Oracle NetSuite OneWorld
NetSuite OneWorld offers the ability to expand your NetSuite environment into new countries and markets, offering instant scalability. With NetSuite OneWorld, businesses can operate in multiple countries with a single instance of NetSuite. NetSuite can also be integrated with leading FX platforms including Reuters and Morningstar, giving you oversight of the impacts of live currency fluctuations.
Industry Leading Multi-Entity Management Functionality
Our Client Success
"NetSuite has significantly enhanced collaboration and communication across our international accounting teams.
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Holly Crook - Global Operations Manager
SoftIron
Learn How SoftIron Are Achieving Global Financial Consolidation and Streamlining Accounting Workflows with NetSuite OneWorld
SoftIron is a self-hosted data center provider with global operations in eight offices. SoftIron recognized the need to consolidate its accounting processes into a single, globalized system. The company faced challenges with its legacy accounting systems, including complexities in process, difficulties in consolidation, variations in terminologies, and language barriers across different countries. In 2021, they chose NetSuite and partnered with CEBA Solutions for their implementation and managed services requirements.
Top 5 NetSuite OneWorld Features
Global accounting
The Global Accounting feature in NetSuite's OneWorld module helps you to manage your finances across multiple countries. With NetSuite's Global Accounting tools, you can create and manage financial statements, consolidate your data, and track your financial performance.
Multi-currency
The Multi-currency feature in NetSuite's OneWorld module helps you to manage transactions in multiple currencies. With NetSuite's Multi-currency tools, you can create and manage currency exchange rates, convert currencies, and track your financial performance.
Multi-language
The Multi-language feature in NetSuite's OneWorld module helps you to manage transactions in multiple languages. With NetSuite's Multi-language tools, you can create and manage translations, convert currencies, and track your financial performance.
Localization
The Localization feature in NetSuite's OneWorld module helps you to manage your business in multiple countries. With NetSuite's Localization tools, you can create and manage subsidiary records, customize your user interface, and track your business performance.
Global tax compliance
The Tax compliance feature in NetSuite's OneWorld module helps you to meet your tax obligations in multiple countries. With NetSuite's Tax compliance tools, you can create and manage tax rules, file tax returns, and track your tax liability across multiple jurisdictions.
Business Impacts of Implementing NetSuite Enterprise Resource Planning (ERP)
NetSuite OneWorld gives businesses the ability to expand their NetSuite environment into new countries and markets, offering instant scalability. With NetSuite OneWorld, businesses can operate in multiple countries with a single instance of NetSuite.
OneWorld's multi-subsidiary functionality allows complex businesses to get an umbrella view of their subsidiaries and groups of companies and consolidate reporting at the head office level.
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Business benefits of Implementing OneWorld include:
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The ability to expand your business into new countries and markets
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Improved efficiencies from having a single instance of NetSuiteI
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Increased visibility into subsidiary performance
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Improved compliance with local tax regulations
"From purchase requisition to supplier payment, every step became traceable and manageable in real-time."
Jeff Zuniga - CFO
PGM of Texas
Learn How PGM of Texas are Using NetSuite to Unlock Global Scalability, Simplifying Subsidiary Management and Streamlining Asset Management.
PGM of Texas, a leading player in the catalytic converter recycling industry, began operations in 2010. Prior to September 2021, PGM of Texas relied heavily on Quickbooks and Excel for its financial operations, fixed assets, and inventory management. The lack of robust workflows and internal control systems, along with the need to maintain servers and infrastructure, proved increasingly burdensome for the growing business.
Grow Your Business With NetSuite and CEBA Solutions
CEBA Solutions is a NetSuite Solution Provider with over 15 years of experience helping businesses to implement and optimize NetSuite. We offer a range of services to help businesses get the most out of their NetSuite investment, including implementation, customization, training, and support. Contact us today to learn more about how we can help you grow your business with NetSuite OneWorld.