NetSuite, The #1 Cloud Global Management Software
Key Product Features
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.
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.
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