Oracle NetSuite Corporate Communications
LexisNexis Replaces Multiple In-House Software Systems with NetSuite to Drive Productivity, Efficiency and Growth
Sydney, Australia—27 August, 2013—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that LexisNexis Pacific, a leading provider of content and technology solutions for the legal and corporate markets, has implemented NetSuite to manage its core business operations including project management, customer relationship management (CRM), and customer service and support to better support its strong growth in Australia and New Zealand. NetSuite replaced a number of proprietary CRM databases to consolidate LexisNexis' operational processes into a single management solution that is now the backbone of its daily operations. NetSuite also fully integrates with LexisNexis' existing finance, accounting and marketing systems, delivering significant efficiencies and real-time visibility into its business. LexisNexis has over 400 licences of NetSuite and uses it to gain a comprehensive up-to-date view of its expanding customer base, as well as for successfully managing employees, contractors, resources and projects in a single solution.
LexisNexis provides local and international news, business, tax and legal information in Australia and New Zealand, using leading-edge technology, tools and digital solutions. It works in close collaboration with its customers to provide content-enabled workflow systems for professionals in law firms, corporations, government, law enforcement, tax, accounting, academic institutions and compliance assessment. LexisNexis' previous customer relationship systems were struggling to keep up with its rapid growth due to a lack of integration, leading to inconsistent processes, data inaccuracy and regular delays in the availability of information. In addition, the acquisition of a large software services company made it imperative to implement a best-in-market project management tool to ensure its successful integration into LexisNexis' existing business. LexisNexis turned to NetSuite in 2009 for its powerful web-based customer CRM and project management capabilities, which include sales force automation (SFA), marketing automation, customer support, flexible customisation and the ability to manage all aspects of project management, including time management, staffing levels and billing requirements.
"NetSuite provides us with a single source of comprehensive information about our customers, which expertly drives and services our entire business operation, and gives our sales team the information they need to succeed," said Aaron Valverde, business systems and process team leader at LexisNexis Pacific. "NetSuite also seamlessly integrates with our own finance, marketing and accounting functions, giving us the 360-degree view of our customers that is so vital for a service business like ours."
NetSuite is Australia and New Zealand's only cloud-based business management solution that delivers a real-time 360-degree view of the customer experience, from lead and opportunity to sales order management, upsell, renewals and service. Unlike typical CRM software, NetSuite includes powerful sales performance management, order management, partner management and marketing effectiveness capabilities as standard. It is also highly customisable and can be seamlessly integrated into existing business processes to improve efficiency and drive performance. LexisNexis has integrated NetSuite with its accounting, finance and marketing systems to maximise insight and reporting capabilities and boost productivity.
A key driver of LexisNexis' decision to deploy NetSuite was the flexibility of running in the cloud without having to rely on internal IT resources or worry about upgrade hassle, version lock and high maintenance costs. LexisNexis needed a solution with fast implementation, easy configuration, flexibility, security, automated upgrades, customisation automatically carried forward to new versions, scheduled data backup and the ability to enable its expanding team of mobile and offshore personnel to gain access from anywhere using a web browser or mobile device. Trust, reliability and transparency were also important factors in selecting NetSuite. As a leading supplier of content information to the legal profession, NetSuite meets the stringent PCI compliance and disaster recovery needs of its legal and corporate customer base.
"We have absolute peace of mind that we have deployed the best cloud-based solution for all of our CRM and project management requirements across the region, and that we can rapidly scale and customise as our business and customer base continues to develop," said Mr Valverde. "NetSuite has given us the agility, insight and real-time visibility into our business that we needed and has significantly enhanced our performance by streamlining inefficient processes into one single regional system."
Mark Troselj, managing director of APAC and Japan for NetSuite added, "NetSuite has spent 15 years building cloud-based solutions that help companies like LexisNexis transform their CRM and project management capabilities. NetSuite delivers the real-time visibility that LexisNexis needs to effectively service, manage and market to its clients across the region."
About LexisNexis Legal & Professional
LexisNexis© Legal & Professional (www.lexisnexis.com) is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organisations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading–edge technology and world–class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organisations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, LexisNexis Legal & Professional serves customers in more than 100 countries with 10,000 employees worldwide.
LexisNexis® Pacific is the leading provider of local and international news, business, tax and legal information, using leading-edge technology, tools and digital solutions. Both in Australia (www.lexisnexis.com.au) and New Zealand (www.lexisnexis.co.nz) LexisNexis Pacific works in close collaboration with its customers to provide content enabled-workflow systems for professionals in law firms, corporations, government, law enforcement, tax, accounting, academic institutions and compliance assessment.
Today, more than 16,000 companies and subsidiaries depend on NetSuite to run complex, mission–critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organisations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
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For more information about NetSuite, please visit www.netsuite.com.sg.
NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.