NetSuite Implementation At GoPro Named To Top 100 List By Supply & Demand Chain Executive Magazine

NetSuite Cloud Transforms GoPro's Supply Chain Management

SAN MATEO, Calif., May 22, 2012 /PRNewswire via COMTEX/ -- NetSuite Inc. N +1.33% , the industry's leading provider of cloud-based financials / ERP software suites, today announced that the NetSuite implementation at GoPro, the world's leading activity image capture company, has been named to the 11th annual listing of the Supply & Demand Chain Executive 100, highlighting "100 Great Supply Chain Projects."

Supply & Demand Chain Executive (SDCE) magazine selected the NetSuite implementation at GoPro, based in Half Moon Bay, Calif., due to the dramatic supply chain transformation that GoPro has achieved since deploying NetSuite's integrated, cloud-based solution for the company's operations including ERP, CRM, accounting and eCommerce. The SDCE award is the second major honor for GoPro's use of NetSuite this year; in March, GoPro was named to Manufacturing Executive's prestigious ML100, recognizing best-in-class manufacturers in the U.S. and abroad.

"This accolade recognizes GoPro's commitment to implementing today's most innovative cloud technologies to drive our business forward," said Stephen Baumer, CTO of GoPro. "NetSuite has transformed the way we operate, enabling us to scale our business and to communicate more effectively with our suppliers, partners and employees."

After determining that legacy, on-premise software tools would limit its business growth and expansion, GoPro selected NetSuite to support its fast growing business, choosing NetSuite based on its flexibility, agility, reduced IT infrastructure and speed of implementation. GoPro went live on NetSuite within just six weeks. Now GoPro is using NetSuite to run its ERP, manage a globally distributed supplier network, inventory logistics, accounting and eCommerce in the cloud while having real-time visibility into business performance across its global supply chain, customers, suppliers and inventories, as well as production planning, change control and demand planning. Since adopting NetSuite, GoPro has been enjoying record-breaking growth over the last two years, with over 300 percent annual revenue growth and the introduction of its products at major sporting goods, lifestyle and electronics retailers.

Supply & Demand Chain Executive magazine focused the criteria for its 2012 "100 Great Supply Chain Projects" listing on supply chain transformation projects that have had a significant impact on companies that had recently implemented new supply chain transformation projects. "Our goal with this year's '100' is to put the spotlight on successful and innovative transformation projects that are delivering bottom-line value to small, medium and large enterprises across the different functions that comprise the supply chain," said Barry Hochfelder, Editor of Supply & Demand Chain Executive. "The projects featured in the '100' article can serve as a roadmap for supply chain executives looking for new opportunities to drive improvement in their own operations."

Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

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

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

Story from http://www.marketwatch.com/story/netsuite-implementation-at-gopro-named-to-top-100-list-by-supply-demand-chain-executive-magazine-2012-05-22

SuiteWorld: NetSuite to add collaboration and social tools with Box partnership

by Dan Worth

SAN FRANCISCO: NetSuite has announced a partnership with enterprise collaboration provider Box to bring a new set of sharing and collaboration tools to its services that IT staff can control with secure user policies.

Box offers a number of functionalities akin to those of consumer tools like Dropbox, Google Docs and Twitter, but with controls to provide more security by creating user and data access policies to offer enterprise's more control over staff access to data.

NetSuite chief executive Zach Nelson announced the firm would be integrating these capabilities at the firm's annual SuiteWorld event. He said the deal would help NetSuite customers improve their working practices.

"The core transaction driving business and personal productivity is collaboration around information, data and documents, so by integrating with Box we can improve this," he said.

NetSuite chief technology officer Evan Goldberg (pictured above) added that 82 per cent of the Fortune 500 use Box's tools, representing some 10m users, underlining its relevance to businesses.

Box chief executive Aaron Levie then appeared on stage at the event with Goldberg to tout the capabilities his firm would bring to NetSuite customers.

"We are working on integrating a number of our core services with NetSuite, including the ability to store and access content from any location and make content available on mobile devices," he said.

