NetSuite Announces Availability Of OpenAir Mobile For Android

SAN MATEO, Calif., Feb. 20, 2013 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the availability of NetSuite OpenAir Mobile for the Android operating system, giving services businesses new mobile functionality to manage time tracking and expenses on the world's fastest-growing and most widely-used smartphone platform. The new Android mobile app from NetSuite OpenAir, one of the world's leading cloud professional services automation (PSA) solution, complements a previously released mobile app for the Apple iOS to offer on-the-go services professionals more flexibility to quickly and easily access and manage critical business information from their device of choice from a client office, airport, home or any location in the world. For more information, please visit www.netsuite.com/psamobile.

The release of the NetSuite OpenAir Mobile for Android app comes amid continued growth for Android in the smartphone market. The analyst firm IDC estimates that Android commanded 75 percent of the worldwide smartphone market in Q3 2012, about five times greater than the Apple iOS for the iPhone.[1] Android's year-over-year growth rate of 91.5 percent for the 12 months ending on September 30, 2012 was nearly double the 46.4 percent growth rate of the smartphone market at large, according to IDC. In the tablet market, the Android platform powered more than 44 percent of tablet shipments as of Q3 2012, second to the Apple iOS on the iPad, at 55 percent.[2] To download NetSuite OpenAir Mobile for Android, OpenAir customers can go to https://play.google.com/store/apps/details?id=com.openair.java.android. NetSuite OpenAir Mobile for Android is free and requires only a client's OpenAir credentials to sync with their account.

NetSuite OpenAir Mobile for Android enables services professionals in IT services, consulting, digital marketing and advertising, and media/publishing to create, update and submit time and expense reports for projects. Along with entering receipt data, the app allows users to take a photo of an expense receipt with their Android device, attach it to a record and synchronize the information with the organization's back-end NetSuite OpenAir PSA account. The app meets the need of mobile-powered services organizations for real-time, anywhere data and functionality to improve efficiency, utilization, customer service and cash flow. For example, services organizations that bill clients based on specific time and expense reports can accelerate processes and cash flow when consultants are able to enter time and expense data via a smartphone or tablet. NetSuite OpenAir Mobile for Android provides:

• Intuitive calendar interface to track and manage time
• Access to OpenAir timesheets and expense reports using the easy-to-use, familiar Android user interface
• Instantaneous synchronization with OpenAir accounts to utilize up-to-date customer, project, and task data

"Services professionals increasingly rely on smartphones and tablets while on the road or anytime they need to access an OpenAir account," said Ed Marshall, General Manager, NetSuite Services Vertical. "This new mobile app for Android puts the power of the cloud in the palm of their hand to perform more efficiently and speed time and expense reporting and approvals."

Today, more than 16,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing top 10 financial management systems vendor in the world. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.

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

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

[1] IDC, "Android Marks Fourth Anniversary Since Launch with 75.0% Market Share in Third Quarter, According to IDC," press release, November 1, 2012.

[2] ABI Research, "Apple Maintains Lead in Tablets but Market Share Down 14% in 3Q 2012," press release, November 27, 2012.

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SOURCE NetSuite Inc.