SAN JOSE, Calif., May 17, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD
-- NetSuite Inc. (NYSE: N), the industry's leading provider of
cloud-based financials / ERP and omnichannel commerce software
suites, today announced a number of product innovations designed to
enable companies to transform their business operations and to
thrive in the cloud economy. Today's announcements, spanning
mission critical business processes including billing, global
business operations and intelligent order management, give
customers the tools they need to adapt to the pace of modern
business and thrive.
The cloud economy is forcing businesses to rethink their models
as global competition accelerates. Businesses are increasingly
implementing new, "hybrid" business models. Product companies are
adding services and services companies are adding products.
Subscription and usage models are becoming the norm as every
business adds an "as a service" component. Start-ups and small
companies desire the scale and scope of their larger competitors.
Big companies want to achieve the agility of nimble start-ups.
NetSuite delivers transformative power to companies of all sizes
with any business model, giving them the agility and flexibility to
adapt to the rapidly changing world of modern business. NetSuite
provides the ability to expand and transform their organizations
and reinvent their business models to meet the ever-changing
demands of their markets and the expectations of their customers,
not just in their home countries but globally. Specifically,
today's announcements give businesses the power to transform how
they intelligently deliver orders, bill and recognize revenue, and
expand globally in the rapidly-evolving cloud economy.
SuiteBilling Delivers Industry's First and Only Cloud Unified
Order-to-Billing-to-Revenue Solution
SuiteBilling, a new
product release, is designed to enable businesses to adopt any
business model from product-based, to time and services-based, to
usage- and subscription-based, or any combination of these without
limit. SuiteBilling unifies both the billing and revenue
recognition processes regardless of business model with complete
controls and auditability, helping businesses comply and reduce
risks. Built natively into NetSuite's core ERP system, SuiteBilling
delivers the functionality and business value that are unmatched by
any other competing product. It is the industry's first and only
comprehensive cloud solution that synchronizes complex processes
from order to billing to revenue recognition all within one
system.
NetSuite OneWorld 16 Adds Enhancements for Global
Enterprises
NetSuite announced new enterprise-ready
capabilities that extend its leadership position as the #1 cloud
ERP provider, as it continues at an unstoppable speed to deliver
financial management capabilities for multi-national organizations
that are unmatched in the industry. Building on the momentum of
enhancements to NetSuite OneWorld announced in December 2015, this new release delivers deep
global financial capabilities, global control, governance, risk and
compliance (GRC) features and enhanced financial reporting. In
conjunction with all the global enterprise-ready capabilities
available in NetSuite OneWorld, this new release further helps
global companies increase operational efficiency, streamline
financial reporting, deepen local and global compliance, localize
business processes and deliver peace of mind for CFOs, controllers
and finance users.
NetSuite Optimizes Omnichannel Fulfillment with Intelligent
Order Management
NetSuite announced the release of NetSuite
Intelligent Order Management to help meet rising customer
expectations and streamline the constantly evolving complexities of
omnichannel order orchestration, giving merchants the intelligence
and automation needed to use inventory more efficiently, reduce
shipping costs and improve the customer experience. NetSuite adds
intelligent omnichannel order allocation to NetSuite's existing
Order Management solution. Merchants can now automate how to best
fulfill orders based on their inventory availability and the
configurable business rules they establish inside NetSuite. The
functionality helps turn omnichannel shoppers into brand advocates
with reduced stockouts, prompt delivery and a multitude of
fulfillment options from wherever a merchant holds inventory.
Merchants meet demand, increase inventory turns and preserve safety
stocks, while scaling their business but keeping labor costs
flat.
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.