World's Most Innovative Companies Run On NetSuite

SAN MATEO, Calif., Sept. 21, 2012 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced a webinar, titled "Why the World's Most Game-Changing Companies Turn to Cloud ERP," creating a forum for executives at today's high-growth, innovative companies to share the secrets of their success with next-generation business suite solutions like NetSuite. Featured speakers in the webinar include Irina Lyakhovich and Josh Karoly from online customer engagement specialists SurveyMonkey, and Andy Howe, CEO of solar power pioneer Solio. The free webinar will be held on Wednesday, September 26 at 11:00 a.m. PDT (2:00 p.m. EDT). To register, please visit http://www.netsuite.com/portal/email/webinar-gb-innovative-090512-email-nb_PR.html.

Fast-track, market-disrupting companies have learned that they cannot afford to be constrained by the high cost, long implementation times and inflexibility of conventional ERP systems. That's why visionaries in every imaginable industry have turned away from outmoded software and embraced the flexible, mobile and scalable NetSuite cloud to manage customer interactions, inventory, financials, multi-subsidiary and multi-currency operations, and more. From action sports camera maker GoPro to streaming media icon Roku to collaboration expert Box, leading business leaders of all stripes have voted with their feat to grow their businesses around the world with the backing of the robust NetSuite cloud ERP solution.

"Disruptive and visionary entrepreneurs need solutions that support their limitless potential, not antiquated business software that can choke growth under the load of integration fees, downtime and version lock," said Jim McGeever, NetSuite COO. "This webinar is the perfect opportunity for like-minded executives to understand how doing business in the cloud has helped their peers win market share, make more informed decisions, and stay focused on core business objectives."

Presenters from SurveyMonkey and Solio will be joined by Vishrut Parikh, NetSuite director of product marketing, for this free and informative session.

SurveyMonkey (www.surveymonkey.com), the world's largest online survey company, switched from a small-business system to NetSuite when it was acquired by private equity firms in 2009. The company's new business needs at that time included comprehensive revenue recognition, GAAP reporting, and multi-currency management to support international growth. The company had rejected the idea of using a "big iron" on-premise ERP system, as doing so would also require a dedicated systems management team.

"Having the ability to set up international subsidiaries and consolidate our financial operations through NetSuite's cloud-based solution was essential in supporting our company's growth," said Noreen Bergin, SurveyMonkey VP of Finance. "NetSuite has helped us manage statutory tax reporting without duplicating duties." Since adopting NetSuite, SurveyMonkey has expanded to do business in 15 languages and multiple currencies, all transparently rolled up into consolidated financial statements.

Solio (www.solio.com), a developer of solar energy products ranging from hand-held solar appliances for tablets and smartphones to lighting and home power systems for emerging markets, chose NetSuite because it supports the company's mission of staying focused on the design and development of sun-powered products without becoming distracted by cumbersome IT requirements. NetSuite seamlessly integrates Solio's direct sales and retail partners with its 3PL operation, promoting hassle-free fulfillment of any size order. The flexibility of the NetSuite solution helps Solio innovate its groundbreaking solar as service business model in East Africa while  growing and  maintaining high levels of innovation and service for end-use and reseller customers sold in the US and other developed markets. "Some of our competitors have to spend valuable resources on as many as 20 staff members to manage the processes NetSuite handles for us with complete automation," said Andy Howe, Solio CEO.

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For more information about NetSuite, please visit www.netsuite.com.  For more information about the most innovative campaign, please visit http://www.netsuite.com/portal/landing/innovative/main.shtml.

NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between NetSuite and any other company.

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SOURCE NetSuite Inc.