NetSuite OneWorld Solution Optimizes Foreign Subsidiary Control and Currency Strategies Another Publicly Traded Company Standardizes on NetSuite OneWorld

SAN MATEO, Calif. (September 15, 2009) – NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced that, Inc. (NASDAQ: SLRY), a leading provider of on-demand compensation, payroll and talent management solutions, has implemented the NetSuite OneWorld solution for enterprise resource planning (ERP). The solution includes general ledger, foreign subsidiary management, foreign currency transactions, Sarbanes Oxley (SOX) compliance, revenue recognition, reporting, and analysis. With NetSuite OneWorld, has been able to optimize control of its foreign subsidiaries while keeping its operational costs under control. For more information about NetSuite customers, please visit

“Our experience with NetSuite OneWorld’s on-demand solution allowed us to avoid the hidden costs of implementation as well as ongoing operational costs,” said Bryce Chicoyne, Senior Vice President and CFO of “It’s intuitive to learn and adds significant flexibility and functionality.” provides on-demand compensation, payroll, and talent management solutions that help more than 3,500 corporate subscribers manage pay and performance. With NetSuite’s OneWorld solution, was able to automate many business management processes and spreadsheets. NetSuite OneWorld provided with an ERP system that offered scalability, supported its complex revenue recognition requirements, and offered strong audit trail and controls. NetSuite has also provided with integration of the company’s newly formed and acquired subsidiaries and business units.

Furthermore, with the growth of its recurring revenue model and international expansion, needed the fully integrated solution for its many complex transactions, which NetSuite’s industry-leading cloud computing enterprise solution provides. The ease of which has been able to consolidate the books of its foreign subsidiaries and process foreign currency transactions has been substantially improved with NetSuite as well, with the provision of full foreign exchange transparency at all operating levels.

Once committed to NetSuite OneWorld, deployment moved quickly minimizing disruption to the growing enterprise and enabling staff to focus on day-to-day business. The NetSuite OneWorld solution provides with a consistent and comprehensive view of its business activities, delivering a critical data source for accounting, billing, and operations.’s successful implementation of NetSuite OneWorld marks another significant accomplishment for the world’s leading multinational enterprise cloud computing solution.

Source: NetSuite