Solution Providers Establish Footprint in Professional Services with NetSuite SRP

DENVER and SAN MATEO, Calif., Aug. 11, 2011 /PRNewswire/ -- XCHANGE AMERICAS -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced some of the latest channel businesses to seize the market opportunity created by NetSuite's leadership in the fields of services resource planning (SRP) and professional services automation (PSA). These companies expanded their market offerings and made inroads into the professional services industry through NetSuite's Solution Provider Program in response to the growing market demand for these solutions. The solution providers that have achieved success in delivering NetSuite's SRP to their clients include Rose Financial Services, Sixred, and the Scope Group. Working with NetSuite, these partners gain access to the most powerful solutions available for services-based businesses looking to improve resource utilization, increase project profitability and margins, and reduce administrative overhead. They also benefit from the wealth of opportunities offered by the NetSuite Solution Provider Program, recognized by Everything Channel as one of the best in the industry. For more information about NetSuite's Solution Provider Program, please visit http://bit.ly/NS_SolutionProvider.

NetSuite's services resource planning (SRP) and professional services automation (PSA) software helps services organizations automate and manage key aspects of their business—from resource management to project management, marketing, skills tracking, service delivery, billing, revenue management, and driving repeat business from existing clients. For global services organizations, these solutions enable them to overcome the challenges of global services delivery, including comprehensive support for multiple languages, currencies, taxation rules, and global resource pools, as well as real-time global visibility across their entire business. Quickly realizing benefits by abandoning archaic software systems, ad hoc spreadsheets, and email lists to manage critical client projects, for the first time services organizations can fully take advantage of the dramatic cost savings, service delivery improvement and productivity benefits of cloud computing.

For three consecutive years, NetSuite has been the leader in the Professional Services Automation market. Companies using NetSuite's OpenAir professional services automation (PSA) and services resource planning (SRP) software are among the highest performing when evaluated side-by-side against peer organizations. According to SPI Research, NetSuite owns 20 percent of the market share, while the closest competitor has only 12 percent (Source: SPI Research 2011 Professional Services Maturity Benchmark Report).

"NetSuite gives forward-thinking channel partners the technology and the support they need to help their clients survive and thrive in the highly competitive market for global professional services," said Craig West, NetSuite VP of Channel Sales. "We are pleased to be joined by companies such as Rose Financial Services, Sixred, and Scope Group in helping more companies escape the constraints of on-premise software, and enhance their bottom lines with the world's most powerful and innovative professional services solutions."

NetSuite Enables Solution Providers to Expand Business with SRP and PSA:

Rose Financial Services (www.rosefinancial.com) of Rockville, MD, is the premiere US-Based Accounting and Financial Services Outsourcing Firm. The company's clients, primarily in the government contracting, not-for-profit, and commercial including, international, high-tech and healthcare/biotech fields, have been showing strong demand for cloud-based solutions. Partnering with NetSuite gives Rose Financial the cost-effective, scalable, and fully-integrated finance, accounting, and professional services solution clients need to ensure financial clarity, compliance, and continued growth. "We are excited to integrate NetSuite into our service offering. NetSuite has built and deployed a fully integrated, scalable SRP solution," said Ted Rose, President and CEO of Rose Financial Services. "In conjunction with our Finance and Accounting Outsourcing services, NetSuite is just the solution many of our clients have been demanding."

Sixred (www.sixred.com) of Dallas, TX, is a strategic partner for growing businesses in a wide range of industries. With a core mission statement to level the playing field for small and mid-market companies, Sixred identified NetSuite's SRP and PSA solutions as ideal for clients who have previously struggled to integrate process and data flow between departments, to automate manual processes, and to introduce more accountability and deeper audit trails. "NetSuite's services solutions allow us to expand our market with a more sophisticated offering," said Adnan Patel, Founder and Managing Partner of Sixred. "The combined solution helps us differentiate our business, and makes us more appealing to executive leadership in both the finance and professional services departments."

Scope Group (www.scopegroup-us.com) of Houston, TX, and South Florida, is a consulting organization focused on facilitating growth for small to medium-sized businesses. With a strong concentration of clients in software and professional services, Scope Group was extremely interested in the prospects of expanding its existing ERP-focused partnership with NetSuite. "One of our largest customers adopted the NetSuite OpenAir PSA solution in 2010, which opened our eyes to the tremendous opportunities in this space," said David McGee, Scope Group President. "The truly integrated NetSuite SRP solution delivers on the critical business needs that professional services organizations and project-based companies require, and this provides the Scope Group the ability to pursue larger opportunities and offer more value to our clients."

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SOURCE NetSuite Inc.