NetSuite OneWorld delivers a real-time, unified global business management solution for enterprises that manage multinational and multi-subsidiary operations—at a fraction of the cost of traditional on-premise ERP solutions.
NetSuite OneWorld helps multinational companies streamline multi-subsidiary operations and provides real-time visibility at the local, regional and headquarter levels. With NetSuite OneWorld, companies can develop standard business processes and deploy them across their divisions and subsidiaries at the click of a button, ensuring compliance of standard processes worldwide.
The NetSuite OneWorld Unified Global Business Management solution:
• Enables the management of multiple subsidiaries, business units and legal entities.
• Supports consistent processes across countries.
• Supports global compliance of internal and external processes.
• Provides real-time global business insight.
Additionally,NetSuite OneWorld delivers global end-to-end solution to meet critical and time-consuming regulatory financial compliance requirements such as IFRS, SOX and GAAP. Finally, NetSuite OneWorld provides organizations with realtime global business insight via role-based dashboards. The business heads and other stakeholders can get a real-time view of their business performance and drill down into key metrics within an organization’s global operations, eliminating the need for custom reports, which may take hours if not days, to generate.
NetSuite OneWorld helps global businesses, driving finance and operational efficiency, delivering real-time visibility and consolidation, while providing the flexibility for customizations to corporate and subsidiary needs.
Manage Multiple Subsidiaries, Business Units and Legal Entities
NetSuite OneWorld gives corporate and divisions a clear view into every level of business performance, from summary to detail, through comprehensive financial and operational role-based dashboards and real-time reports.
Run a Complete ERP System in the Cloud
NetSuite OneWorld’s cloud delivery enables global businesses to run both corporate and subsidiary operations without costly on-premise IT infrastructure and resources, cutting costs and enabling companies to efficiently extend standardized ERP to every corner of the business.
Consolidate Operations and Gain Real-Time Financial Visibility
NetSuite OneWorld accelerates financial processes with multi-currency consolidation and real-time roll-up across accounts receivable, accounts payable, payroll, inventory, billing, invoicing and order fulfillment, from local in-country operations to the regional offices to global headquarters.
Run your Business from Anywhere
NetSuite OneWorld’s web-based access enables your employees to access NetSuite from anywhere on the globe. With support for popular mobile devices, NetSuite OneWorld customers get access to the data and functionality they need from the palm of their hand.
The backbone of NetSuite OneWorld is the Financials.
NetSuite OneWorld Financials provides a complete cloud financial management application for global businesses. With NetSuite OneWorld Financials, businesses can adjust for currency, language, taxation and legal compliance differences at the local level, alongside regional and global business consolidation and roll-up.
Global Accounting and Consolidation
NetSuite OneWorld is built around robust financial reporting capabilities that enable an organization to understand what is happening across the global business in real-time. OneWorld is designed to provide an instant global view of the business with subsidiary specific drill-down allowing you to quickly understand what is going on anywhere in the world.
Comprehensive Multi-currency Management
NetSuite multi-currency management supports 190+ currencies and exchange rates (enabling you to do business with both customers and vendors globally) as well as a wide variety of payment options. It provides real-time currency conversion and financial consolidation for all your global operations.
Audit and Compliance Reporting
NetSuite OneWorld has been built to support both global standard and country-specific requirements. The always-on audit trail, built-in analytics, access logs and workflow, and the ability to drill down to the underlying transaction detail ensured that you’ll always get supporting documentation.
Configurable Tax Engine
Recognizing the critical need for businesses to meet local indirect tax obligations wherever they do business, NetSuite OneWorld supports 100+ countries for taxes and reporting. NetSuite also provides a built-in tax engine that is configurable to your specific business needs. NetSuite OneWorld natively enables you to calculate taxes in real-time on sales and purchase transactions and cross border sales
NetSuite OneWorld also offers global Customer Relationship Management (CRM), ecommerce and Professional Services Automation (PSA) solutions, enabling multinational businesses to align operations across finance, marketing, commerce, sales and service.
Need help with a NetSuite project of any kind or curious if NetSuite is right for your organization? Contact one of our NetSuite consultants online today!