NetSuite OneWorld helps companies manage global operations, including multiple currencies, taxation rules and reporting requirements, across geographies and subsidiaries, all while providing real-time financial consolidation and visibility. OneWorld helps standardize your processes, gain visibility across geographies and ensure compliance from a single solution. When the entire organization uses the same system, metrics and processes, people are more productive, your business runs more smoothly, and performance improves. NetSuite OneWorld eases compliance with complex, ever-changing rules and regulations.
Key Features:
- Multi-currency: It supports over 190 currencies and exchange rates and a wide variety of payment options.
- Multi-language: It is translated in 27 languages, including Chinese, Japanese, French, German, etc.
- Financial consolidation: It provides real-time financial consolidation and visibility.
- Accounting: It enables the use of multiple sets of books to accommodate differences in accounting and financial reporting requirements.
- Indirect tax management: It automates the entire tax compliance process, saving time and reducing errors.
- 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.