Free press releases distribution network?

More news: Software
Agency / Source: NetSuite, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



NetSuite OneWorld Powers Another Tech IPO - Talent management software provider cornerstone OnDemand transitions financial processes to the cloud using NetSuite's real-time global business management solution (NYSE: N) (Nasdaq: CSOD)
NetSuite OneWorld Powers Another Tech IPO

 

PRZOOM - /newswire/ - San Mateo, CA, United States, 2011/04/28 - Talent management software provider cornerstone OnDemand transitions financial processes to the cloud using NetSuite's real-time global business management solution (NYSE: N) (Nasdaq: CSOD). NYSE: N; ORCL

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

NetSuite, Inc., the industry's leading provider of cloud-based financials / ERP software suites, today announced that learning and talent management software provider Cornerstone OnDemand is using NetSuite OneWorld, the world's first and only cloud software system to deliver real-time global business management and financial consolidation to companies with multinational and multi-subsidiary operations. Implementing the system has allowed Cornerstone to standardize and manage several key financial processes – such as compliance, financial consolidation, advanced revenue recognition, and client billing and renewals — through a centralized system, helping to provide the business systems needed to successfully complete the company's March 2011 initial public offering. Cornerstone joins hundreds of the most innovative software companies, as well as leading public SaaS companies using NetSuite OneWorld to automate their core business processes.

"The deep functionality and easy configurability of NetSuite's technologies allowed us to transition many of our financial processes to the cloud in less than six months," said Perry Wallack, Chief Financial Officer for Cornerstone OnDemand. "Automating key business processes through NetSuite OneWorld provides us with the scalability necessary to support the growth and globalization of our organization. And, it provides the controls necessary to address the scrutiny of the public markets."

As a global Software-as-a-Service (SaaS) provider, Cornerstone is subject to a variety of revenue recognition regulations, including EITF 08-01 (ASU 2009-13). NetSuite OneWorld gave Cornerstone a proven international ERP solution that delivers EITF 08-01 revenue recognition compliance, as well as SOX compliance tools. NetSuite OneWorld also enabled Cornerstone OnDemand to retroactively apply EITF 08-01 standards to its contracts going back to 2005, ensuring a deep history of consistent data.

Greater flexibility in accounting and reporting have resulted in improved time savings for Cornerstone's customer management processes and made billing a painless process. With full, transparent support for multiple currencies, NetSuite OneWorld has helped to simplify the company's billing, purchasing, expense allocation and invoicing. The software solution's sophisticated revenue recognition support also has made it easier for Cornerstone to properly account for revenue at each stage of a customer's service contract, as well as account for more complex contract arrangements.

NetSuite OneWorld: The Top Choice for Global Software Companies
NetSuite OneWorld delivers the right combination of scalability, flexibility and cost-effectiveness, which is why NetSuite's cloud-based ERP suite is the solution of choice for Cornerstone and hundreds of other companies in the software industry. The world's first and most powerful cloud ERP solution for complex, multi-national companies, NetSuite OneWorld meets the needs of global software companies with built-in support for real-time multi-subsidiary financial consolidation and reporting, multi-currency, multi-national taxation rules and unified real-time views into the business performance of each and every subsidiary.

NetSuite OneWorld is uniquely positioned to serve today's software firms, both private and public, by providing an integrated, focused set of functionality for software companies. With NetSuite OneWorld, software companies are able to focus on innovation and growth while enjoying streamlined billing and renewal processes, accurate financial reporting and the ability to meet revenue recognition requirements and comply with the new Financial Accounting Standards Board (FASB) rules for multi-element sales, known as EITF 08–01 (ASU 2009-13) and EITF 09–03 (ASU 2009-14).

Follow NetSuite's Cloud blog, NetSuite's Facebook page and [.]NetSuite Twitter handle for real-time updates. To join the conversation on Twitter, use #NetSuite #CornerstoneInc.

For more information about NetSuite, please visit netsuite.com.

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

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: NetSuite, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


NetSuite OneWorld Powers Another Tech IPO

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Mei Li - NetSuite.com 
650-627-1063 meili[.]netsuite.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any NetSuite, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From NetSuite, Inc. / Company Profile


Read Software Most Recent Related Press Releases:

CommutAir Leverages The Weather Company, an IBM Business, to Harness the Power of Big Data from the Tarmac
Leading Independent Research Firm Cites TIBCO as a Strong Performer in Insight Platform Report
Saba Named a Leader in Learning and Performance Management
Infor Recognized as Top Retail Software Provider in 2016 RIS News LeaderBoard
IBM Debuts Blockchain Ecosystem to Help Accelerate Growth of Networks on Hyperledger Fabric
Permanent TSB to Improve Contact Centre Performance and Compliance with Noble Systems Composer Real-Time Speech Analytics
Rush Health Selects InterSystems HealthShare to Integrate Health Records, Support Value-Based Care
IBM Launches New Bluemix Services with GitHub and Slack Integration to Speed App Development in the Cloud
Yellowfin Launches Analytics Industry’s First Virtualized Integrated Data Preparation Module
TIBCO Releases TIBCO Mashery Local API Management Solution for Hybrid Gateway Deployments

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today