MANILA, Philippines — NetSuite Inc., the industry's leading provider of cloud-based financials and Enterprise Resource Planning (ERP) solutions and soon to be the largest software company in the country, expects to haul in as much as $300-million revenues in 2012 from its 2011 target of $235 million.

The company, the fastest growing financial management vendor in the past three years, has 415 employees in its Philippine headquarters in Makati, its largest location outside the USA.

Next year, "We will be the Philippines’ largest software company, with 700 employees," announced NetSuite President and Chief Executive Zach Nelson.

Currently, over 10,000 companies and subsidiaries in more than 100 countries depend on NetSuite to run complex, mission-critical business processes globally in the cloud.

NetSuite plans to infuse a substantial investment for its local expansion to meet its growing business. He expects revenues to increase from 2011’s target of $235 million to about $300 million.

NetSuite has been operating in the country for 4 years now. It has become the leading provider of enterprise-class cloud ERP solutions for large enterprises and mid-sized organizations since it was founded 13 years ago.

NetSuite chose the Philippines as its major service hub for its business friendly infrastructure, top-notch education system, same accounting standards as the USA as well as its large pool of CPAs and well-spoken, service-driven employees, aside from the fact that many global companies are headquartered in Manila.

Recently, NetSuite partnered with two more Information Technology (IT) firms serving global enterprises based in the Philippines.

Both GlobalOne, a global solution provider, and Pan Pacific Computer Center (PPCC), an IT services firm with over 41 years of experience, have joined the NetSuite Solution Provider Program to support NetSuite’s indirect local sales strategy.

GlobalOne's worldwide services center in Makati is expected to become a new hub of international development and integration work for NetSuite clients.