NetSuite OneWorld Module
Take Your Business Global With NetSuite OneWorld
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 w/ local accounting, tax and regulatory requirements
- Real time visibility into financials and operations
- Standardize core processes
- Manage risk and control costs at all levels
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.
NetSuite OneWorld Features
- Multi-Currency
- Multi-Language
- Global Accounting and Consolidation
- Consolidated Financial Statements
- Indirect Tax Management
- Audit Compliance & Reporting
- Electronic Payments
- 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
- 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
- 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
- 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
- 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
- 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 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
Fast & Efficient NetSuite OneWorld Implementations
OneWorld Implementation For Your Business
ScaleNorth’s team of experienced NetSuite consultants can implement and optimize NetSuite and its relevant modules for your business to optimize your ERP investment.
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Optimize NetSuite OneWorld
to fit your business.
ScaleNorth will implement, optimize, and customize NetSuite OneWorld to fit your business needs. Utilize this powerful cloud based system to its fullest potential and leverage it to grow your company!