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Oracle Announces EU Region Expansion in Germany

Thu, 2017-05-04 11:00
Press Release
Oracle Announces EU Region Expansion in Germany New IaaS foundation and capabilities enable customers to move mission-critical applications to the cloud

Redwood Shores, Calif.—May 4, 2017

Continuing its commitment to cloud customers through extensive engineering and infrastructure investments, Oracle today announced enhancements to the Oracle Cloud EU Region in Germany with the addition of modern infrastructure as a service (IaaS) architecture and new IaaS and platform as a service (PaaS) cloud services. German-based modern IaaS will enable organizations to build and move mission-critical workloads to the cloud with uncompromised security and governance at a significant price performance advantage both over existing on-premises infrastructure and competitive cloud offerings. Oracle’s expanded infrastructure footprint is a result of tremendous customer demand with non-GAAP cloud revenue up 71 percent in Q3FY17 to $1.3 billion. The Oracle Cloud EU Region in Germany builds on the previously announced Oracle Cloud UK Region. The Oracle Cloud EU Region in Germany is expected to come online in the second half of this calendar year.

“Our customers and partners in the EU and in Germany have trusted their businesses and mission-critical workloads to the Oracle Cloud for years,” said Thomas Kurian, president of product development, Oracle. “The expansion of the Oracle Cloud EU Region in Germany will deliver the best cloud services, not only our leading SaaS offerings, but also our new PaaS and IaaS offerings. Oracle will be providing EU-based cloud customers with unmatched performance, availability, and governance, and support of the broadest range of enterprise applications from any cloud platform.”

The expansion of the Oracle Cloud EU Region in Germany will consist of three high bandwidth, low latency sites—or Availability Domains (ADs). These ADs are located within the Frankfurt metropolitan area and operate in a completely fault-independent manner. This differentiated architectural approach along with unique to cloud technologies like Oracle Real Application Clusters (RAC), provides the highest levels of failure protection and availability for Oracle customers’ most demanding cloud-based applications. Availability Domains are deeply integrated into the Oracle Cloud Platform, easing use and eliminating complex architectural decision-making around availability.

With today’s news, Oracle will be providing EU-based customers with a comprehensive set of cloud services, including SaaS and the new PaaS and IaaS capabilities to support their journey to the cloud. Whether they are migrating Oracle Database applications, or building new ones, Oracle Cloud Platform is the fastest, most reliable platform. Oracle already has a major presence in Germany with Global Drinks, Lufthansa Cargo AG, and Mövenpick already using Oracle Cloud services in the country.

“Oracle cloud technology is enabling enterprises to develop new services, create new digital experiences for their customers and compete in new markets. This investment in Germany demonstrates our commitment to provide unrivalled state of the art technology infrastructure where and when our customers need it.  This will be particularly important as companies ensure their migration to the cloud complies with impending EU General Data Protection Regulations,” said Frank Obermeier, vice president and Country Leader, Oracle Germany.

“We are working with our EU and global customers to help them determine how to accelerate their migration to the cloud using modern SaaS, PaaS, and IaaS services,” said Tim Jennings, chief analyst for Enterprise IT at Ovum. “The enhanced Oracle EU Region in Germany will provide organizations with the full spectrum of cloud services, delivered with the same levels of enterprise-class performance, security and availability they have come to expect from their on-premise technologies.”

Customers and Partners Eager to Use Oracle Cloud’s IaaS in Germany

“Cloud computing is revolutionizing the ability to provide technology platforms and infrastructure ‘as-a-Service,’ helping companies quickly and cost effectively bridge the gap to digital innovation,” said Yves Bernaert, senior managing director, Accenture Technology in Europe, Africa and Latin America. “Accenture helps its clients take a Cloud First approach to harnessing digital disruption and become high velocity enterprises—agile, connected and optimized to navigate their unique Journey to Cloud and outperform the competition. Accenture is excited to bring this additional offering to our clients as it provides a compelling value proposition for those running local, in-country, fully scalable and integrated cloud solutions covering applications, platform and infrastructure. As one of the leading Oracle systems integrators globally and Oracle Germany Partner of the Year 2017 for IaaS, and a Diamond level and Global Cloud Elite business member of the Oracle PartnerNetwork (OPN), we look forward to continuing to build on our relationship, which spans a quarter of a century.”

“Working with Oracle’s modern IaaS located in the United States, we have been extremely impressed with the high compute performance and super low latency,” said Gary Mawdsley, Co-Founder of AnzenData. “We are very excited the Oracle Cloud EU region is coming online. This opens up a second major geography which is essential for Anzen, where a second continent is fundamental to the integrity and legitimacy of the Anzen product. The Oracle vision and roadmap for the cloud can only further enhance and support Anzen's strategy and offerings.” 

“Paragon provides high-performing, secure, and stable IT infrastructure to more than 450 bookstores across Germany, Austria, and Switzerland. The cloud has opened up new opportunities for small and medium-sized companies to modernize their business, reduce costs and become more flexible,” said Malthe Griesel, Head of Oracle Infrastructure and Database Services, Paragon Data. “As a long-term cloud customer and Platinum level member of OPN, we are excited to see Oracle’s commitment to the German market by delivering the full stack of cloud services locally.”

“For our customer workloads, scalable performance in the cloud is driven by the network and storage architecture and in both those areas Oracle modern IaaS is delivering a significant step change in price performance available to our HPC Cloud customers,” said Jamil Appa, co-Founder and director of Zenotech.

Oracle is the only cloud vendor that provides customers with the ultimate in choice and flexibility in how they deploy their cloud services. Organizations can access Oracle Cloud services via the Oracle Cloud, deployed inside their own datacenter with the Oracle Cloud at Customer portfolio of offerings, and through a set of partners in specific geographic locations, all managed by Oracle Cloud professionals.

Contact Info
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
Jesse Caputo
Oracle
+1.650.506.5967
jesse.caputo@oracle.com
About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at http://cloud.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Nicole Maloney

  • +1.650.506.0806

Jesse Caputo

  • +1.650.506.5967

Oracle Cloud Applications Drive Business Transformation Around the World

Thu, 2017-05-04 09:36
Press Release
Oracle Cloud Applications Drive Business Transformation Around the World Industry-first innovations drive growth of world’s largest and fastest-growing suite of cloud applications

Redwood Shores, Calif.—May 4, 2017

Organizations worldwide are increasingly adopting Oracle Cloud Applications to grow faster, differentiate from competitors, and better serve their customers. Oracle Cloud Applications is a complete and fully integrated suite of cloud applications for every function in the enterprise, and is the industry’s broadest, deepest, and fastest-growing suite of cloud applications. With Oracle Cloud Applications, organizations across all industries can deliver the experiences customers expect, attract and retain the talent to succeed, and achieve the performance the market demands.

The Oracle Cloud delivers nearly 1,000 SaaS applications to customers in more than 195 countries around the world. With NetSuite now part of Oracle, more than 25,000 organizations around the world now leverage Oracle Cloud Applications to transform critical business functions and embrace modern best practices. To accelerate this growth and help organizations of all sizes transform business processes, Oracle recently announced a series of NetSuite expansions and innovations. It is also introducing artificial intelligence-based enterprise applications. Oracle Adaptive Intelligent Apps blends first-party data with third-party data, and then applies Oracle's decision science and machine learning capabilities to create cloud applications that adapt and learn.

“In today’s business environment, there is no room for mistakes; organizations that do not adopt modern best practices across all critical business functions will struggle to survive,” said Steve Miranda, executive vice president of applications development, Oracle. “With Oracle Cloud Applications, Oracle provides a comprehensive and integrated suite of modern business applications that enable increased business agility and reduced costs. As a result, organizations across every industry are increasingly selecting Oracle Cloud Applications to transform the way they do business.”

Oracle NetSuite Global Business Unit

NetSuite provides a suite of cloud-based financials/ERP, HR, Professional Services Automation (PSA), and omnichannel commerce software that organizations in more than 100 countries use to run their businesses. Last week, during SuiteWorld 2017, its annual user conference, NetSuite issued a series of announcements to help organizations prepare for what’s next, including global expansion initiatives that will leverage Oracle’s scale and resources; SuitePeople, a new core HR solution natively built on NetSuite’s unified cloud suite; SuiteSuccess, the first industry cloud solution; major global ERP enhancements; and NetSuite OneWorld for Nordics-headquartered businesses. NetSuite also announced a wide array of innovative and fast-growing businesses that have selected the NetSuite platform. For a full roundup for the news from SuiteWorld 2017, click here.

Oracle Customer Experience Cloud (Oracle CX Cloud)

Oracle CX Cloud Suite empowers organizations to take a smarter approach to customer experience management and business transformation initiatives by providing a trusted business platform that connects data, experiences and outcomes. To help organizations further drive predictable and tangible business results, Oracle extended Oracle CX Cloud last week with the introduction of innovative new technologies, such as chatbots and artificial intelligence, as well as enhanced mobile, video, and social messaging capabilities. In last quarter (Q3 FY’17) alone, Oracle added 480 new Oracle CX Cloud customers and 586 customer expansions.

Oracle Human Capital Management Cloud (Oracle HCM Cloud)

Oracle HCM Cloud provides organizations with modern HR technologies that enable collaboration, optimize talent management, provide complete workforce insights, increase operational efficiency, and make it easy for everyone to connect on any device. In last quarter (Q3 FY’17) alone, Oracle added 206 new Oracle HCM Cloud customers and 217 customer expansions.

Oracle Enterprise Resource Planning Cloud (Oracle ERP Cloud)

Oracle ERP Cloud provides organizations with complete, modern and proven ERP capabilities across financials, procurement, and project portfolio management, as well as Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC), and Supply Chain Management (SCM), to help increase productivity, lower costs and improve controls. In last quarter (Q3 FY’17) alone, Oracle added 564 new Oracle ERP Cloud customers and 120 customer expansions.

Contact Info
Simon Jones
PR for Oracle
+1.415.856.5155
sjones@blancandotus.com
About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at http://cloud.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Simon Jones

  • +1.415.856.5155

VMware and Oracle Collaborate to Enable Advanced Security Features and Streamlined Management of Oracle Mobile Enterprise Applications

Thu, 2017-05-04 09:34
Press Release
VMware and Oracle Collaborate to Enable Advanced Security Features and Streamlined Management of Oracle Mobile Enterprise Applications VMware AirWatch and Workspace ONE customers can now securely manage their Oracle mobile business applications

Palo Alto and Redwood Shores, Calif.—May 4, 2017

VMware Inc. (NYSE: VMW), a global leader in cloud infrastructure and business mobility and Gold level member of Oracle PartnerNetwork, and Oracle today announced a new relationship to simplify management and enable advanced security features for Oracle’s suite of mobile business applications and Oracle Mobile Cloud Service (OMCS) for mobile devices. Oracle has the most enterprise mobile applications in the Apple App Store and was also named a leader in The Forrester Wave™: Mobile Development Platforms, Q4 2016. Through this collaboration, Oracle’s robust mobile ecosystem can now leverage application management and security through VMware AirWatch®.

VMware is the first mobile application management provider to manage and secure hundreds of Oracle business applications and custom applications built on the OMCS. As such, enterprise IT organizations can manage their Oracle application suite on a single unified platform together with their other business-critical applications and devices. Users who count on Oracle’s business applications to make better decisions, reduce costs and increase performance can benefit by being able to access these applications through a simple digital workspace environment—be it from a mobile device, laptop or desktop – with VMware Workspace ONE™ and AirWatch.

