Rising Demand for #1 Cloud ERP Fuels Expansion
Announcing New Office, New Product, New Partnership and New
Customers
LONDON, April 13, 2016 /PRNewswire/ -- NetSuite Inc.
(NYSE: N), the industry's leading provider of cloud-based
financials / ERP and omnichannel commerce software suites, today
announced the expansion of its business operations into
The Netherlands, Belgium and Luxembourg (Benelux). This accelerated
expansion includes the opening of NetSuite's Benelux headquarters
in Amsterdam; a strategic alliance
with Deloitte in Belgium; and new
customers such as Transavia, ESOMAR and Qardio in Holland and Zembro in Belgium. In conjunction, NetSuite unveiled
NetSuite OneWorld for Benelux-headquartered companies. This move is
in response to the growing opportunity for cloud ERP and rising
demand for NetSuite in the Benelux region, particularly from
innovative, fast growing and international businesses.
"Our new Benelux operations are the latest steps in NetSuite's
European expansion and our commitment to providing businesses in
the region with software and services that meet both their regional
and global needs," said NetSuite CEO Zach
Nelson.
Since its inception in the UK in 2002, NetSuite has established
a strong footprint in Europe and
has taken the lead as the #1 cloud ERP software vendor in the
region. Due to NetSuite's powerful OneWorld product, NetSuite has a
large number of global enterprise customers operating subsidiaries
in Europe and in the Benelux
region. In the Benelux region alone, NetSuite has more than 850
subsidiaries and legal entities of companies like Misys, American
Express Global Business Travel, Commvault, and Meltwater running
their mission critical business processes on NetSuite OneWorld. The
NetSuite OneWorld solution provides companies with multi-subsidiary
management and global financial capabilities to run business
operations in the region in a two tier model, implementing NetSuite
at the subsidiary level while maintaining their legacy, on-premise
systems at headquarters.
Market Opportunities
Offering a friendly business environment and home to fast-growth
companies in technology, media, banking and other industries that
have embraced cloud computing, Benelux represents the latest step
in NetSuite's commitment to Europe. Gartner estimates the ERP applications
market for Netherlands and
Belgium to be $724.1 million in 2015, growing to $849.8 million in 2018 (Source: Gartner,
"Enterprise Software Forecast, 2015 Q4," December 2015).
"Businesses in the region are already seeing the advantages that
a flexible, scalable system with rich international capabilities
like NetSuite can provide," said Mark
Woodhams, SVP & Managing Director of NetSuite EMEA.
"We're excited to help more businesses in the Benelux countries
transform their operations with the #1 cloud ERP."
European Datacentres
NetSuite opened two major European datacentres late last year,
one in Amsterdam, Netherlands and
the other in Dublin, Ireland. The
two datacentres support NetSuite's growth in Europe and meet the needs of the increasing
number of European companies that are adopting NetSuite's cloud to
more efficiently manage and transform their businesses. Both
datacentres are fully operational with live customers. NetSuite has
started provisioning new EU customers in the EU, and plans to move
existing EU customers to the datacentres in the coming weeks.
New Partnerships
NetSuite and Deloitte partnered to extend the strategic alliance
to Belgium. Deloitte Consulting in
Belgium provides implementation,
finance transformation, change management and a full breadth of
consulting services to businesses in the Belgian market seeking to
gain business efficiency, grow revenues and expand globally with
NetSuite cloud ERP.
In addition, NetSuite also has a vibrant partner ecosystem in
the region. Solution providers such as E-Litt and ERP FastForward
have helped NetSuite establish a strong footprint in the Benelux
region.
New Customers
New customers announced today include Transavia, ESOMAR, Qardio,
and Zembro.
- Transavia Airlines, a leading low-cost carrier
serving Europe, has selected
NetSuite OneWorld to help execute its ambitious plans for growth.
Transavia will replace a legacy AS 400-based system at its office
in the Netherlands and an Infor
system in France with NetSuite
OneWorld. Transavia plans to use NetSuite to run its
mission-critical business processes across Europe including financials, financial
consolidation, multi-subsidiary management, procure-to-pay,
reporting, and support for multi-language (English, Dutch and
French), multi-currency and multi-country tax compliance.
