NetSuite, Inc., 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services organizations can quickly realize benefits by moving to the cloud and NetSuite OneWorld SRP, abandoning outdated on-premise software systems, ad hoc spreadsheets and email lists to manage critical client projects.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.
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 (netsuite.com) 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 (owmobility.com) 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.
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