This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CallidusCloud Replaces 14 Separate Applications With Move To NetSuite OneWorld

SAN MATEO, Calif., Jan. 31, 2013 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced that CallidusCloud®, a leading provider of cloud-based sales performance management, training, hiring and marketing software solutions, has transformed its global business and IT efficiency by implementing NetSuite OneWorld to replace an "IT nightmare" of 14 disparate business applications, including ERP and CRM. The large-scale implementation utilizes NetSuite OneWorld for real-time management and global financial consolidation across seven subsidiaries in Europe, Asia and Australia and to automate multi-currency transactions with customers in nearly 140 countries. NetSuite OneWorld also supports the company's merger and acquisition strategy by enabling rapid 30- to 45-day onboarding of new business entities, exceedingly faster than deploying on-premise ERP software. CallidusCloud takes advantage of NetSuite's sophisticated revenue recognition functionality tailored for software companies to more effectively recognize complex, deferred and multi-element sales and service revenue. The company also uses the NetSuite OpenAir professional services automation (PSA) solution to streamline project management, resource utilization and time and expense reporting across its services team of 100+ consultants and integrators. For more information on NetSuite OneWorld, please visit www.netsuite.com/oneworldpr.

NetSuite OneWorld has improved end-to-end cross-enterprise business visibility and performance for the fast-growing company. Spanning financials / ERP, CRM, service delivery and more in a single, integrated global solution, NetSuite has enabled CallidusCloud, based in Pleasanton, Calif., to realize a complete 360-degree view of its business, customers and partners, something that was impossible with its previous patchwork of ERP, CRM, marketing, and a myriad of additional tax and financial solutions along with other unintegrated, ad hoc applications. With NetSuite, executives and managers make better, data-driven decisions based on real-time business metrics and have the ability to drill-down into customer, financial and opportunity detail. Additionally, management gets enhanced reporting capabilities with anytime anywhere access to key measures and reports through personalized real-time dashboards, substantially reducing the need for  IT involvement.

On a global basis, NetSuite OneWorld, with support for 190 currencies, 19 languages and automated tax compliance in more than 40 countries, gives CallidusCloud new capabilities to manage its global subsidiaries, seamlessly conduct international business and rapidly incorporate distributed business entities into its corporate framework in the event of a merger or acquisition. CallidusCloud is on track to reduce its monthly global financial close times from seven days to five, while speeding its order-to-cash processes and generating a highly visible and trusted data set that is important for auditability and regulatory compliance. Across the business, CallidusCloud is replacing the long delays of its previous application patchwork with on-demand visibility into real-time data, while reducing infrastructure costs through elimination of on-premise servers and back-up systems.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,919.59 +80.85 0.48%
S&P 500 1,981.60 +9.86 0.50%
NASDAQ 4,527.5140 +19.2020 0.43%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs