US Federal building (Source Pixabay/DEZALB under CCO)Oracle NetSuite has announced a new suite of cloud solutions specifically targeted at the government sector. This is a change of strategy from the ERP vendor, as it previously left the government sector to Oracle. However, Oracle is undoubtedly conscious of smaller ERP firms’ success in the sector and is now pushing NetSuite to attack the small-to-midsize state and local government agencies.

NetSuite for Government consists of an integrated suite of applications that includes:

  • Core accounting, based on NetSuite’s mature finance solution
  • Procurement and Payables
  • Revenue and Community
  • Planning and Budgeting
  • Asset Management
  • Human Resource Management
  • Payroll
  • Grants management
  • Flexible reporting, including Government Financial Statements

The solution supports the accounting principles for state and local governments, laid down by the Governmental Accounting Standards Board, GASB. Oracle Netsuite for Government is not yet in the process for FedRamp authorisation. However, this is something that it should consider, with Oracle recently achieving FedRAMP approval status for several cloud services.

Steve Seoane, senior vice president and general manager of Oracle Local Government
Steve Seoane, Senior Vice President and General Manager of Oracle Local Government

Steve Seoane, Senior Vice President and General Manager of Oracle Local Government, commented, “No government agency is too small to benefit from the innovation, efficiency, and security that modern cloud infrastructure provides. NetSuite for Government provides a clear pathway to modernizing local government ERP and ultimately improving constituent experiences with more efficient, effective, and responsive government processes.”

Powering up local government with NetSuite for Government

NetSuite already has at least one customer with a video case study that is an endorsement of the new solution. Southbury, Connecticut, is a growing community looking for a solution to assist them.

Dan Colton, Finance Director, Town of Southbury, Connecticut, stated, “It was what we were looking for. We were looking for ease. We were looking for more automation, and it had just about everything that we wanted. So, for me, it was a no-brainer decision.”

On the implementation, Colton added, “I’ve been through a lot of software implementations, and this is the easiest one I’ve been through.”

Now live, the solution makes a real difference for users within finance and the wider organisation. Tom Farrelly, Highway Department road foreman, Town of Southbury, Connecticut, “It just makes it so easy to track our budgets. It’s real-time. If a vendor calls and says they haven’t been paid, I just click right on my home screen, and I can answer them right away. It’s quicker, you are not waiting for an answer from someone at Town. You can just tell them.”

Colton summarised the benefits concluding, “It’ll save time, it will save money, save on staffing costs. The big thing is the security. We love the fact that the Oracle security is there. It’s going to improve your process, it improved ours.”

Enterprise Times: What does this mean

NetSuite for Government is a mature solution that could help replace many government solutions in the US, especially in the smaller public sector organisations. It could significantly challenge other vendors in the space, such as Infor, Unit4, SAP and Tyler Technologies. It should enable Oracle to focus on larger government contracts where it is better suited.

This has been some time in coming but it is an obvious move that NetSuite will have received guidance from Oracle. It will be interesting if the NetSuite team looks to internationalise the product, preparing it for Canada, the UK and Australia, as well as non-anglophone countries where NetSuite already operates.

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