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CallidusCloud Replaces 14 Separate Applications With Move To NetSuite OneWorld

CallidusCloud Replaces 14 Separate Applications With Move To NetSuite OneWorld

Reduces Applications Spending by More Than 30 Percent in Move to Single System
to Run its $100M Revenue, Publicly-Traded Business

NetSuite OneWorld Supports 190 Currencies, 19 Languages and Automated Tax
Compliance in 40+ Countries for CallidusCloud

PR Newswire

SAN MATEO, Calif., Jan. 31, 2013

SAN MATEO, Calif., Jan. 31, 2013 /PRNewswire/ --NetSuite Inc. (NYSE: N), the
industry's leading provider of cloud-based financials / ERP software suites,
today announced that CallidusCloud®, a leading provider of cloud-based sales
performance management, training, hiring and marketing software solutions, has
transformed its global business and IT efficiency by implementing NetSuite
OneWorld to replace an "IT nightmare" of 14 disparate business applications,
including ERP and CRM. The large-scale implementation utilizes NetSuite
OneWorld for real-time management and global financial consolidation across
seven subsidiaries in Europe, Asia and Australia and to automate
multi-currency transactions with customers in nearly 140 countries. NetSuite
OneWorld also supports the company's merger and acquisition strategy by
enabling rapid 30- to 45-day onboarding of new business entities, exceedingly
faster than deploying on-premise ERP software. CallidusCloud takes advantage
of NetSuite's sophisticated revenue recognition functionality tailored for
software companies to more effectively recognize complex, deferred and
multi-element sales and service revenue. The company also uses the NetSuite
OpenAir professional services automation (PSA) solution to streamline project
management, resource utilization and time and expense reporting across its
services team of 100+ consultants and integrators. For more information on
NetSuite OneWorld, please visit www.netsuite.com/oneworldpr.

NetSuite OneWorld has improved end-to-end cross-enterprise business visibility
and performance for the fast-growing company. Spanning financials / ERP, CRM,
service delivery and more in a single, integrated global solution, NetSuite
has enabled CallidusCloud, based in Pleasanton, Calif., to realize a complete
360-degree view of its business, customers and partners, something that was
impossible with its previous patchwork of ERP, CRM, marketing, and a myriad of
additional tax and financial solutions along with other unintegrated, ad hoc
applications. With NetSuite, executives and managers make better, data-driven
decisions based on real-time business metrics and have the ability to
drill-down into customer, financial and opportunity detail. Additionally,
management gets enhanced reporting capabilities with anytime anywhere access
to key measures and reports through personalized real-time dashboards,
substantially reducing the need for IT involvement.

On a global basis, NetSuite OneWorld, with support for 190 currencies, 19
languages and automated tax compliance in more than 40 countries, gives
CallidusCloud new capabilities to manage its global subsidiaries, seamlessly
conduct international business and rapidly incorporate distributed business
entities into its corporate framework in the event of a merger or acquisition.
CallidusCloud is on track to reduce its monthly global financial close times
from seven days to five, while speeding its order-to-cash processes and
generating a highly visible and trusted data set that is important for
auditability and regulatory compliance. Across the business, CallidusCloud is
replacing the long delays of its previous application patchwork with on-demand
visibility into real-time data, while reducing infrastructure costs through
elimination of on-premise servers and back-up systems.

"We are experiencing rapid growth and needed a system that would enable us to
scale to the next level," said Scott Baumgarter, CallidusCloud Vice President
of Finance. "Using NetSuite to run all our business processes under one cloud
solution gives us the efficiency and visibility we need to support our
expanding business. NetSuite is very well versed in the complexity of revenue
recognition, and that is proving to be a very big benefit."

"NetSuite is our system of record and it's fantastic. Previously we had an
application patchwork that was an IT nightmare, and NetSuite completely
changed that," said Shamyo Chatterjee, CallidusCloud Chief Information
Officer. "We have a complete 360-degree view of our customers and our
business. We are very excited to take our implementation to the next level and
provide an enterprise view across all subsidiaries within the CallidusCloud
family."

CallidusCloud's NetSuite deployment further strengthens a partnership between
the two companies in delivering an optimized solution for organizations to
improve their sales performance by seamlessly leveraging CallidusCloud
solutions on top of NetSuite's core financials / ERP and CRM suite. With the
joint solution, sales professionals can access real-time updates to quota and
target earnings performance within the context of each opportunity, helping to
improve sales execution, while the training solution enables sales people to
identify and coach on winning strategies as part of their daily tasks. Sales
operations and finance professionals can access critical sales force activity
and pipeline data to gain early insight into earnings and revenue results, and
then process post-sales data to close the loop with accurate quote performance
and incentive payments.

Today, more than 12,000 companies and subsidiaries depend on NetSuite to run
complex, mission-critical business processes globally in the cloud. Since its
inception in 1998, NetSuite has established itself as the leading provider of
enterprise-class cloud business management 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 in 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/financials suites to
businesses around the world, enabling them to lower IT costs significantly
while increasing productivity, as the global adoption of the cloud is
accelerating.

About CallidusCloud
Callidus Software Inc. (NASDAQ:CALD), doing business as CallidusCloud®, is a
leading provider of cloud software. CallidusCloud enables organizations to
drive performance and productivity across their business with its hiring,
learning, marketing and selling clouds. From back office to the field, from
desktop to mobile, CallidusCloud ensures that organizations have the right
tools to be more effective and perform better. The combined power of Callidus
clouds, people and partners fuels growth, empowers the work force and delivers
real value. CallidusCloud drives performance and productivity for over 1,500
leading organizations. Small, medium and large enterprises across multiple
industries and geographies rely on CallidusCloud for quicker hiring, simpler
learning, better marketing and smarter selling. For more information, please
visit www.calliduscloud.com.

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.

(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