SAN MATEO, Calif., May 4, 2016 /PRNewswire/ -- NetSuite Inc.
(NYSE: N), the industry's leading provider of cloud-based
financials / ERP and omnichannel commerce software suites,
announced that SRS Acquiom, a provider of closing and post-closing
services for private-company mergers and acquisitions, deployed
NetSuite to fuel its business growth. SRS Acquiom uses NetSuite to
track mission-critical business processes including accounting,
financial reporting, marketing, customer relationship management
(CRM), sales pipelines, data storage, billing, and customer
service. Leveraging NetSuite's flexible SuiteCloud development
platform, SRS Acquiom can extend native NetSuite capabilities to
meet the company's unique business needs.
Founded in 2007, SRS Acquiom quickly understood that its initial
entry level on-premise accounting system and manual Excel-based
processes were not going to be able to support and scale with its
business. SRS Acquiom selected NetSuite for its ERP and CRM needs,
as well as for the flexibility of the NetSuite SuiteCloud
development platform, which can allow SRS Acquiom to build out
robust custom scripts, fields and workflows to ensure that all of
its services are delivered to meet the demanding service levels
required of M&A deal parties.
"The best thing about NetSuite is the integration of ERP and CRM
coupled with its SaaS-based business model and cloud-based
delivery," said Mark Vogel, co-CEO
of SRS Acquiom. "NetSuite's customization capabilities allowed it
to conform to our business processes while scaling with us as our
business grew."
With NetSuite as its system of record, SRS Acquiom has grown to
nine global offices, including seven U.S. cities, as well as
Israel and Canada, and has managed more than 1,100
M&A deals comprising $185 billion
in value while representing over 100,000 shareholders, including
such firms as Accel Partners, Greylock Partners and Kleiner Perkins Caulfield & Byers. Acquiom
Clearinghouse, its comprehensive M&A payments platform has now
processed over $24 billion to nearly
25,000 payees. SRS Acquiom also designs and distributes enhanced
M&A escrow investment solutions in partnership with some of the
world's largest financial services companies.
NetSuite can provide SRS Acquiom with the following business
benefits:
Robust financial management. SRS Acquiom can have
real-time visibility and management control over its accounting,
A/R and A/P processes. NetSuite's reporting infrastructure
provides the company with financial reporting tailored to its GAAP,
tax and regulatory compliance needs.
Real-time role-based access. NetSuite can provide
tailored input screens and dashboards that can be customized based
on user roles. This allows the accountants to have views focused on
the ERP capabilities of the systems while the sales teams leverage
the CRM aspects of the service.
Anytime, anywhere access to critical business data.
NetSuite can enable SRS Acquiom users to access their business
process tracking systems and data no matter where they are, in the
office, on the road, even on a plane.
Significant savings in IT-related costs. NetSuite's
cloud-based architecture can spare SRS Acquiom from managing
servers and the hassles associated with on-premise upgrades, while
easily connecting its offices spread across the globe via anywhere,
anytime access.
Platform flexibility. Leveraging the SuiteCloud
development platform, SRS Acquiom has customized NetSuite to meet
the specific needs of its business. Integration with Netsuite
partner software providers further enhanced the offering with two
factor authorization for security, check writing and ACH processing
by Piracle, bulk account reconciliation with BlackLine, and
more.
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
@NetSuite Twitter handle for real-time updates.
For more information about NetSuite, please visit
www.netsuite.com.
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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SOURCE NetSuite Inc.