SHORT HILLS, N.J., May 23, 2016 /PRNewswire/ -- NetSuite Inc.'s
(NYSE: N) customers will have the ability to directly access
commercial data and analytics from Dun & Bradstreet (NYSE: DNB)
from within NetSuite's industry leading cloud-based business
management suite to help better manage risks and improve
efficiencies across their entire operations. The combination of the
world's most deployed cloud Enterprise Resource Planning (ERP)
solution from NetSuite and the world's largest commercial database
from Dun & Bradstreet, provides NetSuite customers with a
single unified view of their customer, vendor and partner
relationships and automated credit management in a single system of
record.
"This is a big announcement for both Dun & Bradstreet and
NetSuite and the businesses who rely on our solutions," said
Michael Sabin, Dun &
Bradstreet's EVP & GM of Global Alliances & Partnerships.
"Through close collaboration we've integrated our industry leading
credit decisioning capabilities and core data management features
within NetSuite so customers have a seamless workflow experience.
Now, users will have one easy-to-use platform to access the tools
they need to quickly extract information and make informed
decisions that will have a direct impact on the bottom line."
NetSuite's platform helps companies manage core business
processes with a single, fully integrated system covering
ERP/financials, CRM, ecommerce, inventory, accounts receivable and
more. The two Dun & Bradstreet SuiteApp solutions now available
for NetSuite:
- D&B Data Management for NetSuite – Facilitates growth
through an effective data management as a service offering that
provides a trusted view of customers, prospects and vendors by
reducing duplicate, inconsistent, and fragmented records while
monitoring and enriching with additional elements - directly within
NetSuite workflows.
- DNBi Risk Management for NetSuite (US) – Facilitates quick
credit evaluation for decision making to help mitigate risks and
maximize revenue with real-time, best-in-class credit processes -
customizable and configurable - directly within NetSuite
workflows.
Guido Haarmans, NetSuite's Senior
Vice President Business Development for Technology partners said,
"Dun & Bradstreet is a logical addition to NetSuite's offering.
Our customers are busy professionals juggling many responsibilities
and a fully integrated solution that will help minimize data
quality issues and speed up their business processes provides great
value. Dun & Bradstreet for NetSuite provides the data,
analytics and process integration that can help businesses make
more informed decisions to reduce risks and drive growth."
Oldcastle, North America's
largest manufacturer of building products and materials, is a
NetSuite customer and beta tested the D&B Data Management
solution. "Oldcastle Precast, a division of Oldcastle, has had the
challenge of having a complete view of our customer base and
prospects. We needed a tool that could provide missing information
and additional insights into these companies – a data inspired
version of the truth – that is native to NetSuite, our new
management information system, and easy to use. The D&B Data
Management solution fulfills those requirements and we are looking
forward to using DNBi Risk Management," said Josh Nolan, Director of Credit for
Oldcastle.
NetSuite customers who subscribe to these Dun & Bradstreet
solutions will have hands-on access to real-time data to help
empower users in retail, manufacturing, distribution, technology,
energy, government and other industries with insights on a variety
of functions including:
- Account mastering and duplicate detection - Utilizing a
built-in batch match and cleanse capability, companies can quickly
identify and embed Dun & Bradstreet's D-U-N-S® Number as a
unique identifier on every account record and isolate or cleanse
all duplicate records.
- Real-time data quality and enrichment - Organizations
can update and maintain a single, master record that provides a
trusted view of an account. This reduces the risk of multiple,
inconsistent or contradictory records and is continuously monitored
for any changes.
- Insight into the legal corporate hierarchy of a company
- By embedding the Dun & Bradstreet D-U-N-S® Number on all
records customers can easily understand the relationships (Parent,
Headquarter, branches etc.) of related corporate family
members.
- On-going risk monitoring - Organizations can track and
manage a variety of risk dimensions on suppliers, manufacturers,
customers and more.
- Credit decisioning - NetSuite users can make informed
decisions on establishing credit lines and limits based on Dun
& Bradstreet's data.
- Collections - Credit managers can optimize credit
policies to minimize 'days sales outstanding' (DSO) and bad debt
without restricting revenue.
For the first time, NetSuite customers of all sizes can realize
the benefits of data driven insights and decision making that allow
organizations to better manage and grow stronger relationships,
reduce business risks and maximize profitability across all of
their corporate sourcing, planning and decision making
processes.
Dun & Bradstreet was a platinum sponsor of SuiteWorld 2016,
NetSuite's annual user conference for customers, partners, media
and industry thought leaders held last week at the San Jose Convention Center in San Jose, CA. Hundreds of attendees stopped by
Dun & Bradstreet's booth to experience a demo of the two
solutions easily accessible in NetSuite's platform.
For more information on Dun & Bradstreet solutions in
SuiteApp, visit www.dnb.com/NetSuite.
About NetSuite
NetSuite Inc. is the industry's leading
provider of cloud-based financials / Enterprise Resource Planning
(ERP) and omnichannel commerce software suites. In addition to
financials/ERP and omnichannel commerce software suites, NetSuite
offers a broad suite of applications, including financial
management, ecommerce and retail management, commerce marketing
automation and Professional Services Automation (PSA) that enable
companies to manage most of their core business operations in its
single integrated suite. NetSuite software allows businesses to
automate operations, streamline processes and access real-time
business information anytime, anywhere.
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. The use of the word partner does not imply
a partnership relationship between NetSuite and any other
company.
About Dun & Bradstreet
Dun & Bradstreet (NYSE: DNB) grows the most valuable
relationships in business. By uncovering truth and meaning from
data, we connect customers with the prospects, suppliers, clients
and partners that matter most, and have since 1841. Nearly ninety
percent of the Fortune 500, and companies of every size around the
world, rely on our data, insights and analytics. For more about Dun
& Bradstreet, visit DNB.com. Twitter: @DnBUS
MEDIA CONTACT:
Ellen
Yu, Dun & Bradstreet
(973) 921-5910
yue@dnb.com
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SOURCE Dun & Bradstreet