Thursday 29 July 2010
Hosted business solutions provider First Hosted is offering its customers the first cloud computing mobile ERP suite for Apple’s iPhone and iPod touch. NetSuite for iPhone delivers on-the-go access to NetSuite’s integrated business management suite, including real-time Dashboards which can be set up to present key operational data for Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce.
Thousands of companies use NetSuite to manage their mainstream business processes, leveraging its Software as a Service (SaaS) design to access invoicing, customer records, inventory, and financial reporting from any Internet-enabled computer. Now, for the first time, iPhone and iPod touch users can access NetSuite functionality using a rich interface designed to run natively on iPhone and iPod touch, adding to the anytime, anywhere features already offered by NetSuite’s cloud computing platform. Additionally, if a company has implemented custom fields, custom records, role-based security or custom dashboard elements in their NetSuite account, they will all be seamlessly reflected in the NetSuite app.
Any NetSuite user on the go can appreciate real-time access to their NetSuite calendar and task lists, including the ability to accept or decline events and mark tasks complete. Sales representatives can benefit from access to leads and opportunities, the ability to view customers and contacts, and to review credit status, quotes and orders. Field service users can inquire about customer history, browse associated cases, and see all issues filed by a customer. Executives can browse financial trends, watch dashboards in real-time, and drill into Key Performance Indicators (KPIs), as well as generate report snapshots and Scorecards.
“This is a great release by NetSuite,” said Andrew Peddie, Managing Director of First Hosted. “Access is very fast overall and trend graphs are much faster than through a browser. From a CEO view, users can see KPIs and access top 10 information quickly―by sales, customers, sales reps, and so on. Like in a browser, the application lets users find a customer quickly through searching. The iPhone application adds tremendous value to the NetSuite experience.”
Mobile business functionality enabled by NetSuite includes:
• NetSuite Dashboards including KPIs, report snapshots, trend graphs, scorecards, reminders, and recent records. The dashboards are interactive, allowing users to drill down and explore trends with the touch of a finger.
• NetSuite Calendar with support for accepting or declining events and marking tasks complete.
• Lead, Prospect & Customer records tailored to mobile sales, field service and executive leadership, including access to associated contacts, marketing campaigns, opportunities, quotes, orders, purchase history, financial history, cases, and issues.
• Productivity tools that leverage native capabilities of the device, such as click-to-call from any NetSuite record containing a phone number, click-to-email from any NetSuite record containing an e-mail address, and click-to-map (via Google Maps) from any NetSuite record containing a physical address.
Cloud Computing, Software as a Service (SaaS), On Demand, Hosted and Web-based are all terms used to describe NetSuite, a suite of business management applications delivered via the Internet. Sometimes referred to as ‘SAP for the rest of us’, it is an affordable Oracle-based business system delivered via the Web for small and mid-sized companies. NetSuite provides full-featured financials, CRM, inventory and e-commerce software—all in a single system. The suite also provides real-time visibility across an entire business operation, real-time dashboards for all key employees, and anywhere, anytime access to the information a company needs. Its on-demand infrastructure dramatically lowers maintenance and license fees.
For more information, visit http://www.firsthosted.co.uk
About First Hosted
First Hosted Ltd is an experienced team of business consultants that includes a Chartered Accountant, European Lawyer, Technology MBA and Chartered Engineer. The company offers operational and software systems advice, consultancy, implementation, training and support, along with hosted VoIP and e-signature solutions. As a long established Certified NetSuite Solution provider, First Hosted helps organisations to improve performance and growth in a way not possible with conventional techniques.
Ends
Issued by:
Grant Bostock
MJO PR for First Hosted
(t) +44 (0)845 883 3435
(e) grant@mjopr.com
First Hosted sales enquiries:
Andrew Peddie
(t) +44 (0)845 680 6995
(e) andrew.peddie@firsthosted.co.uk
NetSuite
NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced that NetSuite CEO Zach Nelson will present at several upcoming investor conferences as follows:
– Pacific Crest Technology Leadership Forum
When: Monday, August 10, 2009 at 11:00 a.m. MDT
Where: Vail, CO
– Oppenheimer’s Communications, Technology & Internet Conference
When: Tuesday, August 11, 2009 at 3:10 p.m. EDT
Where: Boston, MA
– Canaccord Adams Global Growth Conference
When: Wednesday, August 12, 2009 at 11:00 a.m. EDT
Where: Boston, MA
Mr. Nelson will discuss recent advances in NetSuite’s innovative software suite as well as the cost-savings and benefits that cloud computing can deliver to businesses. NetSuite allows companies to manage their key business operations — including Customer Relationship Management (CRM), Enterprise Resource Planning (ERP) and accounting, and Ecommerce — in a single hosted system.
