NetSuite Addresses ERP Needs with Cloud-Business Suite
NetSuite has unveiled the first and only cloud-business suite designed specifically for the ERP needs of the world’s largest and fastest-growing companies. Known as NetSuite Unlimited, the suite has been designed in response to demand from the CEOs, CFOs, and CIOs of top global institutions.
NetSuite claims its newly released solution offers expansive and unlimited access to the rich resources of NetSuite’s cloud business-management suite. By removing the limits around number of users, subsidiaries, add-on modules and third party SuiteApps, NetSuite Unlimited will allow global businesses to grow, expand and optimize operations.
All this is promised without worries about high implementation and maintenance costs, delayed rollouts, version lock, and lack of global integration and visibility. Cloud deployment with NetSuite Unlimited delivers the benefits of 21st century ERP advanced functionality for large enterprises in just weeks not years.
This offering has been launched at the right time, according to NetSuite, which notes a study by Gartner indicating that over 2,000 CIOs have identified cloud computing as a priority for 2011.
Another forecast by IDC shows that enterprises with more than 1,000 employees will account for over 43 percent of the total cloud market by 2014. NetSuite is set to tap all these market opportunities and cites Gartner market share data, which shows NetSuite to gain financial management solution market share faster than any on-premise enterprise alternative.
“There is no question that the cloud is big business, and big business needs the cloud,” said Zach Nelson, NetSuite CEO. “NetSuite Unlimited combines the agility and flexibility of the Cloud enjoyed by mid-size businesses with the power of traditional large enterprise systems, allowing the world’s largest companies to be more agile and innovative.”
“Deploying cloud ERP in large enterprises requires an extensible solution offering flexibility, speed, and cost savings,” said Paul Daugherty, Accenture chief technology architect. “Together, Accenture’s unmatched industry expertise and NetSuite’s proven cloud ERP leadership are accelerating the power of NetSuite Unlimited and paving the way forward for global enterprises.”
By Anuradha Shukla