Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

NetSuite's Cloud Computing Platform Enables The "Green Economy"

Wed. July 15, 2009; Posted: 11:06 AM
Stocks RSS
San Mateo, CA, Jul 15, 2009 (PRWeb.com via COMTEX) -- 843068Z | Quote | Chart | News | PowerRating -- NetSuite Inc. (NYSE: N), a leading vendor of cloud computing (http://www.netsuite.com/portal/platform/main.shtml) business management software suites, today announced a special sales program that makes it easy and cost effective for companies focused on energy-saving "green" technologies and business models to acquire NetSuite's software for Enterprise Resource Planning (http://www.netsuite.com/portal/products/netsuite/accounting-erp-overview.shtml) (ERP (http://www.netsuite.com/portal/products/netsuite/accounting-erp-overview.shtml)), Customer Relationship Management (CRM) and Ecommerce. The new program, which features a first-year 50% discount on the company's full on-demand business suite, is a key part of NetSuite's ongoing effort to enable the "green economy" by recognizing and supporting progressive-minded organizations that want to move their key business computing resources to NetSuite's energy-efficient cloud computing infrastructure.

Organizations that can show proof of membership in associations such as the Solar Industries Association, Sustainable Buildings Industry Council, American Wind Energy Association, U.S. Green Building Council, or other "green" associations are eligible to receive a 50% discount off NetSuite's first-year subscription fees for all users. The offer is active until December 31, 2009. Current NetSuite customers signing up under the promotion will receive a 10% renewal price cap for subsequent years. Because NetSuite manages enterprise software systems in a centralized, highly secure datacenter, customers need not replicate a costly, energy-hungry datacenter environment of their own. By vastly reducing the need for servers and support equipment, such as server room air conditioning, the average NetSuite customer can cut its electricity bill by more than $10,000 per year. When added to the overall costs of hardware, software licenses, maintenance, personnel and occupancy, cost reductions can exceed $100,000 per year. A recent study by third-party consultant Greenspace determined that NetSuite's shared SaaS architecture last year saved its customers more than $61 million in energy bills. Please see the accompanying press release at www.netsuite.com.

Many companies are already capitalizing on the green benefits of NetSuite's cloud computing platform. These companies include: ZENN Motor Company (www.zenncars.com), based in Toronto, Ontario, Canada, is positioning itself to be the global leader in zero-emission transportation solutions around the world. The flagship ZENN (Zero Emissions, No Noise) car is designed to supplant high-pollution, 20th century technologies with new and innovative designs--just like NetSuite. ZENN Motor has relied on NetSuite for years to provide a consistent and ecologically sound platform for growth. "After three years of using NetSuite we are very pleased with its stability and with the technical support team, who always helps us out," said Larry Schreiner, ZENN Motor Company CFO. "With NetSuite we're now emailing all our invoices, which saves us paper, toner, and the time and hassle of dealing with the printer. It really is helping our entire company become more efficient." Ozone Solutions (www.ozonesolutions.com), based in Hull, Iowa, is the largest online distributor of ozone equipment, often used as an environmentally sound alternative in industrial fields such as fire restoration, cooling, soil remediation, and food processing. NetSuite has helped Ozone Solutions virtually eliminate the use of paper company-wide. "NetSuite has given us 100% electronic communications between our front office operations and the back office, reducing 90% of our paper production and waste," says Scott Postma, VP of Engineering at Ozone Solutions. YUDU Media (www.yudu.com), located in London and Boston, MA, is an award-winning provider of innovative digital publishing solutions for magazines, newspapers, catalogues and books, offering customers all over the world the greener alternative to printed publications. The YUDU Publishing system was designed so that each publication has the lowest possible electronic footprint, whilst maintaining the highest quality viewing experience. YUDU came on board with NetSuite in 2007 and uses it for payments and invoices, marketing, and other functionality. "We pride ourselves on being carbon neutral yet we can only do this with the help of other environmentally conscious companies such as NetSuite," said Lisa Moore, Marketing Manager, YUDU. "The company has assisted us hugely by reducing our need for offline administration. We now e-mail all our invoices to clients, which is especially good as many of them are based overseas. Also our payment gateway centre is run through NetSuite via WorldPay. NetSuite is very much on our wavelength, not just with its technology, but also with its firm commitment to the environment." Eco-Bags (www.ecobags.com), based in Ossining, New York, sells customizable and reusable bags and bottles to Earth-friendly customers. NetSuite's focus on shared resources and strategic re-use is a perfect fit for the company, which emphasizes durable and sustainable products over mass quantities of disposable containers. "Since using NetSuite, Ecobags.com has grown exponentially by saving on cost and resources--and our business is all about reducing waste!" says Sharon Rowe, Eco-Bags CEO. "NetSuite's integrated platform helps us reduce the need to rely on multiple, unneeded systems. And with NetSuite all of our warehouses receive our orders electronically--making our business faster and more energy efficient." ProSoap (www.prosoap.com), based in Rockwall, Texas, has for over 30 years been manufacturing and distributing powerful, biodegradable hand cleaners to "working hands" businesses such as machine shops, auto repair professionals, hospitals, and mines. The company delivers effective, environmentally sound solutions to its customers--making NetSuite a perfect fit. "Not having servers onsite in Texas, where it can take a lot of air conditioning equipment to keep them at a cool temperature, is saving us a lot in energy costs," says Billy Self, President of ProSoap. "We also have become a virtually paperless office. Previously we were going through a ream of paper every two days. Now we go through one every three weeks. The only paper we go through is with customers who don't have a fax or email." For more information about NetSuite, please visit www.netsuite.com.

NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.

###

Read the full story at http://www.prweb.com/releases/netsuite/green/prweb2642984.htm.

PRWeb.com
For full details for 843068Z click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [843068Z]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.