LONDON, April 17 /PRNewswire/ --

- Integrated Suite and Cloud Computing Allow Medium-Sized Companies to 
Think Locally AND Globally by Unifying Business Operations in a Single System

NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated
business management software suites that include Accounting / Enterprise
Resource Planning (ERP), Customer Relationship Management (CRM) and
e-Commerce software for small and medium-sized businesses and divisions of
large companies, today announced NetSuite OneWorld, a cloud computing
solution which enables multi-national and multi-subsidiary companies to 
manage their global business operations in real-time. For more details on 
NetSuite OneWorld, please visit http://www.netsuite.com/oneworld

(Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)

NetSuite OneWorld makes real-time, global business management feasible
for the first time by combining a mature, multi-company business application
suite with cloud computing delivery. The new release adds a key enhancement
to NetSuite's One System data model to enable multiple companies and
subsidiaries to operate in a single database instance. This re-architecture
is the biggest product enhancement since the introduction of NetSuite itself,
to provide the product's signature capability to deliver deep and
locally/nationally appropriate functionality (currency, taxation, language,
reporting, dashboards, etc) while providing for instantaneous global roll-up,
visibility and compliance management. NetSuite's native SaaS delivery model
enables the OneWorld functionality to be accessed anywhere simply by opening
a browser, and eliminates the enormous IT issues associated with traditional
approaches to global business management. The combination of the new NetSuite
OneWorld capabilities with NetSuite's cloud computing delivery platform
eliminates the cost and technology barriers facing medium-sized companies
operating globally.

NetSuite OneWorld is to date the first and only announced on-demand
system to deliver real-time subsidiary management and business consolidation
capabilities to mid-market companies for front-office, back-office and
e-Commerce operations. Prior to NetSuite OneWorld, only large companies
willing to spend tens to hundreds of millions of dollars could approach such
levels of business integration. Medium-sized companies using traditional
applications such as Microsoft Dynamics GP (often referred to as Great
Plains) could achieve a low-level of business integration, but often only see
limited consolidated financials of suspect value. Of course, large systems
such as SAP or mid-market systems such as Microsoft Dynamics GP are not
delivered as native web-applications, so any attempt at limited business
consolidation required large expenditures in IT costs and systems management.

NetSuite OneWorld gives medium-sized companies a more powerful, globally
integrated system than even the world's largest companies have. Rather than
costing millions of dollars for the capability, NetSuite OneWorld is
available as a simple add-on capability to NetSuite for 1,295 pounds Sterling
per month. Delivered as a cloud computing service, there are no on-going
costs to manage or maintain the application. Rather than taking years to
implement, NetSuite OneWorld can be up and running in as little as six weeks,
and there are currently more than 30 companies live on NetSuite OneWorld,
with another 50 in process. Finally, Return-on-Investment (ROI) on NetSuite
OneWorld is truly remarkable, with many customers achieving complete ROI
immediately upon implementation (source: Nucleus Research note i50 published
April 2008 available at http://www.NucleusResearch.com).

"We were able to roll out NetSuite OneWorld across three global 
locations -- our U.S. headquarters, a newly acquired subsidiary in France and 
a newly created subsidiary in Japan -- in just 6 weeks," said Tod Harmon, CFO 
of Six Apart. "Now with the global deployment complete, NetSuite OneWorld 
gives us a comprehensive view of our entire operation from a consolidated 
standpoint -- financials in local currency for our individual entities, as 
well as reporting on our subsidiaries in a single consolidated, global,
multi-currency system."

"NetSuite is the first company to deliver a real-time multi-company,
multi-national business system built on a Software as a Service platform that
gives mid-market companies local and global visibility across front office
and back office operations in real-time. This is a bold move," said Bruce
Richardson, Chief Research Officer of AMR Research.

"With NetSuite OneWorld, we are delivering capabilities to medium-sized
companies that even the world's largest companies have failed to achieve
after spending millions of dollars," said Zach Nelson, CEO of NetSuite. "The
combination of Cloud Computing with NetSuite OneWorld delivers local control
with global visibility, not just across financials but across every aspect of
the business -- from lead to forecast to order to cash collection."

With NetSuite OneWorld, companies with multiple subsidiaries, business
units and legal entities can use the integrated software suite to help manage
local operations across multiple locations, and roll the data up for regional
and global visibility in their currency of choice. Individual users at the
local level get an application in their language and can transact in the
local currency with local taxes and operational compliance enforced. So a
sales rep entering an order or a finance user billing an invoice in Japan
both use NetSuite OneWorld in Japanese, with Japanese Yen as their currency.
Regional managing directors and executives at corporate headquarters have
real-time visibility to these local operations -- both in the local currency
used at the subsidiary level, as well as converted to regional and corporate
currencies, based on their location. For example, the Japanese subsidiary can
roll up to regional headquarters in Singapore with conversion to the
Singapore Dollar or examined at the subsidiary level in Japanese Yen -- so
performance metrics and key business indicators are an apples to apples
comparison with everyone driving to the same goal, rather than dealing with
data out of different systems with no basis for comparison and making it
difficult to drive global business success.

