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Standardize Multi-subsidiary and Compliance Management with NetSuite OneWorld Implementation

Standardize Multi-subsidiary and Compliance Management with NetSuite OneWorld Implementation

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With NetSuite OneWorld Implementation, businesses can manage multiple subsidiaries, legal entities, and business units whether domestic or international from a single solution. NetSuite OneWorld helps you standardize your business processes, drive increased visibility across geographies, and ensure compliance.

NetSuite OneWorld Implementation

What is NetSuite OneWorld Implementation?

This software solution is deployed in over 217 countries and dependent territories. You can make the most of NetSuite OneWorld to manage multiple subsidiaries, business units, and legal entities and that too, at a standard NetSuite OneWorld Pricing. This extensive software renders support for 27 languages and 190 currencies. With such capabilities, businesses can simplify working with customers and suppliers around the world. Additionally, it comes with country-specific configurations to assist in ensuring compliance with local accounting, tax, and regulatory requirements. You can avail of real time visibility into operational and financial performance to better managing risk, and drive more control at all levels of the organization.

As per a research, 84% of surveyed NetSuite OneWorld customers saved 5-8 hours on intercompany netting and eliminations per month.

Why NetSuite OneWorld for Your Global Business Management?

Financial and Operational Efficiencies

Businesses with multiple subsidiaries, business units and legal entities can go for a NetSuite One World Demo via experienced and accredited NetSuite Solution Providers and analyze the scalability they can bring to their business from one, integrated solution. When the entire business organization uses the same and integrated system, metrics and processes, the workforce gets more productive. Moreover, you can run business more smoothly and improve performance as well.

Compliance Management

By leveraging the core capabilities of NetSuite OneWorld, you can steer extensive support for global standards and country-specific audit, tax, and data security requirements. NetSuite OneWorld Implementation simplifies compliance with complex, evolving rules, and regulations.

Performance Insights

This global business management software solution comes with automatic currency conversions and financial consolidation capabilities. It delivers a real time view of your entire business performance, and you can avail of key insights to make more informed business decisions as and when required.

NetSuite OneWorld Features

Multi-Currency

NetSuite OneWorld Currency Management delivers supports to more than 190 currencies and exchange rates and offers a wide variety of payment options. With such capabilities, you can do business with customers and suppliers globally. It extensively engineered real time currency conversion and financial consolidation renders extensive support to global operations. With NetSuite OneWorld Implementation, international businesses gain insights by restating currencies and consolidating financial reporting.

Multi-Language

NetSuite’s multi-language user interface offers translation in 27 languages, including Chinese, Japanese, French, German and many more. This helps bridge communication barriers and delivers a flexible system that allows businesses to run their entire entity structures without any hassle.

Global Accounting

You can avail of this extensive software solution at a standard NetSuite OneWorld Pricing via experienced and acclaimed NetSuite Solution Providers. This inventive solution comes with multi-book accounting to accommodate differences in accounting, and financial reporting requirements at local, regional, and headquarters level.

Consolidated Financials

With NetSuite OneWorld Implementation, you can witness automatically posted transactions at the local and headquarters level. This functionality simplifies the process of generating consolidated financial statements. By leveraging NetSuite’s unified platform and multi-entity capabilities, you can avail of support for a standardized general ledger structure at the corporate or headquarters level. Additionally, it gives regional business units or subsidiaries the flexibility to create custom charts of accounts. Transactions are recorded at the local level and automatically mapped and posted to the parent account in the existing currency, and at the appropriate currency exchange rate.

Indirect Tax Management

NetSuite’s configurable tax engine delivers global tax management through a simple, easy-to-use system. With NetSuite OneWorld Implementation drives automation across the entire tax compliance process, saves time, eliminates errors, and minimizes costs. With preconfigured tax codes and localized reporting capabilities, NetSuite OneWorld offers detailed and real time analysis of financial transactions. This global business management software solution calculates taxes in real time on sales and purchase transactions as well.

Audit and Compliance Reporting

NetSuite OneWorld Implementation comes with extensive Governance, Risk and Compliance (GRC) solutions. These solutions help ensure compliance with international IT and security standards. You can streamline documentation and reporting of systems, resources, risks, and controls via an on audit trail, built-in analytics, access logs, and automated workflows. NetSuite simplifies compliance obligations by supporting standardization and delivering consistent reporting across your entire organization. It renders full drill-downs, from summary reports to underlying transaction details and assists in maintaining transparency throughout the audit process.

E-Payments

NetSuite OneWorld Implementation gives NetSuite Electronic Payments capabilities to let you pay vendor bills and employee expenses across the globe directly from NetSuite. You can take payments directly from customers as well. Automated processing puts payments or direct debits into each bank’s predefined file format. You can easily import these files into banking software or submit to the bank online. That drops down the expense incurred with payment processingby eliminating checks, postage and envelopes.

NetSuite Global Business Management Benefits

  • Businesses can drive consistency across the organization by standardizing core business processes and workflows with NetSuite OneWorld Implementation
  • It comes with real time consolidation at local, regional and global levels and helps improve the timeliness and accuracy of financial statements. You can verify it with NetSuite One World Demo under the aegis of experienced NetSuite Solution Providers.
  • NetSuite Global Business Management Solution readily eliminates the cost and complexity of using multiple ERP systems in different locations, with disparate data formats, and data inconsistency.

NetSuite OneWorld vs NetSuite ERP

ParticularsNetSuite OneWorld                   NetSuite ERP
Pricing ModelQuote-basedMonthly Subscription Quote-based
FeaturesGlobal Accounting, Global CRM, Global E-commerce, Global Services Resource Planning, Global Business IntelligenceAccounting, Fixed Asset Management, Payment Management, Demand Planning, Inventory and Warehouse Management, Procurement, Manufacturing, Billing and Invoice,
IntegrationsNetSuite Inventory Management, Oracle Fusion Financial Management, NetSuite CRM, Suite Cloud Connect, PardotNetSuite CRM, NetSuite E-commerce, NetSuite PSA, Salesforce, Celigo, Google Applications, Actian
Company SizeMedium and Large EnterprisesSmall, Medium, and Large Enterprises

For more details about NetSuite OneWorld Implementation, write to us at info@netsuiteexpert.in Or Schedule A Demo

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