NetSuite Inc. (NYSE: N) said that Tableau Software (NYSE: DATA) has implemented NetSuite OneWorld to support its global business growth.
NetSuite OneWorld, implemented in 2011, builds on the success that Tableau Software (www.tableausoftware.com) has achieved since its initial NetSuite deployment in 2008.
Strong financial controls, end-to-end transparency and auditability within NetSuite OneWorld positioned Tableau to prepare for and execute their initial public offering in May 2013. Tableau is among a growing number of customers who as startups seven of whom went public in 2013 – selected NetSuite´s single, integrated cloud solution for its scalability, agility and flexibility, to avoid the disruption of upgrading software and servers in the middle of a rapid growth curve.
Tableau deployed the NetSuite OneWorld global business management solution to help power its international expansion with capabilities for global financial consolidation and reporting, and management of multiple subsidiaries across the US, the UK, Ireland, Japan, Singapore, Australia, Canada, and Germany. Tableau is taking advantage of NetSuite´s sophisticated revenue recognition functionality tailored for software companies to allow them to better manage diverse revenue streams, including perpetual, subscription and traditional term licensing. NetSuite´s data export features have enabled the company to easily move data into Tableau´s own business analytics software for ad hoc analysis and data-driven decision-making.
Tableau Software helps people see and understand data. Tableau helps anyone quickly analyze, visualize and share information. More than 15,000 customer accounts get rapid results with Tableau in the office and on the go. And tens of thousands of people use Tableau Public to share data in their blogs and websites.
Since its inception in 1998, NetSuite has established itself as the provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. For more information about NetSuite, visit www.netsuite.com.