“Mobilizing critical business processes is at the core of both of our organizations’ DNA and this collaboration will help us advance this shared vision for our customers and their end users alike,” said Sanjay Poonen, chief operating officer, customer operations, VMware. “We’re proud to come together with Oracle to make it easier for IT administrators to secure and manage these critical mobile apps and help their end users seamlessly access them from any endpoint. VMware Workspace ONE™ is the industry’s only integrated platform for application and access management and unified endpoint management (VMware AirWatch®) that enables simple enterprise secure access to any app from any device, accelerating adoption of digital workspaces.”

With hundreds of cross-industry capabilities spanning enterprise resource planning, customer relationship management, supply chain planning, and more, Oracle’s suite of business applications helps customers of all sizes manage the complexities of global business environments.

OMCS simplifies enterprise mobility by giving customers a complete mobile solution and the choice and flexibility to develop their own unique enterprise mobile strategy. OMCS makes it easy for enterprises to develop and extend existing enterprise applications or build custom apps with a Mobile First platform.

“We put our customers at the center of everything we do and we’re constantly looking for ways to enhance our business applications to expand their software investment,” said Thomas Kurian, president, Oracle. “Oracle has many customers who have standardized on VMware Workspace ONE for application security and management. With this agreement, everyone involved—Oracle, VMware, our customers and their end users—can benefit from the two companies working together.”

Contact Info
Scott Thornburg
Oracle Partner Public Relations
+1.415.816.8844
scott.thornburg@oracle.com
Ken Lotich
VMware Global Communications
+1 916-740-4335
klotich@vmware.com
Danielle Tarp
Hill+Knowlton Strategies
+1 415-856-5182
danielle.tarp@hkstrategies.com
About VMware

VMware, a global leader in cloud infrastructure and business mobility, helps customers accelerate their digital transformation. VMware enables enterprises to master a software-defined approach to business and IT with VMware Cross-Cloud Architecture™ and solutions for the data center, mobility, and security. With 2016 revenue of $7.09 billion, VMware is headquartered in Palo Alto, CA and has over 500,000 customers and 75,000 partners worldwide.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle's partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.

About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at http://cloud.oracle.com.

Trademarks

VMware, Workspace ONE, AirWatch, and Cross-Cloud Architecture are registered trademarks or trademarks of VMware, Inc. in the United States and other jurisdictions.

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Scott Thornburg

  • +1.415.816.8844

Ken Lotich

  • +1 916-740-4335

Danielle Tarp

  • +1 415-856-5182

Oracle and Partners Make It Easier for Global Organizations to Move to the Cloud

Thu, 2017-05-04 09:32
Press Release
Oracle and Partners Make It Easier for Global Organizations to Move to the Cloud New and extended partner relationships support the strong demand for Oracle Cloud

Redwood Shores, Calif.—May 4, 2017

Oracle today announced the addition of new partners to Oracle Network Cloud Service: FastConnect, a program that enables enterprise cloud connectivity through the points of presence for global members of Oracle PartnerNetwork. The new and extended partner relationships support the strong demand for Oracle Cloud. These collaborations help global enterprise customers break down barriers to cloud adoption and take advantage of performance, cost and innovation benefits of the Oracle Cloud.

Equinix has extended its relationship with the Oracle FastConnect program to include Oracle Cloud Infrastructure. A similar relationship with Megaport was announced in April to enable Cloud through the FastConnect program. Other recent partners include Verizon, BT and NTT.

Oracle FastConnect addresses one of the most important issues that impacts migration to a cloud service: the unpredictable nature of the Internet. With FastConnect, customers can create a high-throughput and low-latency connection that delivers the benefits of a hybrid cloud setup by providing an easy, cost effective way to create dedicated and private connectivity to Oracle Cloud. In addition, customers can address common concerns with security and performance issues associated with cloud technologies. This is especially true for mission-critical enterprise workloads that frequently demand high levels of availability, security and performance.

Together, Oracle and its FastConnect partners aim to remove barriers to cloud adoption by providing additional options for connectivity to Oracle Cloud from trusted enterprise data centers. In-region accessibility helps to improve performance by reducing latency and providing strong quality of service, all while supporting data residency requirements. Connecting directly to the Oracle Cloud through Oracle FastConnect enables a fast, private connection to the industry’s broadest and most integrated cloud platform, with a complete range of services across Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS).

“We continue to see tremendous growth across our cloud business,” said Thomas Kurian, president of Product Development, Oracle. “These collaborations further help our customers achieve business transformation in the cloud and execute on their business strategies by taking advantage of the breadth and depth of our partners’ global networks”

For more information about Oracle FastConnect, visit https://cloud.oracle.com/en_US/network.

Contact Info
Scott Thornburg
Oracle
+1.415.816.8844
scott.thornburg@oracle.com
Kris Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at http://cloud.oracle.com.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle’s partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program—an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Scott Thornburg

  • +1.415.816.8844

Kris Reeves

  • +1.415.856.5145

Trek Bicycle Shifts to Oracle Cloud to Improve Customer Experience

Thu, 2017-05-04 09:30
Press Release
Trek Bicycle Shifts to Oracle Cloud to Improve Customer Experience World renowned bicycle company turns to Oracle Cloud Platform to build brand enthusiasts through innovative mobile solutions, reinvent customer claim process, and rapidly expand its dealer network

Redwood Shores, Calif.—May 4, 2017

Oracle today announced that Trek Bicycle, a world leader in manufacturing and distribution of bicycles and cycling products, is using Oracle Cloud Platform to help grow Trek enthusiasts and keep its riders on the road through faster service, as well as to simplify expansion of its global dealer network.

Founded in 1976, Trek bicycles are sold through a vast network of more than 10,000 independent bicycle dealers in 90 countries around the world. Using Oracle’s PaaS and IaaS services, Trek has been able to extend and modernize its legacy ERP system that handles inventory, purchasing, claim management, warehousing, and distribution for the company, while quickly building and integrating new mobile-first cloud applications.

As a first step, Trek set out to streamline the customer claims process and engagement with its dealers. Using Oracle Mobile Cloud Service, a key component of Oracle Cloud Platform, Trek developed an innovative new mobile application that enables dealers to submit repair claims using their mobile devices and a few taps of a button. With the new claims application, dealers will simply snap a picture of the customers’ bikes on their mobile device, connect directly to Trek’s supply chain applications through an API, and create a claim in just a couple of minutes. The new claim submission application will also include optical character recognition (OCR) technology that allows service professionals to pull up customer service histories simply by scanning a bike’s serial number. It also allows Trek to better service their bikes and better support existing customers.

“We’re taking a lot of functionality that dealers only can get currently through their terminals or by calling us on the phone, and putting it directly on their handheld devices for maximum efficiency,” Tom Spoke, global ERP director at Trek. “We believe this will significantly speed up the claims process and enable our global retailer network to spend more time selling bicycles and better serving customers.”

“We’re thrilled to partner with a world renowned bike company like Trek to help them develop cool mobile applications and upend their customer claim process,” said Amit Zavery, senior vice president, Oracle Cloud Platform. “Our Oracle Cloud Platform services were key to enabling Trek to extend and integrate its apps and develop a hybrid cloud architecture to modernize its IT infrastructure.

Oracle SOA Cloud Enables Trek to Expand Dealer Network

Looking ahead, Trek is also planning to leverage Oracle’s PaaS services, including Oracle Service-Oriented Architecture (SOA) Cloud and Oracle Developer Cloud to continue to grow its business, scale, and expand rapidly. This includes establishing electronic connections with third-party logistics providers around the globe, including opening a vast new revenue channel through Tmall, China’s largest online marketplace. Oracle SOA Cloud simplifies the process of developing external integrations across numerous interfaces to retailers, using the electronic data interchange (EDI) and managed file transfer (MFT) protocols and tying them back to Trek’s on-premises ERP system. These cloud-based development tools will enable Trek to accelerate the process of onboarding new partners, create unique SOA composites for each partner, and quickly establish new integration services. TREK was impressed by the ability to easily move the Oracle stack between on premises and cloud.

Trek plans to use Oracle Cloud Platform to develop more SaaS applications in the future, including a mobile app that will provide bicycle retailers with additional functionality in other areas of their business and another mobile app that will be used internally in Trek’s distribution centers. The company is also looking toward customer-centric applications that will connect and fuel the competitive spirit of Trek enthusiasts.

Contact Info
Nicole Maloney
Oracle
+1.650.506.0806
nicole.maloney@oracle.com
Kristin Reeves
Blanc & Otus
+1.415.856.5145
kristin.reeves@blancandotus.com
About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at http://cloud.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Nicole Maloney

  • +1.650.506.0806

Kristin Reeves

  • +1.415.856.5145

NetSuite Readies Businesses for What's Next at SuiteWorld 2017

Thu, 2017-04-27 11:30
Press Release
NetSuite Readies Businesses for What's Next at SuiteWorld 2017 Massive Global Business Expansion, SuitePeople, SuiteSuccess, Next-Ready ERP, OneWorld for Nordic Businesses and a Wide Array of Customers Headline Annual Conference

SuiteWorld 2017, Las Vegas, Nev.—Apr 27, 2017

Oracle NetSuite Global Business Unit (GBU), the industry's leading provider of cloud financials / ERP, HR and omnichannel commerce software suites, has unveiled global expansion initiatives, SuitePeople, SuiteSuccess, Next-Ready ERP, and NetSuite OneWorld for Nordics-headquartered businesses. NetSuite also announced a wide array of innovative and fast growing businesses that have selected the NetSuite platform.

Massive Global Expansion Initiatives

NetSuite announced a massive expansion plan to accelerate its international growth. This expansion shows how NetSuite customers will benefit from Oracle’s vast global scale and resources. The expansion initiatives will enable NetSuite to launch more data centers, more field offices and more development centers globally, which will help to bring a leading cloud ERP suite to more organizations around the world.

Adding Oracle’s global resources to NetSuite’s existing global footprint provides rapid entry and expansion into new markets across three key areas:

Data Centers. Oracle NetSuite Global Business Unit plans to more than double its data center footprint from five data centers globally to 11. NetSuite currently operates three data centers in North America, one in Amsterdam, Netherlands and one in Dublin, Ireland. NetSuite expects to add a fourth North American data center in Chicago. As part of the global expansion plans, NetSuite will leverage existing Oracle data centers in Europe and Asia. In Europe, NetSuite is scheduled to open a data center in Frankfurt, Germany to remedy the lack of modern cloud computing offerings in the country. In Asia Pacific, NetSuite plans to initially launch facilities in Australia and Singapore, followed by Japan and China. The addition of Oracle data centers to NetSuite’s operations will provide even greater security, redundancy, performance and scalability for new and existing customers across the globe.

Field Offices. NetSuite expects to double its global presence, expanding from offices in 10 countries to 23 spread across the globe. The addition of Oracle’s field offices significantly increases NetSuite’s ability to meet the rising demand for cloud ERP around the world. NetSuite is establishing a new presence in Argentina, Brazil, Colombia, Chile, Mexico, France, Germany, Sweden, Dubai, China, India, Malaysia and New Zealand. In addition, NetSuite is expanding headcount in existing field offices by over 50 percent to provide better resources for customer demand.

Development Centers. Oracle NetSuite Global Business Unit is leveraging existing Oracle development centers across India, China and Japan. The development centers will be able to accelerate the development of international, regional and local features and functionality within NetSuite OneWorld.


