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NetSuite delivers first SaaS ERP solution for Japanese market

10
Dec '08
NetSuite Inc, a leading vendor of on-demand, integrated business management software suites for mid-market enterprises and divisions of large companies, today announced NetSuite Release J, the first available Software as a Service (SaaS) enterprise resource planning (ERP) suite for the Japanese market.

NetSuite Release J has been fully localized for the accounting rules, usage conventions, regulations and taxation compliance of the Japanese market. This new ERP functionality, combined with the full breadth of NetSuite's SaaS customer relationship management (CRM) and Ecommerce capabilities, make it possible for Japanese companies to run the core aspects of their business completely in the cloud. For more information about NetSuite Release J, please visit www.netsuite.co.jp.

Founded in 1998 by Evan Goldberg and Oracle Corp. founder Lawrence J. Ellison, NetSuite is a leader in the industry of delivering cloud-based computing solutions that enable companies to manage the core aspects of their business on the Internet.

Built from the ground up as a single business management software system that includes ERP, CRM and Ecommerce, NetSuite enables mid-size companies to automate their business processes across organizational functions — from financials and warehousing to marketing, sales force automation, and customer service. NetSuite Release J brings this capability for the first time to the Japanese market.

According to recent forecasts from market research firm IDC for the period of 2007-2012, the Japanese SaaS market compound annual growth rate (CAGR) of 17.3% is expected to far out-strip the CAGR growth rate of 5.1% projected for traditional on-premise enterprise resource management (ERM) applications and 5.5% for traditional on-premise CRM applications. In addition, IDC estimates that SaaS ERM applications will have a higher CAGR of 26.8% as compared with the CAGR of 18.5% for SaaS CRM.

NetSuite Inc


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