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Monday, 13 April 2015, 04:34 Hrs

NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that NetSuite OneWorld won ERP Product of the Year at the UK Cloud Awards 2015. With support for 190 currencies, 19 languages, and tax compliance across more than 50 countries, NetSuite OneWorld enables global companies to run mission-critical business processes including financial consolidation, revenue recognition, billing, reporting and support for multiple currencies, multiple languages and tax compliance, while gaining real-time insight into critical business information.

"We are delighted with this recognition of our true cloud solution from the UK cloud community," said Mark Woodhams, EMEA MD for NetSuite. "The benefits of having a single, unified global business management system that addresses the complex multi-national and multi-company needs of organisations are proven many times by our customers and partners, and it's an honour to be chosen among other competitors by a panel of respected industry experts and influencers as a winner for this year's ERP Product of the Year."

The UK Cloud Awards, established by the Cloud Industry Forum (CIF) in association with Cloud Pro, received hundreds of submissions, just 16 of which were announced as winners. To learn more about the UK Cloud Awards and for a full list of winners, visit the UK Cloud Awards website.

Alex Hilton, CEO of the Cloud Industry Forum, said: "We first established the UK Cloud Awards last year with the aim of recognising and celebrating excellence within the UK Cloud industry. The standard of the entries, and ultimate winners, speaks volumes about tech success and innovation in the UK, and serves as a reminder of the dynamic and forward-looking industry we have in this country. I'd like to thank all those that took part in this year's awards and to offer my congratulations to the ultimate winners."

Paul Franklin, Publisher at Cloud Pro and IT Pro, added: "A lot of hard work went into organising the UK Cloud Awards 2015, and we're hugely thankful to our sponsors, HP Helion, Microsoft and Ingram Micro Cloud. We received an extremely high level of interest in this year's awards and it's fair to say that we have earned a place in the tech industry's award calendar. We fully intend to bring the UK Cloud Awards back for 2016, so watch this space."

About NetSuite
NetSuite Inc. is the industry's leading provider of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software suites. In addition to financials / ERP software suites, NetSuite offers a broad suite of applications, including accounting, Customer Relationship Management (CRM), Professional Services Automation (PSA) and ecommerce that enable companies to manage most of their core business operations in its single integrated suite. NetSuite software allows businesses to automate operations, streamline processes and access real-time business information anytime, anywhere.

Today, approximately 24,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud-based financials/ERP suites for divisions of large enterprises and mid-sized organisations seeking to upgrade their antiquated client/server ERP systems. NetSuite continues its success in delivering leading cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.