Oracle NetSuite Honored With Frost & Sullivan’s 2024 Global Company of the Year Award 

Withum is proud to share an exciting development: Oracle NetSuite was recently recognized by Frost & Sullivan, a renowned global research and consulting firm, with the 2024 Global Company of the Year Award for Leading Innovation in Cloud Business Management Solutions.

This award demonstrates NetSuite’s excellence in the industry and showcases its strong technology and ability to innovate and deliver unparalleled value to its customers. NetSuite has been discussing the competitive landscape of ERP solutions, particularly focusing on the value proposition, ROI and technological advantages of NetSuite compared to other systems like Microsoft Business Central, Intacct, and Acumatica.

Why NetSuite Stands Out

Here are some key reasons why NetSuite continues to lead:

  • Pioneering Cloud Software: NetSuite has been a trailblazer in cloud software since its inception, disrupting traditional software development, usage, and sales models.
  • 3-Tier Architecture: This architecture ensures seamless upgrades without disrupting customizations, allowing businesses to maximize the use of the Suite across their operations.
  • Unified Data: NetSuite’s architecture provides a single source of truth for data, simplifying reporting and analytics without the complexity and silos of other systems.
  • Industry-Specific Solutions: With over 37,000 customers across multiple industries, NetSuite addresses specific industry needs with verticalized solutions.
  • Continuous Innovation: The 3-tier architecture also facilitates the integration of advanced technologies like AI, ensuring NetSuite remains at the forefront of innovation.

Frost & Sullivan’s assessment highlighted:

  • NetSuite’s continuous innovation in cloud business management solutions.
  • The ability to execute a robust growth strategy effectively.
  • The significant ROI NetSuite provides to its customers, enabling increased productivity and revenue without additional headcount.

For more details on this award and what it means for your business, check out the official announcement from Frost & Sullivan here.