Oracle, NetSuite and Deloitte have formed a strategic alliance focused on plans to deliver integrated human capital management(HCM) and ERP cloud services for midsized customers.
Deloitte plans to work with Oracle and NetSuite to develop a practice with highly skilled practitioners specializing in tools and implementation services to help customers adopt the soon to be integrated SaaS technologies.
Additionally, Oracle plans to develop a product integration and go-to-market strategy with NetSuite for Oracle HCM cloud and NetSuite cloud ERP to deliver a single offering that connects HR and finance systems for midsized customers. Also, for large organizations where Oracle HCM is already deployed, two-tier deployments of NetSuite in smaller subsidiaries will connect with its Corporate HR system.
“We are excited to work with Oracle to bring customers an integrated solution that combines NetSuite’s solutions that automate business processes with Oracle’s suite for managing people processes,” said NetSuite chief executive Zach Nelson. “Customers will benefit from the commonality of the products’ underlying Oracle-based architecture and the enormous investment in R&D and customer service that both companies bring to the table.”
Oracle chief executive Larry Ellison has had a stake in NetSuite since its founding in 1998 (then NetLedger and the Oracle Small Business Suite). Today Ellison’s share in the company is reportedly worth nearly $2 billion.
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