When it comes to cloud technology, NetSuite is dedicated to following the “true cloud model.” In a recent vendor briefing, we gained some insight onto the NetSuite Cloud ERP technology strategy and plans for the future.
Fake Cloud vs. True Cloud
One of the main points covered during the session is this issue of the “true cloud.” NetSuite argues there is only one true cloud, and what many people believe to be cloud offerings are simply hosted solutions. Here is NetSuite’s breakdown of “Fake Cloud vs. Real Cloud”
|Fake cloud||Real cloud|
|Single tenant||Multi tenant|
|Pre-Internet||Designed for the Internet|
On-premise vs. Cloud
After detailing fake cloud vs. real cloud, Netsuite backed up a bit to get the picture overall: what is the real difference between on-premise ERP and cloud ERP? Here are a few items that are the backbone of NetSuite cloud ERP technology:
- Shorter implementation and deployment time
- Allows for a business transformation engagement rather than an infrastructure project
- $170 Million committed to one version of software
- Lower total cost of ownership (TCO)
Common NetSuite Cloud ERP Technology Myths
To further clarify what it truly means to follow the cloud, NetSuite took this briefing opportunity to dispel two of the biggest myths about the NetSuite Cloud ERP technology.
- Myth #1 – Cloud technology limits customization: From personalized dashboards and custom forms or fields to SuiteApp and web services integration, there are various levels of customization available to all NetSuite customers.
- Myth #2 – The NetSuite Cloud ERP Technology is not scalable: With 24,000 customers running the same version of software generating trillions of business records and system notes and billions of custom records, along with over 300 million sent email messages and 60 million packages shipped every year, NetSuite’s multi-tenant, single version, SaaS solution is capable of handling the transactional volume of even the largest enterprises. As a testament to their scalability, NetSuite cites customers like GoPro who went from seven employees to an IPO and over 1,000 employees as a NetSuite customer.
Ultra’s Thoughts on the NetSuite Cloud ERP Technology
Being focused on manufacturing and distribution only, Ultra is seeing NetSuite begin to penetrate the mid-market manufacturing and distribution space that is our target market. Their innovation and commitment to invest in product development is making them more competitive. Cloud ERP offerings are more widely accepted than in years past, more and more companies are mobile and/or working remotely, and, combined with a growing need for manufacturers and distributors to integrate ecommerce solutions, we expect continued growth and market penetration from NetSuite cloud ERP in the manufacturing and distribution industries.
To learn more about the NetSuite Cloud ERP technology, visit their website.