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 1. Products


NETSUITE GLOBAL BUSINESS MANAGEMENT



Manage multiple subsidiaries, business units and legal entities, domestic or
international from a single solution. Standardize your processes, gain
visibility across geographies and ensure compliance.


 * What is NetSuite Global Business Management?
 * Benefits
 * Features
 * Challenges
 * Implementation
 * Pricing
 * Resources

Manage your global business on a single ERP solution




WHAT IS NETSUITE GLOBAL BUSINESS MANAGEMENT?

Used in over 217 countries and dependent territories, NetSuite OneWorld enables
companies to manage multiple subsidiaries, business units and legal entities
from a single ERP. Support for 27 languages and 190 currencies makes it easy to
work with customers and suppliers around the world, while country-specific
configurations help ensure compliance with local accounting, tax and regulatory
requirements. Get real-time visibility into operational and financial
performance while standardizing core processes, managing risk and controlling
costs at all levels of the organization.

What is NetSuite OneWorld? (Video)



--------------------------------------------------------------------------------


FINANCIAL AND OPERATIONAL EFFICIENCIES

Manage multiple subsidiaries, business units and legal entities from one
solution. When the entire organization uses the same system, metrics and
processes, people are more productive, your business runs more smoothly and
performance improves.

--------------------------------------------------------------------------------


ENSURE COMPLIANCE

Built to support both global standards and country-specific audit, tax and data
security requirements, NetSuite OneWorld eases compliance with complex,
ever-changing rules and regulations.



--------------------------------------------------------------------------------


BUSINESS PERFORMANCE INSIGHTS

Automatic currency conversions and financial consolidation provide a real-time
view of business performance, whenever and wherever you need insights to inform
decisions.

 1. 
 2. 
 3. 

If your company stands for having global processes, NetSuite OneWorld is a great
option as it helps you to consolidate all numbers very easily and report back to
business in a lively manner.

Senior IT Manager
Professional Services Company

NetSuite OneWorld is perfect for a small business dealing with several
currencies and entities. Very easy to use.

Financial Analyst
Service Provider Company

NetSuite OneWorld is easy to use, handles consolidations well, and has good
drill-downs and search capabilities.

Controller
Media and Entertainment Company

PreviousNext


LEARN HOW ERP CAN STREAMLINE YOUR BUSINESS

Free Product Tour


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.


NETSUITE GLOBAL BUSINESS MANAGEMENT FEATURES



NetSuite OneWorld helps companies manage global operations, including multiple
currencies, taxation rules and reporting requirements, across geographies and
subsidiaries while providing real-time financial consolidation and visibility.

 * Multi-Currency
 * Multi-Language
 * Global Accounting and Consolidation
 * Consolidated Financial Statements
 * Indirect Tax Management
 * Audit and Compliance Reporting
 * Electronic Payments


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 global operations. With NetSuite, international businesses
gain broad insights by restating currencies and consolidating financial
reporting across business units.




MULTI-LANGUAGE

Translated 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 that allows businesses to run their
entire entity structures with ease.




GLOBAL ACCOUNTING AND CONSOLIDATION

Multi-book accounting enables the use of multiple sets of books to accommodate
differences in accounting and financial reporting requirements at local,
regional and headquarters level. Because individual transactions can be posted
to multiple books simultaneously, they’re recorded correctly under all
applicable accounting standards.




CONSOLIDATED FINANCIAL STATEMENTS

OneWorld automatically posts each transaction at the local and headquarters
level, simplifying the process of generating consolidated financial statements.
NetSuite's unified platform and multi-entity capabilities support a standardized
general ledger structure at the corporate or headquarters level while giving
regional business units or subsidiaries the flexibility to create custom charts
of accounts. Transactions recorded at the local level are automatically mapped
and posted to the parent account in the correct currency and at the appropriate
exchange rate.




INDIRECT TAX MANAGEMENT

NetSuite's configurable tax engine, SuiteTax, provides global tax management
through a simple, easy-to-use system that automates the entire tax compliance
process, saving time, reducing errors and minimizing costs. With preconfigured
tax codes and localized reporting for more than 110 countries, NetSuite provides
detailed, real-time analysis of financial transactions down to individual
line-item tax details. Calculate taxes in real-time on sales and purchase
transactions, including cross-border sales, and adhere to Intrastat reporting
obligations between EU countries. The ability to file reports electronically
makes the installation of stand-alone tax engines unnecessary for many
businesses.




