Dear Visitor,

Our system has found that you are using an ad-blocking browser add-on.

We just wanted to let you know that our site content is, of course, available to you absolutely free of charge.

Our ads are the only way we have to be able to bring you the latest high-quality content, which is written by professional journalists, with the help of editors, graphic designers, and our site production and I.T. staff, as well as many other talented people who work around the clock for this site.

So, we ask you to add this site to your Ad Blocker’s "white list" or to simply disable your Ad Blocker while visiting this site.

Continue on this site freely
  HOME     MENU     SEARCH     NEWSLETTER    
NEWS & INFORMATION FOR TECHNOLOGY PURCHASERS. UPDATED 11 MINUTES AGO.
You are here: Home / Cloud Computing / NetSuite Offers Commerce as a Service
NetSuite Offers Commerce as a Service CRM Approach
NetSuite Offers Commerce as a Service CRM Approach
By Jennifer LeClaire / NewsFactor Network Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
JUNE
25
2012
NetSuite recently launched "Commerce as a Service" (CaaS). The technology lets businesses manage their interactions with both consumers and other businesses via a cloud platform that delivers the Relevant Products/Services experience directly on the core NetSuite cloud ERP/Relevant Products/Services business management application.

At the heart of the CaaS initiative is NetSuite SuiteCommerce, a new commerce-aware platform that offers a central system to manage all transactions and associated customer interactions on any touch point, from Web site to smartphone to social media site to in-store.

"Every company wants to deliver the commerce experience that Apple delivers to customers -- an experience that recognizes the customer regardless of channel or device, and efficiently delivers goods and services in world-class fashion, projecting a powerful brand message," said Zach Nelson, president and CEO of NetSuite.

"The secret sauce behind the Apple and NetSuite approach is an integrated back-end system that combines core business processing capabilities with rich customer profiles, to deliver the brand promise of a personalized experience, anytime from anywhere."

CRM System Transformed

The proliferation of new end-user preferred "touch points" such as smartphones and social media has increased customers' expectations of a tailored, individualized experience, according to NetSuite. Consumers assume businesses have full visibility to their transactions across touch points and will use that knowledge to provide an optimized experience.

At the same time, businesses expect their suppliers to have insight into their business relationships, and assume that they will deliver a B2B experience as compelling as a B2C Web site. And physical products increasingly include commerce-embedded capabilities, which enable machine-to-machine (M2M) commerce without the involvement of humans, based upon defined business rules for predictable needs.

With SuiteCommerce, NetSuite's integrated ERP/CRM system is essentially transformed into a commerce engine that is exposed to customers in a device-independent way. Because of both the presentation layer and business logic flexibility, NetSuite said, the architecture supports any business model, be it B2C, B2B, M2M, or any combination thereof.

Blurring the Boundaries

We turned to Sanjeev Aggarwal, SM Group, a partner at the SMB Group, to get his take on SuiteCommerce. He told us the timing of this announcement could not be better.

"Technology trends are converging to create a perfect storm in the world of commerce -- one that empowers customers and raises the bar for companies to meet new, more demanding customer expectations," Aggarwal said. "Social media empowers customers with Relevant Products/Services from friends and other unfiltered sources. Mobile devices are facilitating this trend, making it possible to research and shop for products and services anytime and anywhere."

Aggarwal also noted that cloud computing and e-commerce are blurring the boundaries between brick-and-mortar and online commerce stores, creating an imperative for merchants to provide consistency and visibility across channels. This has created an environment where customers expect more from businesses throughout the commerce cycle.

"NetSuite's introduction of SuiteCommerce is designed to help businesses meet these elevated customer expectations. The company has had an integrated e-commerce offering for years, and almost 2,800 of its customers run their Web sites and storefronts on NetSuite," Aggarwal said. "However, SuiteCommerce is intended to go beyond the commerce experience to integrate social, Relevant Products/Services and other customer touch points."

Tell Us What You Think
Comment:

Name:

Like Us on FacebookFollow Us on Twitter
MORE IN CLOUD COMPUTING

NETWORK SECURITY SPOTLIGHT
No More Ransom, a new initiative between Dutch National Police, Europol, Intel Security, and Kaspersky Lab, aims to help users recover their data after being victimized by ransomware attacks.
NEWSFACTOR.COM
NEWSFACTOR NETWORK SITES
NEWSFACTOR SERVICES
© Copyright 2016 NewsFactor Network. All rights reserved. Member of Accuserve Ad Network.