SuitePeople, the Most Unified and Flexible Cloud Core HR Offering Ever

NetSuite announced SuitePeople, a new core human resources (HR) offering natively built on NetSuite’s unified cloud suite. NetSuite is the first and only cloud ERP suite to give businesses a single platform to manage mission critical business processes. Traditionally, businesses have had to manage core HR processes in separate modules, disparate systems, or worse, in spreadsheets. Growing businesses can’t afford the cost, time and risk associated with manual workarounds, complex integrations or siloed data. Unlike legacy HRIS solutions, SuitePeople helps make people information actionable throughout the organization from a single suite.


SuiteSuccess, The First Unified Industry Cloud Solution

NetSuite announced SuiteSuccess, the first unified industry cloud solution. NetSuite has delivered 12 SuiteSuccess editions for the following eight industries:  advertising, media, publishing; financial technology; manufacturing; nonprofit; retail; service-based businesses; software/internet; wholesale distribution. SuiteSuccess is the culmination of a multi-year transformation effort to combine the NetSuite unified suite, 20 years of industry leading practices, a new customer engagement model, and business optimization methods into a unified, industry cloud solution. SuiteSuccess was engineered to solve unique industry challenges that historically have limited a company’s ability to grow, scale and adapt to change.


NetSuite’s Major Global ERP Enhancements

NetSuite announced the new release of major global ERP features. These new cloud ERP features are designed to ready businesses for what’s next, with a host of enhancements to its core ERP suite. The new functionality spans global financials, revenue recognition, billing, services resource planning (SRP), supply chain management (SCM), and Governance, Risk and Compliance (GRC). These enhancements give NetSuite customers the ability to continue to scale and innovate efficiently.


NetSuite OneWorld for Nordics-Headquartered Companies

NetSuite announced NetSuite OneWorld for Nordics-headquartered businesses. NetSuite OneWorld is now localized for Nordics-based businesses. With over 730 subsidiaries and legal entities of global companies already running businesses in Sweden, Norway, Denmark and Finland, the new localized OneWorld offering will bring more global cloud ERP capabilities for the region. Nordic companies will benefit from the combination of NetSuite’s increased product investment and Oracle’s localization capabilities.


Fast Growing, Innovative Customers Get ‘Next Ready’ with NetSuite

NetSuite announced that startups, fast growing businesses and leaders in their industry such as Ring, PODS, Blue Microphone, Smartsheet, BUILT/, Bankrate and Prophet, spanning manufacturing, logistics, software, publishing and consulting, have turned to NetSuite to ready their companies for what’s next.

Ring Dials NetSuite to Fuel Growth
Ring, a leader in outdoor home security, has implemented NetSuite to fuel its rapid growth, which took it from startup to 1,000 team members in less than three years. Ring is using NetSuite for financial management and reporting with plans to significantly extend the NetSuite platform to other areas of the business as it continues to extend its business model beyond doorbells, to services and subscriptions. With NetSuite, Ring has gained efficiencies and real-time visibility with a unified platform that is next ready. NetSuite enables Ring to grow, scale and adapt its business model as Ring’s business expands and evolves.


PODS Turns to NetSuite SuiteSuccess to Expand Global Operations
PODS Enterprises, LLC, the leading provider of portable container-based moving and storage solutions, chose NetSuite SuiteSuccess to support its business expansion. PODS will be using NetSuite to manage mission-critical business processes including financials, inventory management, multi-subsidiary management for 16 subsidiaries and multi-currency management for the U.S., Canadian and Australian dollars. SuiteSuccess is the culmination of a multi-year transformation effort to combine the NetSuite unified suite, 20 years of industry leading practices, a new customer engagement model and business optimization methods into a unified, industry cloud solution. SuiteSuccess is NetSuite’s new purpose-built, unified cloud solution tailored for each industry.


Blue Microphones Turns Up the Volume with NetSuite
Blue Microphones, a leading designer and producer of premium microphones and sound recording equipment for audio professionals, musicians and consumers, has gained vital business agility with NetSuite's unified cloud business management system. NetSuite allows Blue Microphones to focus on product innovation, scale into new markets, and challenge larger rivals in the competitive recording industry. To ensure agility for innovation and growth, the company replaced QuickBooks Enterprise with NetSuite to manage its end-to-end business operations including financials, fixed assets, demand planning, inventory management, bill of materials, work orders and assemblies, warehouse management, CRM, HR and multi-currency transactions in the Canadian dollar and Euro.


Smartsheet Realizes the Power of Unified Billing and Revenue Recognition with NetSuite
Smartsheet, a leading provider of SaaS-based solutions for managing and automating collaborative work, has implemented NetSuite OneWorld to manage rapid growth. Smartsheet is leveraging NetSuite OneWorld to manage mission critical business processes including financials, billing, revenue recognition, analytics and multi-currency transactions in the Euro, Yen, Pound and U.S., Australian and Canadian dollars. With NetSuite OneWorld, Smartsheet has a platform that is ready for next and provides the foundation to scale the business. As Smartsheet has evolved its business model, NetSuite’s SuiteBilling software is helping the company to manage recurring revenue processes from order to billing and revenue recognition with complete control and auditability for its software subscription business.


BUILT/ Launches Innovative Omnichannel Company on the NetSuite Unified Cloud Commerce Platform
BUILT/, a new company supported by a leading UK-based organization in the construction sector, has selected NetSuite's unified cloud commerce platform to support its omnichannel B2B business. Officially unveiled today at SuiteWorld, BUILT/ aims to make it quicker and easier for professional builders to source materials for their projects, placing a greater focus on providing a superior brand experience with a digital-first approach designed around the customer. Offering both online and brick-and-mortar channels, BUILT/ will run its entire business on the NetSuite unified cloud commerce platform including ecommerce, point-of-sale, order and inventory management, CRM and financials. With NetSuite, BUILT/ will have a flexible, scalable platform that can help manage the business through every stage of its growth.


Prophet Implements NetSuite OneWorld to Accelerate Global Growth
Prophet, a leading global consulting firm, has implemented NetSuite OneWorld for ERP and Professional Services Automation (PSA). Since going live on NetSuite OneWorld in October 2016, Prophet has gained a unified view of financial, resource management and project management processes that have streamlined operations across nine global offices operating in the U.S., U.K., Germany, Switzerland and Hong Kong, creating efficiencies across the entire organization.


Bankrate Overhauls Multiple On-premise Systems with NetSuite OneWorld
Bankrate, Inc., a leading online publisher, aggregator and distributor of personal finance content, has replaced multiple on-premise financial systems including Sage ACCPAC, QuickBooks and numerous Excel spreadsheets with one single instance of NetSuite OneWorld in less than three months. Bankrate runs its mission-critical business processes on NetSuite OneWorld, including accounting, financials, fixed asset management, revenue recognition, multi-currency management and multi-subsidiary management for three subsidiaries — Bankrate.com, CreditCards.com and Caring.com. With NetSuite OneWorld, Bankrate now has a better understanding of its financial health and has been able to reduce monthly close times while accelerating growth without adding more headcount.

About Oracle NetSuite Global Business Unit

Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Bankrate Overhauls Multiple On-premise Systems with NetSuite OneWorld

Thu, 2017-04-27 11:15
Press Release
Bankrate Overhauls Multiple On-premise Systems with NetSuite OneWorld Replaces Sage ACCPAC and QuickBooks to Improve Controls, Financial Consolidation, and Recognition of Complex Revenue Models

SuiteWorld 2017, Las Vegas, Nev.—Apr 27, 2017

Oracle NetSuite Global Business Unit (GBU), the industry's leading provider of cloud financials / ERP, HR and omnichannel commerce software suites, today announced that Bankrate, Inc., a leading online publisher, aggregator and distributor of personal finance content, has replaced multiple on-premise financial systems including Sage ACCPAC, QuickBooks and numerous Excel spreadsheets with one single instance of NetSuite OneWorld in less than three months. Bankrate runs its mission-critical business processes on NetSuite OneWorld, including accounting, financials, fixed asset management, revenue recognition, multi-currency management and multi-subsidiary management for three subsidiaries—Bankrate.com, CreditCards.com and Caring.com. With NetSuite OneWorld, Bankrate now has a better understanding of its financial health and has been able to reduce monthly close times while accelerating growth without adding more headcount.

Founded in 1976 as a traditional print media company specializing in financial information, Bankrate has transformed over the past 40 years into a market leading digital publisher and online destination. When a new financial team took over, one of their top priorities was to replace the company's outdated manual processes and inefficiencies with automated, robust financial controls. Bankrate also wanted to take the opportunity to standardize on a modern, flexible and scalable cloud platform. After considering multiple solutions, Bankrate selected NetSuite OneWorld for the agility, scalability and flexibility needed to fuel its business growth.

"NetSuite OneWorld has the flexibility to let us build financial controls over the way we do business, instead of trying to mold our processes to inflexible software," said Eric Luehmann, Bankrate's Senior Director of Financial Systems. "We're not bound to the system or how a software vendor wants to do things—the system conforms to the way we want to run Bankrate."

Bankrate is now a social media publisher as well as a traditional website operator. Tracking revenue and conversions through more complex relationships with advertisers and visitors is important to future success. The company has much greater drill-down insights from invoices and transactional reports than with its previous ERP system.

"NetSuite OneWorld gives us the velocity to make changes more quickly as the business landscape changes, without expensive professional services engagements," Luehmann said.

NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and transactions in more than 200 countries. NetSuite delivers the following features and benefits to Bankrate:

  • Real-time global financial consolidation. NetSuite OneWorld provides Bankrate with a scalable, low-maintenance way to enable financial consistency across its numerous media brands, sites, and destinations through a single financial system of record that provides real-time visibility into financial performance.
  • Data-driven decisions. With a unified platform, Bankrate has real-time access to a single source of data across its entire enterprise to make better informed decisions and capitalize on new and existing business opportunities.
  • Native cloud solution. Version lock, painful upgrades and maintaining on-premise systems are now a thing of the past.
  • Rapid implementation and time to value. Implementing the first stage of NetSuite OneWorld in less than three months helped Bankrate improve its financial control structures and future-proof its business rapidly.
  • Real-time business visibility and business intelligence. With NetSuite, Bankrate gains real-time insights into key business performance indicators for a unified view across its head office and subsidiaries with a single version of truth.
  • A flexible and agile platform. The NetSuite SuiteCloud Platform easily enables Bankrate to customize NetSuite to meet its business requirements and needs, and to integrate with other systems. As Bankrate continues the evolution that has already taken it from a media publisher focused on mortgages and deposits into the additional verticals of credit cards and senior living, NetSuite OneWorld's flexibility is essential to staying current in a rapidly changing digital media landscape.
  • A scalable system. NetSuite's scalable infrastructure enables Bankrate to easily expand to support growing business volumes across new website launches and acquisitions without incurring significant incremental expenses.

Bankrate CFO Steve Barnhart is sharing Bankrate's story at SuiteWorld 2017, the number one cloud ERP event of the year, this year being held in Las Vegas from April 24-27. Watch him and all SuiteWorld 2017 keynotes live here.

