Study Reveals The Top Reasons For Switching ERP Providers

LONDON, Dec. 4, 2013 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced the top reasons businesses, in a recent survey conducted by YouGov, would replace their existing on-premise ERP systems. According to the study:

• 36 percent want to reduce IT costs and maintenance
• 28 percent believe that superior or cheaper alternatives are available
• 25 percent want more flexible access to their business information, including via mobile devices
• 24 percent want to streamline and automate manual business processes
• 19 percent believe their on-premise solution is unable to handle its finances and scale with their company's growth

These reasons all point towards the need for a cloud-based ERP system that frees organisations from the challenges typically associated with on-premise systems such as costly software updates, a lack of mobility and disparate systems. Despite this obvious need to move to the cloud, the research also revealed that almost half (44 percent) of the respondents using Sage ERP don't believe Sage has a strategy to get them into the cloud.

The study, sponsored by NetSuite, was conducted by YouGov UK earlier in 2013. It questioned 531 ERP decision makers (including CFOs and finance directors), 187 of which use Sage and 441 of which are using on-premise ERP systems, in UK businesses with 50 to 1,000 employees. Seventy percent of the respondents were at the Director level or higher.

"Using software that was originally developed before the Internet age is a sure way to stifle your growth ambitions. The reasons these companies give for moving away from their existing provider points straight towards the need for a cloud-based solution," said Pete Daffern, President of NetSuite EMEA & EVP of Verticals. "Finance leaders need to break free of the constraints of their legacy applications to find new ways to drive efficiency and reliability, whilst scaling for growth."

These results come at a time when NetSuite has taken first place in the Best Financials and ERP Software category in AccountingWEB's Software Satisfaction Awards 2013. UK software users chose NetSuite for the ERP crown over seven other shortlisted entries including Sage 200, Microsoft Dynamics GP and SAP Business One due to NetSuite's comprehensive functionality and sophistication, as well as its high quality customer support.

Ambitious businesses see scalable, reliable and automated solutions and processes as a must as they apply their energy and focus to growth. Technology which is unable to meet these demands and support strategic goals will seriously constrain operations and expansion. NetSuite enables businesses to transform their performance by taking their systems online, and manage their operations end-to-end with one integrated cloud-based application – from accounting, inventory and sales through to customer support and commerce. Award-winning companies such as international taxi app Hailo, children's travel product manufacturer and retailer Trunki, Siracom, SOI Group, Islabikes and Blitz Sport have all successfully moved from Sage on-premise offerings to NetSuite's integrated cloud-based solutions over the last year. They did so to lower costs, streamline key business processes, boost productivity and competitiveness; and joined the more than five-hundred organisations which have done the same. Those interested in finding out more can do so at www.netsuite.co.uk/Sage.

Today, more than 16,000 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 organisations 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 YouGov

YouGov is an international, full service market research agency offering added value consultancy, qualitative research, field and tab services, syndicated products such as the daily brand perception tracker BrandIndex and social media analysis tool SoMA, fast turnaround omnibus and comprehensive SixthSense market intelligence reports. YouGov's sector specialist teams serve financial, media, technology and telecoms, FMCG and public sector markets.

YouGov is considered a pioneer of online market research and has a panel of 2.5 million people worldwide, including over 350,000 people in the UK representing all age groups, socio-economic groups and other demographic types. As the most quoted market research agency in the UK, YouGov has a well-documented and published track record illustrating the accuracy of its survey methods.

For further information visit www.yougov.co.uk

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SOURCE NetSuite Inc.