Internet Search and Advertising Leader Embraces the NetSuite Cloud
SAN MATEO, Calif. – February 24, 2010 – NetSuite Inc. (NYSE: N), a leading
vendor of cloud computing business management software suites, today
announced that Vertro, Inc. (NasdaqGM: VTRO), an Internet search and content
leader, has moved its ERP operation to the NetSuite cloud. Vertro now
manages its accounting, vendor relationships, and financial consolidation
for its multiple subsidiaries, located around the world, with NetSuite
OneWorld. Vertro selected NetSuite OneWorld to replace SAP BusinessOne. For
more information about switching from SAP to NetSuite OneWorld, please visit
www.netsuite.com/sap-crossroads
c=NLCORP&__r=55114946&__h=53a7ef94c3be676b49f7&_od=aHR0cHM6Ly9mb3Jtcy5uZXRzd
Wl0ZS5jb20*&url=http://www.netsuite.com/sap-crossroads> .
Vertro, which provides millions of home pages and / or toolbars to Internet
users, selected NetSuite OneWorld to replace its SAP BusinessOne
installation. In the old environment, subsidiary rollup had to be managed by
a cumbersome bolt-on interface, data entry for transactions was tedious, and
the CRM support was not integrated. Additionally, the accounting package was
“client-based” causing the company to incur additional IT staffing,
hardware, administrative, and maintenance expense. Now Vertro entrusts its
financial operation, including key procure-to-pay and order-to-cash
processes, to NetSuite OneWorld.
“SAP BusinessOne wasn’t the right fit for our changing needs,” said Mike
Cutler, Vertro CFO. “NetSuite’s power and simplicity sold us. Our financial
operations are streamlined, our IT support costs are minimal, the reporting
serves both the financial and managerial needs, and our Sarbanes-Oxley
compliance becomes much easier. This design is exactly what we need.”
NetSuite OneWorld was designed from the ground up for modern enterprises
with wide operating footprints but a lean operating model – perfect for
Vertro, which operates in the United States, United Kingdom, France,
Germany, Ireland, Italy, and Spain.
NetSuite enabled Vertro to dramatically simplify order codes and achieve
greater financial consolidation under root accounts to make reporting and
navigation easier. Since adopting NetSuite, Vertro has benefited from
superior customization and control over invoice presentation, improved
expense management, and enhanced visibility into the company’s pipeline. “I
wish we had NetSuite six years ago,” Cutler said.
Vertro joins the growing list of companies turning away from legacy ERP
solutions such as SAP in favor of modern, efficient, environmentally
friendly cloud computing from NetSuite. On the strength of technologies such
as NetSuite OneWorld and SuiteCloud Connect, NetSuite is recognized as a Top
Ten ERP vendor by revenue in North America by Gartner Dataquest, the first
pure cloud computing provider to reach that milestone.
For more information about NetSuite Inc., please visit www.netsuite.com
c=NLCORP&__r=55114946&__h=53a7ef94c3be676b49f7&_od=aHR0cHM6Ly9mb3Jtcy5uZXRzd
Wl0ZS5jb20*&url=http://www.netsuite.com/> .
NOTE: NetSuite and the NetSuite logo are registered service marks of
NetSuite Inc.
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