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What is NetSuite OneWorld?

  • Manage multiple subsidiaries, business units and legal entities, domestic or international from a single solution
  • Standardize your processes
  • Gain visibility across geographies
  • Ensure regional compliance
  • Support for 27 languages & 190 Currencies
  • Country-specific configurations
  • Compliance with local accounting, tax and regulatory requirements
  • Real time visibility into financials and operations
  • Standardize core processes
  • Manage risk and control costs at all levels
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NetSuite Global Business Management Benefits

Standardize Processes
Ensure consistency across the organization by standardizing core business processes and workflows.

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

Simplified Administration
Eliminate the cost and complexity of supporting multiple ERP systems in different locations, with different data formats and inconsistent data standards.

Curious How Much NetSuite OneWorld Costs?

ScaleNorth is an official NetSuite partner and implementer of NetSuite OneWorld.

Challenges NetSuite OneWorld Will Solve

  • Avoid having to manage multiple ERP or accounting systems by replacing them with a single cloud-solution.
  • Gain complete control over how financial and operational data is handled between countries, continents, regions, subsidiaries, parent companies and more.
  • Simplify administration by giving the C-Suite access to all company data in real-time.
  • Quickly consolidate location/branch/subsidiary specific data for improved data accuracy, faster closing of the books, and more agile decision making.
  • Standardize core business processes and workflows globally.
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NetSuite OneWorld Features

NetSuite OneWorld offers essential tools for managing global financial operations, from consolidated financial reporting to tax compliance and audit-ready solutions. With features like Consolidated Financial Statements, Tax Management, and Audit Compliance, businesses can streamline processes and stay compliant. Additionally, Electronic Payments and other global features like Forecasting and Multi-Language support enhance efficiency across multinational operations.

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.
  • International businesses gain broad insights by restating currencies and consolidating financial reporting across business units.

Multi-Language

  • Translates 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.

Global Accounting and Consolidation

  • Multi-book accounting enables the use of multiple sets of books to accommodate differences in accounting and financial reporting.
  • Individual transactions can be posted to multiple books simultaneously.

Consolidated Financial Statements

  • Automatically posts transactions at the local and headquarters level, simplifying the process of generating consolidated financial statements.
  • Unified platform and multi-entity capabilities support a standardized general ledger structure at the corporate or headquarters level.
  • Transactions recorded at the local level are automatically mapped and posted to the parent account in the correct currency.

Indirect Tax Management

  • Configurable tax engine, SuiteTax, provides global tax management through a simple, easy-to-use system that automates the entire tax compliance process.
  • Preconfigured tax codes and localized reporting for more than 110 countries.
  • Real-time analysis of financial transactions down to individual line-item tax details.
  • Calculate taxes in real-time on sales and purchase transactions.

Audit Compliance & Reporting

  • Governance, Risk and Compliance (GRC) solutions help ensure compliance with international IT and security standards.
  • Always-on audit trail, built-in analytics, access logs, and automated workflows streamline documentation and reporting of systems, resources, risks, and controls.
  • Simplifies Sarbanes-Oxley (SOX) and similar compliance obligations by supporting standardization and consistent reporting.
  • Full drill-downs, from summary reports to underlying transaction details.
  • Local statutory and regulatory requirements.

Electronic Payments

  • Electronic Payments enables you to pay vendor bills and employee expenses across the globe directly.
  • Automated processing puts payments or direct debits into each bank’s predefined file format.
  • Lowers payment processing expenses by eliminating checks, postage, and envelopes.

We are a Proven, Trusted and Effective NetSuite Partner

Bob Scott's 2024 Top 100 VARS
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OUR EXPERTISE

260+

Team Members

650+

NetSuite Certifications Held by Staff

$2.5B+

Annual Revenue Transactions Processed

1,250+

Years of Collective NetSuite ERP Experience

7.5+

Average Years of NetSuite Experience

58%

Percentage of Staff with CPAs

Ready to make the leap to NetSuite?

ScaleNorth will implement, optimize, and customize NetSuite to fit your business needs. Utilize this powerful cloud based system to its fullest potential and leverage it to grow your company!

Complete the form to get started!

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