"One of the main things driving IT decisions is mobility, so content stored in Box through NetSuite will be accessible on all the major mobile systems, including the iPhone and iPad as well as Android and BlackBerry devices."

Levie also said the system would be designed to be as easy to use as possible, allowing users to simply drag and drop files from their desktop to the system and invite others to collaborate on the document, even if they are not using NetSuite's products.

He added that the firm is aiming to have the integration complete by August and hoped to have the first customers live at this stage.

Forrester principal analyst Holger Kisker told V3 that the partnership was a good move for NetSuite as it would help it compete with rivals by offering improved tools for secure, cross-platform working.

"Everything is moving to a more social and collaborative working environment but NetSuite has been lacking in this space when compared to others, like Salesforce which has made collaboration a major part of its strategy," he said.

"A partnership with Box is a good move that will allow it to enter and catch-up in this space and is something that customers will want so there's great potential here."

Story from http://www.v3.co.uk/v3-uk/news/2175344/suiteworld-netsuite-add-collaboration-social-tools-box-partnership

NetSuite takes aim at Sage resellers

By Dennis Howlett | May 15, 2012, 9:31am PDT

Summary: NetSuite takes another step in expanding its ecosystem. This time it’s at the expense of Sage.

Later today, NetSuite will announce that it is bringing Sage dealers into its growing network of resellers. From the blurbs:

Blytheco will focus on selling, implementing and supporting NetSuite cloud ERP /financials, CRM, Ecommerce and supply chain solutions to a growing new prospect base that is increasingly interested in moving to cloud-based business management solutions from on-premise software. The partnership extends Blytheco’s offerings beyond its traditional focus of on-premise Sage applications. Having built best practices for extending on-premise software to meet industry-specific needs for its clients, Blytheco is planning to leverage that domain knowledge to build SuiteApps using NetSuite’s SuiteCloud Computing Platform to leverage their NetSuite cloud offerings to meet vertical needs.

I would not normally cover this type of announcement but it is important for several reasons.

• Over the last few years, Sage has lurched from one management crisis to another as it sought to disentangle itself from a disastrous adventure into the healthcare market.
• Sage had not been able to offer its resellers much new to sell in the last few years. That changed last year but it hasn’t stopped the steady stream of grumbles among a reseller base that is itself aging.
• Sage’s business model is under threat for which the company does not have a solid response.
• Sage’s attempts to get into the cloud have been a string of repeated failures.

Last week, the company reported what I consider a weak first half. In my analysis on my personal weblog I said:

…despite the talk about organic growth, Sage is achieving more per customer than it was in the past but there are less of them. This is not sustainable in a market where cloud pricing is stable. An 81% renewal rate on support contracts bolsters that theory as customers move to cloud solutions. In fact, an effective loss of business means that year over year from 2010, Sage’s business when measured on volume has shrunk by a third, offset by price hikes in some places and additional subscription revenues coming in at lower prices elsewhere.

One senior investment banker I bumped into asked: “What does (CEO) Berruyer think he’s doing? The current strategy makes no sense especially when there is so little available for real innovation across the whole portfolio.”

All of which plays perfectly to NetSuite that really needs to ramp the reseller network if it is to accelerate growth. During a conversation with Craig West who runs NetSuite’s reseller program, I said that while the Blytheco deal may not of itself be terribly significant, the fact that a died in the wool Sage reseller has taken the plunge out to be a signal to the whole of the Sage reseller market both in the US and elsewhere.

I asked if Blythco will likely drop Sage any time soon. West said: “That’s not likely - they have a lot of customers to continue supporting. But for replacement business, we’re well positioned. Sage 100 and 200 are going nowhere and NetSuite can fit in nicely in those upgrade situations.”

I’m not going to disagree. For the last few years, Sage has had a very difficult time in the UK for example moving it Sage 50 customers up to 100 and beyond. In many deals it often loses out to either a cloud offering or (mostly) Microsoft.

Of course NetSuite hasn’t cracked the SME market just yet. It still has to figure out what to do about Intuit which remains a powerful and important incumbent.