Built from the ground up as one system that includes ERP, CRM and
e-Commerce, NetSuite OneWorld addresses complex multi-national and
multi-company needs of these mid-market, global organisations.
Internationally, NetSuite OneWorld can readily enable businesses to adjust
for currency, taxation and legal compliance differences at the local level,
with regional and global business consolidation and roll-up. Within one
country, NetSuite OneWorld is also helpful for companies growing via
acquisition or expanding rapidly and need to bring a subsidiary on quickly to
a consolidated management view. In addition to Global ERP and Global CRM
capabilities, NetSuite OneWorld goes beyond any traditional business
application by enabling multi-site e-Commerce capabilities -- complete with
multi-currency, multi-language, local tax compliance and local inventory
sourcing capabilities. Additional benefits of NetSuite OneWorld include the
following:

NetSuite OneWorld Allows Companies' Back Office ERP Operations to Act
Locally and Roll-up Globally

NetSuite OneWorld has Global ERP capabilities that deliver multi-currency
business consolidation of financials and real-time roll-up across accounts
receivable, accounts payable, payroll, inventory, billing, invoicing and
order fulfilment from local in-country operations, to the regional office, to
global headquarters. Costs can be reduced with NetSuite OneWorld because
companies are able to staff back-office operations centrally and the same
employees can handle operations across multiple subsidiaries. Because
NetSuite OneWorld includes complete multi-currency management with automated
currency rate updates, corporate headquarters or the parent company benefit
from multiple levels of consolidated reporting that always accurately reflect
currency conversion. Businesses running on NetSuite OneWorld can also
populate a single chart-of-accounts across subsidiaries, or use separate
charts-of-accounts for each company with postings between subsidiaries such
as expense allocation managed via inter-company journals. Local taxes are
also readily handled across subsidiaries thanks to an embedded tax engine
that allows for multiple tax schedules for everything from GST, to VAT, to
consumption tax or general sales tax. Revenue recognition, local financial
reporting and compliance are also built-in components of NetSuite OneWorld.
Finally, NetSuite OneWorld allows for global order management and sourcing
with the ability to manage inventory and fulfilment across multiple locations
with product items represented globally or on a per subsidiary basis.

NetSuite OneWorld Provides Global CRM to Improve Global Selling

NetSuite OneWorld has Global CRM capabilities that allow for management
of multi-currency quotas, forecasts, commission payments, sales tax
calculations and real-time reporting for everyone in a global sales
organisation from the local rep, to the regional vice president to the head
of worldwide sales. Additionally, growing companies typically employ multiple
sales channels for their global sales operations, so NetSuite OneWorld allows
for automation of common sales channels employed internationally including
direct sales, distribution partner networks and e-Commerce. For instance,
local direct sales reps can use a localised interface to transact in their
local language and currency and see their quota, forecast, sales and
commissions locally. Multi-currency conversion and business consolidation
then allow those same local transactions to be rolled-up to regional and
global levels with currency conversion occurring at each level. So a sales
rep in Germany can interact with a user interface in German and enter an
opportunity or an order in Euros, while the Managing Director for the EMEA
region based in the UK can use an English user interface and may see that
same order forecasted in British Pounds, and the head of Worldwide Sales
based in the US headquarters can see it forecasted in US Dollars.
Additionally, marketing and customer support operations can also be managed
globally using NetSuite OneWorld so processes such as lead routing and
trouble ticket assignment can easily be handled across regions or in-country,
with global customer visibility and real-time measurement of marketing and
service operational performance.

NetSuite OneWorld Makes Global e-Commerce Operations Feasible

With multi-site, multi-currency, multi-language, local tax compliance and
local inventory sourcing capabilities, NetSuite OneWorld makes Global
e-Commerce operations a breeze. Additionally, if separate subsidiaries call
for different branding on websites, each site can be run from the same
NetSuite OneWorld account but with a different look and feel applied, and
with different items and pricing schedules exposed on each site. Every page,
product item and button on the site can be translated into a nearly unlimited
number of languages, while local taxes and currencies are handled
automatically as part of the checkout process. All e-Commerce sales are
rolled-up and consolidated at the subsidiary, country, regional or global
level, allowing for analysis against other sales channels, as well as
spotting performance trends across various locations.

NetSuite OneWorld Delivers Real-Time Analytics for Global Organisation to
Make Timely Course Corrections

NetSuite OneWorld includes Global Business Intelligence capabilities that
support local, regional and global metrics across a wide range of aspects of
the business in real-time with currency conversion occurring as needed at
each level of the subsidiary management hierarchy. With the benefit of
consolidated data that NetSuite OneWorld provides, the decision-making
process within a business is immediately improved with a plethora of
pre-built metrics that can be tailored and personalised for role-based
dashboards. Executives and regional managers can set their key indicators for
each individual region or subsidiary and have complete drill-down to the
specific transaction. Financial officers can easily analyse the general
ledger impact of transactions at the local, regional or global level while
sales executives can analyse quota, forecast sales and commissions at any
level of sales hierarchy, based on their operational access. With all key
business metrics visible and measurable in real-time across all business
operations, executive decision making and timely course corrections are a few
clicks away, rather than having to wait so long for research to be completed
that the question to be resolved becomes moot.

Pricing and Availability:

Available now, NetSuite OneWorld is an add-on module to the base NetSuite
product and is offered for 1,295 pounds per month.

About NetSuite

NetSuite Inc. is a leading vendor of on-demand, integrated business
management software suites for small and medium-sized 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 e-Commerce. 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.

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