QUICKBOOKS CUSTOMERS CONTINUE DEFECTION TO NETSUITE

Outgrowing QuickBooks, 1000+ Companies Move to NetSuite for One Integrated Solution for CRM, ERP and Ecommerce

SAN MATEO, Calif. — March 15, 2007 — NetSuite, Inc., the leader in on-demand business management software, today announced that more companies have switched to NetSuite from QuickBooks. These companies previously used QuickBooks in conjunction with other software applications to run their key business operations. Companies switched to NetSuite for one software solution that integrates ERP, CRM and ecommerce, which can accommodate rapid growth as well as take away the pains associated with using different silo applications. NetSuite’s intuitive user interface and data migration path from QuickBooks have successfully helped these companies implement NetSuite. For more information about how to switch from QuickBooks to NetSuite, please go to www.netsuite.com/qbswitch

QuickBooks is widely used by US small businesses, but it has limitations for growing companies. The most powerful version of QuickBooks — QuickBooks Enterprise Solutions — can only support 20 simultaneous users and only track a finite number of items, customers, or vendors (Source: Intuit.com). A company’s accounting system is the key repository for business data and when limited, it leaves the company badly crippled. Primarily an accounting package, QuickBooks requires a business to buy and integrate separate applications in order to run sales force management, ecommerce operations, marketing and customer support. Frustrations with functionality limitations, high cost and pain associated with integration forces QuickBooks users to look for something better.

NetSuite brings the power of big business software to small, rapidly growing businesses. It allows companies to run one integrated system spanning CRM, ERP and ecommerce. This one system architecture eliminates redundant data entry and the cost associated with managing multiple systems for finance, sales, warehouse management, customer support and ecommerce. NetSuite includes user dashboards which give real-time data and applications appropriate for their jobs. NetSuite is an on-demand solution, allowing the application to be accessed anytime, anywhere, while eliminating the cost of managing, maintaining and upgrading business applications.

The companies that switched to NetSuite span a wide spectrum of industries from software, telecommunications, wholesale/distribution, retail, to services and ecommerce.

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