AUDIT AND COMPLIANCE REPORTING

NetSuite’s Governance, Risk and Compliance (GRC) solutions help ensure
compliance with international IT and security standards. An always-on audit
trail, built-in analytics, access logs and automated workflows streamline
documentation and reporting of systems, resources, risks and controls. NetSuite
simplifies Sarbanes-Oxley (SOX) and similar compliance obligations by supporting
standardization and consistent reporting across your entire organization. Full
drill-downs, from summary reports to underlying transaction details, provide
transparency and demonstrate on-going compliance with local statutory and
regulatory requirements.




ELECTRONIC PAYMENTS

NetSuite Electronic Payments enables you to pay vendor bills and employee
expenses across the globe directly from NetSuite, as well as take payments
directly from customers. Automated processing puts payments or direct debits
into each bank's predefined file format, ready to import into banking software
or submit to the bank online. That lowers payment processing expenses by
eliminating checks, postage and envelopes and saves time, too.




CHALLENGES NETSUITE GLOBAL BUSINESS MANAGEMENT SOLVES

--------------------------------------------------------------------------------

 * Meeting Global Regulatory Requirements. Manage global operations and comply
   with local tax regulations, multiple accounting standards and complex
   reporting requirements wherever you do business.
 * Managing Currency Fluctuations. Automatically post international transactions
   in both the local and standard currencies in real-time at the correct rate.
 * Difficulty Closing the Books. Transactions automatically post at both the
   subsidiary and headquarters levels, accelerating the close process and
   simplifying consolidations.

84%

of surveyed NetSuite OneWorld customers saved 5-8 hours on intercompany netting
and eliminations per month.

100%

of surveyed NetSuite OneWorld customers confirmed that they have saved more than
days per month producing consolidated financials.

63%

of surveyed customers said since using NetSuite OneWorld they’ve benefited from
time saved producing consolidated financial statements.

Source: TechValidate


FASTER TIME TO VALUE

--------------------------------------------------------------------------------

NetSuite has packaged the experience gained from tens of thousands of worldwide
deployments over two decades into a set of leading practices. These practices
pave a clear path to success and are proven to deliver rapid business value and
get you live on NetSuite in a predictable timeframe. Intelligent, stepped
implementations begin with sales and span the entire customer lifecycle, so
there’s continuity from sales to services to support.




HOW MUCH DOES NETSUITE GLOBAL BUSINESS MANAGEMENT COST?

Companies of every size, from pre-revenue startups to fast-growing businesses,
have made the move to NetSuite. Looking for a better way to run your business
but wondering about the cost?

Users subscribe to NetSuite for an annual license fee. Your license is made up
of three main components: core platform, optional modules and number of users.
There is also a one-time implementation fee for initial set up. As your business
grows, you can easily activate new modules and add users — that’s the beauty of
cloud software.

Some global business management capabilities are included with the NetSuite
platform license. Additional functionality is available with NetSuite OneWorld.


Contact NetSuite Now




RESOURCES


 * Data Sheets
 * Customer Stories
 * Product Demos
 * Webinars
 * Guides & Blogs
 * Essential Learnings


DATA SHEETS

Access specifications, features and benefits of NetSuite OneWorld.

 * NetSuite OneWorld
 * NetSuite Multi-Book Accounting
 * NetSuite Electronic Bank Payments
 * NetSuite SuiteTax


CUSTOMER STORIES

Spark ideas with success stories from NetSuite customers.

 * Brex, the Fintech Star, Looks Back on Its Switch from QuickBooks to NetSuite
 * Bailey Nelson Eyes Global Expansion with Better Visibility into Operations
 * CentralReach Speeds Up Reporting, Billing and More After Trading QuickBooks
   for NetSuite


PRODUCT DEMOS

See NetSuite OneWorld in action.

 * Global Financials
 * NetSuite Multi-book


WEBINARS

View our on-demand webinars, which deliver insights from NetSuite and industry
experts.

 * Stop the Headache of Intercompany Accounting
 * Consolidate Your Accounts with Muiti-Book Reporting
 * Accounting in Multiple Currencies


GUIDES & BLOGS

Go deep into topics around NetSuite Order Management.

 * Multi-Entity Accounting Does Not Mean More Work (Blog)
 * 3 Steps to Taming Intercompany Accounting (Blog)
 * How to Overcome the Accounting Challenges of Foreign Currency Transactions
   (Blog)
 * A Finance Director’s Guide to International Expansion (Guide)


ESSENTIAL LEARNING

Discover best practices and learn more about global business management from
beginner to advanced levels.

 * Going Global: Is it Time to Streamline Your ERP? (Article)

--------------------------------------------------------------------------------

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