About Oracle NetSuite Global Business Unit

Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Prophet Implements NetSuite OneWorld to Accelerate Global Growth

Thu, 2017-04-27 11:00
Press Release
Prophet Implements NetSuite OneWorld to Accelerate Global Growth Global consultancy streamlines operations, gains agility and scalability with NetSuite's unified ERP and PSA

SuiteWorld 2017, Las Vegas, Nev.—Apr 27, 2017

Oracle NetSuite Global Business Unit (GBU), the industry's leading provider of cloud financials / ERP, HR and omnichannel commerce software suites, today announced that Prophet, a leading global consulting firm, has implemented NetSuite OneWorld for ERP and Professional Services Automation (PSA). Since going live on NetSuite OneWorld in October 2016, Prophet has gained a unified view of financial, resource management and project management processes that have streamlined operations across nine global offices operating in the U.S., U.K., Germany, Switzerland and Hong Kong, creating efficiencies across the entire organization.

San Francisco, Calif.-based Prophet brings together thought leaders and top talent from across the globe to grow better brands and businesses. As demand for Prophet's consulting services skyrocketed, the combination of legacy software from acquisitions and manual processes used to manage the business was anything but seamless, which hindered efficiency gains and scalability for growth. Hundreds of internal employees and consultants based around the globe submitted time and expenses in different currencies and disparate systems. Project management was conducted manually through its intranet, and a decades-old Sage system was used to manage financial processes and required manual intervention to do everything from basic reporting to month-end close.

Prophet needed a flexible infrastructure that could scale to accommodate its rapid growth.

After a comprehensive evaluation of solutions that promised streamlined management of ERP and PSA processes, Prophet selected NetSuite OneWorld for its robust international functionality and scalability, coupled with automated, integrated resource and project management capabilities.

"Resource management is a key driver and strategic advantage for our business," said Jeani Vance, CIO of Prophet. "Other large-scale competitors couldn't meet all of our needs the way that NetSuite can."

NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries; customer transactions in more than 200 countries; and enables businesses to streamline their mission-critical business processes.

In just six months since go-live, Prophet has realized efficiencies with the following features and benefits including:

Streamlined financial consolidation and month-end close. NetSuite OneWorld's robust financial consolidation engine and multi-currency support eases month-end close across five different offices in the United States, as well as offices in London, Berlin, Zürich and Hong Kong. This includes support for transactions in the U.S. dollar, British Pound, Swiss Franc and Hong Kong dollar. NetSuite OneWorld not only provides Prophet control over month-end close, it has expedited the process by upwards of a week.

Increased spend control. With integrated, automated expense and time reporting, expenses hit budget owners in real-time, ensuring streamlined approval and payment processes, and protection against freelance overspend and budgeting overages at month-end.  

Enhanced project management capabilities. Real-time reporting on key project metrics allows managers to see everything from progress to profitability that help streamline project management and empower leaders to make insight-driven decisions on resources used, client profitability and more.

International scalability facilitates growth. Robust multi-language and multi-currency functionality in NetSuite OneWorld allows Prophet to quickly provision software for international offices, and accelerate its global strategy.

A flexible and powerful development platform. NetSuite's SuiteCloud Development Platform provides flexibility for Prophet to tailor the system and integrate with other third-party solutions to meet its unique business needs and industry-specific requirements. Prophet has plans to extend the NetSuite implementation to include advanced forecasting capabilities.

"Prophet's value proposition is to help our clients find better ways to grow," said Vance. "With NetSuite, we have a backend technology foundation that allows us to do just that."

Jeani Vance is sharing Prophet's story at SuiteWorld 2017, the number one cloud ERP event of the year, this year being held in Las Vegas from April 24-27. Watch her and all SuiteWorld 2017 keynotes live here

About Prophet

Prophet is a consultancy that helps clients find better ways to grow by focusing on three important areas: creating relevant brand and customer experiences, driving accelerated growth strategies and leveraging digital as a transformative force in their business. We operate differently than other consultancies, blending insight, strategy and creativity with an optimistic yet pragmatic approach. We have partnered with some of the world's most successful companies, including Electrolux, T-Mobile, UBS, Gatorade and GE. With nine global offices and more than 350 experts in marketing, innovation, digital and design, we are able to bring together the right people with the right experience to solve our clients' business challenges. Prophet.com

About Oracle NetSuite Global Business Unit

Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

BUILT/ Launches Innovative Omnichannel Company on the NetSuite Unified Cloud Commerce Platform

Wed, 2017-04-26 11:30
Press Release
BUILT/ Launches Innovative Omnichannel Company on the NetSuite Unified Cloud Commerce Platform UK business to transform the customer experience for professional builders and tradespeople

SuiteWorld 2017, Las Vegas, Nev.—Apr 26, 2017

Oracle NetSuite Global Business Unit (GBU), the industry's leading provider of cloud financials / ERP, HR and omnichannel commerce software suites and a wholly-owned subsidiary of Oracle, today announced that BUILT/, a new company supported by a leading UK based organization in the sector, has selected NetSuite’s unified cloud commerce platform to support its omnichannel B2B business.

Officially unveiled today at SuiteWorld, BUILT/ aims to make it quicker and easier for professional builders to source materials for their projects, placing a greater focus on providing a superior brand experience with a digital-first approach designed around the customer. Offering both online and brick-and-mortar channels, BUILT/ will run its entire business on the NetSuite unified cloud commerce platform including ecommerce, point-of-sale, order and inventory management, CRM and financials. With NetSuite, BUILT/ will have a flexible, scalable platform that can help manage the business through every stage of its growth.

“We wanted a single, flexible platform that avoided silos of information and had the flexibility to change as the business evolved,” said Nick Thomas, CEO of BUILT/. “When evaluating options, it was clear that only NetSuite would be able to support our approach of ‘start small, grow fast’.”

Meeting the needs of small and midsize builders who source materials on a project-by-project basis, BUILT/’s mobile-optimized webstore, powered by NetSuite SuiteCommerce Advanced, will allow materials to be sourced more easily and builders will be able to order materials and have them shipped to the project site or collected in store.

Further unifying the online and in-store experience, a project product list can be created online. The customer can visit a local store and have a sales associate access their saved project list utilizing the NetSuite SuiteCommerce InStore point-of-sale (POS) system and work with them to finalize the list and complete the purchase in store. Products that a builder finds in store, but is not ready to purchase, can be added to their ecommerce cart or list and transacted later online or during another store visit.

With SuiteCommerce Advanced and SuiteCommerce InStore, which are natively unified with NetSuite’s order and inventory management system, real-time product availability can be shown online. Store associates will have visibility into inventory anywhere in the business, enabling them to fulfill orders from any inventory location be it a store, distribution center or even drop ship from a supplier.  

“Our mission is to make the entire purchasing experience as painless and efficient as possible. Greater convenience and ease of doing business rank among our customers’ top priorities. With NetSuite, we intend to ensure we support these customer expectations,” said Thomas.

NetSuite’s unified commerce platform will deliver the following benefits to BUILT/:

  • More than online purchasing. In addition to providing a great online purchasing experience with SuiteCommerce Advanced, builders can set up an online account that will allow them to get their purchase history, check their account balance, pay invoices online and more.
  • Modern POS system. With full POS capabilities for conducting complex transactions, SuiteCommerce InStore also enables store associates to better engage with customers by empowering them with full access to customer, order and inventory information.
  • Single customer view.  All customer information is captured in a single repository, providing a 360-degree view of all customer activity, including purchases, returns, exchanges, store visits, service requests and marketing campaigns.
  • Built-in business intelligence. BUILT/ will have real-time access to its business performance across customer, order and inventory data for better decision making, and advanced reporting to provide detailed financial reports to its parent company.
  • Streamlined IT with low cost and complexity. NetSuite's proven, secure cloud solution eliminates the hassles of managing, maintaining and upgrading business applications while allowing the company to quickly and easily set up new outlets as the company grows.
  • A scalable platform that can grow with the company. NetSuite provides a highly scalable platform for growth, with the ability to quickly and easily add functionality as BUILT/ opens new stores and expands across the UK.
About Oracle NetSuite Global Business Unit

Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

NetSuite Announces OneWorld for Nordics-headquartered Companies

Wed, 2017-04-26 11:15
Press Release
NetSuite Announces OneWorld for Nordics-headquartered Companies Localized and Designed to Meet Business Requirements, Regulatory and Tax Compliance

SuiteWorld 2017, Las Vegas, Nev.—Apr 26, 2017

Oracle NetSuite Global Business Unit (GBU), one of the industry's leading provider of cloud financials / ERP, HR and omnichannel commerce software suites, today announced NetSuite OneWorld for Nordics-headquartered businesses. NetSuite OneWorld is now localized for Nordics-based businesses. With over 730 subsidiaries and legal entities of global companies already running businesses in Sweden, Norway, Denmark and Finland, the new localized OneWorld offering will bring more global cloud ERP capabilities for the region. Nordic companies will benefit from the combination of NetSuite’s increased product investment and Oracle’s localization capabilities.

“NetSuite’s commitment to the Nordic region was a compelling factor in our decision to go with NetSuite OneWorld,” said Tomi Holmberg, Director Sales Operations at Napa Ltd., a Helsinki-based company providing software solutions and services for the maritime industry. “We’re eager to learn more on the new and existing features of NetSuite to further improve our internal end-to-end process. I’m looking forward to meeting NetSuite professional personnel as well as other NetSuite users from different companies to have fruitful discussions on how we can utilize this great system to its full extent.”

“NetSuite is already providing Nordic businesses with one of the industry’s leading cloud ERP and these country-specific capabilities are a signal of our continued commitment to the success of companies headquartered in the region and across Europe,” said Craig Sullivan, Group Vice President of Product Development for NetSuite. “NetSuite OneWorld delivers the local tax, currency and accounting support to help Nordic companies continue to drive growth, expand and prepare for whatever comes next.”

NetSuite OneWorld, a Game-Changer for Nordic Businesses

NetSuite OneWorld provides a unified and cloud-based suite of software that is flexible enough to meet the needs of diverse business models, legal structures and geographies. NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and customer transactions in more than 200 countries.

Further, NetSuite OneWorld delivers omnichannel commerce capabilities to enable both B2B and B2C businesses to move from siloed online, in-store and call center shopping channels to an integrated commerce solution. Connecting ecommerce to order management, inventory, merchandising, marketing, financials and customer service gives NetSuite users the seamless brand experience needed to exceed customer expectations across the business.

NetSuite OneWorld for Nordics-Headquartered Companies Delivers:

Multi-subsidiary management. NetSuite OneWorld’s support for businesses with multiple subsidiaries, business units and legal entities, provides real-time access to subsidiary and parent operational data through detailed reports that can drill down to specific country-level data.

Global currency and accounting. NetSuite OneWorld offers easy configuration to support International Financial Reporting Standards (IFRS), local Generally Accepted Accounting Practices (GAAP) and legal requirements, flexible revenue recognition rules, depreciation and costing methods to help meet local norms and support for more than 190 currencies, including the ISO standard currencies with automated feeds to maintain exchange rates between currencies from a choice of providers.

Comprehensive tax compliance. By providing triangulation reporting for business engagements that span three countries, Intracommunity Sales and Purchase reporting, Intrastat declarations and Tax Audit File generation in various formats, including SAF-T, NetSuite OneWorld bridges the gap between traditional ERP and external tax engines and provides seamless access to key data required to satisfy those tax authorities.

Country-specific indirect tax support. NetSuite OneWorld supports the Nordics’ indirect VAT reports, including Skatt (DK), Skatteverket (SE), VERO Skatt (FI) and Skatteetaten (NO), along with other regional and global variants of Value-Added Tax, Sales Tax and Withholding Tax. It can be easily configured to calculate, track and report on the indirect tax obligations of businesses regardless of country, which can materially simplify tax management, tax compliance, filing, and audit accountability. Within the EU, NetSuite Global Tax also handles triangulation reporting requirements for business engagements that span three countries or more. It also supports Mini-One-Stop-Shop (MOSS) tax calculation and reporting obligations for companies delivering electronic services to European customers.