Live webcasts and replays of available presentations can be accessed on the investor relations portion of the company’s website at www.netsuite.com/investors.
For more information about NetSuite Inc., please visit www.netsuite.com.
NetSuite and Fujitsu
NetSuite Inc. , a leading vendor of cloud computing business software suites, today announced that it has partnered with Fujitsu Limited (TSE: 6702) and Fujitsu Business Systems Ltd. (www.fjb.fujitsu.com) to distribute, resell, and support NetSuite in Japan, enabling Japanese companies to run the core aspects of their businesses in the cloud. NetSuite Release J is Japan’s first and only fully-localized, Software as a Service (SaaS) business management suite available to Japanese businesses to date.
Partnering with NetSuite gives Fujitsu an immediate presence in the rapidly expanding cloud computing industry as well as a formidable cloud-based Enterprise Resource Planning (ERP) offering for small to mid-sized enterprises. Fujitsu’s internal experts will specialize in promoting NetSuite to mid-market manufacturing companies, while Fujitsu Business Systems Ltd. (FJB) and its external partners focus on targeting SMEs in the industry-specific verticals such as services, wholesale and distribution.
NetSuite, Fujitsu and FJB have designed an aggressive and comprehensive strategy to expand the reach of NetSuite Release J. The plan calls for 500 new customers within three years. Customers and interested parties can learn more about the partnership, and the joint plans to make NetSuite Release J Japan’s leading ERP solution, at an upcoming executive round table for marketing and development. Details of the event will be made available soon.
NetSuite Release J is the first and only cloud computing ERP suite and provides full support for Japanese accounting requirements, including Tegata (promissory note) payments, J-GAAP compliant financial statements, and full Consumption Tax configuration capabilities. When used as a part of NetSuite OneWorld, NetSuite Release J is the first Japanese product to offer cloud-based multinational, multi-company consolidation. Since its launch in December 2008, NetSuite Release J has gained market traction in Japan. The partnership with Fujitsu and FJB makes NetSuite the top SaaS ERP suite choice in the Japanese market.
“We are pleased and honored that Fujitsu Limited and Fujitsu Business Systems have elected to offer NetSuite,” said Zach Nelson, CEO of NetSuite. “Fujitsu and FJB’s extensive experience and strong reputation will be instrumental in expanding the growth of SaaS in Japan, and NetSuite’s stable and extensible enterprise platform will enable FJB’s expert integrators and developers to create new, innovative solutions for their customers.”
“Fujitsu is confident that the alliance between NetSuite and Fujitsu Group creates a new leader in the Japanese SaaS ERP market, powered by NetSuite Release J,” said Taro Mizuno, President of Manufacturing and Distribution Solution Unit at Fujitsu Limited. “Together, we can deliver valuable and effective cloud computing software solutions to small and mid-sized enterprises, enabling them to realize cost-savings, productivity gains and speed-to-implementation benefits.”
“FJB is convinced that NetSuite Release J has tremendous potential in the small and mid-sized enterprise market, and we look forward to being an active and aggressive partner,” said Shoji Tamura, Vice President of Fujitsu Business Systems Ltd. “Our years of knowledge and experience, combined with NetSuite’s established global success, will broaden the reach of cloud-based services and create a leader in the Japanese SaaS revolution.”
NetSuite K.K. opened in 2006 to solidify the company’s support for the growing number of NetSuite customers in Japan and provide infrastructure for further growth. As the only provider of a SaaS-based, fully integrated ERP and Customer Relationship Management (CRM) business suite with support for Japanese regulatory, accounting, and taxation requirements, NetSuite K.K. has built a notable following in one of the world’s largest economies. Japanese customers include Six Apart, Columbia Music Entertainment, and Sinsouki. For information about NetSuite K.K., please visit www.netsuite.co.jp.
NetSuite’s Japan office is located at:
Akasaka 1-chome Mori Building 6F
1-11-28 Akasaka
Minato-ku, Tokyo 107-0052
Telephone: +81-3-5545-7621
Facsimile: +81-3-5545-7622
Web: www.netsuite.co.jp
About NetSuite
NetSuite Inc. (NYSE: N) is a leading vendor of cloud computing business software suites. NetSuite enables mid-market companies to manage core business operations in a single system, which includes Accounting / Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce. NetSuite’s patent-pending “real-time dashboard” technology provides an easy-to-use view into up-to-date, role-specific business information. For more information about NetSuite please visit www.netsuite.com.
