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Managing Multi Company Enterprises with NetSuite OneWorld

NetSuite OneWorld is the premier solution for managing multi-company enterprises. It offers a suite of solutions that allow businesses to efficiently manage operations across multiple entities and subsidiaries, streamlining financials, inventory, customer relationships and more with an intuitive platform.

In addition, for companies that are operating globally, NetSuite offers the ability to automate the management of multi-currency transactions and the impacts they have on your financial reporting as foreign exchange rates fluctuate throughout the month.

Key Features of NetSuite OneWorld

Manage Global Operations

With NetSuite OneWorld, you can manage all of your global operations from one single platform. You get complete visibility across entities, accounts, divisions, currencies and language. With NetSuite's Subsidiary Navigator, you can also gain a global view of your companies and entities, and quickly navigate between entities and groups of companies, gaining better insights into individual performance.

Multi-Currency Transactions

The multi-currency transactions feature allows you to easily record entries in domestic or foreign currency and gain real-time visibility into all multi-currency transactions. This makes it easy for businesses to do business internationally without needing to worry about complex currency conversions. NetSuite also integrates to a number of Forex reporting tools, meaning you can get daily currency updates automatically.

Global Financial Consolidation

Global Financial Consolidation gives you the ability to consolidate financials across various currencies into a single set of financial reports so that you can quickly identify trends and make decisions that are in the best interest of your business.

Automate Intercompany Transactions and Financial Impacts

NetSuite OneWorld also allows you to automate intercompany transactions and the financial impacts they have on your business. This makes it easy to ensure that all intercompany accounts stay balanced, while also giving you visibility into global profitability and cash flow.

Multi-Language Support

NetSuite OneWorld also comes with multi-language support, including English, French, Spanish and Chinese which makes it easier for multinational companies to deploy their software to employees around the world.

Tax Compliance Across Countries

Tax compliance is an essential aspect of doing business globally. With NetSuite OneWorld, taxes are automatically calculated based on the individual regulations of each country where the company does business which eliminates much of the hassle associated with global taxation regulations.

Real-time Analytics

Finally, users can gain real-time analytics insights into their key performance metrics so they can make informed decisions about how best to manage their operations.

In Summary

NetSuite OneWorld is the premier solution for managing multi-company enterprises. It offers a suite of solutions that allow businesses to efficiently manage operations across multiple entities and subsidiaries, streamlining financials, inventory, customer relationships and more with an intuitive platform. Additionally, it also supports multi-currency transactions, global financial consolidation, automation of inter-company transactions and taxes across countries as well as real-time analytics. This makes NetSuite OneWorld the perfect solution for any business operating in multiple countries or locations around the world.

Interested in Learning More About NetSuite OneWorld?

CEBA Solutions can help you get the most out of NetSuite OneWorld. We have extensive experience with global businesses, helping them to implement, customize and optimize their software solutions. Contact us today to learn more about how we can help you maximize your investments in NetSuite OneWorld.