Local bank and payment support. NetSuite OneWorld offers a highly configurable payment solution with more than 90 predefined bank formats and a payment partner program that offers strong coverage for credit card, debit card and alternative payment methods in the region.

Local language support. NetSuite OneWorld supports 20 languages including Danish, Swedish, Finnish and Norwegian for the Nordics. Further, NetSuite OneWorld enables businesses to trade with customers, suppliers and partners anywhere in the world in the language of their choice while meeting local compliance standards and cultural expectations through easily customizable forms.

Cloud-based architecture. NetSuite OneWorld frees businesses from the hassles and expenses of managing on-premise software and associated hardware with a system able to be available anywhere at any time with an internet connection with mobile access from iPhone and Android devices with optimized screens to enable on-the-move executives and field staff.

Robust development platform. The SuiteCloud development platform enables businesses in the region to customize the software to their specific needs and integrate with third-party applications. NetSuite’s SuiteCloud Development Network provides a vibrant partner ecosystem that has strong regional and vertical industry partners with domain expertise and knowledge.

For Nordics-Headquartered Companies, NetSuite OneWorld can deliver country-specific features and functionality such as:

  • Global currency and accounting
  • Country-specific indirect tax support
  • Local language support in Danish, Swedish, Finnish and Norwegian
  • Robust development platform with a vibrant partner ecosystem that has strong regional and vertical industry partners with domain expertise and local knowledge such Staria Oyj and Accountor Enterprise.

For Denmark-Headquartered Companies, NetSuite OneWorld can deliver country-specific features and functionality such as:

  • Global currency and accounting
  • Country-specific indirect tax support
  • Flexible reporting engine that provides country-specific reporting
  • Local bank and payment support
  • Local language support
  • Robust Development Platform

For Sweden-Headquartered Companies, NetSuite OneWorld can deliver country-specific features and functionality such as:

  • Global currency and accounting
  • Country-specific indirect tax support
  • Local language support
  • Flexible reporting engine that supports country-specific reporting
  • SIE compliance and local payment processing for Bankgiro, Plusgiro, and SEPA
  • Swedish invoice layout
  • Robust Development Platform

For Norway-Headquartered Companies, NetSuite OneWorld can deliver country-specific features and functionality such as:

  • Global currency and accounting
  • Country-specific indirect tax support
  • Local language support
  • Flexible reporting engine that supports country-specific reporting
  • Robust Development Platform

For Finland-Headquartered Companies, NetSuite OneWorld can deliver country-specific features and functionality such as:

  • Global currency and accounting
  • Country-specific indirect tax support
  • Local language support
  • FAS reporting
  • Payroll integration
  • E-invoicing / Finnish invoice layout
  • Banking integration including Finnish invoice numbering and SEPA payment format
  • Robust Development Platform 
About Oracle NetSuite Global Business Unit

Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

NetSuite Unveils Major Global ERP Enhancements

Wed, 2017-04-26 11:00
Press Release
NetSuite Unveils Major Global ERP Enhancements New Functionality Spans Global Financials, Revenue Recognition, Billing, SRP, SCM and GRC to Empower Companies Ready for Next

SuiteWorld 2017, Las Vegas, Nev.—Apr 26, 2017

Oracle NetSuite Global Business Unit (GBU), the industry's leading provider of cloud financials / ERP, HR and omnichannel commerce software suites, today announced the new release of major global ERP features. These new cloud ERP features are designed to ready businesses for next, with a host of enhancements to its core ERP suite. The new functionality spans global financials, revenue recognition, billing, Services Resource Planning (SRP), Supply Chain Management (SCM), and Governance, Risk and Compliance (GRC). These enhancements give NetSuite customers the ability to continue to scale and innovate efficiently.

NetSuite keeps customers ready for next with two major upgrades every year, with customizations that carry forward automatically, giving customers the assurance that they’re always on the latest version of the software.

“For many years, NetSuite has been the clear leader in global cloud financials and ERP. With this release the lead just got bigger,” said Jim McGeever, Executive Vice President of Oracle NetSuite Global Business Unit. “The major investments we have made in product development over the last several years, combined with the incremental Oracle resources, have allowed us to deliver the greatest amount of new financial and ERP features and functionality ever.”

Global Financials: more automation and simplification of complex multi-company and multi-country financials
  • New Intercompany Journal Entry: As NetSuite continues to extend and enhance its best of breed global financials capabilities, NetSuite OneWorld delivers the advanced intercompany journal entry capability which allows accountants more flexibility and control when booking intercompany transactions.
  • GL Impact Locking: NetSuite is introducing new functionality designed to help customers meet the accounting and compliance requirements of many countries around the world. The new functionality also improves support for GRC mandates such as Sarbanes–Oxley (SOX), internal controls, enhanced GL audit numbering, and more visible changes to financial records.
  • FX Revaluation Sustainability: Many companies have changed their operating structures, expanded internationally, and often transact business in multiple global currencies. Enterprises that report financial results in one currency may have branches or subsidiaries operating in different currency environments. Those businesses may, in turn, engage in transactions denominated in currencies different from the operating currency requiring them to meet the local statutory compliance requirements.

Revenue Recognition and Billing: simplifying complexities
  • Next Generation Revenue Management: With new, more onerous revenue recognition regulations due to take effect over the next couple of years, revenue management is already a really big deal. NetSuite's Advanced Revenue Management automates revenue forecasting, allocation, recognition, reclassification, and auditing through a rule-based event handling framework. It is designed to support compliance with the ASC 606 revenue standard. With advanced revenue management you can defer revenue for recognition across future periods according to the rules you configure. It supports fair values based on vendor-specific objective evidence (VSOE), best estimate of selling price (ESP), and third-party evidence providing greater flexibility and transparency in recognizing revenue.
  • Billing Price Books: Allows for multiple pricing schemes to be available for each subscription plan whether it’s by currency or region, or any other dimension critical to the business.

Services Resource Planning: more flexibility, automation for services companies
  • Improved Performance and Ease of Use when Running Charges: Running large numbers of charge transactions can be tedious and time consuming. Improvements in the latest version address many of these problems and improve the entire user experience.
  • Time Rejection Note: Enforces that timesheet approvals provide details as to why a timesheet entry was rejected and what actions the submitter must take to address the errors.
  • Time Threshold Improvements: Adds additional rules to enforce limits for timesheet hour entry and produce fewer errors.
  • Enhancements to Contract Renewals: Flexible contract creation, creating contracts based on status of sales order, flexible start date for renewals, relieve restrictions imposed by the contract, and flexible maintenance and support pricing.
  • Improve Billing Flexibility with Billing Rate Cards: Tailor billing rates per customer and project, consolidate view of billing rates and optimize rate cards across eco-system of customers and projects.

Supply Chain Management: more optimization of complex supply chains
  • In-Transit Accounting Enhancements: The inclusion of in-transit quantities and amounts in the Group Average Cost feature allows customers to have better visibility of their total investment and activity relative to the items they are managing across locations.
  • Enhanced Transfer Order Processing: Inventory managers can now move inventory using intercompany and transfer orders at cost, while warehouse managers can now declare the inventory ownership on the intercompany and transfer orders to change either at time of shipment or receipt.
  • Vendor Dashboard: The new vendor dashboard provides at-a-glance access to any and all information related to your vendors and also allows you to customize the screen – choosing from a variety of standard or custom reports, saved searches, KPI’s, charts, tasks and alerts.
  • New WMS Lite Features: Including fulfillment, receiving, inventory movements and the ability to create flexible cycle count plans that can be reused to speed up count generation process, simple replenishment based on orders, being able to execute picking on RF device without Pick Reports. Users can now enter transactions using different and multiple UOMs. The UOM conversion information and calculations for the transaction will also be visible. A new icon based touch menu interface improves the look and feel of the mobile application.
  • Phantom BOMs: More easily supports complex BOM structures and systems by using phantoms to streamline the engineering process.
  • Edit In-Process Work Orders: Handles the unknowns of manufacturing by making on-the-fly changes to the work order to account for re-work, repair and unexpected situations.

GRC: more GRC controls
  • Enhanced 2FA: All users with non-customer center roles are able to use time-based one-time password (TOTP) Authenticator applications as their second factor to log in to NetSuite. Examples include Google Authenticator, Microsoft Authenticator (Both on Screen), Okta Verify, Duo Mobile, Authy or any other authenticator app that supports the TOTP algorithm defined by IETF RFC 6238.
  • Detailed Audit Trails for Script and Script Deployment: This enhancement gives development teams, account administrators and auditors granular and detailed visibility into changes to these records, by whom and when. As with other system notes in NetSuite, this is also a searchable audit trail.

“We’re repeatedly amazed with the features NetSuite continues to add to the product and their commitment to ongoing development,” said John Gardiner, President and CFO at DiscoverOrg, a leading sales intelligence software provider. “The latest enhancements to billing and revenue recognition are going to have a big impact on our business and our bottom line.”

About Oracle NetSuite Global Business Unit

Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Oracle Introduces a Smarter Approach to Customer Experience Management

Wed, 2017-04-26 07:30
Press Release
Oracle Introduces a Smarter Approach to Customer Experience Management Chatbots, artificial intelligence and enhanced mobile, video and messaging capabilities empower customer experience professionals to transform existing business processes

Modern Customer Experience 2017, Las Vegas, Nev.—Apr 26, 2017

Oracle today announced a series of new innovations within the Oracle Customer Experience (CX) Cloud Suite. By combining innovative new technologies such as chatbots and artificial intelligence with enhanced mobile, video and messaging capabilities, the latest updates to Oracle CX Cloud Suite enable commerce, marketing, sales and service professionals to reduce IT complexity, provide innovative customer experiences and deliver tangible business results.

Digital technologies have fundamentally changed how customers interact with brands and now a new generation of innovations, such as artificial intelligence and the Internet of Things (IoT), are reaching the mainstream. With the latest enhancements to the Oracle CX Cloud Suite, Oracle empowers customer experience professionals to take a smarter approach to managing digital business transformation. The latest enhancements include updates to commerce, marketing, sales and service applications within the Oracle CX Cloud Suite.

Chatbot Innovations

Innovative chatbot capabilities enable new customer experiences by asking and intelligently answering customer questions on both text and voice-driven platforms such as Facebook Messenger and Amazon Alexa. Marketing professionals can take advantage of chatbot capabilities for their cross-channel marketing in order to enhance larger, marketer-orchestrated customer journeys. Service professionals can benefit from the conversational style of a new Virtual Assistant to provide differentiated customer self-service experiences, as well as to improve response and resolution times across chat and messaging channels. Sales professionals can leverage a new Virtual Assistant that improves sales productivity by acting as a mobile, voice-driven assistant that automates common sales tasks such as account search, transaction creation and updates.  

Artificial Intelligence Innovations

New artificial intelligence based customer experience apps empower commerce, marketing, sales and service professionals to deliver smarter experiences across the customer lifecycle. The new Adaptive Intelligent Apps for CX uniquely blend first-party and third-party customer data with sophisticated decision science and machine learning, to help organizations optimize customer experiences and business outcomes.

Adaptive Intelligent Apps for CX embed within existing Oracle CX Cloud Suite commerce, marketing, sales and service applications. This ensures that business professionals are able to achieve immediate impact and value. For further details, see Adaptive Intelligent Apps for CX announcement.

