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.