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NetSuite Announces 2013 "HERO Award" Winners

Stocks in this article: N

SAN JOSE, Calif., May 16, 2013 /PRNewswire/ -- NETSUITE SUITEWORLD 2013 -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the winners of the annual HERO Awards, given to leaders at companies running NetSuite software that have lead initiatives at their organizations to achieve increased productivity, reduced costs and powered rapid growth with cloud computing. The awards were presented May 16 at SuiteWorld, NetSuite's annual user, partner and developer conference being held at the San Jose Convention Center.

The fourth year of NetSuite customer awards, the HERO Awards recognize professionals in varied business roles that have transformed operations at their organizations, achieving major cost savings and productivity gains after implementing NetSuite to replace costly and complex on-premise ERP systems and disparate standalone applications. NetSuite HEROs were evaluated across a wide range of criteria and the winners distinguished themselves for the concrete business gains they achieved in using NetSuite to help their company achieve its business vision.

The winners by category are as follows:

CFO HERO Cory Douglas, CFO, Medidata Solutions

Douglas and his team overhauled Medidata's contract entry process with the NetSuite workflow function. By the end of Q2, Medidata is expected to have transitioned the entire contract entry process into NetSuite, allowing the company to continue to scale while reducing time to close. Suiteflow, NetSuite's integrated workflow solution, has helped Douglas and team transition from manual and paper driven processes to automated and scalable processes, allowing them to manage key operational metrics.

Controller HERO Stephany Zamora, Controller, Hortonworks

Hortonworks continued to grow to meet the demand for big data processing on Apache Hadoop in the large enterprise market and required a scalable, real-time ERP solution. With Zamora driving the NetSuite implementation, Hortonworks was able to handle the mounting transaction volume and complexity. Yet, Zamora and Hortonworks continue to reduce the financial close time. Month end went from weeks to three days and year end was recently closed in seven days. The services team now generates timely, accurate billings to customers, accelerating cash flow. Meanwhile, Hortonworks continues to expand its NetSuite footprint to support subsidiaries in U.K., the Netherlands, Germany, France and India.

Operations HERO Vanita Wells, Vice President of Customer Operations, LYTRO

Wells used a combination of tools and processes to build LYTRO's supply chain into a world-class solution. LYTRO's NetSuite system is at the center of this complex model that interacts with partners in the LYTRO supply chain and includes Contract Manufacturers, Component Suppliers, Fulfillment Partners, Merchant Banks, and Value Added Resellers. This complex supply chain fulfills customer demand, handles returns, payments, refunds, and service, all with speed and efficiency that gives LYTRO a competitive advantage in its market segment.

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