- ESOMAR, the global trade association for market,
social and opinion researchers founded in 1948, has implemented
NetSuite OneWorld to drive global business and membership growth.
ESOMAR is now relying on NetSuite OneWorld for enterprise resource
planning (ERP), customer relationship management (CRM) and website
content management after replacing Exact ERP, an on-premise CRM and
a content management system (CMS) that used to support its website.
NetSuite OneWorld can deliver ESOMAR key benefits including
increased efficiency and a real-time view of its business across
its 5,000 individual and 500 corporate members in more than 130
countries and business intelligence for management at its
headquarters in Amsterdam, as well
as 50 of its local representatives.
- Qardio, fast growing smart health solution
provider, has implemented NetSuite OneWorld to fuel its business
growth and expansion into new global markets. Qardio uses NetSuite
OneWorld to manage its mission-critical business processes
including accounting, financial consolidation, procure to pay,
order management, inventory management, customer relationship
management (CRM), multi-currency (US Dollars, British Pounds,
Euros), and multi-country tax compliance across its head office in
San Francisco, and subsidiaries in
the UK, the Netherlands and
Asia.
- Zembro, the Belgium-based creator of the first intelligent
armband specially designed for the elderly, has selected NetSuite
to meet its ERP and CRM needs. The company is now running its
mission-critical business processes including billing, inventory
management, customer relationship management (CRM) and
multi-currency management for Euros and British Pounds on
NetSuite.
New Product: NetSuite OneWorld for Benelux-Headquartered
Companies
NetSuite OneWorld gives today's businesses the ability to expand
and transform their organisations and reinvent their business
models to meet the ever-changing demands of their markets and the
expectations of their customers. NetSuite OneWorld supports tax
compliance in more than 100 countries, 20 languages and 190
currencies, along with the capabilities for global businesses to
transact in more than 200 countries and dependent territories
around the world. It allows multinational corporations in the
region to more efficiently manage their subsidiaries without the
high upfront costs and deployment hassles of on-premise
software.
NetSuite OneWorld for Benelux-headquartered companies is
localised and designed to meet the business needs, regulatory and
tax compliance of regional businesses, and brings them an agile and
flexible cloud software application to run their mission-critical
business processes with unmatched global financial capabilities in
the industry. This comprehensive set of capabilities include:
global currency and accounting, comprehensive tax compliance,
country-specific tax support, country-specific reporting, local
bank and payment support, local language support and robust
development platform that allows businesses in the region to
customise the software to their specific needs and integrate with
other third-party applications. For more information about NetSuite
OneWorld for Benelux-headquartered companies please see the
separate release issued today.
"The Benelux countries are home to many vibrant, innovative and
fast-growing businesses – whether they be local disruptors or
regional HQs of global organisations - exactly the sort of
organisations that have created efficiencies, grown and transformed
their operations with NetSuite," said Craig
Sullivan, Senior VP of Enterprise and International Products
for NetSuite. "We see the region as the natural place to expand and
hope to become NetSuite's next European success story."
Today, more than 30,000 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 cloud-based
financials, enterprise resource planning (ERP) and omnichannel
commerce software applications for businesses of all sizes. Many
FORTUNE 100 companies rely on NetSuite to accelerate innovation and
business transformation. NetSuite continues its success in
delivering the best cloud business management software to
businesses around the world, enabling them to lower IT costs
significantly while increasing productivity, as the global adoption
of the cloud accelerates.
Follow NetSuite's Cloud blog, NetSuite's Facebook page and
@NetSuiteEMEA Twitter handle for real-time updates.
For more information about NetSuite, please visit
www.netsuite.co.uk, www.netsuite.com/fr,
or www.netsuite.com/nl.
NOTE: NetSuite and the NetSuite logo are service marks of
NetSuite Inc. Third-party trademarks mentioned are the property of
their respective owners.
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