internet, Wholesale distribution). Average start to live in 100 days. Check out ... Key verticals: fashion, agencies, pr
2017 CONFERENCE SUMMARY LAS VEGAS, NV | APRIL 24-27
KEY ANNOUNCEMENTS SuiteSuccess – new, pre-configured “editions” and a methodology to enable rapid implementation and higher satisfaction; 12 editions (Advertising/media/ publishing, Financial technology, Manufacturing, Non-profit, Retail, Service-based businesses, Software/ internet, Wholesale distribution). Average start to live in 100 days. Check out the “Stairway” industry visuals which will be valuable to marketing and sales teams. Read more here.
MISC NOTES • Mark Hurd, Oracle CEO and Jim McGeever, NetSuite EVP reinforced NetSuite will operate relatively independently. Clear objective is revenue growth. • Oracle brings investment and more cloud solutions • Clear push for NetSuite to grow global market share and leverage Oracle's presence across the globe • Key verticals: fashion, agencies, professional services, non-profits • NetSuite no longer compensating reps on services revenue. Focus is on new, recurring revenue.
AWARDS SuiteApp of the Year: ConnectWise Sell
SuitePeople – HCM module to enable benefits tracking, compensation tracking, ACA reporting, job/positions management, time tracking, PTO, expense management, certification tracking, employee self-service. Read more here.
SuiteCloud Innovator of the Year: SoluPay SuiteCloud Partner of the Year: PaceJet SuiteCommerce Partner of the Year: folio3 Worldwide Partner of the Year: Deloitte
Budgeting and Planning – NetSuite will add more advanced budgeting and planning in the app. It’s not yet clear if this will be adapting an Oracle solution or building something new. Global functionality – more capability to include global financials, revenue recognition, billing, Services Resource Planning (SRP), Supply Chain Management (SCM), and Governance, Risk and Compliance (GRC).
KEY STAT MID-MARKET BUYING TRENDS • More and more are realizing the need to replace legacy systems • Industry specific capabilities are driving decision making • Preference for whole suite vs best of breed (of course, they would say this) • Still prefer cap-ex over op-ex • Starting to see advantage of innovation in the cloud
This information includes notes and commentary of Socius associates who attended SuiteWorld and is accurate according to what they saw and heard (keep in mind, this was Vegas! Late nights may have kept us from capturing every comment accurately). Visit us at www.socius1.com.
Cloud, SaaS, IaaS Spending Growth
+50%
-5%
OnPremise Spending Growth
