NetSuite Announces QuickBooks Customers Moving to NetSuite Cloud ERP to Fuel Business Growth

 NetSuite Announces QuickBooks Customers Moving to NetSuite Cloud ERP to Fuel
                               Business Growth

Executives from SOLiD, CIRCA, and Accelerated Claims to Share Post-QuickBooks
Successes at Webinar

PR Newswire

SAN MATEO, Calif., Jan. 28, 2013

SAN MATEO, Calif., Jan. 28, 2013 /PRNewswire/ --NetSuite Inc. (NYSE: N), the
industry's leading provider of cloud-based financials / ERP software suites,
today announced new customer wins among fast growing companies outgrowing
standalone Intuit QuickBooksaccounting software for the greater
functionality, efficiency and capacity for business growth available through
NetSuite's integrated cloud business management software suite. Upgrading to
NetSuite has spared these companies from having to manually re-key data
between QuickBooks and separate application silos for CRM, inventory and order
management, eCommerce, and other core business processes. They have gained
process automation, and real-time visibility into critical business metrics
not possible with QuickBooks and business solutions, and report stronger
business growth by eliminating the ceiling imposed by QuickBooks business
accounting software.

Executives of former QuickBooks users SOLiD, CIRCA and Accelerated Claims will
share their insight into why they upgraded to NetSuite and the benefits they
have derived during a webinar on Wednesday, February 6, 2013, "Why Companies
Are Switching from QuickBooks to the Cloud to Fuel Their Growth." To register
for the webinar click here,  or to learn more about the benefits of moving
from QuickBooks to NetSuite, please visit
http://www.netsuite.com/portal/solutions/quickbooks.shtml.

The latest customers moving up from QuickBooks to NetSuite join thousands of
other companies that have made the switch to support accelerated growth in
revenue, customers, sales channels, geographic markets and more. Typically,
small companies deploy QuickBooks upon starting up business operations, but
once the company grows beyond a handful of employees, they face limitations in
functionality, process synchronization and visibility that inhibit their
growth potential. Primarily accounting software, QuickBooks requires a
business to buy and integrate separate applications to run sales force
management, eCommerce operations, order management, marketing and customer
support. Frustrations with functionality limitations and the high costs and
pain associated with integration forces QuickBooks users to look for something
better to sustain their business growth. The need to manage software and
servers with QuickBooks on-premise applications introduces another pain point
and needless costs for IT services. By upgrading to NetSuite, customers report
that they have been able to:

Improve productivity and operational efficiency. NetSuite supports an entire
company—accounting, sales, fulfillment, order management, inventory, service,
eCommerce and more—eliminating the need to transfer and rekey data between
QuickBooks and other applications.

Enable better, faster decision-making. Real-time, anytime anywhere access to
critical business information in NetSuite enables companies to seize
opportunities and make better decisions with speed and precision.

Gain a platform for unlimited global growth. Used by more than 12,000
companies and subsidiaries in 100+ countries around the world, NetSuite gives
QuickBooks users a breadth and depth of functionality that can help power
virtually unlimited growth. NetSuite includes built-in multi-company,
multi-location, multi-currency, multi-tax, and multi-language capability to
support global expansion across multiple locations and subsidiaries.

Eliminate IT hassles. NetSuite's integrated cloud software eliminates software
integrations and patches, upgrades, hardware maintenance and integration
projects, allowing companies to focus on growing the business.

"QuickBooks can make sense for a small company just starting out, but it can't
keep up as the company grows and adds new users, products, customers, markets
and revenue streams," said Kishore Bhamidipati, Director, NetSuite Product
Marketing. "We've seen time and again how QuickBooks defectors in numerous
industries have thrived in the cloud after coming to the realization that
QuickBooks wasn't the right solution to enable their next stage of growth."

