Software as a Service (SaaS)

NetSuite Wins 2008 CODiE Award for Best Ecommerce Software More than 1,000 global companies have standardized their Ecommerce business operations on NetSuite for their core operations — from Google Keyword-to-Purchase tracking and search engine optimization, to email marketing campaigns, to shopping cart, to inventory and warehouse management, to orders and fulfillment.

San Mateo, CA (PRWEB) May 27, 2008 — NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated business management software suites for small and midsized businesses and divisions of large companies, today announced that it has won the Software & Information Industry Associate (SIIA) 2008 CODiE Award in the software category for "Best Ecommerce Solution." For more information please visit http://www.siia.net/codies/2008/finalist_detail.asp?id=12
   
The 23rd Annual CODiE Awards are the only peer reviewed awards within the software and content industries. SIIA and industry partners recognized winners in 76 categories. Over 1,000 applications were received for this year’s CODiE awards.

The SIIA CODiE Award for Best Ecommerce Solution recognizes the best software solution designed to enhance efficiency across a wide range of ecommerce business functions, including personalization tools, shopping carts, comparison bots, order forms, and delivery processes, as well as other innovative features.

The CODiE Awards are highly coveted and we are pleased to be singled out for NetSuite Ecommerce, which is part of NetSuite’s one system that enables companies to run their core end-to-end business operations in real-time.

More than 1,000 global companies have standardized their Ecommerce business operations on NetSuite for their core operations — from Google Keyword-to-Purchase tracking and search engine optimization, to email marketing campaigns, to shopping cart, to inventory and warehouse management, to orders and fulfillment.

NetSuite Ecommerce provides etailers with a host of sophisticated capabilities including:

• Unique shopping cart conversion tools — reporting on what items were abandoned by each shopper, and sending email marketing campaigns to those shoppers
• Innovative up-sell tools — dynamically recommending up-sell products based on a company’s actual sales history
• Enhanced shopping cart flow — PayPal Express Checkout, pictures in cart, displaying shipping rates prior to checkout, and multi-language capabilities.

NetSuite’s customer support capabilities help ecommerce business operations with a customer self-service area that displays a shopper’s lifetime purchase history, package tracking information, customer support communications and one-click re-ordering capacity. NetSuite’s multi-channel selling capabilities allow merchants to manage all of their online and offline channels with one system - managing all of their orders, inventory and customers in one place. Additionally, NetSuite gives mid-sized companies a customizable solution for managing complex Ecommerce sites for global organizations with multiple companies, subsidiaries, currencies and languages. NetSuite also supports managing multiple websites tied to one back-end - each with its own domain name, products, and look and feel.

"It’s an honor for NetSuite’s 2007 software to be recognized by our industry peers," said Mini Peiris, VP of Product Marketing at NetSuite. "The CODiE Awards are highly coveted and we are pleased to be singled out for NetSuite Ecommerce, which is part of NetSuite’s one system that enables companies to run their core end-to-end business operations in real-time."

"The CODiE Awards recognize those companies providing the best new technology products and services across a broad array of industries," said SIIA President Ken Wasch. "The awards and their winners are a testament to the power of technology to deliver innovative solutions to American businesses and consumers. SIIA congratulates all of the CODiE Award winners and nominees, whose innovation is essential for continuing America’s leadership in the global knowledge economy."

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

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

NetSuite Wins 2008 CODiE Award for Best Ecommerce Software

NEW YORK - A Citi Investment Research analyst upgraded shares of Salesforce.com Inc. Thursday, saying the customer management technology company’s sales are growing and face "no significant competitive threats.

The San Francisco-based company reported its fiscal first-quarter results late Wednesday. Profit increased 13 percent, and both net income and revenue exceeded expectations due to growth in subscription support sales. For the fiscal second quarter, the company forecast greater sales than analysts had expected.

Salesforce.com (nyse: CRM - news - people ) also raised its profit and revenue estimates for the fiscal year ending in January.

Brent Thill upgraded the stock to "Buy" from "Hold" Thursday, saying investors have started to sell Salesforce.com shares because sales growth usually slows down in the July quarter. But he said the seasonal shifts are decreasing, and the recent slip in the stock price presents a buying opportunity.

Thill said the company has maintained strong business momentum, and revenue continues to grow. He raised his target price to $80 per share from $70, and increased his profit and revenue estimates.

