April 29, 2004

NetSuite Adds Agriculture Vertical Customer Wins

I usually do not include full press releases, but this press release clearly showcases the benefits of technology in a business.

Press Release: NetSuite, Inc., announced new in-roads in the agriculture vertical market by signing up new customers, including Central Valley Processing (former Peachtree user), a large almond processing company in central California; Alligator River Growers (former ACCPAC user), a 4,000 acre husband-wife run farm in North Carolina; and Snapperfarm, Inc., a fish farm based in Culebra, Puerto Rico. NetSuite and its customers are holding a Webinar on April 28 at 11:00 a.m. PST to discuss the opportunities to manage agricultural business processes using new Web-based technology.

These companies have chosen NetSuite to automate their financials, inventory management, marketing, and sales operations. Their decisions are based on a number of key factors including NetSuite's powerful financials, inventory, and payroll technology; marketing, sales, and customer relationship management automation; and its distributed, Web-based architecture. Additionally, NetSuite's advanced customization technology gives them the ability to tailor NetSuite to meet their specific needs in the agriculture industry.

Central Valley Processing, for example, as one of the world's top six almond processing companies -- processing 27 million pounds of almonds annually -- turned to NetSuite after being frustrated with One Write Plus from Peachtree, and the fact that stand-alone software packages were not able to accommodate the company's growth. As a result of standardizing the whole company's operations on NetSuite, Central Valley Processing has seen immediate ROI and has saved millions of dollars. The company can now run its entire business from lead, to sale, to customer support, to financials to employee management, all with one software application.

"Now that we've been using NetSuite, we could not think about operating the company without it -- not just saving the company money, but saving the company," said Mayo P. Ryan, Central Valley Processing's Chief Financial Officer. "Without NetSuite we could not execute on our business plan. We're looking at NetSuite as a key factor in our survival and future success."

Snapperfarm, Inc., an offshore fish farm based in Culebra, an island off the coast of Puerto Rico, especially likes the Dashboard feature of NetSuite. "As our farm is expanding to multiple locations along the Atlantic seaboard, we have realized that NetSuite is the ideal way for us to do business from anywhere," said James Reilly, CFO of Snapperfarm, Inc. (www.snapperfarm.com). "It's incredible to have everything right on my Dashboard -- current information about our fish, our customers, vendors and partners -- and to be able to access and modify that information whether I'm in New York City or in the middle of the Caribbean."

NetSuite enables companies to manage all key business operations in a single, integrated system, which includes customer relationship management; order management and fulfillment; inventory management; finance; e-commerce and Web site management; and employee productivity. NetSuite is delivered as an on-demand service, so there is no hardware to procure, no large, up-front license fee, and no complex set-ups. Finally, NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use user interface with role-specific portal views of the application.

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