Press Release Summary:
NetSuiteÂ® enables mid-sized companies to automate ecommerce operations without developing complex custom applications. Turnkey, on-demand solution offers automated upsell/cross-sell capabilities as well as multi-channel, multi-store, multi-currency, and multi-language support. Designed to facilitate management for E-Tailers, all features are tied automatically and seamlessly with NetSuite CRM and ERP business application suite.
Original Press Release:
New NetSuite Ecommerce Release Brings Integrated on-Demand Suite to Mid-Sized Companies' Web Operations
LONDON and SAN MATEO, California, February 15 -- E-Tailers Use NetSuite for Core Ecommerce Business Processes
NetSuite, Inc., the leader in on-demand business management software, today announced a host of advanced new functionality that extends the benefit of Software as a Service (SaaS) applications to mid-sized companies' ecommerce operations. The new features -- including multi-channel, multi-store, multi-currency, and multi-language support, and automated Amazon.com-like upsell/cross-sell capabilities -- enable mid-sized companies to efficiently automate ecommerce operations and avoid the cost and pain of developing complex custom applications. For detailed information, please visit http://www.netsuite.com/ecommerce07
NetSuite Closes the Mid-Market Gap
NetSuite is the leading provider of hosted on-demand solutions for companies with Web stores of up to US$10 million in revenue. More than 1,500 ecommerce sites run on NetSuite and generated an aggregate US$290 million of sales revenue in 2006.
Now, mid-sized companies have a turnkey, on-demand solution for managing even the most complex ecommerce sites. The new set of NetSuite(R) advanced features supports globalization, multiple Web stores and multiple companies and their subsidiaries. Additionally, NetSuite brings its expertise in business process customization to meet the specific needs of larger, more complex businesses and their industry requirements. And all of these features are tied automatically and seamlessly with NetSuite's powerful CRM and ERP business application suite.
Limitations in traditional software have forced most mid-sized companies to build ecommerce capabilities from scratch. Applications such as Microsoft Great Plains and Sage were designed a decade before the rise of the Internet.
As a result, it is very difficult and costly to extend them to support ecommerce for a Web business. New applications from vendors such as Venda and Demandware are designed specifically to build ecommerce websites, but result in isolated, bolt-on systems that are difficult to integrate into core business processes and applications. In fact, NetSuite provides for more ecommerce and business management capabilities than other vendors for a fraction of the cost. For more information, please visit netsuite.com/ukmoreforless
"For many companies, the Web has become the primary channel for meeting with and selling to customers, but the systems supporting those efforts are at best bolt-on applications that aren't well integrated with the core business management systems," said Zach Nelson, CEO of NetSuite. "With the addition of these new features, NetSuite demonstrates the future of ecommerce, where one system manages transactions placed on the Web as easily as those placed in person or via the phone -- for businesses large, medium and small."
Pricing and Availability: Some of these new ecommerce features are generally available immediately with the standard NetSuite service; some require add-on modules. NetSuite starts at 350 pounds Sterling per month per company, then 60 pounds per user per month. Website Assistant & Manager and Multiple Sites/Multiple Companies are currently in Beta and will be generally available in the second quarter of 2007.
For more information about NetSuite, visit: netsuite.co.uk.
NOTE: NetSuite and the NetSuite logo are service-marks of NetSuite, Inc.
Mei Li of NetSuite, +1-650-627-1063, or firstname.lastname@example.org