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NetSuite Version 11.0 Takes AJAX Beyond Navigation and into Functional Product AreasApril 19, 2006; 02:14 AM
For more information about NetSuite 11.0, please visit www.netsuite.com/11 "Version 11.0 blows away the conventional wisdom that SaaS applications are simple point solutions that can't meet the needs of complex businesses," said Zach Nelson, CEO of NetSuite. "With this release, NetSuite provides the functionality and customization required by mid-sized organizations. As importantly, our advances in AJAX user interface design make NetSuite by far the easiest to use and most productive Web-native application." The mid-market software application arena is incredibly fragmented, both from a vendor perspective and from a customer-usage perspective. Unlike the enterprise market where broad business suites from SAP and Oracle control the majority of the market, the mid-market has no dominant platform, as companies such as Microsoft and Sage have only small market share. From a customer usage perspective, mid-sized companies have had to operate separate, fragmented software packages to run their businesses — one for accounting, one for sales force automation, one for customer support and service, one for marketing, and one for warehousing. Even though software vendors try to integrate their stand-alone offerings with other point solutions using APIs, XML and Web services, the patchwork approach can, at best, be integrated only on a rudimentary level. However, analysts report that small and mid-sized enterprises (SMEs) are now undertaking the same business application transition that Fortune 1000 companies have recently completed. That is, they are moving from cobbled together, stand-alone software solutions to an integrated suite to manage core business operations. As a SaaS pioneer, unlike other on-demand software companies that repeat the past by creating stand-alone point product applications, NetSuite was founded with the vision of delivering a complete, on-demand suite of applications to SMEs. As the first on-demand business suite available, NetSuite's introduction of NetSuite Version 11.0 brings to growing businesses the power of applications previously available only to the world's largest companies. Pricing and Availability NetSuite, Inc. is the leader in on-demand business software suites and the fastest-growing software company in North America (source: Deloitte Fast 500 study). NetSuite enables companies to manage all key business operations in a single system, which includes accounting/Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce. NetSuite is delivered as an on-demand service, so there is no hardware to procure, no large, up-front license fee, and no complex set-ups. Finally, NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into role-specific business information that is always up-to-date. For more information about NetSuite, visit: www.netsuite.com
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