SAN MATEO, California and SYDNEY, Australia, April 17 /PRNewswire/ --

NetSuite Inc. (NYSE: N), announced today that Virgin Money Australia, the
financial services arm of Sir Richard Branson's Virgin Group, has switched
from an outsourced solution to NetSuite OneWorld. NetSuite OneWorld provides
Virgin Money with one system to run its business operations more efficiently,
enabling cost savings for itself as well as savings that can be passed along
to customers. NetSuite is a leading vendor of on-demand, integrated business
software suites that include Accounting / Enterprise Resource Planning (ERP),
Customer Relationship Management (CRM) and Ecommerce software for small and
midsized businesses and divisions of large companies.

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Since May 2003, Virgin Money has shaken up the country's financial
services industry by fighting to keep the big banks honest with home loans,
superannuation (a pension program for employees in Australia) and credit
cards. The company's ambition for financial services provides customers with
greater value for money products and services, innovation and excellent
customer service.

By early 2007, the company was looking to shake off its outsourced
business accounting software and bring the task in-house, and on a platform
that could handle more of Virgin Money's needs, plus its rapid growth. The
challenge was that if the company chose to manage the previous business
accounting software in house, instead of having it outsourced, it would have
required extra capital expenses for servers, storage, climate control and
security measures. In addition, the previous accounting software's reporting
capabilities did not deliver what was required to successfully manage the
business accounting, as it lacked useful dashboards, was not easily
customized and was generally difficult to use.

Virgin Money found a cost-effective alternative in NetSuite, which will
provide a significant savings to the business -- for many reasons. First,
NetSuite is delivered as Software-as-a-Service (SaaS) business software, so
the customer does not need any servers or server rooms. Second, NetSuite's
comprehensive suite includes not just accounting software and real-time
dashboards, but also financial processes and reporting that are better
integrated than the alternative they have replaced. Most importantly,
NetSuite gives Virgin Money the necessary room to grow.

"NetSuite can be tailored to suit every role in our company, giving staff
the information they need and the access rights we want them to have," said
Andy Sampson, Financial Controller at Virgin Money. "As a growing company, we
want to have options, in case we need to roll it out to our call center,
another location, other subsidiaries, or even add users as we add new staff.
With NetSuite, we can do that. Now we're running our company far more
efficiently and cost-effectively than before, which means we can pass the
savings on to customers."

Through NetSuite OneWorld, and with the help of NetSuite Professional
Services, Virgin Money now has the ability to handle multiple companies in
one instance of the platform. NetSuite, unlike other packages, consolidates
Virgin Money's subsidiary businesses into its main business.

NetSuite OneWorld has the multi-company capabilities and Web-based
platform that make it the right fit for Virgin Money Australia. Virgin
Money's internal processes, such as bank reconciliation, purchase order
processing, and paying expenses, are now automated, simplified and more
accurate.

For more information about this story, please visit
http://www.netsuite.com/virginmoney

About Virgin Money

Virgin Money is the financial services arm of Sir Richard Branson's
Virgin Group. With businesses in UK, South Africa, Unites States and
Australia, Virgin Money is fast becoming a recognized brand in the financial
services sector. Virgin Money launched in Australia in May 2003 to do one
thing - shake up the financial services industry. That has been achieved with
award-winning products spanning credit cards, home loans and superannuation.
Virgin Money products are simple, great value and transparent, and they are
backed up by the world-famous Virgin customer service. For more information,
please visit http://www.virginmoney.com.au

About NetSuite

NetSuite Inc. is a leading vendor of on-demand, integrated business
software suites for small and midsized businesses. NetSuite enables companies
to manage core business operations in a single system, which includes
Accounting / Enterprise Resource Planning (ERP), Customer Relationship
Management (CRM), and Ecommerce. NetSuite's patent-pending "real-time
dashboard" technology provides an easy-to-use view into up-to-date,
role-specific business information.

NOTE: NetSuite and the NetSuite logo are registered service-marks of
NetSuite, Inc. Other marks are the property of their respective owners.

Web site: http://www.netsuite.com