(Page 2 of 2)
NetSuite OneWorld Allows Companies` Back Office ERP Operations to Act Locally and Roll-up Globally
NetSuite OneWorld has Global ERP capabilities that deliver multi-currency business consolidation of financials and real-time roll-up across accounts receivable, accounts payable, payroll, inventory, billing, invoicing and order fulfillment from local in-country operations, to the regional office, to global headquarters. Costs can be reduced with NetSuite OneWorld because companies are able to staff back-office operations centrally and the same employees can handle operations across multiple subsidiaries. Because NetSuite OneWorld includes complete multi-currency management with automated currency rate updates, corporate headquarters or the parent company benefit from multiple levels of consolidated reporting that always accurately reflect currency conversion. Businesses running on NetSuite OneWorld can also populate a single chart-of-accounts across subsidiaries, or use separate charts-of-accounts for each company with postings between subsidiaries such as expense allocation managed via inter-company journals. Local taxes are also readily handled across subsidiaries thanks to an embedded tax engine that allows for multiple tax schedules for everything from GST, to VAT, to consumption tax or general sales tax. Revenue recognition, local financial reporting and compliance are also built-in components of NetSuite OneWorld. Finally, NetSuite OneWorld allows for global order management and sourcing with the ability to manage inventory and fulfillment across multiple locations with product items represented globally or on a per subsidiary basis.
NetSuite OneWorld Provides Global CRM to Improve Global Selling
NetSuite OneWorld has Global CRM capabilities that allow for management of multi-currency quotas, forecasts, commission payments, sales tax calculations and real-time reporting for everyone in a global sales organization from the local rep, to the regional vice president to the head of worldwide sales. Additionally, growing companies typically employ multiple sales channels for their global sales operations so NetSuite OneWorld allows for automation of common sales channels employed internationally including direct sales, distribution partner networks and Ecommerce. For instance, local direct sales reps can use a localized interface to transact in their local language and currency and see their quota, forecast, sales and commissions locally. Multi-currency conversion and business consolidation then allow those same local transactions to be rolled-up to regional and global levels with currency conversion occurring at each level. So a sales rep in Germany can interact with a user interface in German and enter an opportunity or an order in Euros, while the Managing Director for the EMEA region based in the UK can use an English user interface and may see that same order forecasted in British Pounds, and the head of Worldwide Sales based in the US headquarters can see it forecasted in US Dollars. Additionally, marketing and customer support operations can also be managed globally using NetSuite OneWorld so processes such as lead routing and trouble ticket assignment can easily be handled across regions or in-country, with global customer visibility and real-time measurement of marketing and service operational performance.
NetSuite OneWorld Makes Global Ecommerce Operations Feasible
With multi-site, multi-currency, multi-language, local tax compliance and local inventory sourcing capabilities, NetSuite OneWorld makes Global Ecommerce operations a snap. Additionally, if separate subsidiaries call for different branding on websites, each site can be run from the same NetSuite OneWorld account but with a different look and feel applied, and with different items and pricing schedules exposed on each site. Every page, product item and button on the site can be translated into a nearly unlimited number of languages, while local taxes and currencies are handled automatically as part of the checkout process. All Ecommerce sales are rolled-up and consolidated at the subsidiary, country, regional or global level, allowing for analysis against other sales channels, as well as spotting performance trends across various locations.
NetSuite OneWorld Delivers Real-Time Analytics for Global Organization to Make Timely Course Corrections
NetSuite OneWorld includes Global Business Intelligence capabilities that support local, regional and global metrics across a wide range of aspects of the business in real-time with currency conversion occurring as needed at each level of the subsidiary management hierarchy. With the benefit of consolidated data that NetSuite OneWorld provides, the decision-making process within a business is immediately improved with a plethora of pre-built metrics that can be tailored and personalized for role-based dashboards. Executives and regional managers can set their key indicators for each individual region or subsidiary and have complete drill-down to the specific transaction. Financial officers can easily analyze the general ledger impact of transactions at the local, regional or global level while sales executives can analyze quota, forecast sales and commissions at any level of sales hierarchy, based on their operational access. With all key business metrics visible and measurable in real-time across all business operations, executive decision making and timely course corrections are a few clicks away, rather than having to wait so long for research to be completed that the question to be resolved becomes moot.
Pricing and Availability:
Available now, NetSuite OneWorld is an add-on module to the base NetSuite product and is offered for $1,999 per month.
NetSuite Inc. is a leading vendor of on-demand, integrated business management software suites for small and midsized businesses. NetSuite enables companies to manage core business operations in a single system, which includes Accounting / Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce. NetSuite`s patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information.
NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.
Senior VP, Corporate Communications