NetSuite Inc., the industry provider of cloud-based financials / ERP software suites, and Autodesk Inc., the leader in cloud-based design and engineering software, recently announced a strategic alliance to offer manufacturing companies seamless integration of Autodesk PLM 360 and NetSuite ERP.
The relationship aims to transform modern manufacturing by helping manufacturers confront shifting economic conditions, deliver quality products and address customer innovation requirements, all with a flexible, cloud-based system.
The integration between Autodesk’s PLM 360, a next-generation cloud-based product lifecycle management solution and NetSuite’s cloud business management solution, including NetSuite Manufacturing Edition, is a major breakthrough in delivering an end-to-end cloud-based solution for ideation, design, manufacturing, service, multi-channel sales, and beyond to the manufacturing industry.
“Nimble manufacturers are disrupting the industry with technologies and techniques to accelerate product development and delivery and drive customer-centric innovation while controlling costs,” said Roman Bukary, NetSuite vice president of manufacturing and distribution.
“NetSuite and Autodesk’s integrated PLM / ERP offers manufacturers the broadest cloud-based business management solution, enabling end-to-end visibility and tremendous gains in speed, efficiency and, most importantly, innovation.”
The bi-directional integration of these revolutionary cloud technologies gives manufacturers a single, closed-loop solution to accelerate product design and development, reduce risk of errors and delays, streamline supply network collaboration, and gain critical real-time visibility into costing, scheduling, capacity and profitability.
Market research shows that manufacturers are increasingly turning to cloud-based Software-as-a-Service (SaaS) applications to run product development, production, supply chain, order management, financials and other core business applications without the time and cost burden of on-premise software and servers.
Gartner predicts that nearly half (47 percent) of manufacturers worldwide will be using or piloting SaaS applications by 2015, up from just 2 percent in 2010.
“More than 50 percent of product costs are locked in during the design phase,” said Brenda Discher, vice president of Manufacturing Industry Strategy and Marketing at Autodesk. “The integration of our technologies will empower manufacturers to reduce overall costs and improve quality, while better understanding and adapting to fast-changing customer demands.”