Oracle NetSuite Corporate Communications
Integrates Industry-Specific ERP, CRM, and Ecommerce Functionality
Dedicates Professional Services Team with Best Practices Implementation Methodology
SAN MATEO, Calif.—April 6, 2006—NetSuite, Inc., the leader in on-demand business software suites, today announced the release of NetSuite Wholesale/Distribution Edition, the first on-demand vertical suite for distributors. With NetSuite Wholesale/Distribution Edition, wholesalers and distributors can manage their entire business cycle from lead generation through sales, warehouse and inventory management and shipping, with accounting support throughout. For more information about NetSuite Wholesale/Distribution Edition, please visit www.netsuite.com.hk/wholesale_distribution
The wholesale/distribution industry is among the largest in the world, representing almost a quarter of the United States economy alone. The vast majority of these businesses are small and mid-sized, and 90% have fewer than 500 employees. The size of a distribution business does not, however, reduce the complexity of the business challenge. Small and mid-sized wholesale/distribution companies" business processes are just as challenging as large companies" processes, and they are continually pressured by the complex requirements forced upon them by larger trading partners, global competition, razor-thin margins, and ever more demanding customers. NetSuite Wholesale/Distribution Edition gives companies the visibility they need to compete by combining the functionality and power previously available only to the world"s largest wholesalers and distributors with a cost structure they can afford thanks to NetSuite"s on-demand delivery model.
"Distributors try to cobble together multiple business applications—and numerous spreadsheets—to manage the complexity of this industry," said Stephen Wolfe, General Manager, NetSuite Wholesale/Distribution. "With NetSuite, distributors stop wasting precious resources and start focusing on increasing customer service levels, cutting costs, and growing their business."
NetSuite Wholesale/Distribution Edition — Designed by 1000 Customers
The new NetSuite offering takes the input of over 1000 existing wholesale/distribution customers to deliver the first integrated on-demand suite designed specifically for their unique business process needs. The system gives companies customer relationship management linked seamlessly with back-office inventory management, fulfilment, and accounting processes all within a single, flexible business application. The new edition, supported by a best practices implementation methodology, includes a host of new features to meet the needs of mid-sized distributors including:
Pricing and Availability
NetSuite Wholesale/Distribution Edition is available immediately, with new Version 11.0 capabilities delivered to customers using NetSuite"s patent-pending "phased release" process, starting in April 2006 and continuing through June 2006. NetSuite"s Wholesale/Distribution Edition is priced at $999 per month for the base suite and $99 per user per month.