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NetSuite Adds ERP Modules To Online CRM

2005-01-28 23:57:00

NetSuite this week launched a pair of add-on enterprise resource planning modules (ERP) to its hosted customer relationship management software, and aimed the modules at mid-sized companies.

NetSuite Revenue Recognition Module and NetSuite Advanced Financials Module both combine with NetSuite, the San Mateo, Calif.-based company's flagship hosted software.

"With this advanced ERP, we're taking companies off the near abacus-like financial tools they're using and putting the more sophisticated tools they need in their hands to manage the complexities of their businesses," said Zach Nelson, the chief executive of NetSuite, in a statement.

Revenue Recognition provides a system of checks and balances for review, approval, and execution of revenue, said NetSuite, and is designed to help companies keep in compliance with accounting standards such as GAAP. This module is available now and costs $499 a month.

Advanced Financials Module, meanwhile, includes a number of tools that let managers allocate costs by account, class, department, or location; automate billing schedules and commission payments; create multiple budgets to account for several scenarios; and work on budgets offline by using spreadsheets, then importing the results into NetSuite. The financials module is also available immediately, but is priced at $199 per month.

MyDoom Turns 1, Impact Grows
One year after the debut of the MyDoom - one of 2004's nastiest pieces of malicious code - security experts on Friday reviewed its impact and pegged the worm as a major milestone in malicious code.
Verizon Picks Microsoft For IPTV Software
Verizon announced Friday that it will use Microsoft's TV platform for its future fiber-based digital television services, giving the Redmond software giant a second recent big win in a field it's tried to break into for years.
Apple Edges Google In Branding Survey
Apple Computer, riding renewed name recognition from its iPod music player, has moved into first place in a poll of branding professionals. Apple edged out Google for the top spot in global recognition, according to the poll's results, which were announced Monday.
Firefox 1.1's Release Pushed Back To June
The next version of the popular open-source Firefox will likely show up in June of 2005, not March as earlier expected, the browser's lead engineer wrote this weekend in his blog.
CipherTrust: Mail Senders 'Guilty Until Proven Innocent'
A week after Symantec entered the e-mail security appliance market, on Monday rival CipherTrust, which makes and sells the popular IronMail appliance series, announced a revised reputation service that produces a relevant "bad message/good message" score from mail originating at any IP address in the world.
Time Warner Cable Plans To Carry AOL
Time Warner Cable on Monday announced that it would offer America Online Inc.'s services and a customized version of its portal in a deal that's expected to boost the cable company's Internet business and expand AOL's advertising footprint.
Tivo: Developers Wanted
TiVo Inc. on Monday unveiled software tools that it hopes developers will use to build home-entertainment applications and services for the company's digital set-top box.
Consumers Turn Noses Up To Home Networking
The majority of consumers who do not have a home network see no reason to get one, a sign that companies will need to intensify efforts to set the foundation for the digital home, a research firm said Monday.
Yahoo Expands Financial Services
Yahoo Inc. on Monday started moving stock quotes directly from the nation's three largest stock exchanges on its own site, and launched a new financial data distribution service.
MobiTV Expands Into The Midwest
Idetic Inc. on Monday launched its television service for the wireless phone in three Midwestern states.


   
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