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NetSuite and InsideView Partner to Create 'Social ERP'

Written by Alex Williams / November 10, 2009 7:52 AM / 5 Comments

logo_netsuite.gifA growing debate in Enterprise 2.0 circles focuses on what value new technologies have for people who do back office functions. Questions persist about how Enterprise 2.0 technologies are built into the processes of every day work and what upside they really have.

In that regard, it's interesting to note the partnership announced today between NetSuite and InsideView to bring in real-time information from across the social Web into such departments as accounts payable and human resources. The partnership will bring InsideView's insights from across social sites such as Twitter, Facebook, LinkedIn and Google Blog Search into NetSuite's CRM and ERP offerings which will help to create what it calls a'Social ERP' system.

NetSuite is a Software-as-a-Service provider that provides a cloud computing platform to help manage software suites. Its customers are mid-sized companies and divisions of large enterprises. Inside View coins itself as a Sales 2.0 leader, "bringing intelligence gained from social media and traditional editorial sources to the enterprise to increase sales productivity and velocity."

NetSuite users will have access to information from a wide variety of traditional information sources and real-time social networks. The structured and unstructured information is aggregated and filtered by InsideView. It flows directly into the application and is filtered for the particular office function such as accounts payable. NetSuite says this is the first time a social component has been built natively into its application.

NS SC InsideView deck for PRESS - final.jpg

Some of the benefits the two companies see with the integration:

  • Better understanding of customers and partners to assess payment risk and improve collection processes
  • The ability to better use the buzz about suppliers and brand reputation and level of customer satisfaction
  • Integrate social profile information to engage job candidates across multiple channels, including Facebook, LinkedIn and Twitter;

InsideView for NetSuite was built using NetSuite's SuiteCloud development platform. Additonal NetSuite partners are planning to build their own integrations, which the company says may mean more social components into the NetSuite environment.

Currently, NetSuite users may see information that others are collecting by subscribing via an RSS feed. Further integration could be the potential addition of activity streams for sharing intelligence.

This is an unfolding trend which we believe will create a more measured look at how Enterprise 2.0 applications fit with back office functions. It also represents another example of how business intelligence applications from companies like IBM will begin to compete in this realm as more efforts continue to meld structured and unstructured information.


Comments

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  1. OK, I get that social networking is useful for HR. Any competent recruiting team has been using these tools for years. But A/P and A/R? C'mon, that's a stretch at best! Is netsuite saying I should let my A/R clerk tweet about an account they are trying to collect from? What a great way to generate bad will towards my company!

    Posted by: Indiya | November 10, 2009 12:04 PM



  2. Indiya,

    The point of the integration is not to enable your A/R person to tweet about an account they are trying to collect from.

    But let's say she's trying to collect from ABC corp, and people blog or tweet or report that the company is doing layoffs, or just lost a big customer, or just raised $100M in financing - wouldn't knowing that help her do her job? What if NetSuite/InsideView told her that her CEO is connected through a social network to the CEO of a company that is 6 months delinquent - wouldn't that help her do her job?

    It's important to consider social media not only as an outbound activity (tweeting, blogging), but more importantly as an inbound analytical activity (what is being said about my company? my customers? my vendors/partners? Whom am I connected to via the social web who can help me do my job more effectively?).

     Posted by: Umberto Milletti Author Profile Page | November 10, 2009 3:36 PM



  3. The new interactive medium have give the option term for the ERP and Customer Relationship Management.

    Posted by: wholesale silver jewelry | November 11, 2009 12:34 AM



  4. it will be quite interesting in coming period and provide users a convenient platform

    Posted by: recognition awards | January 27, 2010 1:50 AM



  5. These vital financial information that is now accessible through the internet should also equipped with a good security mechanism.

    Mike

    Posted by: SAP Training | February 1, 2010 9:26 PM



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