Mobile, Video and Social Messaging Innovations

Enhanced mobile, video and social messaging capabilities help customer experience professionals transform existing business processes to meet the increasing expectations of empowered customers. New video and social messaging capabilities for service professionals power next-generation customer service strategies by enabling customer service agents to interact with customers across WeChat, Facebook Messenger and video channels. New mobile capabilities for sales professionals maximize productivity for sales reps, managers and partners with a voice-activated, task-based and role-based user experience. In addition, sales professionals now have the flexibility to use Windows Surface tablets, as well as iOS and Android devices, and take advantage of full offline capabilities to create and edit sales data without a cellular or Wi-Fi connection.

“These enhancements to the Oracle CX Cloud Suite underscore our commitment to an innovation-driven approach to software development and delivery across our entire platform,” said Rondy Ng, senior vice president, Application Development, Oracle. “By combining new mobile, video and messaging capabilities with the latest innovations in chatbots, artificial intelligence and IoT, we are uniquely able to help organizations of all sizes drive innovation and business transformation. We are committed to helping organizations meet the demands of empowered customers for seamless, personalized and immediate experiences today and in the future.”

Part of Oracle Applications Cloud, Oracle CX Cloud Suite empowers organizations to take a smarter approach to customer experience management and business transformation initiatives. By providing a trusted business platform that connects data, experiences and outcomes, Oracle CX Cloud Suite helps customers reduce IT complexity, deliver innovative customer experiences and achieve predictable and tangible business results. The Oracle CX Cloud Suite includes Oracle Marketing Cloud, Oracle Sales Cloud, Oracle CPQ Cloud, Oracle Commerce Cloud, Oracle Service Cloud and Oracle Social Cloud.

Contact Info
Simon Jones
Public Relations for Oracle
+1.415.856.5155
sjones@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Simon Jones

  • +1.415.856.5155

Oracle Empowers Customer Experience Professionals with New Artificial Intelligence Apps

Wed, 2017-04-26 07:05
Press Release
Oracle Empowers Customer Experience Professionals with New Artificial Intelligence Apps Innovative commerce, marketing, sales and service apps enable smarter customer experiences that drive tangible and predictable business results

Modern Customer Experience 2017, Las Vegas, Nev.—Apr 26, 2017

Oracle today announced new artificial intelligence based customer experience apps that empower commerce, marketing, sales and service professionals to deliver smarter experiences across the customer lifecycle in real time. The new Adaptive Intelligent Apps for CX uniquely blend first-party and third-party data with sophisticated decision science and machine learning to deliver the industry’s most powerful AI-based customer experience solutions. Adaptive Intelligent Apps for CX are designed to help enhance existing commerce, marketing, sales and customer service applications within the Oracle CX Cloud Suite.

Adaptive Intelligent Apps are powered by insights from the Oracle Data Cloud, which is the largest data marketplace in the world with a collection of more than 5 billion global consumer and business IDs and more than 7.5 trillion data points collected monthly.

By applying advanced data science and machine learning to Oracle’s web-scale data and an organization’s own data, the new Adaptive Intelligent Apps for CX can have an unprecedented ability to react, learn and adapt in real time based on historical and dynamic customer data such as click-stream and social activity as well as inputs such as weather, lookalike audiences and Internet of Things (IoT) data. The new Adaptive Intelligence Apps for CX helps deliver customized insights that improve with every customer interaction and include innovative apps designed for consumer and B2B professionals.

Adaptive Intelligent Apps for CX deliver immediate impact by embedding within Oracle CX Cloud Suite applications to support customer experience workflows across commerce, marketing, sales and service.

  • Commerce Professionals: New AI-powered capabilities help turn static journeys into smart ones by delivering targeted product and content that is most relevant to the shopper’s immediate context. Recommendations utilize account data, shopper third-party data and real-time inputs to optimize outcomes and create superior consumer experiences for both first time and known shoppers. This drives repeat visits, loyalty and ultimately revenue.
  • Marketing Professionals: New AI-powered capabilities help enable smarter cross-channel experiences by delivering the most relevant, personalized content for each individual customer, at scale. By personalizing engagements in real time across all channels, the new AI capabilities help empower marketers to capture attention, drive engagement and improve conversion.
  • Customer Service Professionals: New AI-powered capabilities help enable smarter and faster resolution of customer issues by providing the best information in the right channel at the right time. By delivering predictive product failure, predictive account health and predictive recommendation capabilities to customer service professionals, customers can receive connected service experiences that ultimately improve customer loyalty and advocacy.
  • Sales Professionals: New AI-powered capabilities help enable smarter sales experiences by optimizing the selling process for sales teams and customers. For customers, the buying process is made more effortless and seamless as the right offer, optimized for the individual customer, is presented digitally or through a sales professional. Sales professionals can improve productivity by following guidance derived from opportunity analysis as well as using account engagement and next-best-action capabilities to accelerate and close more deals.

“Oracle is uniquely placed to deliver on the promise of artificial intelligence based enterprise applications and is delivering on the future of AI driven business applications today,” said Clive Swan, SVP Applications Development, Oracle Adaptive Intelligence. “By combining first and third party data with advanced machine learning and the industry’s most comprehensive cloud applications suite, Oracle provides a complete package that helps eliminate the need for more integrations or other costly and time-consuming processes. This enables our customers to achieve immediate value and take a smarter approach to business transformation.”

Part of Oracle Applications Cloud, Oracle CX Cloud Suite empowers organizations to take a smarter approach to customer experience management and business transformation initiatives. By providing a trusted business platform that connects data, experiences and outcomes, Oracle CX Cloud Suite helps customers reduce IT complexity, deliver innovative customer experiences and achieve predictable and tangible business results. The Oracle CX Cloud Suite includes Oracle Marketing Cloud, Oracle Sales Cloud, Oracle CPQ Cloud, Oracle Commerce Cloud, Oracle Service Cloud and Oracle Social Cloud.

Contact Info
Simon Jones
Public Relations for Oracle
+1.415.856.5155
sjones@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Simon Jones

  • +1.415.856.5155

Oracle Content and Experience Cloud Empowers Organizations to Deliver Modern, Engaging Digital Experiences

Wed, 2017-04-26 07:02
Press Release
Oracle Content and Experience Cloud Empowers Organizations to Deliver Modern, Engaging Digital Experiences New cloud-based content hub drives omni-channel marketing asset management

Modern Marketing Experience, Las Vegas, Nev.—Apr 26, 2017

Oracle today announced Oracle Content and Experience Cloud, a digital experience platform that enables organizations to manage and deliver content to any digital channel to drive effective engagement with customers, partners, and employees. The cloud-based content hub allows organizations to easily create and distribute content in a meaningful way to improve brand engagement and customer growth and retention.

“Organizations are faced with a deluge of content,” said David Le Strat, senior director, product management, Oracle. “Oracle Content and Experience Cloud helps organizations develop, use, and distribute content in a meaningful way to deliver contextualized experiences, improve customer loyalty, and create brand advocates.”

“Renault Italy implemented CRUEL’s WONDER Marketing solution powered by Oracle Content and Experience Cloud in 2015 and 2016 and is now able to distribute marketing materials 90 percent faster and respond to its auto dealers 40 percent faster,” said Antonio Orefice, Business Account Manager, Renault Italia SPA.

Part of the Oracle Cloud Platform, Oracle Content and Experience Cloud delivers a single cloud-native platform for content production, management, and delivery across all lines of business. It provides unique capabilities to support a variety of business needs, from employee and customer engagement, to sales enablement and business development. Key capabilities include:

  • Content Collaboration: Easily collaborate on content internally and with external teams. Discuss, share, and annotate content with mobile access, anywhere, anytime.
  • Centralized Content Hub: Utilize a single content hub to create, share, manage, and publish content to any channel, including business documents, digital assets, user-generated content, and web content.
  • Consistent Omni-Channel Experience: Leverage rich APIs to deliver engaging experiences across any channels and put your business in charge with business-friendly tools.
  • Enhanced Enterprise Applications with Content: Manage content from within your enterprise applications and enhance your application experience.

 “In today’s digital economy, everyone expects to have a seamless experience across channels,” said Melissa Webster, program vice president, content and digital media technologies, IDC. “Enterprises need the ability to unlock content from existing systems, and drive native cloud content production to publish across any channels. This helps organizations deliver consistent omni-channel experiences for their customers and build brand advocates.”

Oracle Content and Experience Cloud is uniquely capable of addressing the needs of both the business user and IT, enabling them to work together to deliver modern, engaging digital experiences (DX). The platform integrates with the Oracle Customer Experience Cloud Suite, an integrated suite of cloud applications that empower organizations to take a smarter approach to customer experience management and business transformation initiatives. The Content and Experience Cloud also integrates with a number of leading Oracle Cloud Platform services, including Oracle Process Cloud, Oracle Mobile Cloud and Oracle Integration Cloud. This forms the most comprehensive and powerful DX platform for managing content operations, data integration, complex workflow management, and mobile and marketing automation capabilities.

Oracle Cloud

Oracle Cloud is the industry’s broadest and most integrated public cloud, offering a complete range of services across SaaS, PaaS, and IaaS. It supports new cloud environments, existing ones, and hybrid, and all workloads, developers, and data. The Oracle Cloud delivers nearly 1,000 SaaS applications and 50 enterprise-class PaaS and IaaS services to customers in more than 195 countries around the world and supports 55 billion transactions each day.

For more information, please visit us at http://cloud.oracle.com.

Contact Info
Nicole Maloney
Oracle
+1.415.235.4033
nicole.maloney@oracle.com
Simon Jones
Public Relations for Oracle
+1.415.856.5145
simon.jones@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation.

Talk to a Press Contact

Nicole Maloney

  • +1.415.235.4033

Simon Jones

  • +1.415.856.5145

Oracle Honors Excellence in Modern Marketing at the 2017 Markie Awards

Wed, 2017-04-26 07:00
Press Release
Oracle Honors Excellence in Modern Marketing at the 2017 Markie Awards Awards recognize creativity, innovation and success in modern marketing

Modern Customer Experience 2017, Las Vegas, Nev.—Apr 26, 2017

To promote best practices and celebrate the accomplishments of modern marketers around the world, Oracle has announced the winners of the 2017 Markie Awards. Now in its 11th year, the Markie Awards recognize the top companies and leaders for creative, innovative, and effective modern marketing campaigns that delivered increased engagement, conversion and ROI. Past winners include notable companies such as Lenovo, Royal Philips, Cisco Systems, Dell, Inc. and Mobovida, LLC.

The 2017 Markie Awards featured 17 categories that reflect the evolving marketing landscape, including: Account-Based Marketing Team of the Year, Best Digital Marketing Ecosystem, Best Integrated Mobile Experience, Best Use of Data, Most Creative Marketing Campaign, and Modern Marketing Leader of the Year.

“The annual Markie Awards are our way to recognize and celebrate heroic marketing and the most prominent modern marketing success stories over the past year,” said Laura Ipsen, senior vice president and general manager, Oracle Marketing Cloud. “This year’s winners have gone above and beyond, fully leveraging the most innovative marketing technologies to create customer-centric campaigns that delivered outstanding results.”

