PRECOR Home Fitness Selects NetSuite To Whip Its Operation Into Shape

SAN MATEO, Calif. — July 20, 2011 — NetSuite Inc. (NYSE: N), the industry’s leading provider of cloud-based financials /ERP software suites, today announced that Precor Home Fitness deployedNetSuite for its end-to-end wholesale/distributionbusiness needs. The solution is used for managing business operations across retailand commercial sales throughout the Western United States, including threeretail locations in the San Francisco Bay Area and two West Coast commerciallocations. Precor Home Fitness depends on NetSuite for financials, inventorymanagement, point-of-sale(POS),quotes, tax management, reporting and analytics. With NetSuite, Precor HomeFitness can open more new locations and become profitable more quickly, thanksto the real-time visibility and efficiency NetSuite provides. The company canalso easily analyze the profitability of the retail and commercial operationsseparately, and monitor the performance of each arm of the business.

Precor Home Fitness, is theAmerican dealer arm for fitness equipment manufacturer Precor USA(www.precor.com). The company focuses on both commercial and retail sales. WhenPrecor Home Fitness expanded to retail sales through acquisition, itstandardized on the retail operation's archaic AS/400 system — a decision thecompany quickly realized would not satisfy its needs.

Within weeks, the severelimitations of the outdated, legacy on-premise software became clear. Reportingwas haphazard and remote access was virtually impossible. Even generatingsimple sales quotes proved extremely difficult. After two months, it was clearthat Precor Home Fitness needed a better solution.

Fully leveraging the power of NetSuite,Precor Home Fitness is quickly realizing the benefits of cloud computingthrough NetSuite. The company relies heavily on special orders from themanufacturer — an area where NetSuite's quoting and ordering system excels.Workflows are once again uniform and streamlined, and every employee has fullaccess to crucial business data through the Internet, no matter where they are.As a result, sales and services decisions are more informed with real-timeaccess to inventory data, purchase histories and warranty records.

"Our outside sales reps wereabsolutely lost on the legacy system and we had no visibility into pastpurchases or freight activity," said Bill Byrne, President of Precor HomeFitness. "Our hands were so tied by the old software that we couldn't getour work done. Today, with NetSuite, our quotes are faster, our reporting isclearer and our work environment is better. NetSuite was the best move for thegrowth and long-term sustainability of our company.”

To streamline the conversion of theretail stores' data and ensure that Precor Home Fitness could leverage NetSuiteas quickly as possible, the company turned to NetSuite solution provider ExploreConsulting for assistance. Explore Consulting was able to quickly translate SKUand customer data from the AS/400 system into NetSuite, enabling bothcommercial and retail sales to standardize on NetSuite in just 30 days. "Ourconsultants were able to quickly break down Precor Home Fitness's complexinventory into groups and classes and ensure a clean, rapid transition back toNetSuite," said Jeremy DeSpain, COO and Partner, Explore Consulting.

Today, more than 10,000 companiesand subsidiaries depend on NetSuite to run complex, mission-critical businessprocesses in the cloud globally. Since its inception in 1998, NetSuite hasestablished itself as the leading provider of enterprise-class cloud ERPsolutions for divisions of large enterprises and mid-sized organizationsseeking to upgrade their antiquated client/server ERP systems. As the leading providerof cloud-based solutions for wholesale distributors and retailers, NetSuite’ssolution excels at streamlining business operations. As demonstrated by the2011 CODiE Award for Best Financial Management Solution as well as a recentGartner study naming NetSuite as the fastest growing financial managementsystems vendor in the world, NetSuite has continued its success in deliveringthe best cloud businesses solutions to businesses around the world, enablingthem to lower IT costs significantly while increasing productivity as theglobal adoption of the cloud is accelerating.

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For more information aboutNetSuite, please visit www.netsuite.com.

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