United States

Profile: NetSuite Inc (N.N)

N.N on New York Stock Exchange

23 Sep 2016
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NetSuite Inc. (NetSuite), incorporated on April 11, 2007, is a provider of cloud-based financials, enterprise resource planning (ERP) and omnichannel commerce software suites. The Company also offers a suite of applications, including financial management, customer relationship management (CRM), e-commerce and retail management, commerce marketing automation, professional services automation (PSA) and human capital management (HCM) that enable companies to manage business operations in an integrated suite. Its real-time dashboard technology provides a view into various business information. The Company also offers customer support and professional services related to the support and implementation of its suite of applications. The Company delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

The Company's offerings include NetSuite, NetSuite OneWorld, NetSuite CRM+, NetSuite OpenAir PSA, SuiteCommerce, Bronto Marketing Platform, NetSuite InStore POS, LightCMS, Add-On Modules, NetSuite Industry Editions and SuiteCloud Platform. Its TribeHR (T-HR) is a provider of online human capital management software, and OrderMotion (OM) is a provider of online e-commerce order management services that performs the back-end process for e-commerce Web stores. The Company's offerings, NetSuite, OneWorld and NetSuite CRM+, are designed for use by various types of businesses. In addition, the Company offers industry-specific configurations for use by wholesale/distribution, manufacturing, retail, nonprofit, services and software companies. The Company also sells additional cloud-based application modules that customers can purchase to obtain additional functionality required for their specific business needs.

NetSuite is designed to provide the business management capabilities. NetSuite is targeted at medium-sized businesses and divisions of large companies in providing a single platform for financials/ERP, CRM, PSA and e-commerce capabilities. NetSuite OneWorld provides global businesses and divisions of large companies operating in multinational and multi-subsidiary environments. NetSuite OneWorld delivers product capabilities, including global financial consolidation, subsidiary management and transactions in approximately 190 currencies, support for over 20 languages and configurable compliance across over 100 countries. NetSuite OneWorld allows users to utilize the Company's single platform for financials/ERP, CRM, PSA and e-commerce capabilities in multi-currency and multi-language environments across various subsidiaries and legal entities. NetSuite OneWorld allows management of various companies or legal entities, with different currencies, taxation rules and reporting requirements, within a single NetSuite account. NetSuite OneWorld's tax and compliance management provides a foundation for transparency, automation and controls in the management of tax and compliance responsibilities. NetSuite OneWorld has CRM capabilities that allow for management of multi-currency quotas, forecasts, commission payments, sales tax calculations and real-time reporting.

The Company's NetSuite CRM+ is targeted at a range of companies, including larger than traditional medium-sized business customers. This application provides traditional sales force automation, marketing automation, customer support and service management functionality. Its NetSuite OpenAir is a PSA solution that is used by professional services organizations. NetSuite OpenAir provides a clear view into the services organization's performance and profitability with dashboards and reports. NetSuite OpenAir provides online and mobile time and expense management. NetSuite OpenAir can be deployed either as a standalone PSA software solution, integrated with NetSuite, or integrated with an existing enterprise CRM or financials/ERP system.

The Company's product, SuiteCommerce solution, enables businesses to move from standalone transactional channels, such as online, in-store or telephone, to an integrated commerce. The SuiteCommerce captures preferences and transactions into customer profiles to support personalized marketing, merchandising and promotions across all channels. Bronto Marketing Platform is the Company's commerce marketing automation platform that delivers timely, relevant and data-driven digital marketing. NetSuite InStore POS provides retailers with a solution that unifies the physical and digital shopping experiences within a single, cloud-based commerce platform. Built on NetSuite's order and inventory management system, SuiteCommerce InStore provides visibility into inventory anywhere in the business, including the ability to combine different fulfillment models, such as cash-and-carry and ship-to-home in a single transaction. Its built-in CRM provides retail associates access to customer history from the store floor and a visual timeline shows all purchases, exchanges, store visits and service requests regardless of channel.

The Company's product, LightCMS, is a Web-based software platform. LightCMS functionality simplifies the process of building a Website and an online store. Through Add-On Modules, the Company also offers advanced capabilities. The Company offers add-on modules, which are part of its integrated suite, but are sold separately. Its NetSuite Industry Editions include configured NetSuite to meet the requirements of selected industries. The Company's editions serve companies in the wholesale/distribution, manufacturing, services, retail and software industries. Within each edition, the Company offers industry specific functionality. The SuiteCloud is the Company's technology platform that allows customers, partners and developers to tailor and extend the Company's suite to meet specific company, vertical and industry requirements for personalization and business processes. It allows partners to develop and distribute cloud-based products, including industry-specific versions of the Company's application suite. NetSuite provides partners building on SuiteCloud with a Website, SuiteApp.com, which enables them to market and distribute solutions to NetSuite.

The Company competes with Epicor Software Corporation, Intuit Inc., Microsoft Corporation, Oracle Corporation, SAP AG, The Sage Group plc, salesforce.com, inc. and Workday, Inc.

Company Address

NetSuite Inc

2955 Campus Dr Ste 100
SAN MATEO   CA   94403-2539
P: +1650.6271000
F: +1650.6271001

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