Story from http://www.zdnet.com/blog/howlett/netsuite-takes-aim-at-sage-resellers/4117

NetSuite Offers Software for Mobile Devices, Tablets

NetSuite Inc. (N), the software maker majority-owned by Oracle Corp. (ORCL)’s Larry Ellison, is adding to its lineup of online applications with software enabling companies to manage consumer transactions from websites and mobile devices.

The software, which will be delivered to customers over the Internet, includes components for managing e-commerce merchandising and loyalty programs and can be used on tablets, including Apple Inc.’s iPad, the San Mateo, California-based company said in a statement.

“The devices workers are using now and expect their companies to support are myriad,” said Chief Executive Officer Zach Nelson in an interview, who will be demonstrating the new product, named SuiteCommerce, during a speech at the company’s annual customer conference in San Francisco today.

NetSuite is trying to expand in the crowded market for online business applications against companies including Salesforce.com Inc. (CRM), SAP AG (SAP), Microsoft Corp. (MSFT) and Oracle. Many e- commerce programs are designed for online shopping and don’t take tablet computers and smartphones into account, Nelson said.

Square Inc., the mobile payments company, plans to use the application to send data from merchants’ credit-card transactions to NetSuite’s financial applications, NetSuite said in a separate statement. Merchants will be able to use Square’s Register product to capture purchases on an iPad and then send the data to NetSuite.

SuiteCommerce will work with devices running Apple’s iOS and Google Inc. (GOOG)’s Android operating system, Nelson said.

Shares of NetSuite rose 1.5 percent to $43.26 in New York yesterday. The stock gained 6.7 percent this year before today.

To contact the reporter on this story: Aaron Ricadela in San Francisco at aricadela@bloomberg.net

Story from http://www.bloomberg.com/news/2012-05-15/netsuite-offers-software-for-mobile-devices-tablets.html

NetSuite Moves to ‘Commerce as a Service’

NetSuite manages corporate data and has been quite successful at its cloud-based system of sales, order and inventory management software.

Now it has developed software to help customers build complex retail operations using little more than a Web design team. It could also fundamentally change what NetSuite does.

“We want to make it so anyone can be Amazon,” said Zach Nelson, chief executive of NetSuite. “This is a commerce back office that any Web designer can plug into and use what he wants.” He said the offering, called Commerce as a Service, will work for small shops and “the biggest companies in the world, that want to control everything.”

If successful, NetSuite could enable large and small companies the kind of online customer knowledge, product recommendations and order management used by Amazon.com (though without the powerful analytics that enable Amazon to keep selling you stuff.)

The product is designed to work for commerce between companies, even automated sales between, say, a car with sensors that indicate a headlight is out and a dealership with the part.

Mr. Nelson said NetSuite would also partner with other emerging commerce companies, like Square, to offer customers online payments software. “We need a few partners so we can remove all of the operational friction in e-commerce,” he said. “Over all, business data and transactional data has to become a single stream of information.” Besides Square, he said NetSuite will work with Stripe, a payments company aimed at software developers, and Bazaarvoice, which analyzes the content of social media for brands.

NetSuite, along with Salesforce.com, was one of the earliest enterprise software companies to offer business software online. Salesforce tended to focus on a company’s outward-looking functions, like customer management. NetSuite, which was originally financed by Larry Ellison, Oracle’s chief executive, has concentrated on the more complex challenge of inward-looking areas like inventory and accounting.

NetSuite has been public since 2007, and in 2011 had revenue of $236 million, a 22 percent increase from 2010. The company’s competitors, however, include both incumbent enterprise resource planning companies like SAP, which are building their own cloud businesses, as well as newer upstarts like BizSlate and Acumatica.

Mr. Nelson said NetSuite’s transition to the commerce-as-a-service offering took 18 months of engineering work, which involved decoupling NetSuite’s own back end system from the way it interacted with customers.

“We’ve put all hands on deck for this,” he said. “Every company will be a commerce company.”

Story from http://bits.blogs.nytimes.com/2012/05/15/netsuite-moves-to-ecommerce-as-a-service/