NetSuite To Add ERP Functions To Hosted Apps - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Government // Enterprise Architecture

NetSuite To Add ERP Functions To Hosted Apps

NetSuite debuts new enterprise resource planning (ERP) features it will add to its hosted application portfolio in the third quarter.

NetSuite on Thursday debuted new enterprise resource planning (ERP) features it will add to its hosted application portfolio in the third quarter.

NetSuite, which sells its on-demand hosted applications under its own name as well as under the Oracle Small Business Suite nameplate, will add core ERP functionality in areas that include purchasing and budgeting, advanced billing order management and fulfillment, and revenue recognition, the San Mateo, Calif.-based company said.

NetSuite's hosted applications began with relatively basic customer management relationship (CRM) features, but the firm has been regularly expanding the features in its online service to compete in the small- and mid-sized business market with the likes of Microsoft and its Great Plains line. This is NetSuite's first move into higher-end ERP functionality.

“The icing on this ERP cake is that with NetSuite you get CRM integration and instant ecommerce for free,” said NetSuite chief executive Zach Nelson in a statement.

Among the features being added to NetSuite are ones to help mid-sized companies recognize revenue according to customer contracts, budget for multiple scenarios, and automate billing schedules and commission payments.

Other new tools aimed at customers in the wholesale and distribution markets include lot tracking, inventory control for prioritizing back orders, automatic inventory re-ordering notification, and just-in-time special ordering capabilities.

Pricing of the new NetSuite -- which since it's a hosted application doesn't demand software updates on the customer side -- hasn't yet been set, but the beefed up applications are scheduled for the third quarter.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
IT Careers: Top 10 US Cities for Tech Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/14/2020
Predictions for Cloud Computing in 2020
James Kobielus, Research Director, Futurum,  1/9/2020
What's Next: AI and Data Trends for 2020 and Beyond
Jessica Davis, Senior Editor, Enterprise Apps,  12/30/2019
White Papers
Register for InformationWeek Newsletters
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Flash Poll