| NetSuite, Inc. (N)
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NetSuite Inc. (NetSuite) is a provider of cloud-based financials/ Enterprise Resource Planning (ERP) software suites.
In addition to financials/ERP software suites, the Company offers a range of applications, including accounting, Customer Relationship Management (CRM), Professional Services Automation (PSA) and E-commerce. It also offers customer support and professional services related to implementing and supporting its suite of applications. The Company delivers its suite over the Internet as a subscription service using the software-as-a-service (SaaS) model. In January 2013, the Company acquired Retail Anywhere. In May 2013, NetSuite Inc acquired OrderMotion Inc from CommercialWare Inc.
The Company’s business management application suite provides an integrated solution for running the core functions of a business. Businesses can deploy its solution as a business management suite, or deploy specific applications, such as financials/ERP, CRM, PSA or E-commerce that can be integrated with existing application investments. The Company’s offering is delivered as a cloud-based solution via the Internet and it is available wherever a user has Internet access, whether on a personal computer or a mobile device. Its customers can use its application suite to manage business processes, including financials/ERP (finance, accounting, inventory and payroll), CRM (sales, order management, marketing and customer support), PSA (projects, resources, time, expense and billing) and E-commerce (hosting, online stores and Website analytics) functions.
Users access the Company’s suite through a role-based user interface, or dashboard, which delivers specific application functionality and information appropriate for each user’s job responsibilities in a format familiar to them. The Company delivers its suite over the Internet as a subscription service via the cloud, eliminating the need for customers to buy and maintain on-premise hardware and software. The Company enables users to customize its application suite to the particular needs of their businesses. The Company’s offerings include NetSuite, NetSuite OneWorld, NetSuite CRM+, NetSuite OpenAir PSA, Add-On Modules, NetSuite Industry Editions and SuiteCloud Platform.
NetSuite focuses on medium-sized businesses and divisions of large companies and provides a platform for financials/ERP, CRM, PSA and E-commerce capabilities. NetSuite OneWorld focuses on worldwide businesses and divisions of large companies operating in multinational and multi-subsidiary environments. NetSuite CRM+ focuses on a range of companies, including companies larger than its medium-sized business customers. Medium-sized businesses may use NetSuite CRM+ as an entry point into the entire suite, while larger enterprises often implement it as an alternative to more limited CRM offerings. This application provides sales force automation, marketing automation, customer support and service management functionality.
OpenAir is a Professional Services Automation (PSA) solution that is used by professional services organizations. OpenAir provides online and mobile time and expense management. The Company’s NetSuite Industry Editions serve companies in the wholesale/distribution, manufacturing, services, E-commerce and software industries. SuiteCloud Platform allows partners to develop and distribute cloud-based products of their own, including industry-specific versions of its application suite. NetSuite provides partners building on SuiteCloud with a Website - SuiteApp.com - that enables them to market and distribute their solutions to NetSuite.
The Company has developed consulting and implementation services to assist its customers with integrating and importing data from other systems. Its technical support organization, with personnel in Canada and Asia, offers support 24 hours a day, seven days a week. The Company offers a variety of training services through its training resource, NetSuite University.
The Company competes with Epicor Software Corporation, Intuit Inc., Microsoft Corporation, SAP AG, The Sage Group plc and salesforce.com, inc.
More Information for NetSuite Inc. (N):
Company Website - http://www.netsuite.com
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