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NetSuite pushes cloud-based financials/ERP suite in the market

In a press briefing earlier, NetSuite president and CEO, Zach Nelson introduced their NetSuite OneWorld PH which is the first cloud-based ERP suite made specifically for the Philippine market.

The NetSuite OneWorld is the first and only on-demand system to deliver real-time global business management and financial consolidation to mid-sized companies with multinational operations. And it does all of these in the cloud which means you don’t have to invest in servers, infrastructure, security, software patches and upgrades because NetSuite will handle all of those things for you.

The NetSuite OneWorld PH, is a fully localized version of their OneWorld. It has all the accounting rules, usage conventions, statutory and regulatory requirements of the Philippine Market including tax reporting requirements by the BIR. It is the perfect solution for local businesses to manage their domestic and global businesses in the cloud, whether they are locally headquartered or a division of a larger, multi-national enterprise.

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Zach Nelson further emphasized that with their cloud solution, businesses will drastically reduce their operational costs while improving productivity. Companies don’t have to worry about upgrading, maintaining and securing their infrastructure because everything’s in the cloud. Things are simpler yet powerful and highly customizable so migrating won’t be a problem.

Some of the local companies using NetSuite includes Jollibee Foods Corporation, ABS-CBN, Institute of Culinary arts and Food Service at FEU, MOTECH Automotive Education Center and Advanced Nutritional Technologies.

If you’re wondering how long it takes to transition from your current setup to NetSuite, Jollibee Foods Corporation was able to do it in three months across two countries. That’s a lot of branches nationwide and also includes customization.

In a research done by Gartner, NetSuite is the Fastest Growing Top 10 Financial Management Solution. Their market share for ERP Software from 2007 ““ 2009 in North America is well ahead of the competition like Lawson, Epicore and Oracle and they are the only SaaS vendor.

Click to know more about NetSuite OneWorld.

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  • Interesting that NetSuite went into this market. How do you think they will do?