His new price target implies the stock will rise 27.7 percent over the next year, from Wednesday’s closing price of $62.66.

Ahead of the Bell: Salesforce.com upgraded - Forbes.com

London, UK and San Mateo, Calif. (PRWEB) May 20, 2008 — NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated business software suites, today announced that Clinical Solutions, a leading provider of healthcare software solutions and services for clinical decision support, informatics, triage nursing and assessment, has integrated its worldwide, end-to-end business operations with NetSuite OneWorld. NetSuite OneWorld enables Clinical Solutions’ eight subsidiaries spread across three continents and five locations to have one suite of financial accounting software, including financials and revenue recognition, and CRM software, thereby making the existing finance staff more productive; reducing costs on IT and eliminating expensive on-premise business software. NetSuite provides integrated, business software suites that include ERP (Enterprise Resource Planning) / Accounting software, CRM (Customer Relationship Management) and Ecommerce software for small and medium-sized businesses and divisions of large companies. For more information about the success story of Clinical Solutions please visit www.netsuite.com/clinicalsolutions.

With offices spread across three continents and five locations, the geographical and reporting complexities of Clinical Solutions meant they required financial accounting software that provided a true multi-currency, multi-location and multi-subsidiary solution. Clinical Solutions’ previous software, a mixture of different financial accounting software solutions, didn’t work well together, particularly with their multiple offices and a business that deals in multiple currencies.

Now, many of our employees have been able to move from a data input environment to a much higher level of analysis, which means information can be used much more effectively, and our company can save even more time and money.

Upon going live with NetSuite, all eight of Clinical Solutions’ subsidiaries were operating under one NetSuite umbrella. With the multi-currency ability of NetSuite OneWorld, each of Clinical Solutions’ subsidiaries is now able to handle and readily report in US dollars, Australian dollars, British pounds and Euros. Having single-instance consolidated financials together with the sales force automation of NetSuite alleviates Clinical Solutions’ previous problems of geographical complexity and difficulty in extracting information from multiple systems. NetSuite handles the different currencies, taxation rules and reporting needs, all within one, instantly accessible and easy-to-format system, which is available from anywhere on the globe.

Now with approximately 100 users of NetSuite, Clinical Solutions is realizing many benefits previously unknown to them. Information can be seen in real-time and can be shared across departments, across subsidiaries and across countries. This data need only be input once, resulting in considerable time savings. For instance, employee expenses can be entered online, saving the purchase ledger clerk considerable time and effort. In addition, bank reconciliations, which used to be done using spreadsheets, are now done within NetSuite. Not only is staff more productive but executives can also tap into the information in real-time. This increased visibility helps Clinical Solutions’ executives make better business decisions.

Dave Stanton, Finance Project Manager for Clinical Solutions, says NetSuite OneWorld has dramatically changed the way the company can share information across its business. "Now, many of our employees have been able to move from a data input environment to a much higher level of analysis, which means information can be used much more effectively, and our company can save even more time and money."

About Clinical Solutions
Clinical Solutions is a leading supplier of flexible evidence-based decision support and clinical software solutions to the healthcare industry that help healthcare professionals safely and consistently assess a patient’s symptoms and direct them to the most appropriate level of care. This results in more efficient management of resources and alleviates pressure on emergency and primary healthcare services. This means lower costs, lower risks and a higher degree of patient satisfaction.

Clinical Solutions is a market focused organisation that works with its customers, to establish a close working partnership through the sharing of ideas, knowledge and expertise. Its scaleable solutions have been proven to guide clinicians to deliver best practice in providing leading healthcare advice.

The company also provides knowledge management and case management solutions, used for long term conditions management, web-based bio-surveillance solutions used in pandemic and biological threat situations, and out-of-hours solutions for urgent care to both public and private healthcare providers. With each implementation, Clinical Solutions provides project management, IT consultancy and customization, training and 24/7 support. Clinical Solutions has offices in UK, USA and Australia. Its customers include; NHS Direct in England and Wales; NHS 24 in Scotland; and many walk-in centres across England, as well as customers in North America, Portugal, Norway, Australia, and New Zealand. Its solutions are used to serve over 100 million people across the world. With a mission to change the way the world accesses health and social care service, Clinical Solutions continues to invest in developing software solutions for health and social care organisations around the world.

