Aria Systems-NetSuite integrates for effective financial solutions

Aria Systems would use NetSuite’s SuiteCloud developer platform to deliver easy-to-use subscription management capabilities for administrators. The firm recently integrated with CRM solutions provider NetSuite in a bid to simplifying subscription based billing procedures which includes usage based billing, online data storage and pay per click etc.

The move, according to a press release by the firm, will prove very beneficial in improving management solutions and for providing a new experience to NetSuite users. The data synchronization between both firms is already going on under the first phase of integration.

Ed Sullivan, CEO at Aria Systems added that there is an urgent need to have an efficient platform for calculating and managing usage based billing information for mitigating costs and decreasing the level of errors that comes in the way during manual processes.

Sullivan added, “Given their global reach, huge installed base, and market position, we’re very pleased to be partnering with NetSuite to offer completes as based solution to provide usage-based billing to support subscription-based businesses.”


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.