NetSuite targets medium sized firms with ERP update

Online applications firm NetSuite has unveiled upgrades to its enterprise resource planning (ERP) software, aimed at easing installation and broadening support for business processes.

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Online applications firm NetSuite has unveiled upgrades to its enterprise resource planning (ERP) software, aimed at easing installation and broadening support for business processes.

The new 2007.0 version of the hosted system is mostly aimed at medium sized companies looking for easy to use ERP technology. SAP and Microsoft have also recently unveiled packaged ERP systems that target those firms, although SAP has hit delays, and Microsoft, with its hands full integrating its Dynamics ERP line, has admitted it does not plan to acquire any of the smaller vendors competing with it.

NetSuite chief executive Zach Nelson, speaking at the company’s product launch in London, was keen to claim that the new application offered a combination of “power and ease” that he considered unmatched by SAP, Microsoft, Sage or Salesforce.com. The new NetSuite application offered “a rich integrated functionality, ease of use and implementation, easy customisation and low cost”, he said.

The new version of the software adds “assistants”, which are designed to guide users in the set-up of their applications and business processes. These can be used as a guide for activating specific features, allowing businesses to gradually roll out a project and then add more capabilities as users become ready.

Large enterprises can also use the wizards to install complex configurations, for example, to create a matrix to manage a range of products that includes items in several sizes, flavours or strengths.

The new NetSuite version also adds global customer and partner relationship management capabilities to simplify sales operations for multinational companies and enhanced performance scorecard capabilities.

Orders, forecasts and quotas can be managed at a local level, with the calculations done using that region's currency. The result could then be sent on to executives for review in the currency of their choice.

NetSuite claimed to have 5,000 customers around the globe, and Nelson explained that “business in the UK is growing rapidly, perhaps more than in the US”.

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