NetSuite Global Business Management

Manage your global business on a single ERP solution

Download My Data Sheet: NetSuite OneWorld

NetSuite OneWorld helps companies manage multiple subsidiaries, business units and legal entities, domestic or international from a single solution, effortlessly. Standardize your processes, gain visibility across geographies and ensure compliance.

Used in over 215 countries and dependent territories, NetSuite OneWorld enables companies to manage multiple subsidiaries, business units and legal entities from a single ERP. Support for 27 languages and 190 currencies makes it easy to work with customers and suppliers around the world, while country-specific configurations help ensure compliance with local accounting, tax and regulatory requirements. Get real-time visibility into operational and financial performance while standardizing core processes, managing risk and controlling costs at all levels of the organization.

Key Benefits

Improved Reporting

Real-time consolidation at local, regional and global levels improves the timeliness and accuracy of financial statements.

Financial and Operational Efficiencies

Manage multiple subsidiaries, business units and legal entities from one solution. When the entire organization uses the same system, metrics and processes, people are more productive, your business runs more smoothly and performance improves.

Ensure Compliance

Built to support both global standards and country-specific audit, tax and data security requirements, NetSuite OneWorld eases compliance with complex, ever-changing rules and regulations.

NetSuite, The #1 Cloud Global Management Software

Key Product Features

Multi-Currency

NetSuite currency management supports more than 190 currencies and exchange rates and a wide variety of payment options, enabling you to do business with customers and suppliers globally. Real-time currency conversion and financial consolidation support global operations. With NetSuite, international businesses gain broad insights by restating currencies and consolidating financial reporting across business units.

Multi-Language

Translated in 27 languages, including Chinese, Japanese, French, German and many more, NetSuite’s multi-language user interface helps bridge communication barriers and provides a flexible hierarchy that allows businesses to run their entire entity structures with ease.

Global Accounting and Consolidation

Multi-book accounting enables the use of multiple sets of books to accommodate differences in accounting and financial reporting requirements at local, regional and headquarters level. Because individual transactions can be posted to multiple books simultaneously, they’re recorded correctly under all applicable accounting standards.

Indirect Tax Management

NetSuite's configurable tax engine, SuiteTax, provides global tax management through a simple, easy-to-use system that automates the entire tax compliance process, saving time, reducing errors and minimizing costs. With preconfigured tax codes and localized reporting for more than 110 countries, NetSuite provides detailed, real-time analysis of financial transactions down to individual line-item tax details. Calculate taxes in real-time on sales and purchase transactions, including cross-border sales, and adhere to Intrastat reporting obligations between EU countries. The ability to file reports electronically makes the installation of stand-alone tax engines unnecessary for many businesses.

Production Management

Get your products to market quickly and efficiently by leveraging real-time visibility into production management processes.

Consolidated Financial Statements

OneWorld automatically posts each transaction at the local and headquarters level, simplifying the process of generating consolidated financial statements. NetSuite's unified platform and multi-entity capabilities support a standardized general ledger structure at the corporate or headquarters level while giving regional business units or subsidiaries the flexibility to create custom charts of accounts. Transactions recorded at the local level are automatically mapped and posted to the parent account in the correct currency and at the appropriate exchange rate.

Audit and Compliance Reporting

NetSuite’s Governance, Risk and Compliance (GRC) solutions help ensure compliance with international IT and security standards. An always-on audit trail, built-in analytics, access logs and automated workflows streamline documentation and reporting of systems, resources, risks and controls. NetSuite simplifies Sarbanes-Oxley (SOX) and similar compliance obligations by supporting standardization and consistent reporting across your entire organization.

Reason #1 for Choosing SuitePro as Your ERP Partner

We’ve implemented NetSuite in 20+ countries and 4 continents

Watch Our Pre-Recorded NetSuite Global Business Demo

WHAT PEOPLE SAY

The automated data flows between NetSuite and OpenAir create efficiencies, reduce manual data entry, and let us grow our company without adding extra staff.

NetSuite gives us transparency and a single view of everything without jumping through hoops. It’s a system that can grow with us

Head of IT of a Manufacturing Company

Before we were making decisions on hunches. With NetSuite, we can really see and analyze our business drivers and make informed decisions

Vice President - Operations, of a Wholesale Distribution Company

NetSuite has taken our business to the next level by giving us total integration across the platform and a tremendous ability to mine data