NetSuite Announces New Financial Planning Module Enabling Business Performance Management...

NetSuite Announces New Financial Planning Module Enabling Business Performance
Management for Strategy, Planning and Execution

Companies Gain Cost-Effective, Timely Access to Sophisticated Management and
Planning Capabilities that On-Premise Vendors Sell for Millions of Dollars

SAN MATEO, Calif., June 10 /PRNewswire-FirstCall/ -- NetSuite Inc. (NYSE: N),
a leading vendor of on-demand, integrated business software suites for
mid-market businesses and divisions of large companies, today announced plans
to offer a new Financial Planning module to complement NetSuite's leading
on-demand accounting / Enterprise Resource Planning (ERP), Customer
Relationship Management (CRM) and Ecommerce capabilities. NetSuite with the
new module will give companies of all sizes, cost-effective and timely access
to highly sophisticated planning and "what if" modeling capabilities typically
only available to large corporations willing to invest millions of dollars and
months, if not years, implementing on-premise enterprise software.

With NetSuite and the new Financial Planning module, companies have at their
disposal an end-to-end business management solution to support the business
from strategy, to planning and execution in real-time. Unlike costly and
cumbersome on-premise enterprise solutions, the Financial Planning module for
NetSuite provides dynamic, real-time drill-down from top level results
enabling users to review plan vs. actual variance, isolate the organization
responsible for the variance, and drill down into the actual transactional
details contributing to the variance. These product features can help
companies streamline business processes, improve financial agility, strengthen
collaboration and the ability to drive better-informed, strategic
decision-making.

"With this new Financial Planning module, NetSuite fills a gap in the business
performance management landscape," said Michael Fauscette, GVP Software
Business Solutions at IDC. "Available on-premise tools come with higher
overhead, while spreadsheets offer little benefit when it comes to
collaboration across a distributed organization. With the new Financial
Planning module, NetSuite delivers strategic visibility to organizations that
will help them change the way they do business."

"By implementing NetSuite and the Financial Planning module, we have been able
to link together strategy, planning and execution," said James Jones,
Director, Financial Planning and Analysis, KANA Software. "We can continuously
monitor actual performance while rapidly analyzing multiple 'what-if'
scenarios, which allows us to be far more nimble and effective in making both
tactical and strategic decisions."

"Companies who make rapid, well-informed decisions, and execute with
discipline, win in the market place," said Jim McGeever, CFO of NetSuite. "By
delivering sophisticated business management, planning and modeling software
via an on-demand model, we are providing midsized companies and divisions of
large corporations with a set of capabilities previously reserved for elite
enterprises. In so doing, we're not only helping to make our customers more
productive, but we're also enabling them to more effectively compete with -
and in many cases outperform - their larger rivals."

Real-Time Business Performance Management at a Fraction of the Cost of
Enterprise Software Alternatives
With NetSuite and the new Financial Planning module, mid-sized companies and
divisions of large enterprises have a cost-effective alternative to the high
price tag of on-premise enterprise solutions and the chaos of multiple
spreadsheets thanks to a Software as a Service (SaaS)-based delivery model,
relatively quick implementation timelines and ease-of-use that empowers the
business user rather than requiring specialized IT skills. And best of all,
businesses can get strategic value by having a single source of data and
metrics delivered in real-time, enabling better decision making.

Best-in-Class SuiteCloud Integration
Developed via NetSuite's SuiteCloud development platform to integrate NetSuite
with Adaptive Planning's on demand software, the new Financial Planning module
is a strong example of the innovative software solutions that can result from
collaborative partner development activity and a robust development platform
such as NS-BOS (NetSuite Business Operating System), a component of
SuiteCloud.

Availability
The Financial Planning module for NetSuite will be available for both current
and new customers of NetSuite beginning in Q3 2009.

For more information about NetSuite, please visit http://www.netsuite.com.

NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite
Inc.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements relating to
expectations, plans, and prospects including expectations relating to the
continued high growth of NetSuite's software in the mid-market. These
forward-looking statements are based upon the current expectations and beliefs
of NetSuite's management as of the date of this release, and are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. All
forward-looking statements in this press release are based on information
available to the Company as of the date hereof, and NetSuite disclaims any
obligation to update these forward-looking statements.

In particular, the following factors, among others, could cause results to
differ materially from those expressed or implied by such forward-looking
statements: unexpected delays in the launch or availability of new products
and features, unexpected issues relating to the integration of the software
products, risks associated with material defects or errors in the software or
the effect of undetected computer viruses that could impact the availability
of the product; and our ability to successfully identify and integrate other
technologies that will complement our business. For a detailed discussion of
these and other cautionary statements, please refer to the risk factors
discussed in filings with the U.S. Securities and Exchange Commission ("SEC"),
including but not limited to the Company's Quarterly Report on Form 10-Q for
the period ending March 31, 2009, and any subsequently filed reports on Forms
10-K, 10-Q and 8-K. All documents are available through the SEC's Electronic
Data Gathering Analysis and Retrieval system ("EDGAR") at www.sec.gov or
NetSuite's Web site at www.netsuite.com.

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

SOURCE NetSuite Inc.

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