NetSuite OneWorld Helps SuccessFactors Succeed With Dramatic Cost-Savings and World-Class Financial Controls
2009年8月11日 - 10:00PM
PRニュース・ワイアー (英語)
Cloud Computing Performance and Talent Management Leader Embraces
NetSuite OneWorld for Global Management of More Than a Dozen
Subsidiaries in a Single Consolidated View SAN MATEO, Calif., Aug.
11 /PRNewswire-FirstCall/ -- NetSuite Inc. (NYSE: N), a leading
vendor of cloud computing business management software suites,
today announced that SuccessFactors, Inc. (NASDAQ:SFSF), the global
leader in on-demand performance and talent management solutions, is
the latest fast-growing public company to automate some of its key
business processes with NetSuite OneWorld, including the
consolidation of its financials for all of its foreign
subsidiaries. With more than 2,850 customers and the most widely
deployed cloud user base of more than 5.4 million, SuccessFactors
enables organizations of every size, and across every industry and
geography, to achieve high-performing workforces. SuccessFactors is
integrating its multinational sales operations with NetSuite at a
cost which is one-third less than conventional, on-premise
solutions, and, thanks to NetSuite's cloud-based maintenance and
support, saves approximately $250,000 annually on IT staff
expenditures compared to typical on-premise alternatives.
SuccessFactors uses NetSuite OneWorld for ERP, general ledger,
revenue recognition, foreign subsidiary consolidation, expenditures
and approvals, and providing data for reporting and analysis. "The
bottom line is that we now use a world-class SaaS ERP system in
NetSuite OneWorld for some of our financial controls and
consolidation of our multiple subsidiaries in North and Latin
America, Europe and Asia-Pacific, and yet we still find the system
intuitive and easy to use," said Brian Kinion, Vice President and
Controller of SuccessFactors. "We are able to get new users up to
speed very quickly, and that is key as our overseas expansion
continues." For years, the effectiveness of SuccessFactors'
financial operations and business processes were constrained by
off-the-shelf software and manual processes. QuickBooks lacked the
scalability needed by such a fast-growing, international business.
Purchase orders and expenditure approvals were bottlenecked by
cumbersome workflow, requiring spreadsheets to be e-mailed around
the company. The company needed a modern, nimble partner for its
accounting needs in order to stay focused and effective. But it did
not want to pay the $250,000 estimated cost to install and maintain
traditional on-premise software. Also, it could not afford to put
in a system too complex for its growing and expanding employee
base. NetSuite, one of SuccessFactors' cloud computing peers, came
to the rescue with the right combination of scalability,
flexibility, and cost-effectiveness. NetSuite OneWorld is playing a
crucial role in making SuccessFactors a truly integrated global
enterprise. SuccessFactors has more than a dozen sales offices
worldwide, but initially relied on local bookkeepers, spreadsheets,
and manual import processes to consolidate international results.
With NetSuite OneWorld, the company's local bookkeepers will now be
able to work with the same financial controls and live data without
extensive retraining, giving SuccessFactors more timely and
reliable insight into each and every market. Like a growing number
of young, successful companies, SuccessFactors was on NetSuite as
its system of record when it made its highly anticipated initial
public offering in 2007. The company's accounting group is
substantially more productive, with the flexibility and convenience
of the world's leading cloud computing enterprise suite. More than
100 SuccessFactors employees use NetSuite for business-critical
activities, including deeper and more immediate insight into the
company's direction and financial processes. About SuccessFactors,
Inc. SuccessFactors is one of the fastest growing public software
companies and the leading provider of on-demand employee
performance and talent management solutions. The company enables
organizations of every size, and across every industry and
geography, to achieve high-performing workforces through goal
alignment and execution, talent development and planning, and
pay-for-performance initiatives. From 92 customers and
approximately 282,000 end users in 2003 to more than 2,850
customers and more than 5.4 million end users today,
SuccessFactors' solutions are widely deployed across 60 industries
in over 185 countries in 31 languages. Founded in 2001 with offices
around the world, the company employs passionate people focused on
revolutionizing the future of work. For more information, visit:
http://www.successfactors.com/. About NetSuite Inc. NetSuite Inc.
(NYSE:N) is a leading vendor of cloud computing business management
software suites. NetSuite enables mid-market companies to manage
core business operations in a single system, which includes
accounting / enterprise resource planning (ERP), customer
relationship management (CRM), and ecommerce. NetSuite's
patent-pending "real-time dashboard" technology provides an
easy-to-use view into up-to-date, role-specific business
information. For more information please visit
http://www.netsuite.com/ NOTE: NetSuite and the NetSuite logo are
registered service-marks of NetSuite Inc. (Logo:
http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)
http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO
http://photoarchive.ap.org/ DATASOURCE: NetSuite Inc. CONTACT: Mei
Li, NetSuite Inc., +1-650-627-1063, , or Dominic Paschel,
SuccessFactors, +1-415-262-4641, Web Site: http://www.netsuite.com/
http://www.successfactors.com/
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