Winners of the 2017 Markie Awards are:

  • Account-Based Marketing Team of the Year: Covance Inc.
  • Best Cross-Channel Marketing Program: Cisco Inc.
  • Best Digital Marketing Ecosystem: Juniper Networks
  • Best Email Marketing Campaign: Jetstar Airways
  • Best Emerging Company Marketing Campaign: National MI
  • Best Integrated Mobile Experience: Mountain America Credit Union
  • Best International Campaign: Tableau Software
  • Best Lead Management Program: Morningstar, Inc.
  • Best Overall Customer Experience: Avon
  • Best Social Campaign: TD Ameritrade Institutional
  • Best Testing and Optimization: Hilton Worldwide
  • Best Use of Data: Calçados Bibi
  • Best Use of Insights & ROI: Deltek
  • Modern Marketing Leader of the Year: Kenya Airways
  • Most Creative Marketing Campaign: Eaton
  • Rapid Transformation: FIS
  • People’s Choice Award – Best Video Submission: Juniper Networks

The 2017 Markie Awards were presented on Tuesday, April 25th, during Modern Customer Experience 2017 Las Vegas, Nevada.

Contact Info
Simon Jones
Public Relations for Oracle
+1.415.856.5155
sjones@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Simon Jones

  • +1.415.856.5155

Oracle Helps Transform Lead Generation with LinkedIn Matched Audiences

Tue, 2017-04-25 12:30
Press Release
Oracle Helps Transform Lead Generation with LinkedIn Matched Audiences Product integration between Oracle Marketing Cloud and LinkedIn Campaign Manager enables marketers to generate high-quality leads at scale, increase conversion rates and accelerate sales.

Modern Customer Experience 2017, Las Vegas —Apr 25, 2017

To help marketers generate high-quality leads at scale and maximize the ROI of lead generation campaigns, Oracle today announced a new product integration between Oracle Marketing Cloud and LinkedIn Campaign Manager - a new targeting capability within LinkedIn’s recently announced product, Matched Audiences. This new product integration enables Oracle Marketing Cloud customers to seamlessly integrate data from more than 467 million LinkedIn users into existing marketing campaigns to reach and engage their ideal buyers on the world’s largest professional social network.

Marketers need to be able to deliver personalized experiences at scale in order to increase conversion rates and accelerate sales. With the new product integration between Oracle Eloqua, part of the Oracle Marketing Cloud, and LinkedIn Campaign Manager, marketers now have the power to seamlessly nurture leads using LinkedIn Matched Audiences. The product integration enables marketers to personalize and orchestrate campaigns across multiple channels including email, websites and digital ads in order to engage the right audience at the right time in the buyer’s journey.

“At LinkedIn, we strive to equip B2B marketers with the tools and insights that they need to reach the audiences that matter most to their business,” said Russ Glass, vice president of product, LinkedIn Marketing Solutions. “Matched Audiences gets us closer to that goal by enabling us to give marketers custom ways to combine LinkedIn’s powerful professional data with their own first-party data. Our product integration with Oracle was key to helping make that happen for Oracle Eloqua customers.”

This integration also empowers marketers to enhance their Account Based Marketing (ABM) strategies. Marketers can leverage the powerful insights delivered by the new integration to help convert unknown prospects into known buyers, retarget buyers with relevant digital ads, and enrich buyer profiles and optimize digital ad spend on LinkedIn. This enables marketers to increase conversion rates and accelerate sales.

“We are focused on empowering marketers with the data they need to inform, measure and maximize the impact of marketing campaigns,” said Laura Ipsen, general manager and senior vice president, Oracle Marketing Cloud. “LinkedIn is the world’s largest professional network and by enabling marketers to seamlessly integrate data from more than 467 million LinkedIn users we are able to provide powerful customer insights that can transform lead generation campaigns. The new product integration between Oracle Eloqua and LinkedIn Campaign Manager can ultimately help marketers enhance the customer experience and increase revenues.” 

Oracle Marketing Cloud is part of Oracle CX Cloud Suite. Oracle CX Cloud Suite empowers organizations to take a smarter approach to customer experience management and business transformation initiatives. By providing a trusted business platform that connects data, experiences and outcomes, Oracle CX Cloud Suite helps customers reduce IT complexity, deliver innovative customer experiences and achieve predictable and tangible business results. The Oracle CX Cloud Suite includes Oracle Commerce Cloud, Oracle Marketing Cloud, Oracle Sales Cloud and Oracle Service Cloud.

Contact Info
Simon Jones
Public Relations for Oracle
+1.415.856.5155
sjones@blancandotus.com
About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Simon Jones

  • +1.415.856.5155

Blue Microphones Turns Up the Volume with NetSuite

Tue, 2017-04-25 12:30
Press Release
Blue Microphones Turns Up the Volume with NetSuite Microphone Maker Gains Vital Business Agility for Innovation and Growth

SUITEWORLD 2017, LAS VEGAS, Nev.—Apr 25, 2017

Oracle NetSuite Global Business Unit (GBU), the industry’s leading provider of cloud financials / ERP, HR and omnichannel commerce software suites, today announced that Blue Microphones (www.bluemic.com), a leading designer and producer of premium microphones and sound recording equipment for audio professionals, musicians and consumers, has gained vital business agility with NetSuite’s unified cloud business management system. NetSuite allows Blue Microphones to focus on product innovation, scale into new markets, and challenge larger rivals in the competitive recording industry. To ensure agility for innovation and growth, the company replaced QuickBooks Enterprise with NetSuite to manage its end-to-end business operations including financials, fixed assets, demand planning, inventory management, bill of materials, work orders and assemblies, warehouse management, CRM, HR, and multi-currency transactions in the Canadian dollar and Euro. After a rapid three-month implementation, the company went live on NetSuite in July 2014.

Headquartered in Westlake, Calif., Blue Microphones was founded in 1995 by an American jazz musician and a recording engineer who designed high-quality studio microphones and pioneered the digital USB microphone – microphones that plug directly into a computer. Beginning in 2004, the company saw significant growth thanks to its Snowball, a USB mic built for use with Apple’s GarageBand recording software, and continued to develop a range of USB mics made vastly successful by the explosion of user generated content. Since then, Blue Microphones has continued to design and manufacture a full range of studio microphones, the world’s #1 USB mic line, and recently launched a lineup of premium headphones.

With 30 to 35 percent annual growth, the company was quickly realizing it needed new functionality its existing system couldn’t provide, including: multicurrency transactions; anywhere, anytime access to business data across the globe; integration with marketing and engineering systems for better collaboration; and integration to its shipping software.

“Replacing our entry-level accounting system with a unified cloud-based business management suite has made a huge difference in our business and has us well positioned for our next stage of growth,” said Bart Thielen, CFO and COO of Blue Microphones. “With NetSuite, we’re able to scale the business very quickly and our visibility is tremendously improved. We now have strong financial controls and a solid infrastructure with great agility to respond rapidly to changing market conditions.”

Leveraging the NetSuite SuiteCloud Development Platform, Blue Microphones was able to customize the NetSuite system to meet its business needs and industry specific requirements. The company was also able to integrate the Pacejet Enterprise Shipping Software with NetSuite seamlessly, allowing it to better manage millions of freight quotes and shipments with reduced costs and improved efficiency. Bidirectional EDI interface powered by the NetSuite SuiteCloud Development Platform enables Electronic Data Interchange to 15 different partners including large retailers like Best Buy, Apple and Amazon; which saves Blue Microphones up to 30 to 40 hours a week of manual order entry and invoicing and enables near 100 percent accuracy.

Blue Microphones’ IT modernization efforts have also attracted the notice of others. Most recently, the company was awarded the prestigious 2016 Manufacturing Leadership (ML) Award in the “Enterprise Leadership" category from Frost and Sullivan’s ML Council. The awards are given to companies and individuals that have undertaken breakthrough projects in manufacturing as determined by an expert panel of judges. Blue Microphones was recognized for its "IT Modernization Project,” which allowed the company to rapidly scale, while giving it the agility to adapt to changing market conditions.

As a result of its implementation of NetSuite, Blue Microphones has realized multiple benefits, including:

  • Improved IT and operational efficiency. As a pure cloud system, NetSuite spares Blue Microphones from the hassles of managing on-premise software and the hardware required to support it, including patches, upgrades and security. As a result of efficiencies gained, Blue Microphones can attribute avoiding the costs of hiring two full-time employees by converting to NetSuite, an annual savings of $80,000.
  • Improved inventory management. Third-party logistics partners in Amsterdam and Hong Kong are now able to access NetSuite through a portal to fulfill orders, improving accuracy and efficiency. Previously, Blue Microphones would scan documents and email them over as PDFs, a labor intensive, error-prone process. Additionally, the company has been able to setup a virtual warehouse for its marketing group, which sequesters key products for product reviews and key influencers like artists and producers.
  • Product improvements. Blue Microphones is now capturing customer feedback in the system, which can be shared directly with engineering and overseas manufacturers to improve the products.
  • Reduced manual entry. Workflow and scripting has saved up to 15 hours a month of manual entry for the sales department.
  • A flexible and powerful development platform. NetSuite’s SuiteCloud Development Platform provides flexibility for Blue Microphones to tailor the system and integrate with other third-party solutions to meet its unique business needs and industry-specific requirements.
  • Improved asset tracking. A new fixed assets interface saves significant time at both monthly and year-end audits. During the course of a year, the company estimates it is saving about 50 hours total.
About Oracle NetSuite Global Business Unit

Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Pods Turns to NetSuite SuiteSuccess to Fuel Its Global Operation

Tue, 2017-04-25 12:15
Press Release
Pods Turns to NetSuite SuiteSuccess to Fuel Its Global Operation SuiteSuccess Engineers Customer Success – Readies PODS for Rapid Global Expansion

LAS VEGAS, Nev. —Apr 25, 2017

Oracle NetSuite Global Business Unit (GBU), the industry's leading provider of cloud financials / ERP, HR and omnichannel commerce software suites, today announced that PODS Enterprises, LLC, the leading provider of portable container-based moving and storage solutions, chose NetSuite SuiteSuccess to support its business expansion. PODS will be using NetSuite to manage mission-critical business processes including financials, inventory management, multi-subsidiary management for 16 subsidiaries and multi-currency management for the U.S., Canadian and Australian dollars. SuiteSuccess is the culmination of a multi-year transformation effort to combine the NetSuite unified suite, 20 years of industry leading practices, a new customer engagement model, and business optimization methods into a unified, industry cloud solution. SuiteSuccess is NetSuite’s new purpose-built, unified cloud solution tailored for each industry. 

“I was amazed how closely NetSuite worked with us to ensure we had good process alignment with the fewest possible gaps,” said Bill Tingle, CIO of PODS. “We need to get a system up and running quickly to meet our strategic objectives and SuiteSuccess seems to fit the bill perfectly.”

PODS transformed the moving business when it invented the concept of portable storage in 1998 and now counts a network of more than 170,000 PODS storage containers and 230 PODS Storage Centers in North America alone. In 2016, leadership reevaluated the business and IT strategy and determined the need to move onto a new software platform to support the company’s growth and development plans moving forward. After a rigorous evaluation process, PODS selected NetSuite OneWorld for its flexible platform, strong partner ecosystem and its commitment to customer success.

“Before we had even made the decision to purchase NetSuite, they had a detailed engagement plan with very specific steps on how we would implement the solution,” said Tingle. “We felt comfortable knowing we wouldn’t be starting from scratch and would have a robust solution with NetSuite’s years of experience baked into the product.”

PODS is using SuiteSuccess to ensure a successful deployment of NetSuite OneWorld across its 16 subsidiaries and a complex franchise model with 230 PODS Storage Centers. NetSuite OneWorld will give PODS a flexible, scalable system for growth. With support for 190 currencies, 20 languages, automated tax compliance in more than 100 countries, and transactions in more than 200 countries.

