The NetFlex Applications Program lets partners tap the company's NetFlex platform of Web services, integration technologies, and customization capabilities to build applications.

"The first wave is for third-party apps to extend the NetSuite service into areas we haven't moved into yet," said Zach Nelson, CEO of NetSuite.

Such areas include point-of-sale systems, e-commerce extensions, telephony, automotive, and even horizontal applications.

Nelson continued that NetSuite's partners will be rolling out applications in the next six months.

With NetFlex, partners can use NetSuite's tools and technologies to create vertical applications that NetSuite will then host. That means when NetSuite upgrades its service, those applications can take advantage of the upgrade as well.