February 03, 2011
NetSuite has announced the latest social enterprises to benefit from a NetSuite (News - Alert).org product donation. A NetSuite.org Social Enterprise Grant includes a base software donation, discounts on additional items, service grants and social products. 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 (below $2 million) receiving a donation; mid-sized organization receiving an 80 percent discount and large organizations ($5 million-plus) receiving a 50 percent discount.
NetSuite's cloud computing product is suited to the needs of social enterprises, company officials say, adding that "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. But their social aims require the ability to also track their social impact—the second bottom line."
Some of the recent social enterprises to run their organizations on NetSuite software include:
Easy Office, which provides affordable finance, accounting and bookkeeping services to enable non-profits nationwide to streamline their operations and focus on their missions, United Prosperity, which enables website visitors to combat extreme global poverty by multiplying the impact of their money through loan guarantees, and EdTec, a social venture helping over 200 charter schools manage their operations and focus on their mission of educating students. EdTec uses NetSuite's SuiteFlex scripting and integration solution to create specific applications critical to charter school management, bringing world-class financial and operations support to charter schools at extremely low cost in an especially tough funding environment.
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David Sims is a contributing editor for TMCnet. To read more of David’s articles, please visit his columnist page. He also blogs for TMCnet here.
Edited by Jennifer Russell