In an IDC Marketscape report published on September, 2017, NetSuite was named a Leader in Worldwide SaaS and Cloud-Enabled Midmarket ERP Applications.
NetSuite was one of 10 companies evaluated based on a wide range of criteria that included customer satisfaction (based on interviews with 35 references), financial stability, functionality, range of services, SaaS capabilities and total cost of ownership.
“The ability of NetSuite financial application to handle multicompany, multisite, multiple language, and multicurrencies sets NetSuite apart from many other vendors in the financial applications market,” the IDC MarketScape report states.
The report also credited NetSuite’s revenue management and advanced billing, data security and employee access, and the NetSuite SuiteCloud development platform.
The IDC Marketscape report notes a number of trends driving change in cloud-enabled finance and accounting software. Notably, “digital transformation is fundamentally changing financial applications, allowing businesses to transform their decision making, which is enhancing their business outcomes significantly as we enter the digital economy,” the report states.
In 1998, NetSuite pioneered the Cloud Computing revolution, establishing the world’s first company dedicated to delivering business applications over the Internet. Today, NetSuite provides a suite of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software that runs the business of more than 30,000 companies, organizations, and subsidiaries in more than 100 countries. For more information about NetSuite, please visit www.netsuite.com.