Audaxium Blog

Last night NetSuite announced their 2008 Q4 results. You can listen to the audio of that call here.

In listening to the call it was clear to me that the reason why NetSuite was successful, when so many other software companies are having troubles, is that the value offered by NetSuite really stands out in tough times.  It’s a valuable application that is much easier to start using than what we’ve been used to as consumers of enterprise software.

The second thing that stood out was that NetSuite is enabling progressive companies to continue to invest, first to get better now, and secondly to improve for when the economy starts coming back.  Now’s a good time to update systems and NetSuite allows it with it’s pricing model and implementation ease.

NetSuite continues to add customers, improve the application, and increase customer satisfaction.

One thing is for sure, the tone of the call was very positive, and so was the sense that NetSuite is very well aligned with the needs and desires of the customer.  

To read more on the numbers and analysis check out Michael Faucette’s Blog, Dennis Howlett’s Comments, or some quick numbers on ZDNet.

My wife, recently, was kind enough to get me a subscription to my favorite magazine, The Economist.  In my opinion it’s got some of the best analysis of world issues, including technology, of any magazine or paper.

Last week I came across an article that mentioned NetSuite.  Check it out here.  The article discusses how, because of Moore’s Law, more and more computing power is available, but, during the recession, companies are going to instead switch to lower cost solutions that offer the same features as existing ones.

Here I think the Economist has it partially right.  There will be some companies that trade down technologies to cut costs.  But, using NetSuite as an example of a tool that does the same for less money is missing the boat.  NetSuite, and other applications like it, can enable a vast number of businesses to do far more for less money.

For the vast numbers of us employed in small businesses, we know that there is still lots of room for improvement in the tools we use today.  Putting in place NetSuite can really be a giant step forward to all those companies out there who are outgrowing Quickbooks or Sage BusinessVision.

Netsuite has garnered yet another award. Check the latest press release. In fact that’s 2 announced today!

If you check the list of awards on the NetSuite wall of fame you’ll find quite a large number of them.  What is nice is not that there are a large number of awards, but that they cross the range of NetSuite functionality.  It’s nice to see and it should give prospective users confidance that they’re not giving anything up by going with an integrated application.

It’s one more reason for the NetSuite team to raise their glass tonight as we roll over into 2009.

Have a great night everyone.

For those of you out there who love NetSuite, or even just like it, there are a couple of spots online you should check out.

First is the Official NetSuite Fan Page on Facebook. Become a fan here and reach out to other users.

Next is the unofficial NeSuite user page on Facebook.  You can check it here. You can yell “NetSuite Sucks” all you want but you’ll mainly find some nice people who will offer some advice.  There’s a lot of help out there if you need it.

If you’re really keen you can subscribe to the NetSuite youtube channel.  Of course there are other NetSuite videos on Youtube that you’ll see there, some are pretty good.

Of course, you could just subscribe to this Blog and I’ll keep you updated with all the latest!  

If you haven’t already, I suggest that you listen to the NetSuite Podcasts.  I’ve got the feed up on the right.  If your thinking of buying NetSuite they’re a good spot to learn more about where NetSuite management is coming from and where they are focused.  I’ve found them useful.  Much better than trying to read a press release.