Customers making the switch to NetSuite include SOLiD, CIRCA and Accelerated
Claims:

SOLiD (www.solidtechusa.com), a publicly-traded global telecom solutions
innovator headquartered in Winston, Oregon, tripled its annual revenue in 2012
since going live on NetSuite in October 2011 to run accounting, order and
inventory management, and manufacturing orders with its South Korea-based
parent. NetSuite's cloud solution enables global collaboration between the
U.S. operating arm and the South Korean manufacturer on purchase orders and
specifications, helping the company achieve its objective of having industry's
fastest time to delivery for marquee customers within healthcare, higher
education, sport venues, mass transit and other industries. The superior
visibility gained with NetSuite has enabled SOLiD to reduce sales cycle
response times from 2½ weeks to two hours, while dashboard metrics with
drill-through to detail enables real-time monitoring of revenue, costs,
customers and the sales pipeline. NetSuite CRM has provided SOLiD sales reps
and engineers a real-time view of customers, prospects and orders. NetSuite's
cloud access supports mobility and remote operations for the distributed
company. "With NetSuite, now we control every aspect of our business," said
J.P. Headley, Corporate Controller at SOLiD. "We completed over 2,000
shipments in 2012—we never could have shipped that much gear without
NetSuite."

CIRCA (www.circajewels.com), a leading international "reverse retail" buyer of
fine jewelry, diamonds and watches, has gained new capacity for growth and
enterprise-caliber capabilities for global financials, CRM, inventory and more
since upgrading from QuickBooks to NetSuite OneWorld in mid-2012. Based in New
York City, CIRCA uses NetSuite OneWorld to run subsidiaries in Asia and
Europe, with multi-currency financials, global consolidation, real-time
visibility and local taxation and language support, all without the manual
error-prone work required with its previous solution. NetSuite also enables
CIRCA to run its nine locations in large U.S. cities with one integrated
solution. CIRCA has halved its monthly financial close times from two weeks on
QuickBooks to seven days, while NetSuite inventory management enables the
company to precisely track the location, history and status of high-value
items purchased from the public for resale to jewelry dealers. NetSuite CRM
gives the company a single view of public clients selling jewelry, positioning
it to cultivate repeat business. With NetSuite, CIRCA has a scalable,
customizable platform to sustain the exponential year-over-year growth it has
achieved since the company launched in 2001. "The difference between
QuickBooks and NetSuite is night and day. The reporting functionality in
NetSuite is much better, and with NetSuite dashboards I can monitor the
business with real-time visibility," said Gemell Davis, CIRCA Controller. "In
my role, I have the opportunity to help grow the business rather than being
concerned with issues in QuickBooks."

Accelerated Claims (www.accelclaims.com), which provides services to help
hospitals manage motor vehicle accident claims, is taking advantage of
NetSuite's richly customizable scripting capabilities to more effectively
manage data in different healthcare- and insurance-specific file formats
gathered from nearly 20 client hospitals in the U.S. Southeast, while
streamlining transactions with those hospitals. By replacing standalone
QuickBooks and Sage ACT CRM applications with NetSuite's integrated solution,
Accelerated Claims, based in Kennesaw, Georgia, has a unified view of its
business that has improved efficiency across the board by eliminating the
manual data entry previously required. Compared to QuickBooks, NetSuite
financials has given Accelerated Claims greater visibility and depth of
reporting, helping the company to reduce invoicing cycles from three days to
several hours, while supporting rapid growth for the company ranked #1,643 on
the 2012 Inc. 5000 list. Accelerated Claims managers and in-hospital patient
counselors use NetSuite CRM to manage patient information, benefiting from
ease of use, a fast learning curve and web-based access that company officials
say is far superior to Sage ACT. "We really needed something to help us scale
the business in the future that could tie together financials with customer
information, and we found it with NetSuite," said Phil Wofford, Accelerated
Claims CFO. "Our efficiency has definitely increased, and we have much better
flexibility for reporting and report customization. We're able to better
service the different requirements of our client hospitals."

Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter
handle for real-time updates.

For more information about NetSuite, please visit www.netsuite.com.

NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc.
Third-party trademarks mentioned are the property of their respective owners.
The use of the word partner does not imply a partnership relationship between
NetSuite and any other company.

(Logo: http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b)

SOURCE NetSuite Inc.

Website: http://www.netsuite.com
Contact: Mei Li, NetSuite Inc., +1-650-627-1063, meili@netsuite.com
 
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