NetSuite.org Enables Social Enterprises To Do Good

NetSuite's highly customizable cloud computing platform is uniquely so then-suited to the needs of social enterprises. As market-driven entities, social enterprises need a reliable solution to manage inventory, accounting, international consolidation, reporting, real-time analytics, and low-cost, reliable operations. However their social aims require the ability to as well track their social impact-the "second bottom line" NetSuite's flexible reporting and powerful analytics tools make it easy for social enterprises to evaluate social impact as a key performance indicator, alongside conventional notions just as operating margin and cash flow.

Social purpose

Social enterprises are mission-driven organizations which apply market-based strategies to achieve a social purpose. The movement includes both non-profits that use business models to pursue their mission, and for-profits whose primary purposes are social. As the adoption of modern cloud-based software solutions accelerates, emerging social enterprises are looking for cost efficient ways to adopt state of the art business operations software. NetSuite, provided by NetSuite.org's Social Enterprise Grant, is a natural fit.

A NetSuite.org Social Enterprise Grant includes a base software donation, deep discounts on additional items, service grants and social solutions. The base donation includes NetSuite's complete software suite, five user access licenses and support. Discounts are tied to the applicant's revenue with small organizations receiving a donation; mid-sized organization receiving an 80% discount and large organizations receiving a 50% discount. Pro bono service grants are powered by employee volunteers and help social enterprises make the most effective use of their donation. Social solutions are software solutions built on top of the NetSuite platform to address business processes in a class by itself to social enterprises, like fundraising or carbon accounting.

"We are thrilled to have the possibility to help these social enterprises deploy state-of-the-art business management innovation" said David Geilhufe, NetSuite.org Program Manager. "Our expertise in providing and optimizing business management software directly helps these organizations change lives and fulfill their missions"

What is in a class

"NetSuite corporate citizenship leverages what is in a class by itself about our company, our innovation and our people" said Evan Goldberg, NetSuite co-founder and CTO. "Helping social enterprises-businesses that are changing the world for the better-to improve their operations was a natural fit for NetSuite.org."

Easy Office, which provides affordable finance, accounting and bookkeeping services to enable non-profits nationwide to streamline their operations and focus on their missions. Not only does Easy Office leverage NetSuite to run the business operations of their own organization from sales to customer billing, nevertheless it manages client NetSuite systems through business process outsourcing services. "Our NetSuite client portal allows customers to see in real-time specifically what our team is doing on a real-time basis" said Jeff Russell, Easy Office CEO. "NetSuite's transparency allows our team in Boise to work closely with non-profits nationwide, and the internal efficiencies we realize with NetSuite saves them money which can be reallocated to their programs"

Envirofit, sells clean-burning cook stoves in over 40 countries. So far, the company's operations have saved over 95,000 tons of wood and reduced carbon dioxide emissions by 175,000 tons. NetSuite OneWorld helps the company manage its international operations, ensuring that the company's Denver headquarters can easily roll up multinational results without the need for expensive accounting overhead in each market. "NetSuite OneWorld has been critical to our global expansion, helping us both to manage our earned income and grant receipts" said Tim Bauer, Envirofit VP of Operations. "Instead of a disjointed system for tracking our sales and impact, NetSuite.org has made it possible to run multinational, multi-currency operations, and define a clear business process for our subsidiaries"

About NetSuite.org Being a good corporate citizen is no longer just about giving away some money. It's about putting the strengths and assets of a company to work in the world to make a difference. NetSuite.org leverages NetSuite's complete suite of business software, our people and our know-how into a solution for organizations seeking to expand and extend their social impact. NetSuite.org provides product donations, pro bono service grants and social solutions to support charities and social enterprises worldwide in achieving their missions.