NetSuite OneWorld is an enterprise resource planning (ERP) software solution designed by NetSuite to help global businesses manage their finances, operations, and customer relationships. It provides a comprehensive suite of integrated business applications that helps to streamline and automate key business processes in a single cloud-based system. This complete solution simplifies the complexity of managing multiple legal entities, currencies, and taxation rules while providing access to real-time visibility across all business areas.
Let's explore the benefits of Netsuite Oneworld for businesses.
Key Features of NetSuite OneWorld
NetSuite OneWorld provides comprehensive financial management solutions that allow businesses to manage their financials from one centralized system. These tools include accounting and reporting, budgeting, cash management, accounts payable and receivable, inventory and order management, and more.
NetSuite OneWorld supports multiple currencies, allowing businesses to easily manage global transactions and exchange rates. This feature also supports various payment methods, including ACH, credit cards, and local payment methods.
NetSuite OneWorld provides multi-language support for businesses in multiple countries and regions. This feature allows companies to create transactions in their native language while providing customers with a localized experience.
NetSuite OneWorld supports multi-subsidiary management, enabling businesses to better manage their multiple legal entities and subsidiaries. This feature allows companies to set up their system for different taxes, currencies, and language requirements depending on their unique requirements.
Global Tax Management
NetSuite OneWorld provides a comprehensive global tax management feature that allows businesses to easily manage local and international tax regulations. This feature includes support for over 150 countries, enabling businesses to save time and money on compliance issues.
Automated Financial Consolidation
NetSuite OneWorld provides automated financial consolidation that simplifies reconciling multiple legal entities and subsidiaries. It enable businesses to consolidate their financials in a single report seamlessly by automating intercompany transaction accounting.
Real-Time Financial Reporting
NetSuite OneWorld also provides real-time financial reporting that allows businesses to keep track of their finances from one centralized system. This feature enables companies to access up-to-date information on their cash flows, budgets, expenses, revenues, and more in real-time.
NetSuite OneWorld vs. NetSuite ERP
Definition of NetSuite ERP
NetSuite ERP is an enterprise resource planning system intended to assist businesses in managing their finances, operations, and customer relations. It offers a suite of integrated business applications to streamline and simplify critical business processes using cloud technology.
Key Differences between NetSuite OneWorld and NetSuite ERP
Financial Management: NetSuite One World offers more comprehensive global financial management tools than NetSuite ERP.
Multi-Currency Management: NetSuite OneWorld supports multiple currencies, whereas NetSuite ERP only supports a single currency.
Benefits of NetSuite OneWorld over NetSuite ERP
Multi-Language Support: NetSuite OneWorld provides multi-language support, allowing businesses to interact with customers in their native language and offer a localized customer experience.
Multi-Subsidiary Management: NetSuite OneWorld provides multi-subsidiary management, enabling businesses to manage multiple legal entities and subsidiaries easily.
Global Tax Management: NetSuite OneWorld offers a comprehensive global tax management feature that helps businesses comply with local and international tax regulations.
Automated Financial Consolidation: NetSuite OneWorld provides automated financial consolidation tools that simplify the process of reconciling multiple legal entities and subsidiaries.
NetSuite OneWorld Pricing
NetSuite OneWorld is a cloud- ERP software with subscription-priced models. Factors like users, modules, and edition affect cost. It's competitive vs. other cloud solutions and offers multi-currency, tax compliance, financial consolidation, global financial management, intercompany management, and multi-subsidiary management. NetSuite OneWorld is powerful and scalable to streamline operations & improve finance management.
NetSuite OneWorld is an advanced cloud ERP solution that provides businesses with multi-currency, multi-language support, and global financial management capabilities. It is a complete version of NetSuite ERP, making it an ideal choice for international companies looking to streamline their business operations and improve their financial management. We recommend that global businesses consider NetSuite OneWorld for their ERP needs. Book a free demonstration of NetSuite OneWorld today to explore further.
About CEBA Solutions
CEBA Solutions is a team of experienced NetSuite experts committed to empowering business’ to make the most of NetSuite ERP. Our team is dedicated to providing comprehensive NetSuite Professional Services that is tailored to the specific needs of your business. With our help, you can be confident that your NetSuite reporting system is set up for success.
Whether you need customized solutions, complete NetSuite implementation, or ongoing account maintenance services, we are here to support you every step of the way. If you're interested in learning more about how CEBA Solutions can help you maximize the potential of NetSuite's business management platform, we encourage you to get in touch with our team today. We look forward to helping you achieve your business goals.