About Fujitsu
Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 175,000 employees supporting customers in 70 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.6 trillion yen (US$47 billion) for the fiscal year ended March 31, 2009. For more information, please see: www.fujitsu.com.
About FJB
Fujitsu Business Systems (FJB) develops optimal solutions from the clients’ perspective to carry their business strategies to a successful conclusion. Our solutions are created through a process of assessing the current status of a corporation’s operations, examining the management issues it faces and designing a combination of optimal products and software services, supported by appropriate consulting, to resolve the issues.
With 3,300 specialists and 105 nationwide locations, FJB provides total solutions covering the full range from consulting to system architecture, operations support, maintenance, construction and education.
NetSuite Inc., a leading vendor of cloud computing business software suites, today announced that it has won a contract to supply its NetSuite OneWorld the Filipino company that operates one of the world’s largest fast-food chains. A cloud computing solution that allows multinational and multi-subsidiary companies to manage their global operations in real-time, NetSuite OneWorld gives Jollibee a fast and cost-effective way to automate reporting, perform real-time analytics, conduct audit trail analysis, operate an international supply chain, consolidate international f]inancials, and enforce corporate governance standards in its subsidiaries and divisions in the U.S. and in emerging markets such as Vietnam and China.
Jollibee’s five subsidiaries in Vietnam are able to manage day-to-day business operations with a single, consolidated view. This initial implementation went live within two months. Going forward, because of the flexibility and speed to implementation features, NetSuite OneWorld enables Jollibee to take a multi-tiered approach in China as the company currently plans to deploy NetSuite OneWorld in 30 subsidiaries at the provincial level giving its Chinese division a consolidated view of business operations across 190 stores. This roll-out, now underway, is on schedule to be completed in August 2009. Jollibee’s U.S. subsidiary is currently using NetSuite for real-time financial reporting and plans to deploy more functionality of NetSuite OneWorld in the near future.
With over 1,800 restaurants worldwide and nearly 200 new stores opening each year, Jollibee has enjoyed dramatic growth since its humble beginnings as two ice cream parlors back in 1975. In addition to its leading market share in the Philippines, the company operates 300 international outlets across Asia and the United States. Geographic expansion, as well as the acquisition of high-profile brands such as Greenwich Pizza and ChowKing, has given rise to siloed processes and data, fueling the need for a truly international business operating platform.
“NetSuite OneWorld gives us a way to deliver a standard platform across the organization in a timeframe and at a cost that supports our continued growth and development,” said Jollibee CFO Ysmael Baysa.
NetSuite OneWorld Rolls Up to Oracle Financials
Jollibee’s corporate headquarters uses Oracle for financial management and reporting, but the company decided that expanding Oracle to Jollibee’s international operations would be too costly and resource-intensive. As a result, the company’s broader business interests relied on a patchwork of legacy systems with no real integration. Reporting and consolidation were managed over e-mail, making timely and informed decisions difficult. Processes were opaque, restricting Jollibee from acting as a truly coordinated international entity.
Seeking a solution with world-class capabilities, rapid deployment, and reliable, proven integration processes, Jollibee turned to NetSuite. The company quickly deployed NetSuite OneWorld first in Vietnam, where its flexibility and ease of implementation were solid proof that NetSuite could accommodate Jollibee’s rapid international expansion.
With current expansion plans calling for a new store location opening every two days on average, Jollibee needs solutions which provide robust infrastructure on a tight schedule. NetSuite OneWorld’s built-in support for multiple currencies, multiple regions, subsidiary relationships and rapid deployment make it an ideal choice for a global, fast-growing business.
NetSuite OneWorld
Because NetSuite OneWorld has the ability to integrate with Oracle, Jollibee’s Manila headquarters can enjoy real-time visibility into the core aspects of its Vietnamese operation, including granular performance analysis, online supply ordering, consolidated reporting and a complete audit trail. NetSuite delivered these benefits significantly faster and at a much lower cost than if Jollibee had rolled out the Oracle platform in Vietnam.
Strengthened by the success of the Vietnamese pilot program, Jollibee currently plans to roll out NetSuite OneWorld across its Chinese operation before the end of the year, followed by Taiwan, the United States and other Asian markets.
