The modern company must be data-driven, innovative and able to scale and respond to market dynamics rapidly. NetSuite OneWorld delivers a real-time, unified global business management platform for enterprises that manages multinational and multi-subsidiary operations at a fraction of the cost of traditional on-premise ERP solutions. NetSuite OneWorld helps global businesses improve operational efficiency by delivering real-time visibility and consolidation and providing the flexibility to customize the solution for specific corporate and subsidiary needs.
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. In addition, NetSuite OneWorld provides a multilanguage user-interface that helps bridge communication barriers and provides a flexible hierarchy that allows businesses to run their entire entity structure with ease. 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. With NetSuite OneWorld, you are able to manage a complete range of international tax structures and restate currencies and consolidate financial reporting across business units.
Audit and Compliance Reporting NetSuite
OneWorld has been built to support both global standard and country-specific requirements. The always-on audit trail, builtin analytics, access logs and workflow, and the ability to drill down to the underlying transaction detail ensured that you’ll always get supporting documentation. Further, roles in user permissions management in business workflow capabilities allow you to configure the system behaviors to support your own process requirements to help you meet the needs of local compliance obligations.
Configurable Tax Engine
Recognizing the critical need for businesses to meet local indirect tax obligations wherever they do business, NetSuite OneWorld provides out-of-the-cloud pre-configuration to more than 50 countries. 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 and Intrastat reporting obligations between EU countries and file reports electronically, making the installation of stand-alone tax engine unnecessary for many businesses.