As a company, SaaS Consulting Group prides itself on its ability to provide top-notch implementation and optimization services to its customers with a friendly and helpful attitude. We were recently recognized by NetSuite with its NetSuite 2 Star Award which is given to the top 10 NetSuite solution providers. We are very excited to receive this award, and feel very grateful to our customers who have chosen SaaS Consulting Group to work with them closely in implementing a NetSuite package that fits their needs. Beyond that, we strive to help these corporations see returns with improvements to their business process through optimization to their NetSuite solution. Please contact us to see what we can do to apply NetSuite best practices in the processes within your company's business plan.
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Key Financial Measures for q1 fY13
NetSuite continues to grow in size and customer base. More companies than ever are recognizing the value that NetSuite's Enterprise Resource Planning Cloud Applications adds to their business process. When NetSuite can increase the order-to-cash process by 50%, many companies recognize that NetSuite can improve their process. Please contact us today to discuss just how SaaS Consulting Group can make NetSuite work for you.
NetSuite Recurring Billing module capabilities:
A. Can calculate billing by querying of usage data. B. Based on a minimum monthly contract value. C. Allows the use of filters when querying the usage data. D. Using a tiered pricing calculation. E. If the fees for a feature or functionality of the Service are based on usage of the Service, NetSuite shall access and use Customer Data as reasonably necessary to determine the fees for the applicable feature or functionality. NetSuite’s contract renewals capabilities allow you to automate renewals while providing real-time visibility into your installed base and renewal pipeline. You’ll enable your teams to increase renewals, sell more licenses and features, and improve customer service. And you’ll boost billing efficiency and minimize the risk of errors through automation and seamless cross-functional integration.
Back in Oct-06, I joined a really fast growing mid-sized software company with an exceptional business model. I was given the responsibility of owning our business systems. We started our mission of using systems for productivity by implementing Salesforce and NetSuite. It was my first experience with cloud-based business applications (CRM and ERP). It was an incredible experience, and I am grateful for that beyond measure.
Here is a quick business review we wrote within the first year of our usage of Salesforce and NetSuite: NETSUITE ANNOUNCES FOURTH QUARTER AND FISCAL 2012 FINANCIAL RESULTS
Total revenue for the fourth quarter of 2012 was $85.0 million, representing a 33% increase over the prior year. Total revenue for the year was $308.8 million, a year-over-year increase of 31%. By Pete Barlas, Investor’s Business Daily
The cloud computing trend shows no sign of slowing, which is good news for cloud software vendors Salesforce.com and NetSuite. NetSuite (N)shares are up about 65% since May, while Salesforce.com (CRM) is up about 40% since August. Both companies are expected to post Q4 revenue growth of about 30% vs. Q4 2011, says Richard Baldry, an analyst for Wunderlich Securities. Salesforce.com and NetSuite are two of the cloud trend pioneers. AP View Enlarged Image By Chris Kanaracus
IDG News Service – NetSuite is one of the SaaS (software as a service) market’s pioneers, having sold its growing family of ERP (enterprise resource planning), e-commerce and other applications since 1998. The vendor’s results have been beating Wall Street’s predictions, and may yet again in a few weeks, when NetSuite is expected to announce its fourth-quarter and year-end results. NetSuite CEO Zach Nelson spoke with IDG News Service this week on a wide range of topics. The following is an edited transcript of that conversation. NetSuite is one of the longest-running players in the SaaS market. That gives you the advantage of maturity, but does it also mean that your core architecture is getting dated? No. The good thing about NetSuite is that we architected it correctly from the start. Multitenancy out of the gate, that was a very important decision. We chose to make it very customizable. Not all SaaS applications are customizable. We put deep customization in the first iteration of the architecture. As time has moved on and our customer profile has changed we’ve had to re-architect some of the subsystems to deal with application performance. Last year we introduced SuiteCommerce. That allowed us to scale up to larger retailers. That was an 18-month re-architecture. I think you’ll see us do a subsystem re-architecture once every 18 months. Read the article here.
Last year, the cloud continued to be red hot. But keep in mind that the industry is far from young. The roots actually go back to 1998, with the founding of NetSuite (NYSE:N). The company made a big bet that enterprises would eventually access software via the Web. While NetSuite is far from a startup, the company continues to act like one. Just a year ago, the stock price was at $39.60. Now it’s at $69.20. So I reached out to NetSuite’s CEO, Zach Nelson, to get his take on the cloud and some of the emerging trends. Here’s what he had to say: NetSuite’s cloud-based ERP suite is the solution of choice for the software industry, running critical business processes for hundreds of the most innovative private and public software companies. NetSuite streamlines and optimizes business processes, provides a true 360-degree view of customers, and cuts costs. Software executives leveraging NetSuite are able to gain real-time visibility across the entire enterprise, allowing them to make faster, more effective decisions.
1. Increased Visibility for Decision Making. 2. Accelerated Quote to Cash 3. Revenue Recognition 4. Accelerated Financial Close 5. Improved Reporting 6. Increased Sales Productivity 7. Improved Customer Service and Satisfaction 8. Integrated Back Office with Software-Specific Features 9. Deep Services Functionality 10. Rich Channel and Partner Relationship Management NetSuite zeros in on the pain points most common to the software industry in order to maximize improvements in visibility, business processes, and cost efficiency. |
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