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Information Technology : Software | Large Cap Blend
Company profile

Oracle Corporation provides products and services that address enterprise information technology (IT) environments. The Company’s businesses include cloud and license, hardware and services. Its products and services include applications and infrastructure offerings that are delivered through a variety of IT deployment models. These models include on-premises deployments, cloud-based deployments, and hybrid deployments. Its Oracle Cloud Services offerings include Oracle software-as-a-service (SaaS) and Oracle Cloud Infrastructure (OCI) offerings, which provides integrated stack of applications and infrastructure services delivered via cloud-based deployment models. Its Oracle Cloud Services integrate the IT components, including software, hardware and services, on a customer’s behalf in a cloud-based IT environment. Its Oracle cloud license and on-premise license deployment offerings include Oracle Applications, Oracle Database and Oracle Middleware software offerings, among others.

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NetSuite Helps Granite Partners Boost Growth Across Its Portfolio

10:00 am ET September 28, 2022 (PR Newswire) Print

NetSuite CPQ helps portfolio companies manage price, cost, and margins

SUITEWORLD 2022 -- Granite Partners, a private investment and long-term holding organization, is using Oracle NetSuite across its portfolio to help it grow companies and create value for all stakeholders. With NetSuite, Granite Partners has been able to take advantage of an integrated business system to improve the speed of operations, streamline revenue processes, increase margins, and improve overall business outcomes.

Founded in 2002 in St. Cloud, Minnesota, Granite Partners has a portfolio of 10 companies across industries, including manufacturing and distribution, healthcare and life sciences, and software and services. Historically, manual processes and disconnected systems resulted in weaker data and inaccuracies in transactions. Executives also lacked visibility and real-time analytics. To help address these challenges and create more efficient operations, Granite Partners is leveraging NetSuite increasingly across its enterprise.

"Inflation and supply chain disruptions have increased the need for speed and real-time information that a unified system provides," said Rick Bauerly, founder and CEO, Granite Partners. "NetSuite CPQ capabilities help master price management in the front office; ERP enables cost management in the manufacturing and fulfillment processes; and reporting and analytics empower margin insights and decision support from the back office."

With NetSuite, Granite Partners can consolidate and enhance business operations on a single cloud business system. For example, NetSuite CPQ enables Granite's portfolio companies to simplify complex product pricing processes. The solution's configurator and product catalog capabilities automatically generate a bill of materials and routing instructions for manufacturing. In addition, using NetSuite CPQ cuts the time required to update product configurations and pricing levels from weeks to days or hours.

"Margins are thin for manufacturing and service organizations, and this increases the importance of an efficient and accurate pricing process," said Evan Goldberg, founder and EVP, Oracle NetSuite. "NetSuite CPQ is enabling Granite's portfolio companies to gain control of this critical function and drive greater profitability. As a result, these businesses can deliver better products to customers and Granite Partners can deliver more value to all stakeholders."

Get all the latest updates from SuiteWorld by registering for SuiteWorld On Air: By registering, attendees will have access to keynotes, sessions, demos, and NetSuite's two-day live broadcast, NetSuite TV. Learn more about how organizations are leveraging the power of NetSuite to increase efficiency, improve productivity, and grow profitability.

About Oracle NetSuiteFor more than 20 years, Oracle NetSuite has helped organizations grow, scale, and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation, and omnichannel commerce, used by more than 32,000 customers in 217 countries and dependent territories.

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SOURCE Oracle NetSuite

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