SAN MATEO, Calif. and LONDON, May 20 NetSuiteInc. (NYSE: N), a leading vendor of on-demand, integrated business softwaresuites, today announced that Clinical Solutions, a leading provider ofhealthcare software solutions and services for clinical decision support,informatics, triage nursing and assessment, has integrated its worldwide,end-to-end business operations with NetSuite OneWorld. NetSuite OneWorldenables Clinical Solutions' eight subsidiaries spread across three continentsand five locations to have one suite of financial accounting software,including financials and revenue recognition, and CRM software, thereby makingthe existing finance staff more productive; reducing costs on IT andeliminating expensive on-premise business software. NetSuite providesintegrated, business software suites that include ERP (Enterprise ResourcePlanning) / Accounting software, CRM (Customer Relationship Management) andEcommerce software for small and medium-sized businesses and divisions oflarge companies. For more information about the success story of ClinicalSolutions please visit www.netsuite.com/clinicalsolutions.
With offices spread across three continents and five locations, thegeographical and reporting complexities of Clinical Solutions meant theyrequired financial accounting software that provided a true multi-currency,multi-location and multi-subsidiary solution. Clinical Solutions' previoussoftware, a mixture of different financial accounting software solutions,didn't work well together, particularly with their multiple offices and abusiness that deals in multiple currencies.
Upon going live with NetSuite, all eight of Clinical Solutions'subsidiaries were operating under one NetSuite umbrella. With themulti-currency ability of NetSuite OneWorld, each of Clinical Solutions'subsidiaries is now able to handle and readily report in US dollars,Australian dollars, British pounds and Euros. Having single-instanceconsolidated financials together with the sales force automation of NetSuitealleviates Clinical Solutions' previous problems of geographical complexityand difficulty in extracting information from multiple systems. NetSuitehandles the different currencies, taxation rules and reporting needs, allwithin one, instantly accessible and easy-to-format system, which is availablefrom anywhere on the globe.
Now with approximately 100 users of NetSuite, Clinical Solutions isrealizing many benefits previously unknown to them. Information can be seen inreal-time and can be shared across departments, across subsidiaries and acrosscountries. This data need only be input once, resulting in considerable timesavings. For instance, employee expenses can be entered online, saving thepurchase ledger clerk considerable time and effort. In addition, bankreconciliations, which used to be done using spreadsheets, are now done withinNetSuite. Not only is staff more productive but executives can also tap intothe information in real-time. This increased visibility helps ClinicalSolutions' executives make better business decisions.
Dave Stanton, Finance Project Manager for Clinical Solutions, saysNetSuite OneWorld has dramatically changed the way the company can shareinformation across its business. "Now, many of our employees have been able tomove from a data input environment to a much higher level of analysis, whichmeans information can be used much more effectively, and our company can saveeven more time and money."
About Clinical Solutions
Clinical Solutions is a leading supplier of flexible evidence-baseddecision support and clinical software solutions to the healthcare industrythat help healthcare professionals safely and consistently assess a patient'ssymptoms and direct them to the most appropriate level of care. This resultsin more efficient management of resourc