NetSuite Inc. announced earlier this week that it was selected by the wealth management and financial services company Yellow Brick Road to help the organization grow its business platform.
According to a NetSuite press release, Yellow Brick Road replaced its existing systems with NetSuite. The wealth management firm wanted a strong option to streamline its core business processes, such as financial management, financial planning, customer relationship management (CRM), and analytics and reporting.
Richard Shaw, chief financial officer of Yellow Brick Road, said in a statement that using NetSuite lets his firm “easily extend our business management capabilities organically as we grow, as well as more effectively incorporate any new businesses that we may acquire in the future."
“We now have a solution that has the capacity to adapt to our changing needs over the next 10 plus years, not just a stopgap measure to get us through the next couple of years – which the other options we considered would have potentially provided,” Shaw said.
NetSuite has been making headlines recently. Just last week the company announced that it had acquired eCommerce solutions provider Venda. The move is expected to build on the momentum of NetSuite SuiteCommerce globally, and will support NetSuite’s business expansion into the European market.