{"id":22982,"date":"2016-05-31T11:44:19","date_gmt":"2016-05-31T11:44:19","guid":{"rendered":"http:\/\/www.businesscloudnews.com\/?p=254732"},"modified":"2016-05-31T11:44:19","modified_gmt":"2016-05-31T11:44:19","slug":"netsuite-localizes-services-in-asian-markets","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/netsuite-localizes-services-in-asian-markets\/","title":{"rendered":"Netsuite localizes services in Asian markets"},"content":{"rendered":"

\"The<\/a>Netsuite has continued efforts to localize services worldwide, announcing a number of new partnerships at CXO Summit in Singapore, as well as new product launches.<\/p>\n

The company launched NetSuite OneWorld for companies based in Singapore and Hong Kong, as well as multinationals specifically doing business across Asia. The NetSuite OneWorld solution provides companies with multi-subsidiary management and global financial capabilities to run business operations in the region in a two tier model. Netsuite suite can be implemented in the cloud at subsidiary level, while maintaining legacy, on-premise systems at the company\u2019s headquarters. The offering is also localised to meet the business, regulatory and tax compliance needs of regional businesses.<\/p>\n

\u201cOur long history in Southeast Asia and the dynamic business environment that has emerged in recent years, make expansion in the region a strategic imperative in NetSuite\u2019s next phase of international growth,\u201d said NetSuite CEO Zach Nelson. \u201cOur announcements today demonstrate the success we\u2019ve seen already and our deep level of commitment moving forward.\u201d<\/p>\n

Having launched its presence in Singapore in 2005, the company has made healthy gains in recent years, boasting a client list of 212 enterprises and subsidiaries in the city state alone. The new partnerships and product offerings appear to demonstrate Netsuite\u2019s intentions in the region. Netsuite recently reported healthy growth over the course of the last 12 months, Q1 revenues were reported at $216.6 million, up 31% year-over-year, and since that point, Nelson has seemingly indicated the Asia market as a priority.<\/p>\n

According to the South China Morning Post, Netsuite will be aiming to establish a number of data centres in the region, with Hong Kong and Singapore noted as possible locations. Netsuite\u2019s tendency in entering new regions has been to open up multiple locations as a fail-safe, which could be seen during the company\u2019s expansion in Europe last year. The company opened data centres in Dublin and Amsterdam within a short period of time during the expansion efforts.<\/p>\n

While Hong Kong and Singapore represent healthy opportunities for the company to drive revenues, Netsuite has outlined China as a long-term target, with a Hong Kong platform offering a solid gateway due to its trade and political ties. \u201cBusinesses in Hong Kong and Singapore are already reaping the rewards of open trade and global expansion,\u201d said Zakir Ahmed, GM of NetSuite Asia. \u201cNetSuite OneWorld is giving these businesses the flexibility and agility to fully capitalise on the current cycle of growth.\u201d<\/p>\n

In terms of local partnerships, the announcement detailed new collaborations with 3PL Total Technology, a cloud warehouse management solutions company,, CuriousRubik, a previous Netsuite partner, and Doji Media, a company which helps local customers expand their remit to international markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Netsuite has continued efforts to localize services worldwide, announcing a number of new partnerships at CXO Summit in Singapore, as well as new product launches.<\/p>\n","protected":false},"author":105,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3491,3461,1989,224,225,911,1976],"tags":[],"class_list":["post-22982","post","type-post","status-publish","format-standard","hentry","category-asia","category-data-centre","category-enterprise-it","category-enterprise-resource-planning","category-erp","category-netsuite","category-news-analysis"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/22982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/105"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=22982"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/22982\/revisions"}],"predecessor-version":[{"id":22983,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/22982\/revisions\/22983"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=22982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=22982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=22982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}