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NetSuite is the world's leading provider of cloud-based business management software. The company’s solutions help organizations manage core business processes with a single, integrated system covering ERP/financials, CRM, e-commerce, inventory and more.
NetSuite also offers industry-specific solutions for professional services, software, wholesale distribution, manufacturing and ecommerce. NetSuite OneWorld helps global, multi-company organizations manage subsidiaries better with robust multinational, multi-currency support.
Founded in 1998, NetSuite (NYSE: N) is headquartered in Silicon Valley with more than 2,000 employees across nine offices throughout the U.S., Canada, Europe, Asia and Australia. More than 16,000 high-growth and midsized companies and divisions of large enterprises use NetSuite to run more effectively without the high costs and inefficiency of on-premise systems.
Cognizant is partnering with NetSuite to help our customers achieve their strategic goals of global efficiency, cost reduction and regulatory compliance. Using NetSuite’s software and Cognizant’s services, a growing number of enterprises are migrating from a single-instance ERP system to a two-tier strategy that combines the stability of on-premise ERP with the agility of cloud ERP to create a hybrid environment. On-premise ERP systems function as “systems of record,” or “a single source of the truth” for corporate data, while cloud ERP systems act as “systems of engagement,” which are more interaction-focused and geared toward serving customers, employees and partners. NetSuite provides a mature, scalable and proven cloud-ERP solution to enable our customers to execute on their two-tier strategy.
In Cognizant’s work with clients worldwide, we have found the best ERP standardization model is not necessarily the least complex or even the one with the lowest total cost. The best model, rather, is the one that fits an organization’s specific structure and the critical market challenges it faces.
We have developed a three-dimensional approach that focuses on platforms, people and processes to meet the needs of companies in virtually all industries. The approach also enables organizations to deliver functions and services required by employees and business partners. With help from NetSuite and others, we deliver these ERP solutions by leveraging our cloud applications portfolio and Cognizant’s define-deliver-innovate (DDI) methodology.