NetSuite Inc., the industry’s leading provider of cloud-based financials/ERP and omnichannel commerce software suites announced that it has acquired IQity’s cloud business.
The combination extends NetSuite’s #1 cloud ERP leadership and for the first time creates:
- a single cloud software system that meets the needs of both discrete and batch process manufacturers of all sizes with the ERP power to run their core business operations along with the deep industry functionality required to meet ever-changing market needs and customer expectations.
- enables manufacturers to manage their business more profitably from order-to-cash through build-to-ship, helping them to achieve overall operational excellence, take control of supply chain processes and improve business value while reducing operating costs and IT overhead.
IQity created the IQity Advanced Manufacturing SuiteApp—natively built on the NetSuite platform—providing NetSuite customers with shop floor, resource capacity planning, finite production scheduling, batch work order management, integrated quality management and advanced data collection capabilities to track actual production results, equipment utilization, labor productivity, downtime, rework and more; culminating in lower operating costs and improving profitability. The IQity Advanced Manufacturing SuiteApp achieved "Built for NetSuite" certification from the Built for NetSuite (BFN) program, which is designed to give NetSuite customers additional confidence that SuiteApps meet company standards.
At the time of the acquisitions, NetSuite and IQity had nearly 40 joint customers.
Learn how to drive your business success and profitability with NetSuite Advanced Manufacturing.