Overview
NetSuite Inc. is a prominent cloud-based enterprise software company, recognized for its extensive suite of business management applications, primarily catering to small and medium-sized businesses (SMBs). Founded in 1998 by Evan Goldberg, NetSuite operates as a subsidiary of Oracle Corporation, headquartered in Austin, Texas. The company's robust portfolio includes Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and e-commerce software, positioning it as one of the early pioneers in cloud computing.
In November 2016, Oracle acquired NetSuite for approximately US$9.3 billion. Evan Goldberg serves as the Executive Vice President, steering the Oracle NetSuite Global Business Unit with a commitment to delivering scalable cloud ERP solutions that span from small enterprises to Fortune 500 companies. NetSuite employs over 4,600 individuals globally and supports more than 40,000 customers.
Products and Services
NetSuite provides a modular suite of cloud-based applications, enabling clients to customize solutions based on business needs. Key offerings include:
- NetSuite ERP: Streamlines core business processes, including finance, HR, and supply chain management.
- NetSuite CRM: Enhances customer interaction management and provides insights for informed business decisions.
- NetSuite OneWorld: Facilitates global business operations with multi-currency, multi-language, and taxation features.
- NetSuite CPQ: Improves sales efficiency with configure, price, and quote capabilities.
- NetSuite Advanced Customer Support: Offers proactive system optimization services.
- SuiteCloud: A platform for third-party applications via SuiteApp.
Recent innovations include AI-driven features such as NetSuite Text Enhance and improved Bill Capture with OCR technologies, reflecting NetSuite's dedication to integrating advanced technology for improved business efficiency.
Leadership
NetSuite's strategic direction and vision are shaped by its leadership team:
- Evan Goldberg (EVP of Development): Founder and driver of product strategy and development.
- David Rodman (SVP of Customer Success): Leads teams in consulting, education, customer support, and client management.
- Gary Wiessinger (SVP of NetSuite Application Development): Heads application development, focusing on cloud innovations.
Recent Developments
NetSuite has reinforced its market position through strategic acquisitions and product expansions:
- Acquisitions like OpenAir and TribeHR have enhanced service and human resource management capabilities.
- Continued integration of AI and ERP advancements underscores its focus on cutting-edge technology.
In 2023, NetSuite marked its 25th anniversary, celebrating its historic contribution to the cloud computing sector. The company aims to further integrate AI capabilities across its suite, enhancing functionality and delivering increased value to its diverse client base.
Executive Profile: Michael J. Anderson
Contact Name: Michael J. Anderson
Title: Chief Sales Officer
Company: NetSuite
Michael J. Anderson has served as NetSuite's Chief Sales Officer for approximately five years, playing a critical role in refining customer acquisition strategies and driving sector growth, specifically in manufacturing, retail, and financial services. His expertise in data analytics has been vital in elevating sales performance and enhancing NetSuite's market penetration.
Strategic Initiatives and Highlights
- Expansion Strategy: Under Anderson's leadership, NetSuite has grown its presence in emerging markets, offering scalable solutions tailored for SMEs.
- Partnerships and Collaborations: Strategic alliances with technology consultants and global resellers have expanded service capabilities and geographic reach.
- Industry Recognition: NetSuite has earned multiple awards for cloud innovation and customer service excellence, reflecting its strong market reputation.
Engagement and Interests
Michael J. Anderson is dedicated to professional development and is an active speaker on cloud-based solution trends and challenges. His focus on AI and machine learning within sales strategies showcases an alignment with forward-thinking industry trends.
Potential Engagement Opportunities
Collaborations focusing on advanced data analytics, process automation, and bespoke cloud solutions are likely to align with Anderson's strategic agendas. Proposals that emphasize cost-efficiency and value creation in these sectors may find substantial resonance.
NetSuite's progressive stance under Anderson's leadership offers significant collaboration prospects for those aiming to expand within the cloud ERP market.
