Welcome!

Recurring Revenue Authors: Yeshim Deniz, Elizabeth White, Liz McMillan, Carmen Gonzalez, Pat Romanski

News Feed Item

Openwave Mobility Deploys NetSuite OneWorld Services Resource Planning (SRP) Across 15 Subsidiaries In 18 Countries

Global Leader Moves from On-Premise ERP to Cloud NetSuite in Only 2.5 Months

SAN MATEO, Calif. and REDWOOD CITY, Calif., Nov. 7, 2012 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, and Openwave Mobility, a global software innovator of value-added services for the mobile telecommunications industry, announced today that Openwave Mobility has gone live on NetSuite OneWorld Services Resource Planning (SRP) for global professional services automation (PSA) after a rapid implementation achieved in just 2½ months. Openwave Mobility relies on NetSuite OneWorld SRP for global management of financial consolidation, revenue recognition, accounting across multiple currencies, subsidiaries, geographies and tax jurisdictions, as well as project management and resource management in real-time. NetSuite OneWorld SRP gives Openwave Mobility the speed of implementation, agility and flexibility it needs to manage 15 subsidiaries in 18 countries across North America, Europe, Middle East, Asia, Africa and Australia while having control and visibility for its services businesses.

NetSuite OneWorld SRP delivers end-to-end cloud business management for global software companies that offer professional services, from project management, resource management, marketing, skills tracking, service delivery, billing, revenue and financial management, new client acquisition to driving repeat business from existing clients. With support for 190 currencies, 19 languages and automated tax compliance in 40+ countries, NetSuite OneWorld SRP enables services organizations within global software companies to manage key drivers of their services business—revenue, utilization, profitability and days sales outstanding (DSO)—from the corporate level down to subsidiaries, geographies and individual projects. Software companies' services organizations can quickly realize benefits by moving to the cloud and NetSuite OneWorld SRP, abandoning outdated on-premise software systems, ad hoc spreadsheets and email lists to manage critical client projects. NetSuite OneWorld SRP allows them to fully take advantage of the dramatic cost savings, service delivery improvements, and productivity benefits of cloud computing. For more information about NetSuite OneWorld SRP, visit http://www.netsuite.com/portal/products/oneworld/global-srp.shtml.

In the Openwave Mobility roll-out, NetSuite Professional Services led an accelerated implementation to deploy the NetSuite cloud technology as the business foundation. Openwave Mobility had a tight timeline. Marlin Equity Partners had acquired the company in early May, and under terms of the acquisition, Openwave Mobility had a limited timeframe to migrate legacy data from an Oracle ERP instance to a new financials /ERP solution. The 2½-month NetSuite implementation was accomplished in roughly one-quarter the time that would have been required to deploy a comparable on-premise ERP system, while avoiding a large up-front capital investment and ongoing maintenance costs of in-house servers, software and storage.

After an evaluation against a competing solution from Epicor, Openwave Mobility selected NetSuite as the cloud platform best suited to quickly implement an integrated business solution tailored to the software industry, with functionality including revenue recognition to streamline accounting of multi-element and deferred revenue sales. Building on core NetSuite capabilities for financials / ERP, the company deployed NetSuite OneWorld SRP to manage global subsidiaries, gaining powerful capabilities for optimize the services business, speed global financial consolidation and achieve real-time visibility into subsidiary services performance. Additionally, NetSuite OneWorld SRP equips Openwave Mobility with capabilities for project management, time and expense reporting, invoicing and resource utilization that are far more efficient and automated than was possible with the pre-acquisition system of Microsoft Project, Exchange and Excel.

"NetSuite proved the ideal solution to meet our unique needs for cloud financials / ERP tailored to the software industry, along with multi-subsidiary management and services resource planning on a global scale," said Kelly Sharpe, CFO, Openwave Mobility. "We now have the tools we need to grow the business. Implementation in just 2½ months is a testament to the dedication and expertise of the Openwave Mobility and NetSuite teams."

"This rapid implementation depended on clear goals, decisiveness and collaboration on the part of both Openwave Mobility and NetSuite Professional Services. Each team executed extremely well," said Tim Dilley, EVP Worldwide Services and Chief Customer Officer at NetSuite. "I'm gratified that we could leverage the deep experience and vertical expertise of our consultants to meet a very aggressive timeline with a complex scope."

Today, more than 12,000 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 financials/ERP suites for divisions of large enterprises and mid-sized organizations 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 Openwave Mobility

Openwave Mobility empowers mobile operators to manage and monetize the growth in mobile video and web traffic. By analyzing the data network and individual subscriber habits, it reduces congestion exactly where it appears while creating new revenues through personalized data plans. The company operates within the policy control and charging space, with solutions including Mobile Video Optimization,Mobile Data Charging, Subscriber Data Management and Mobile Analytics. Openwave Mobility delivers over 25 billion transactions daily and over half a billion subscribers worldwide use data services powered by its solutions. The company's global customer base consists of over 40 of the largest communication service providers including AT&T, Du, KDDI, T-Mobile, Telefonica, Telstra, Virgin Mobile & Vodafone. Openwave Mobility is owned by Marlin Equity Partners, a leading investment firm with over a billion dollars of capital under management that has publicly committed to building the company through expanded investment in R&D. The company has built a robust portfolio of Intellectual Property, which is growing month by month.

For more information about Openwave Mobility, please visit http://www.owmobility.com

Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

For more information about NetSuite, please visit www.netsuite.com.

(Logo: http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b)

SOURCE NetSuite

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, discussed the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insights from the vast t...
SYS-CON Events announced today that EnterpriseTech has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. EnterpriseTech is a professional resource for news and intelligence covering the migration of high-end technologies into the enterprise and business-IT industry, with a special focus on high-tech solutions in new product development, workload management, increased effic...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...