatory updates.
Criteria in the report include: fixed asset accounting; special purpose ledgers; profitability analysis; cost center accounting and more.
NetSuite has been in the cloud computing business for 20 years and is trusted by more than 40,000 organizations and subsidiaries in 199 countries and territories. We provide a full suite of applications for customers that span fast-growing start-ups to global enterprises. The Constellation Research report is further proof of NetSuite’s ability to serve large enterprises with complex financial requirements.
For more on analyst validation of NetSuite’s functionality and vision, learn why IDC named NetSuite a Leader in Point of Sale Software(opens in new tab), why Gartner named NetSuite a Leader in Core Financial Management Software for Midsize, Large and Global Enterprises(opens in new tab) and why Forrester Consulting says NetSuite Can Deliver ROI of 380 percent(opens in new tab).