NetLedger Releases Switch Program

More than 30 companies migrate to provider's integrated Oracle app

San Mateo, CA  December 16, 2002  NetLedger Inc., makers of Oracle Small Business Suite, has announced the release of its Legacy SFA Switch Program.

According to the company, the program complements the company's existing migration tools that enable users of legacy front-office systems and legacy back-office systems to migrate to an integrated application, such as Oracle Small Business Suite.

Among the more than 30 companies that have migrated to NetLedger's business suites in the past months are The Steele Foundation, Designs for Health, HandyAll, SmartSynch and Peak Placement LLC.

Delivered as online services, NetLedger said its products enable companies to manage key business processes in a single system. Since NetLedger's first online accounting application launch in 1999, the company has more than 6,000 customers. The company has also expanded its product offerings by delivering enterprise resource planning (ERP) and customer relationship management (CRM) suites, including Oracle Small Business Suite and NetSuite.

"With offices on four continents, we have a geographically diverse workforce with a strong need for integration," said Todd Lane, chief financial officer of The Steele Foundation based in San Francisco, Calif., which provides enterprise risk management solutions to corporations and governments. He explained that his company had a variety of diverse applications that worked fine by themselves, but that did not work well in conjunction with each other. "Now we have one simplified NetLedger application in their place. We're excited to watch our productivity increase as a result of NetSuite. The whole process of migration is easy due to NetLedger's migration technology and the professional services team," Lane said.

Jonathan Lizotte is founder and CEO of Designs for Health, an East Windsor, Conn.-based provider of nutritional supplements to physician groups nationwide. Previously Lizotte used another provider's application specifically for his sales and CRM, but it didn't integrate with his other business functions like he had hoped. He explained that by using NetLedger's CRM, his company's salespeople can track their sales and contacts in a simple format. And it integrates directly into the company's financial information, part of the same Oracle Small Business Suite. "It is a beautiful resource for us," he said. Lizotte figured the Suite has saved him and his sales reps, which are spread out over six states, about $80,000 in time, overhead and capital expenses this year.

The Oracle Small Business Suite name is used under license from Oracle Corp. (ORCL).