Expanding on its strategy of offering its ERP applications for "two-tier" corporate implementations, NetSuite this week debuted NetSuite Two-Tier ERP for Oracle, a package of cloud software that works with Oracle's E-Business Suite applications.
The company also unveiled a series of agreements with vendors, including IBM and Dell, which develop integration software for linking corporate applications.
NetSuite sells its software-as-a-service ERP, CRM and e-Commerce applications for customers to use as their core business systems. But, the vendor also positions its SaaS applications to run in conjunction with ERP systems from other vendors such as Oracle, allowing businesses that already use those applications within their corporate headquarters to add NetSuite applications to run subsidiaries and divisions.
"You can't do this on non-cloud systems," said NetSuite CEO Zach Nelson, speaking in a presentation at the Oracle OpenWorld conference earlier this week. He noted that many large-scale ERP implementation projects run into the tens of millions of dollars, and rolling the applications out to foreign subsidiaries and far-flung divisions are a major factor in those costs.
NetSuite unveiled a new release of its OneWorld cloud application suite the company said is tailored to manage divisions within complex, multinational corporations and multi-subsidiary companies. The latest release includes new embedded analytics and dashboards that feed data and key performance indicators into corporate data warehouses, tools that give managers and executives the ability to drill down into division and subsidiary data, and expanded support for multiple languages and currencies.
The new SuiteCloud Connector for Oracle provides the underlying technology to link OneWorld with Oracle software, including the Oracle E-Business Suite, the company's flagship ERP software set. SuiteCloud Connectors enable real-time data exchange and provide a way to roll up financial information, such as order and revenue data, from NetSuite at the subsidiary level to Oracle.
The Connectors include IBM's Cast Iron Integration Solution for NetSuite, Informatica Cloud, Dell's Boomi AtomSphere, the Celigo Integrator, and Prevasive Software's Data Integration and Data Quality platforms.
While NetSuite and Oracle compete in the ERP and CRM application arena, Oracle CEO Larry Ellison helped start NetSuite and remains its majority shareholder. "We're also known as Larry's 'other company,'" Nelson said this week in his presentation.
PUBLISHED OCT. 5, 2012