About NetSuite
NetSuite Inc. (NYSE: N) is a leading vendor of cloud computing business management software suites. NetSuite enables mid-market companies to manage core business operations in a single system, which includes accounting / Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce. NetSuite’s patent-pending “real-time dashboard” technology provides an easy-to-use view into up-to-date, role-specific business information. For more information about NetSuite please visit www.netsuite.com
About Jollibee
Jollibee is a phenomenal success story, having grown from two ice cream parlours in 1975 to over 1,800 restaurants worldwide today, including the strategic acquisitions of high profile brands like Greenwich Pizza, DeliFrance, Red Ribbon and ChowKing. The company now operates 300 international outlets in markets in the United States, across Asia and throughout the Middle East.
Netsuite
NetSuite Inc. a leading vendor of cloud computing business management software suites, today announced operating results for its second quarter ended June 30, 2009.
Total revenue for the second quarter of 2009 was $40.3 million, a 10% increase over the second quarter of 2008. Revenue from the Americas for the second quarter of 2009 was $32.5 million, while revenue from international regions was $7.8 million.
On a GAAP basis, net loss for the second quarter of 2009 was $5.0 million, or $(0.08) per share, as compared to $3.1 million, or $(0.05) per share, in the second quarter of 2008.
Non-GAAP net income for the second quarter of 2009 was $687,000, or $0.01 per share, as compared to a non-GAAP net loss of $900,000, or $(0.01) per share, for the second quarter of 2008.
Items presented on a non-GAAP basis exclude expenses related to stock-based compensation, the amortization of intangible assets, and transaction costs for business combinations. A reconciliation of GAAP net income/(loss) to non-GAAP net income/(loss) is provided below in a table immediately following the Condensed Consolidated Statements of Operations, along with an explanation of why these non-GAAP financial measures are useful to investors and how they are used by management.
“We were very pleased with our financial performance and strategic execution during the quarter. Once again, we delivered top-line and bottom-line results that exceeded expectations. We also generated operating cash in the quarter, well ahead of our plan. We remain on target to achieve our objective of posting break-even operating cash flow for 2009,” commented Zach Nelson, CEO of NetSuite. “We’re particularly pleased that we not only acquired more new customers during the quarter, but we did so at a higher average sales price. A recent industry report indicates that NetSuite was rated as the fastest growing vendor in the top ten vendors of financial managements systems in North America. As customers accelerate their movement to cloud computing we believe NetSuite will continue to take share from our competitors.”
NetSuite’s Second Quarter 2009 Highlights Include:
* Appointed Edward Zander, former Motorola CEO and Sun Microsystems President, to its Board of Directors.
* Announced that NetSuite and NetSuite OneWorld have become the first generally available Software as a Service (SaaS) business management suites to be certified in Germany.
* Announced that NetSuite OneWorld was accredited by the Institute of Chartered Accountants in England & Wales.
* Added Google Checkout functionality to its platform providing instant payment options for buyers in 140 countries.
* Announced a new Financial Planning module to enable business performance management for strategy, planning and execution.
* Received several awards including: a Top 15 CRM Small and Medium Business Software Award for 2009 by strategic advisory service ISM Inc.; a 2009 CRM Excellence Award from Customer Interaction Solutions magazine for NetSuite CRM; winner of Best of SaaS Showplace Award for OpenAir by THINKstrategies, Inc.; and Network World, a prestigious IT publication, listed NetSuite as one of the top 10 cloud computing companies to watch alongside technology leaders Amazon and Google.
* Unveiled a new Financial Edition to help companies speed deployment of business processes to the cloud.
* Announced the availability of OpenAir Mobile for Apple’s iPhone.
Conference Call
In conjunction with this announcement, NetSuite will host a conference call at 2:00 p.m. PDT (5:00 p.m. EDT) today to discuss the company’s second quarter financial results and outlook for the third quarter. A live audio webcast and replay of the call, together with detailed financial information, will be available in the Investor Relations section of NetSuite’s Web site at http://www.netsuite.com/investors. The live call can be accessed by dialing 877-548-7907 (U.S.) or 719-325-4905 (outside the U.S.) and referencing passcode: 354-9759. A replay of the call can also be accessed by dialing 888-203-1112 (U.S.) or 719-457-0820 (outside the U.S.), and referencing passcode: 354-9759.
About NetSuite
NetSuite Inc. is a leading vendor of cloud computing business management software suites for mid-sized businesses and divisions of large companies. NetSuite enables mid-market companies to manage core business operations in a single system, which includes accounting/ERP, customer relationship management (CRM), and Ecommerce. NetSuite’s patent-pending “real-time dashboard” technology provides an easy-to-use view into up-to-date, role-specific business information. For more information about NetSuite, please visit www.netsuite.com.
