Six Apart Eliminates Degrees of Separation With NetSuite OneWorld

Leader in Blogging Software Brings Together Paris, San Francisco, and Tokyo
with NetSuite OneWorld for Single, Worldwide View of its Business and
Financial Accounting

SAN FRANCISCO and SAN MATEO, Calif., April 17 /PRNewswire-FirstCall/ --
NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated business
software suites that provide Accounting / ERP (Enterprise Resource Planning),
CRM (Customer Relationship Management) and Ecommerce functionality for small
and medium-sized businesses and divisions of large companies, today announced
that Six Apart, the world's leading independent blogging software and services
company, has integrated its business operations with NetSuite OneWorld.
NetSuite OneWorld enables Six Apart's TypePad, Movable Type, and VOX blogging
businesses to have one suite of business accounting software, including
financials and revenue recognition, without requiring a large accounting staff
or expensive on-premise business software.
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After acquiring a subsidiary in France and creating one in Japan, Six
Apart, a well-known, fast-growing leader in the blogosphere, soon found itself
needing to invoice its customers in euros and yen. The company also wanted to
keep its books of record in one consistent place. QuickBooks accounting
software was unable to accomplish that with different locations and multiple
currencies. In addition, Six Apart's subscription business needed to recognize
revenue on a daily basis, and its complex, unwieldy amortization spreadsheets
were time-consuming.
To overcome these challenges, Six Apart switched its disparate accounting
software systems to NetSuite OneWorld -- an implementation that took only
six weeks. Now, the company's revenue recognition accounting is GAAP
compliant, which allows Six Apart to look further down the road to closing
books and worry-free financial reporting. Most importantly, NetSuite's new
OneWorld capability allows Six Apart to consolidate its three instances of
NetSuite into a single, unified view. This gives Six Apart's Chief Financial
Officer the ability to show financials in local currency (for each individual
entity) as well as the ability to run financial reports in a consolidated,
multi-currency ERP / Accounting software system.
"Now we don't have any extra steps in reporting to our CEO and board, and
I have more insight into how each of my regions is performing," said Tod
Harmon, CFO, Six Apart. "I can respond to an ad hoc question from anyone,
without the need to download a spreadsheet and consolidate the information
myself. NetSuite OneWorld gives us an extensive view of our entire business
operation -- every subsidiary including consolidated accounts receivable and
accounts payable -- from a consolidated standpoint."
NetSuite's SaaS model gives Six Apart's executives the freedom they need
to be able to do business around-the-clock, without being tied to a desk. They
can all access NetSuite anytime, anywhere, and that flexibility works well
given the time differences between San Francisco, Paris and Tokyo. Company
executives can all log in and share the same business and financial data, and
they don't need to manage a virtual private network or any other complicated
IT infrastructure -- they just point their browsers at NetSuite and log in.
Already, NetSuite OneWorld has helped Six Apart to avoid significant
spending on IT administration costs. With the addition of NetSuite OneWorld,
the company has shaved days off of its monthly accounting closing cycle --
making the company much more efficient and giving executives insight into the
details they need, by channel, customer, product, or region. With the aid of
NetSuite OneWorld, Six Apart can manage the business of an accelerating
international operation with very little headcount resources in its accounting
group. NetSuite has allowed Six Apart to scale without spending a lot of
resources on administration.
"For the small amount we pay each month," said Harmon, "we get a global
financial consolidation system that has all the power and features a company
our size needs, and more."
About Six Apart
Six Apart Ltd. provides award-winning blogging software and services that
change the way millions of individuals, organizations, and corporations
connect and communicate across the world every day. Founded in 2002 by husband
and wife team Ben and Mena Trott, Six Apart is a global company with its
headquarters in San Francisco, CA, and offices in Europe and Japan. The
company continues to lead in the blogging and social media industry with the
Movable Type publishing platform, the TypePad hosted blogging service, and
Vox, a free blogging service for friends and families. For more information
visit the Six Apart corporate web site at http://www.sixapart.com/.
About NetSuite
NetSuite Inc. 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. NetSuite enables
companies to manage core business operations in a single system. 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.
SOURCE NetSuite Inc.

Mei Li of NetSuite Inc., +1-650-627-1063, meili@NetSuite.com