SuiteSuccess was engineered to solve unique industry challenges that historically have limited a company’s ability to grow, scale and adapt to change. Most ERP vendors have tried to solve the industry solution problem with templates, rapid implementation methodologies, and custom code. NetSuite took a holistic approach to the problem and productized domain knowledge, leading practices, KPI’s, and an agile approach to product adoption. The benefits of this are faster time to value, increased business efficiency, flexibility, and greater customer success.

For more information about SuiteSuccess, please visit:  http://www.netsuite.com/portal/services/suitesuccess.shtml

Other expected features and benefits include:

  • Rapid deployment. Backed by SuiteSuccess, PODS expects to launch NetSuite OneWorld in less than three months, a huge difference from its experience with the previous system that took nearly four years.
  • A powerful development platform. The SuiteCloud development platform provides unprecedented flexibility that enables businesses to tailor the system to meet their unique requirements and industry-specific needs.
  • A robust partner ecosystem. NetSuite’s wide array of partner solutions will allow PODS to extend NetSuite to meet its current and future business needs. PODS plans to leverage NetSuite’s comprehensive partner ecosystem for solutions in warehouse management, Electronic Data Interchange (EDI) integration and financial planning.
  • Centralized order and inventory management. NetSuite OneWorld can provide real-time inventory visibility across the business for better forecasting and optimization of more than 170,000 PODS containers moving throughout North America.
  • Built-in business intelligence. With NetSuite OneWorld, PODS will have real-time insights into key business performance indicators for a unified view of the organization and a single version of truth.
  • A highly scalable system for growth. NetSuite’s scalable infrastructure will enable PODS to easily expand to support growing business volumes.

Bill Tingle is sharing PODS’ story at SuiteWorld 2017, the number one cloud ERP event of the year, this year being held in Las Vegas from April 24-27. Watch all keynotes live here.

About PODS Enterprises, LLC
PODS® is a leader in the moving and storage industry providing both residential and commercial services in 46 U.S. states, Canada, Australia and the UK. Founded in 1998, PODS pioneered the portable moving and storage industry now preferred by many customers’ increasingly active and mobile lifestyles. To date, the PODS network has completed more than 700,000 long-distance moves, exceeded 3 million deliveries and has more than 170,000 PODS containers in service.

About Oracle NetSuite Global Business Unit  
Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world's first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.netsuite.com.
 

Follow Oracle NetSuite Global Business Unit's Cloud blogFacebook page and @NetSuite Twitter handle for real-time updates.

About Oracle
Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Smartsheet Realizes the Power of Unified Billing and Revenue Recognition with NetSuite

Tue, 2017-04-25 12:00
Press Release
Smartsheet Realizes the Power of Unified Billing and Revenue Recognition with NetSuite Enterprise Collaboration Software Leader Can Easily Adapt to Market Changes, New Business Models and New Revenue Recognition Standards

SUITEWORLD 2017, LAS VEGAS, Nev.—Apr 25, 2017

Oracle NetSuite Global Business Unit (GBU), the industry's leading provider of cloud financials / ERP, HR and omnichannel commerce software suites, today announced that Smartsheet, a leading provider of SaaS-based solutions for managing and automating collaborative work, has implemented NetSuite OneWorld to manage rapid growth. Smartsheet is leveraging NetSuite OneWorld to manage mission critical business processes including financials, billing, revenue recognition, analytics and multi-currency transactions in the Euro, yen, Pound and US, Australian and Canadian dollars. With NetSuite OneWorld, Smartsheet has a platform that is ready for next and provides the foundation to scale the business. As Smartsheet has evolved its business model, NetSuite’s SuiteBilling software is helping the company to manage recurring revenue processes from order to billing and revenue recognition with complete control and auditability for its software subscription business.

“Using a hairball of multiple point products, whether on-premise or in the cloud, is always a bad idea. But doing it in your financial system is downright reckless,” said Jason Maynard, SVP of Strategy and Marketing, NetSuite. “Smartsheet is an innovator in collaboration software and knew how to leverage NetSuite innovation to fuel their growth.”

Founded 11 years ago in Bellevue, Wash., Smartsheet began selling collaboration software for individuals and small teams but has grown rapidly as it began selling its product into large enterprises, including 50 percent of the Fortune 500, to help solve large, complex work management and project automation challenges. It has achieved more than 70 percent year-over-year revenue growth for the fifth consecutive year and currently serves more than 68,000 companies and 10 million users across 190 countries. Smartsheet’s prior accounting system couldn’t handle that growth, requiring extensive manual workarounds that were cumbersome and inefficient, including the physical entry of every invoice. Smartsheet knew that it needed a new platform that could manage all its critical business processes in one system while also providing the flexibility to scale rapidly with the company’s growth. After a rigorous evaluation of several applications, Smartsheet chose NetSuite OneWorld for its scalability, revenue recognition and international capabilities.

A key factor in Smartsheet’s decision was SuiteBilling, the industry’s first unified cloud-based order-to-billing-to revenue recognition solution. SuiteBilling enables businesses to adopt any business model from product-based, time- and services-based, through to usage- and subscription-based, or any combination of these without limit. In the future, Smartsheet plans to manage subscriptions for its enterprise customers while providing a self-service model for its smaller customers allowing them to sign up for a trial, pay with a credit card and establish a recurring billing account all from a single system.

“We needed a solution that could support significant growth in our primary segments—enterprise customers as well as SMBs where we leverage a self-service model—each of which has its own unique set of complexities,” said Mark Mader, Smartsheet CEO. “NetSuite was the only solution that offered us the ability to automate both the back office and customer-facing aspects across both these important segments of our business.”

After a four-month implementation, Smartsheet deployed NetSuite OneWorld, which supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and support for customer transactions in more than 190 countries. NetSuite OneWorld supports Smartsheet’s growth by providing:

  • Scalability for growth. NetSuite OneWorld’s single cloud solution allows Smartsheet to quickly and easily; add functionality as the business evolves; quickly add offices as it expands with anywhere, anytime access.
  • Single source of truth. NetSuite’s unified billing and advanced revenue management system, synchronizes complex processes from order to billing to revenue recognition.
  • Real-time visibility. NetSuite OneWorld’s unified platform gives Smartsheet visibility across its operations with one single unified financial system of record, providing users with real-time information right at their fingertips.
  • Improved efficiency. NetSuite has automated numerous processes previously done manually, including processing of thousands of renewals at a time, saving significant time in order entry.
  • Robust customization and integration. NetSuite's SuiteCloud Developer Network (SDN) provides a platform for Smartsheet to customize the system to its specific needs and adapt as its business evolves. Customized business rule logic improves data quality while a planned integration with Salesforce.com will fully automate the quote-to-cash process for sales floor led deals.


Mark Mader will be sharing Smartsheet’s story at SuiteWorld 2017, the number one cloud ERP event of the year, this year being held in Las Vegas from April 24-27. Watch him and all other SuiteWorld 2017 keynotes live here.

About Oracle NetSuite Global Business Unit

Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Ring Dials NetSuite to Fuel Growth

Tue, 2017-04-25 11:45
Press Release
Ring Dials NetSuite to Fuel Growth Outdoor Home Security Innovator Leverages NetSuite to Scale Global Business Operations

SUITEWORLD 2017, LAS VEGAS, Nev.—Apr 25, 2017

Oracle NetSuite Global Business Unit (GBU), the industry's leading provider of cloud financials / ERP, HR and omnichannel commerce software suites, today announced that Ring, a leader in outdoor home security, has implemented NetSuite to fuel its rapid growth, which took it from startup to 1,000 team members in less than three years. Ring is using NetSuite for financial management and reporting with plans to significantly extend the NetSuite platform to other areas of the business as it continues to extend its business model beyond doorbells, to services and subscriptions. With NetSuite, Ring has gained efficiencies and real-time visibility with a unified platform that is next ready. NetSuite enables Ring to grow, scale and adapt its business model as Ring’s business expands and evolves.

With a mission to reduce crime in neighborhoods, Ring has revolutionized outdoor home security by building smart doorbells and outdoor cameras designed to proactively monitor your home. Initially founded as DoorBot, Ring got a significant boost when CEO and Chief Inventor Jamie Siminoff appeared on ABC’s “Shark Tank” with the smart doorbell in September 2013. It has since expanded its product line and is building a “Ring of Security” around your home with data services and digital neighborhood watches. Additionally, Ring has received $209 million in investment, reached over 1,000,000 users and has expanded its footprint in retail and is now available in over 15,000 stores globally. Initially, Ring relied on an outsourced accounting firm for basic general ledger and journal entries, to manage its financial processes with reporting done in Excel and online spreadsheets. Understanding that the company’s growth trajectory demanded more comprehensive solution, Ring evaluated several software packages on the market including Microsoft Dynamics, before selecting NetSuite.

“When you grow as fast as we’ve grown, one of the biggest challenges is breaking older systems and having to move to new things,” said Siminoff. “NetSuite gives us a platform that allows us to grow from zero to infinity. It takes away those concerns and means resources can be directed to sales and business development.”

“We are honored to partner with a mission-driven business like Ring as they transform communities and help make neighborhoods safer,” said Jason Maynard, SVP of Strategy and Marketing, Oracle NetSuite GBU. “Empowering entrepreneurial companies to scale and achieve their vision is NetSuite’s purpose.”

While still a young and fast-growing business, Ring has complex needs including a B2C website and B2B relationships with retailers like Costco, Best Buy and Home Depot. Ring is confident that the advanced revenue recognition features in NetSuite can allow it to sell, bill and recognize its revenue as it continues to transform its business and meet the needs of the modern customer. With NetSuite, Ring has streamlined financial processes and gained operational efficiency with a roadmap for future growth.

Since implementing NetSuite, Ring has gained the following benefits:

  • A flexible and agile platform. The NetSuite SuiteCloud Platform easily enables the company to customize NetSuite to meets its current and future business requirements and to integrate with other third-party solutions.
  • Real-time visibility. One single, unified financial system of record and financial reporting across the entire organization has created efficiencies by automating cumbersome manual processes.
  • Significant savings in IT costs and complexity. NetSuite's proven, securely featured cloud solution eliminates the hassles of managing, maintaining and upgrading business applications and offers significant time and cost savings.
  • Anytime, anywhere access. For a company built around accessing a video doorbell from a smartphone, NetSuite’s mobile capabilities enable staff to access the system anywhere there is an internet connection.
  • Scalability for growth. With plans to extend the NetSuite platform to adopt advanced revenue recognition, CRM and ecommerce, plus inventory management for its warehouse and fulfillment for its retail partners, Ring can continue to grow and adapt its business on a single platform.

Jamie Siminoff will be sharing Ring’s story at SuiteWorld 2017, the number one cloud ERP event of the year, this year being held in Las Vegas from April 24-27. Watch him and all SuiteWorld 2017 keynotes live here.

About Ring

Ring's mission is to reduce crime in neighborhoods and empower consumers by creating a Ring of Security around homes and communities with its suite of smart home security products: Ring Video Doorbell, Ring Video Doorbell Pro (HomeKit-enabled), Ring Stick Up Cam and the new Ring Floodlight Cam. With these security devices, Ring has created the neighborhood watch for the digital age and continues to keep homes around the world safe. For more information, visit www.ring.com. With Ring, you’re always home. To learn more, please visit https://ring.com.

About Oracle NetSuite Global Business Unit

Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

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