NetSuite CEO Zach Nelson To Keynote At Oracle OpenWorld 2012

Keynote to Highlight Two-Tier ERP: NetSuite + Oracle = Global Business Success
Joint Customer Land O’Lakes to Describe How Oracle and NetSuite Cloud Support Global ERP Standardization

SAN MATEO, Calif. (September 18, 2012) –  NetSuite Inc. ( NYSE: N), the industry’s leading provider of cloud-based financials / ERP software suites, today announced that NetSuite CEO Zach Nelson will deliver a keynote, a featured address and lead a panel discussion at the Oracle OpenWorld 2012 conference in San Francisco. Zach Nelson’s keynote session takes place on Tuesday, October 2 at 11:45 a.m. Pacific Time in the Lam Research Theater at Yerba Buena Center for the Arts next to Moscone North.  The keynote session entitled: “Oracle and NetSuite—Driving Two-Tier ERP,” will explain how global enterprises can improve the flexibility, scalability and cost structure of multi-subsidiary and multi-national operations by adopting flexible and nimble cloud ERP solutions which interface seamlessly with established corporate ERP systems. This two-tier ERP approach preserves the investment made in headquarters ERP while providing remote operations and subsidiaries with a standardized, powerful and easily customizable cloud ERP solution in a fraction of the time normally needed to expand on-premise systems.  Several joint customers of Oracle and NetSuite, including Land O’Lakes, will participate in the panel and explain how their hybrid cloud approach has helped them overcome the obstacles to global subsidiary expansion and management, including inventory, currency, taxation and time zone challenges. To register for the session, visit:

“While many companies have standardized their corporate enterprise on Oracle, their subsidiary level is a tower-of-babel collection of many, sometimes hundreds, of different systems including ancient products like Microsoft Great Plains and Sage,” said NetSuite CEO Zach Nelson. “Using NetSuite OneWorld, large multi-nationals can now standardize their subsidiaries on a modern, flexible cloud system that provides local business control while easily consolidating into the corporate Oracle tier to deliver an efficient global operation and worldwide visibility.”

Today, more than 12,000 companies and subsidiaries use NetSuite to run complex, mission-critical business processes globally in the cloud. There is a growing list of enterprise companies that deployed NetSuite for global business management at the subsidiary level while maintaining their corporate Oracle ERP instance. These companies have been reaping the benefits of NetSuite cloud business solutions which enabled them to go to market very quickly because NetSuite delivers the flexibility, agility, and speed of implementation they need to grow their global business and get their subsidiaries up and running very quickly without a huge investment in IT.  Some of these customers include Land O’Lakes, Qualcomm, Magellan (MiTAC Digital Corporation) and Igloo Products. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations, as demonstrated by a recent Gartner study naming NetSuite as the fastest growing top 10 financial management systems vendor in the world. NetSuite continues its success in delivering the best cloud ERP/financial suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

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Source: NetSuite Inc.

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