About NetSuite
NetSuite Inc. is a leading vendor of on-demand, integrated business software suites that include Enterprise Resource Planning (ERP) / Accounting software, Customer Relationship Management (CRM) and Ecommerce software for small and midsized businesses and divisions of large companies. NetSuite enables companies to manage core business operations in a single system. NetSuite’s patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information.

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

Clinical Solutions Subscribes To NetSuite For Global Healing Of Disparate Operations

Salesforce.com’s first-quarter net income totaled $9.6 million, up from $730,000 in the year-ago period.

By Reuters

SAN FRANCISCO (Reuters)—Web business software maker Salesforce.com Inc Wednesday reported a rise in quarterly profit and raised full-year earnings forecasts, boosted by a growing number of customers adopting its online applications.

Shares of Salesforce, whose stock has risen 19 percent since it last reported results on Feb. 27, fell 1 percent in after-hours trade on expectations of a blow-out quarter.

The company reported first-quarter net income of $9.6 million, or 8 cents per share, up from $730,000, or 1 cent per share, in the year-ago period. Revenue rose 52 percent to $247.6 million from $162.4 million a year earlier.

Analysts, on average, had forecast earnings of 7 cents per share on revenue of $235.7 million, according to Reuters Estimates.

Like other Web start-ups, the company is challenging established software companies including SAP AG, Microsoft Corp and Oracle Corp with a new technology model called "cloud computing."

It arrays large numbers of data center computers, enabling them to deliver Web-based applications to far-flung users, while traditional software runs on a user’s local hard drive.

Salesforce has already signed major customers including Citigroup Inc and Dell Inc to its online platform of software applications. The company said it increased its customer base by 6 percent in the first quarter.

Rebecca Wettemann, an analyst at Nucleus Research, said results came in as expected but that the company’s broad range of customers is a "real validation" of its business model.

Salesforce now sees full-year diluted earnings per share ranging from 33 cents to 34 cents, up from a previous forecast of 32 cents to 33 cents, on revenue of $1.06 billion to $1.07 billion, up from a prior estimate of $1.03 billion to $1.04 billion.

Analysts are forecasting diluted earnings of 34 cents per share on revenue of $1.05 billion, according to Reuters Estimates.

For the current quarter, Salesforce estimated diluted earnings per share of 7 cents to 8 cents on revenue of $258 million to $259 million. Wall Street was looking for diluted EPS of 8 cents on revenue of $250.9 million, according to Reuters Estimates.

Shares of Salesforce fell to $62 in extended trade after closing down 14 cents at $62.66 on the New York Stock Exchange.

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Salesforce.com Profit Rises, Lifts 2009 Estimates

SAN MATEO, Calif. — May 20, 2008 — NetSuite Inc. (NYSE: N - News), a leading vendor of on-demand, integrated business management software suites for small and mid-sized businesses and divisions of large companies, today announced the release of NetSuite OneWorld Software Company Edition. This latest offering from NetSuite gives mid-market software companies the ability to run and manage integrated end-to-end software business processes spanning global operations—an industry-leading capability made possible through NetSuite technology that enables its integrated business suite to span the widest range of both front- and back-office applications. This new edition includes all the capabilities of NetSuite OneWorld (announced in April 2008), which enables multi-national companies to run global operations in real-time, and includes features specifically created to automate processes unique to software companies, such as renewals automation, revenue recognition, complex commission management and multi-tier channel management. For more details on NetSuite OneWorld Software Company Edition, please visit www.netsuite.com/software.

Running a software company is challenging due to complex and strict accounting and reporting requirements. To address these challenges, historically, many software companies have purchased multiple applications to run their software business operations: one to manage the sales team; one for commission management; one to manage financial processes such as renewals and revenue recognition, and yet another application for channel management. This fragmented approach typically is costly, can lead to a higher rate of errors in calculating financial results, and can result in less favorable customer experiences, particularly at the time of renewal. Once a company expands, particularly internationally, this mix of more expensive applications is often multiplied many times over, and can leave a company with very limited or delayed visibility into its operations and financial performance, especially across its multi-national operations. The lack of real-time visibility offered by this fragmented approach generally makes it difficult to drill down to local or regional-level information in real-time for timely course corrections.

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