SAN JOSE, Calif., May 13, 2014 /PRNewswire/ -- NETSUITE SUITEWORLD 2014 -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel software suites, today announced its professional services automation (PSA) and services resource planning (SRP) solutions are in use at seven of the professional services organizations identified as "Best-of-the-Best" by Service Performance Insight (SPI Research), the leading research consultancy in the professional services industry. The findings are included in the SPI Research 2014 Professional Services Maturity Benchmark, an in-depth report based on a study of 238 professional services firms.
Of the 238 participating organizations, the "Best-of-the-Best" firms outperformed their peers and the benchmark average with significantly higher profit and per-project revenue, more satisfied clients and better service execution, SPI Research reported. The seven top performers running NetSuite are Agencyport Software, Campus Management, Charles River Development, EAC Product Development Solutions, Informatica, TopDown Consulting and TOP Step Consulting. These organizations - representing more than half of the "Best-of-the-Best" - use either the NetSuite OpenAir PSA solution or NetSuite SRP, which integrates OpenAir with NetSuite ERP for end-to-end cloud-based business management, covering project management, resource optimization, project accounting, time-and-expense management, and billing and revenue recognition.
"SPI Research believes all project-oriented businesses should consider making the move to an integrated application suite now so they will be able to capitalize on the market as the economy continues to improve," said Jeanne Urich, SPI Research Managing Director. "NetSuite is certainly an important element of the secret sauce brewed by more than half of the 'Best-of-the-Best' service organizations."
According to SPI's report, the "Best-of-the-Best" firms averaged net profit of 30.2 percent, compared to 9.8 percent among all others. "These extraordinary figures are a direct result of integrated business applications," Urich said. "Integrated business applications are a catalyst for improving maturity as they provide real-time visibility to all aspects of business performance."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV