Is Compliance Overrated in the Era of Social Media and Collaboration?

In the world of document management this week, we look at the issues of compliance when it comes to managing documents using social media and enterprise collaborationtools.

In other DM news:

· Document capture in the cloud

· Bringing document management to healthcare

· Paperless doc management in AP, AR and HR

Keeping Your Doc Collab Compliant

Our guest author Joe Shepley recently blogged about some of the compliance implications of managing documents collaboratively. He is building on one of his articles published on CMSWire: 3 Ways Document Collaboration is Becoming More Social.

Expanding on the above-mentioned three areas, Shepley looks into compliance implications associated with these shifts. Excitement about social media and enterprise collaboration aside, there's a need to talk about how to remain compliant in the new era of all things DM going social.

According to the author:

In the end, the compliance impact of managing documents using social media and collaboration tools comes down to:

· Making sure RM and legal are not only on the same page about the content created by social media and collaboration tools, but in touch with the reality of how folks work

· Evaluating the content created by social media and collaboration tools just like you do any other corporate content…and then handling it accordingly.

Document Capture in the Cloud

Recently, KnowledgeTree (news, site) teamed up with Fujitsu (news, site) for bulk scanning and document cloud capture options. This development for document management and bulk scanning through Fujitsu ScanSnap scanners in the cloud could have a dramatic effect on enterprise overheads.

Those with large paper processing needs that this solution is aimed at, particularly things like invoicing or mail room functions.

This will be enabled through KnowledgeTree’s Hot Folders interface, from which the whole document management element of the process can be managed and into which very high quality documents can be captured using Fujitsu technology.

This is not the first capture vendor KnowledgeTree has signed up with and there are a number of other third party applications also available through Hot Folders.

Bringing Document Management to Healthcare

As we reported earlier this week, enterprise CMS provider Hyland (news, site) acquired Computer Systems Company (CSC) Group — a company that offers revenue, financial and paper-scanning tools for healthcare sector.

One of the big benefits of the deal is ability to convert paper-based documents into digital assets that can be used/accessed in organizations’ clinical, financial and administrative applications.

On-demand business

Enterprise software giant SAP on Wednesday unveiled a midmarket on-demand service, Business ByDesign, putting it in competition with the on-demand offerings of Salesforce.com, NetSuite and archrival Oracle.

The service aims to not only expand SAP's reach into the midmarket, but also to mark its entry into the hosted-applications arena, where it has been slower than its competitors.

Business ByDesign will offer a range of on-demand applications, from financials to procurement to customer relationship management (CRM) software via a dashboard. The monthly service is set to cost $149 per user, per month, for customers with a minimum of 25 users. Customers that require limited access to the software, such as self-service entry for purchase confirmations, will be $54 per month for a set of five users.

"I have been at SAP for 25 years, and this is the most important announcement I have made in my career here," Henning Kagermann, SAP's chief executive, said during a press conference in New York. "We designed this product to launch a new business model. It's a new way to design, develop and implement business software."

The midmarket, Kagermann said, includes companies with a staff of approximately 100 to 500 that do not have, nor want, a sophisticated IT department to run their business software. He noted, however, that SAP midmarket customers serving a deep niche within an industry would likely forgo its ByDesign offering.

SAP currently has 20 customers that are involved in ByDesign's pilot in the United States and Germany, and it is validating its service with customers in China, France and the United Kingdom. The company plans to expand its customer base in these regions throughout the year, with plans next year to enter additional markets in Australia, India, Italy, the Netherlands, the Nordic region, South Africa, Spain, Canada and Mexico.

NetSuite 11.0 Packs AJAX, Scripts and Specialty Versions

With the Oakland Coliseum and the Athletics game against the New York Yankees as the backdrop, on-demand application provider NetSuite took the wraps off NetSuite Version 11.0. The new version boasts an AJAX-based user interface, SuiteScript to allow nontechnical people to customize the application for their business processes and two new industry-specific versions.

Packed With AJAX
NetSuite has long supported AJAX (short for Asynchronous JavaScript and XML), but in version 11.0 the company looked to take it a step further by implementing AJAX on every application page. "There's lots of AJAX everywhere," said Mini Peiris, NetSuite's vice-president of product management. By combining several Web technologies, AJAX lets on-demand applications quickly update to the user interface without reloading the entire browser page.

The Version 11.0 AJAX-powered user interface, Peiris said, eliminates the need for scrolling thanks to dashboard portlets that can be expanded or collapsed individually, re-designed data forms that group related information in tabs and the use of hierarchical trees to navigate more detailed levels.

Also, enhanced graphical report snapshots and trend graphs are designed to make dashboards easier to read, according to NetSuite. Bar graphs include data on each bar when moused-over while letting you drill down to a specific bar for even more detail. Every Dashboard also has a Create New bar that links to popular tasks. Customer scan modify the bars to let them access common workflows with one click.

Stick to the Script
"Every business is unique, and SuiteScript let you customize [NetSuite] to your workflow," Peiris said. SuiteScript is based on JavaScript and provides APIs to NetSuite objects or custom objects added by customers.

With the Oakland Coliseum and the Athletics game against the New York Yankees as the backdrop, on-demand application provider NetSuite took the wraps off NetSuite Version 11.0. The new version boasts an AJAX-based user interface, SuiteScript to allow nontechnical people to customize the application for their business processes and two new industry-specific versions.

Packed With AJAX
NetSuite has long supported AJAX (short for Asynchronous JavaScript and XML), but in version 11.0 the company looked to take it a step further by implementing AJAX on every application page. "There's lots of AJAX everywhere," said Mini Peiris, NetSuite's vice-president of product management. By combining several Web technologies, AJAX lets on-demand applications quickly update to the user interface without reloading the entire browser page.

The Version 11.0 AJAX-powered user interface, Peiris said, eliminates the need for scrolling thanks to dashboard portlets that can be expanded or collapsed individually, re-designed data forms that group related information in tabs and the use of hierarchical trees to navigate more detailed levels.

Also, enhanced graphical report snapshots and trend graphs are designed to make dashboards easier to read, according to NetSuite. Bar graphs include data on each bar when moused-over while letting you drill down to a specific bar for even more detail. Every Dashboard also has a Create New bar that links to popular tasks. Customer scan modify the bars to let them access common workflows with one click.

Stick to the Script
"Every business is unique, and SuiteScript let you customize [NetSuite] to your workflow," Peiris said. SuiteScript is based on JavaScript and provides APIs to NetSuite objects or custom objects added by customers.

NetSuite Services Company Edition is designed to provide consulting and professional services firms with on-demand applications especially designed for project-based work. The new version offers role-based dashboards to let consultants and managers track the status of each project. NetSuite Services Company Edition is designed to automatically track and project metrics such as percentage completed and time budgeted and spent on project tasks. NetSuite added tracking and reporting features to help managers analyze and optimize employees' workloads, efficiency and availability.

Because NetSuite Services Company Edition integrates all enterprise applications, services firms can monitor business processes from both a project management and a cost/revenue perspective, according to Netsuite. The on-demand solution has a base price of $1,499 per month base, plus $99 per user, per month.

The NetSuite Wholesale/Distribution Edition is designed to help wholesalers and distributors manage their business cycle from lead generation through sales, warehouse and inventory management and shipping — with accounting support along the way.

NetSuite said that the business processes of small- and mid-sized wholesale/distribution companies are as challenging as those of large companies. Wholesalers and distributors face pressure from the complex requirements forced upon them by larger trading partners, global competition, slim margins and demanding customers.

Peiris said that they based the new edition on the best practices of NetSuite's existing 1,000 wholesale/distribution customers. The system links CRM with back-office inventory management, fulfillment and accounting processes. Features include advanced inventory and order fulfillment, demand-based inventory replenishment, wholesaler/distributor customer portal and CRM for distributors.

NetSuite's Wholesale/Distribution Edition is priced at $999 per month for the base suite and $99 per user per month.

The Yankees Lose
And, sports fans, the Oakland Athletics (a NetSuite customer) beat the Yankees 9-4 — though NetSuite didn't take credit for the win.

NetSuite and Sunway E-Systems Bring Business Cloud Event to Kuala Lumpur

SAN MATEO, Calif. And KUALA LUMPUR, Malaysia, Sept. 22 /PRNewswire-AsiaNet/ -- NetSuite CEO Zach Nelson and Sunway Group CEO Cheah Kok Hoong to Highlight Growing Regional Demand for Business Cloud Solutions Learn Best Practices for Managing Global, Multi-Sub Businesses in the Cloud NetSuite Inc.

Three Ways to Work Your Customer Database like a Pro

Many sales professionals are forced into traditional contact management clouds like Salesforce.com, Netsuite and Oracle, because they work in large corporations who have many levels of management and IT that each need to approve every system used by an employee. The upside is that these products provide executives and management with exactly what they are looking for: Statistics to report to their board of directors, analytics to manage their employees with, and a clear gauge of who is performing best and who is performing worst in the sales department.

The downside is that all of this focus on reporting creates a constant aggravation within the sales force about how much daily data input they have to perform that is not at all related to working a customer or opportunity from lead to close. Every world class sales professional has a different style, or different philosophy of how to work their accounts, but any successful sales pro knows one thing, they need to work fast, work hard and have the data at their fingertips that let them respond and close.

This article will give you three key features you need if you want to use anything from a business card file, your phone, local database like Bento and Filemaker, to a customer database cloud like Performance Desk to organize and track your interactive sales pipeline.

Tip One - Have a clear method to prioritize opportunities and customers every day. Sort your business cards or database files in a way in which you will clearly know the customers that need the most attention and what time of day they need to get it. If you're a nationwide rep that means working your customers east to west coast, but in most cases it will mean looking at which opportunities are closest to close on your pipeline and focusing your efforts appropriately.

Tip Two - Have a clear methodology for every call and stick to it. Some products like Performance Desk even provide a categorized opportunity worksheet that will help guide your notes into a clear report and remind you to stay on track, to work smart and close faster. In the case of Performance Desk you can sort your notes into friendly info that help build rapport, understand customer needs, notate customer objections, probe for customer pain and most importantly close more sales and grow your business.

Tip Three - Focus on sales, not reporting on your progress. If you are in a small company or work for yourself in San Jose or Seattle, the last thing you need is to pay a fortune for software that's main purpose is to report your progress and projections to the head office in New York. Most of the suppliers of online CRM and sales management products have placed all of their effort into satisfying the needs of enterprise size customers because that is their bread and butter.

The complexity and features that deliver complex analytics to help a vice president of sales decide who performs the best, have nothing to do with the features that each salesperson needs to track and close an opportunity. Often sales professionals are forced to work their sales on pad and paper then spend valuable time transferring that data into the complex system after the fact, rather than focusing on the next opportunity to get those dollars in the door and grow your company.

All about cloud computing

Does your company use Microsoft Exchange Online? Do you have a Google Mail account? Have you ever used WebEx to set up a conference call or an online meeting? If you answered "yes" to any of these questions, you're using cloud computing.

So what exactly is cloud computing? Think of it as Internet-based computing. All software, information, and resources are located on a provider's server that sits on a network far away. These services are provided to your computer, and other devices, on demand. Most cloud computing services are so quick and easy to use that you don't even realize you're accessing software that's not located on your computer's hard drive

You can get applications, called Software as a Service (SaaS) and hardware resources, called Infrastructure as a Service (IaaS), from the cloud. SaaS providers, which include such companies as Cisco, Google, Yahoo, Microsoft, NetSuite, Salesforce.com, and others, install and maintain their software on their network of servers. Cloud applications are designed so that each customer has its own customized instance of that software; data and configuration details are kept separate from any other customers. Customers pay a monthly subscription fee for only the exact number of users who need the application. Of course, some personal cloud applications, like Google Mail, are free.

IaaS providers, including Amazon, Rackspace, and Terremark, deliver storage capacity and computing resources. These providers charge customers for the resources they consume on an on-demand basis, or they charge a subscription fee for reserved resources. With either option, you're not paying for an expensive server set up to handle spikes in your website's traffic that only occur during certain times of the year.

Small businesses can get a lot of bang for the buck with both types of cloud computing - and many already are. Cisco surveyed more than 500 small and medium-size businesses to find out how they're using cloud computing. At least 75 percent of them are using cloud computing for a variety of applications, especially security, storage, and desktop productivity applications.

But what can cloud computing do for your company? Check out these five reasons to give it a chance: 1.Pay only for what you need. You pay for the IT resources you actually use in the cloud, so your company no longer risks overinvesting in hardware that is underutilized, or underinvesting in software that soon needs additional licenses.

2. Eliminate complex software installations. Your PCs already have Web browsers installed, and that's all you need to access tools in the cloud. In general, the providers handle the complex configurations and updates.

3. Access to enterprise-grade applications. Small business software is usually less robust than its enterprise counterparts, but cloud-based applications give you access to advanced, big business features. By securely sharing an application with others, you are able to utilize these advanced features at an affordable price while also maintaining protection for your company's confidential information. In addition, providers upgrade their applications more frequently than most small companies can afford to.

4. Respond to business changes quickly. Adding seats or increasing server capacity in the cloud is as simple as logging on to your cloud service. You can scale up or down as your business requires, and you can do it in a matter of minutes.

5. Try before you buy. Many business applications, such as CRM (customer relationship management), are available in the cloud, and providers frequently offer free trials and extensive demos so you can see if the application is right for your company. Even monthly subscriptions make it easy-and affordable-to check out new software.

Are you already using cloud computing? If so, for what applications or services? Tell us what's working - and what's not working - with cloud and your company.

NetSuite Accpac and Epicor ERP Software

NetSuite Exact Syspro Accpac Epicor and Excel ERP system have capabilities to centralize all business process into single database and provide better control. Read brief information about all these enterprise software below:

1. Net suite

Net suite ERP solution is one of its kinds. It is the only on-demand ERP solution which can manage and control back-office operations. It is an all-inclusive business suite that can support operations like financial, order fulfillment, purchasing, inventory, time and billing, payroll, employee self-service, Web presence, etc. It is best suited to diverse enterprises and nonprofit organizations, which need to customize their systems for specific needs. It can be installed immediately.

2. Exact Software

This revolutionary ERP system is best for organizations that crave for impeccable connectivity. Exact Software equally connects both internal and external links and employee of a business. It teams up conventional ERP with a number of operations such as customer relationship management (CRM), business activity monitoring, electronic workflow management, project management and business intelligence. It helps in analyzing and predicting the business operations and the results can be used to formulate future plan of action. Thus, it eliminates complications from the processes.

3. Syspro

Syspro is among the leading enterprise resource planning software vendors. SYSPRO solutions' enable companies to exercise complete control over different aspects of their workflow by directing planning and management functions. It permits the organizations to create their own exclusive manufacturing process that can successfully meet all their needs and new challenges that arise in the industry.

4. Accpac

The Sage Group has designed Accpac ERP software to suit the business requirements of the small and medium sized enterprises. This software can accomplish tasks like accounting, Customer relationship management and business management. USP of Accpac is that it employs Web Services as basic foundation for operating business applications.

5. Epicor

Epicor is a comprehensive ERP solution providing a number of real-time business utilities. It is targeted to manufacturing, distribution, retail, hospitality and services companies located in U.S. It offers business- specific solutions as it consists of ground-breaking service-oriented architecture (SOA) and Web services technology.

6. Excel ERP

Excel ERP is amongst the most user friendly ERPs. It requires trouble-free, organized and risk free implementation. Moreover, it can be customized as per the short/long term goals and objectives of the company.

NetSuite Consulting Company

NetSuite is an online business application that provides support to an entire company including Customer Relationship Management (CRM), Enterprise Resource Planning (ERP) eCommerce solutions, and much more. There is no doubt the program offers everything needed to run a successful business, but the right NetSuite consulting company can help your NetSuite-powered website perform beyond your expectations.

When evaluating NetSuite consulting companies look for one that has NetSuite as its only focus, one whose expertise is not watered down with other products, one who is expert in all things NetSuite. During your evaluation of consulting companies when setting up an eCommerce site using NetSuite, here the services you should expect:

Your NetSuite consulting company should provide a website design that is crisp, clean and organized; a design that meets your goals and appeals to your unique customers. The web design team they offer should have a thorough understanding not only of NetSuite, but have real world eCommerce experience.

If you already have a design that works well for you and you are wanting to transform it into NetSuite to take advantage of all the software has to offer, then your consulting company should have developers on staff that can make the migration seamless. Developers who can make your site easy to administer and that can grow along with your business.

You should also expect innovation from your NetSuite consulting firm. A company that has created addons for NetSuite that are considered cutting-edge solutions. Such addons should include guided navigation, SEO friendly product reviews that you can easily control, a store locator integrated to Google Maps, customer wish lists, auto-reorder, and much more.

The consulting company should also offer search engine optimization tailored to your NetSuite site. If your customers can't find you, they can't buy from you.

You should also expect the consultants to offer experience developers that can create scripts customized for your individual needs.

Lastly, you should expect your NetSuite consulting company to have a complete understanding of Internet marketing.

Find these consultants and watch your profits soar.

Netsuite - Ecommerce Platform

Cohesive. Flexible. Intuitive. Netsuite ECommerce delivers solutions.

Rapidly evolving technology has left many organizations frustrated with incompatible systems that do not share data or provide visibility across functional areas. Netsuite is an integrated business application linking ecommerce, marketing, order management, inventory and accounting operations onto a single cohesive platform. The unified platform approach builds enterprise integrity with new or existing websites.

Netsuite pricing offers affordable, cost effective solutions to website design and business integration. Centralized content management builds controls into inventory, image usage, fulfillment, language, currency and pricing. Applications are designed for ease of use in daily business operations, without programming skills. Changes to websites are easily applied and updated.

Netsuite is easily adaptable for international customers, linking multiple websites in languages and currencies specific to your global customer base. Netsuite OneWorld is the business solutions platform for ecommerce with multi-language, multi-currency, multi-country and multi-product webstore flexibility. The database driven Netsuite ECommerce platform operates seamlessly integrating into business financials giving visibility to inventory, accounting and reporting of multi-currency and tax requirements, multi-language and website performance.

Business to Business (B2B) opportunities are managed in a similarly flexible fashion. Netsuite Ecommerce offers customizable processes, pricing, payments, invoicing and billing functionality specific to each business client's needs. Transactions across multiple channels, automated cross-sell and up sell features improve performance and increase sales. Netsuite Ecommerce and B2B functionality also integrate into a single business management platform, affording greater control over inventory, fulfillment, sales and accounting.

The intuitive features of Netsuite ECommerce offer the integrated business management platform with webstore and shopping cart-specific functionality. Marketing promotions such as discounted pricing, coupons, catalogs or multi-payment methods are easily integrated and available for customer convenience. Real-time order visibility affords faster order processing, fulfillment and shipping for greater customer satisfaction. Customer self-service features promote 24/7 convenience in order placement, order review and online questions and answers. Customizable responses and cross-sell recommendations across webstores enhance customer experience, retention and loyalty.

Netsuite ECommerce Analytics and Reporting is a complete, consolidated financial and business performance review. Indicators such as website effectiveness, cart abandonment and transaction details are presented clear and concisely. Netsuite Ecommerce features indicators specific to ebusiness performance such as Search Engine Optimization (SEO) tracking, webstore visits compar

Channel Partners Continue Migration to NetSuite Cloud ERP

NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the latest North American channel businesses to join the NetSuite Solution Provider Program. These fast-growing companies come to NetSuite with experience selling both traditional on-premise products and point cloud solutions, demonstrating the appeal of NetSuite's unique suite approach, which provides a complete end-to-end business management solution that tightly integrates ERP / Financials, CRM and Ecommerce applications. Resellers of conventional ERP products such as Microsoft Dynamics GP or Sage are turning to NetSuite in order to embrace the future of enterprise computing, while established cloud VARs which previously focused on sales or accounting products recognize the advantages of NetSuite's comprehensive solution. The new partnerships signal the growing market acceptance and adoption of NetSuite's leading cloud business application suite by established channel businesses as the entire cloud computing economy undergoes accelerated growth.

The resellers announced today include Eide Bailly, BPS, Cirrus eBusiness, Business Intelligence 101, and Avankia. These new NetSuite partners are focused on expanding the reach of cloud computing suites into mid-market enterprises and divisions of large companies, helping clients modernize their business processes while the resellers themselves gain the competitive edge they need to thrive and stay competitive.

"Today's partnership announcement strengthens NetSuite's ability to transform business processes at companies looking to get off the on-premise software treadmill throughout North America," said Craig West, Vice President of Channel Sales at NetSuite.

Driven by growing demands for cloud software among businesses, and ongoing economic uncertainties, VARs are recognizing the need to offer customers comprehensive and cost-effective solutions. NetSuite is the natural choice for on-premise VARs looking for a strong flagship partner to help shift their businesses to the cloud. Among the on-premise resellers to join the NetSuite Solution Provider Program are:

* Eide Bailly (www.eidebailly.com) is based in Fargo, North Dakota, with offices in nine states, and is one of the top 25 CPA firms in the US. As trusted accounting advisors to thousands of companies in construction, real estate, professional services, automotive, wholesale and manufacturing industries, Eide Bailly is perfectly positioned to enhance the workflow and capabilities of its clients. NetSuite's anywhere, anytime access maximizes the potential for customers to collaborate and streamline processes as they grow beyond the capabilities of small-office accounting solutions or grow frustrated with the limitations of on-premise software. A long-time Sage reseller, the company going forward expects to empower its clients with NetSuite, the world's most adaptable ERP solution. "NetSuite is such a flexible tool and so easily customized that even as new mandates, such as expanded credit card collection or 1099 reporting come up, the solution is able to absorb all of the changes," said Victor Puchi, Eide Bailly director of accounting services. "And NetSuite's real-time data allows us to put the proper metrics in front of our clients on a day-to-day basis, which enhances our relationships phenomenally."

* BPS (www.bpsusa.com) is a Chicago-based solution provider focusing on combining expertise in accounting and business intelligence to serve companies in the Chicago Loop and beyond. A long-term reseller of Microsoft Great Plains and Dynamics products, BPS turned to NetSuite due to increasing client demand for seamless business solutions with low IT overhead. At the same time, a growing number of corporate customers saw the appeal of CRM solutions fully integrated with financials and other back-office processes, making NetSuite's end-to-end solution a clear fit. BPS plans to penetrate new vertical markets, such as distribution, with the strength of NetSuite's order processing and Ecommerce capabilities. "We are always watching industry trends and have seen cloud computing advance in a number of ways. As Wayne Gretzky said when he became the NHL goal leader, we watch where the puck is going to be," said Marc Moskowitz, BPS engagement partner. "The team at NetSuite has been very professional and responsive, and we can see that the cloud is where our clients are going."

Today's innovative VARs have already committed totally to the cloud, seeing its advantages as a service delivery mechanism for clients of all sizes. As cloud solutions have matured, some have grown in sophistication while others remain focused on narrow segments of enterprise capabilities. NetSuite, as the world's first and only end-to-end cloud enterprise management solution, is the natural next step for cloud VARs looking to expand and enhance their offerings. Among the existing cloud VARs to graduate to the NetSuite Solution Provider Program are:

* Cirrus eBusiness (www.cirrusebusiness.com), a Mount Laurel, NJ-based cloud consulting firm, focuses exclusively on delivering feature-rich, scalable, cloud-based business platforms to its Philadelphia and New York area clients. Recognizing a significant market opportunity as the recent economic downturn drove companies to reduce administrative overhead and IT expenditures, Cirrus was formed to help companies automate processes with affordable and powerful solutions that emphasize efficiency and low total cost of ownership. "Each business has its own language and its own requirements, and NetSuite customizations just snap into place and remain compatible moving forward," said Scott Shelko, Cirrus principal. "This makes NetSuite very efficient to administer, and the simplicity of rolling out a web-based system is as easy as opening up your web browser. Once clients see the power, flexibility, and efficiencies of NetSuite, they don't see why they would choose a different direction."

Do you want to work for NetSuite?

Do you want to work for Netsuite? Of course you do!

World's Leading Developer of Cloud ERP Solutions Initiates Aggressive Hiring Plan Across Key Functional Areas

NetSuite - the industry's leading vendor of cloud-based financials / ERP software suites, today announced plans to ramp up hiring in the coming months to address accelerated market demand for its cloud business software applications. The company is actively recruiting to fill more than 150 open positions across nearly all functional areas, including sales, customer service and support, and engineering and development. NetSuite expects to grow its development group by approximately 30 percent. For more information about careers at NetSuite, please visit www.netsuite.com/careers.

> Despite a lag in many information technology market segments, cloud computing in general and NetSuite in particular have seen dramatic growth in market demand. Companies of all sizes are embracing powerful and reliable cloud computing solutions to lower costs and help increase their overall productivity and competitiveness.

In its recent second quarter 2010 financial results, NetSuite's performance demonstrated continued acceleration of the market's move toward cloud computing. From the financial perspective, NetSuite posted record revenue, operating income and net income that substantially reinforced the company's leadership in enabling companies, large and small, to automate complex, mission-critical business processes in the cloud.

"NetSuite's total commitment to the cloud, and our unique position as the industry's leading provider of cloud-based financial and ERP software suites, certainly are important factors in the gains we are making against traditional providers of pre-Internet architected applications," said Zach Nelson, CEO of NetSuite. "Continuing to attract and retain the brightest minds in the industry is critical to our goal of being the only cloud ERP suite of scale for the foreseeable future."

NetSuite's cloud computing solutions are in use today at thousands of companies worldwide. NetSuite's offerings, which include the multi-national corporate management solution NetSuite OneWorld and NetSuite OpenAir professional services automation, are in use in 14 languages in more than 60 countries. With cloud computing poised to show continued rapid growth in the years to come, NetSuite is committed to growing its worldwide staff to address the demand for NetSuite's industry leading products and to further enhance the NetSuite cloud computing approach to meet the needs of an ever-expanding range of vertical business demands.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to the anticipated future growth of the cloud computing market and NetSuite's future hiring plans. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the market for on-demand services may develop more slowly than expected; and NetSuite may not be able to identify and hire qualified candidates as quickly as planned or at all. For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to the Company's Quarterly Report on Form 10-Q filed for the financial quarter ending June 30, 2010, and any subsequently filed reports on Forms 10-K, 10-Q and 8-K. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or NetSuite's website atwww.netsuite.com.

Netsuite news

NetSuite GURU is bringing you hot news about Netsuite!!

Netsuite, a provider of cloud-based financials and ERP software suites, and the Institute of Management Accountants (IMA), announced a partnership aimed at helping finance executives succeed in adopting cloud software technology in helping transform the role of the CFO and the practice of corporate finance management.

NetSuite and IMA said they will explore this and related topics as part of the "Transformational CFO" educational series through live seminars, webinars, white papers and published research.

According to the companies, the Transformational CFO program is immediately available to all IMA members. The first online webinar titled "Financial Executive Panel: What the Cloud Means to The Finance Organization," is scheduled for Wednesday, September 22. Three CFOs on the panel will share their first-hand experience and best practice in moving from pre-Web client server technologies to new cloud-based business management software suites.

Panel speakers include:

-David Bosher, SVP and CFO at SnagAJob.com, an hourly job Web site

-Michael Metz, CFO at Lexi-Comp, a provider of medication information and drug data solutions for the healthcare industry

-Will Gregerson, CFO at Schaeffer Manufacturing Company, a provider of quality lubricants and fuel additives, that chose cloud ERP software over SAP during the software evaluation process.

"Using technology to enable business success is very important to accountants and financial professionals on the CFO team, especially in these turbulent economic times," said Jeff Thomson, IMA President and CEO. "This new partnership will provide members with tools, strategies and educational opportunities as they enhance their business processes."

"NetSuite understands that finance teams are playing a more strategic role in helping to lead their respective organizations on all fronts," said Ron Gill, NetSuite CFO. "We recognize that IMA is one of the leading global associations dedicated to advancing the knowledge and credentials of their corporate finance and accounting members to lead and succeed in today's business environment. Their membership is positioned to have significant impact in the transformation of finance departments in companies of all sizes and sectors."

The Institute of Management Accountants (IMA) is an association dedicated to empowering accountants and financial professionals in business to become "trusted business advisors" by playing an active role in their organizations' business success. With a network of more than 60,000 professionals worldwide, IMA provides a forum for professionals to advance their careers through Certified Management Accountant (CMA) certification, professional education, networking, and advocacy of the highest ethical and professional standards.

That is all for this post!