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NetSuite Announces New Customer Wins As Manufacturers Continue Strategic Shift To The Cloud

Stocks in this article: N

SAN MATEO, Calif., March 19, 2013 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced that four leading manufacturers have replaced their legacy, on-premise software with NetSuite to power their key manufacturing and business operations, demonstrating NetSuite's significant momentum in this important vertical. Anisa International, Flogistix, PrimaLoft® and Viridis Energy are gaining the efficiency, visibility and scalability needed for growth without the pain, inefficiency, and expense of on-premise, legacy tools. These companies join the ranks of manufacturers like GoPro, Jawbone, RedBuilt and Speck, who are running their business on one, integrated cloud-based suite. The continued growth of NetSuite's manufacturing customer base is further proof that manufacturers are migrating to the cloud. Customers are voting with their pocketbooks and are validating research by industry firms such as Gartner, who predict that by 2015 nearly half of manufacturers worldwide will be using or piloting Software as a Service (SaaS), up from just 2 percent in 2010.[1]

NetSuite's focus on building and refining manufacturing-specific functionality in the NetSuite Manufacturing Edition, a complete cloud solution for manufacturing resource planning, integrated inventory and dynamic replenishment, warehouse management, financial accounting and costing, customer and partner relationship management, and eCommerce has led to substantial growth in its manufacturing customer base. It includes functionality for routings, standard costing, demand planning and work-in-progress (WIP) accounting, providing core capabilities for production engineering, shop floor and project, multi-site and multi-division operations, lot and serial control, bill of materials and assembly builds, and more. The NetSuite OneWorld global business solution enables manufacturers to manage overseas factories, subsidiaries and contractors and transact business in multiple currencies and languages with local tax compliance automation. NetSuite SuiteCommerce gives manufacturers an eCommerce platform for B2B sales and customer self-service, as well as the ability to build out direct-to-consumer sales channels to expand revenue streams. The SuiteCloud development platform empowers manufacturers to customize the solution to their unique business needs, while SuiteAnalytics provides the power of built-in real-time dashboards, reporting and analysis to drive operational insights.

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