NetSuite Inc., a supplier of on-demand integrated business management application suites to small and medium-sized businesses (SMBs), has unveiled NetSuite 2007.0, an application to aid the growing small and mid-sized businesses.

By Rahul Prabhakar

TMCnet Contributing Editor

 

NetSuite Inc., a supplier of on-demand integrated business management application suites to small and medium-sized businesses (SMBs), has unveiled NetSuite 2007.0, an application to aid the growing small and mid-sized businesses.

 

A key characteristic of the integrated enterprise software suites offered by NetSuite is the ease with which these suites can be deployed within mid-sized businesses, according to the company. Additionally, the solution offerings from the company are cost-effective, eliminating the complexities involved in adapting to other sophisticated applications delivered by vendors, such as SAP (News - Alert), Microsoft, and Sage.

 

The latest NetSuite 2007.0 application is packed with several value-added features and enhancements, focusing on the following key functional areas:

 

--Easy ERP: NetSuite Assistants eases setup, data import, and organization of complex tasks. Additionally solutions designed for functional ERP domains, such as, multi-dimensional product configuration and transactional form layout help enhance the overall business productivity.

--NetSuite Global CRM and PRM: The NetSuite 2007.0 application simplifies an organization’s global sales operations and its partner relationship management (PRM) by enabling management of orders, forecasts, quotas, and commissions per country. The data can further be consolidated into a solitary dashboard to generate a comprehensive view of the entire international business operations.

--SuiteAnalytics: The NetSuite 2007.0 application is enhanced with real-time business intelligence capabilities, such as, detailed scorecards and custom formulas (akin to Excel) within any NetSuite Dashboard, and saved searched that eliminates the cost and complexity involved in embracing third-party data warehousing tools.

 

Small and mid sized businesses increasingly need to organize their key business operations, such as, sales, finance, service delivery, accounting, warehouse management and e-commerce using integrated software applications. NetSuite provides them with easy to use solutions that are both flexible and customizable to meet the dynamic needs of a growing business, said the company.

 

Zach Nelson, CEO at NetSuite, said in a statement, “From the day of our founding, NetSuite has focused on meeting the needs of growing and mid-sized companies by combining powerful functionality with ease-of-use to facilitate growth, productivity, and actionable business intelligence for growing and mid-sized businesses.”

 

According to Denis Pombriant, managing principal of Beagle Research Group, “NetSuite has identified one of the key niches in the on-demand market, linking together front- and back-office applications to provide end-to-end business solutions. The successful combination of power and ease gives mid-size companies the simpler tools they need to support their complex operations -- and that can be a powerful tool for growth, enabling SMBs to compete with larger rivals on a more even footing.”

 

The latest NetSuite 2007.0 application is available as a standard NetSuite product and is priced at $499 per month and $99 for each user per month respectively. The company is offering zero additional charge to its customers from June to August 2007.