What Is Netsuite OneWorld
Netsuite Oneworld is a global business management platform that helps multinational companies streamline multi-subsidiary operations and provides real-time visibility at the local, regional and headquarter levels. NetSuite OneWorld delivers a real-time global business insight via role-based dashboards, a unified global business management platform for enterprises that manage multinational and multi-subsidiary operations—at a fraction of the cost of traditional on-premise ERP solutions. NetSuite OneWorld also delivers a global end-to-end solution to meet critical and time-consuming regulatory financial compliance requirements.
Why Netsuite OneWorld
NetSuite OneWorld addresses the complex multinational and multi-company needs of organizations. It enables businesses to adjust for currency, taxation and legal compliance differences at the local level, with regional and global business consolidation and roll-up. Business leaders get unprecedented visibility of their business worldwide in real-time, ensuring consistent, compliant management across the organization, locally and globally. In addition to providing global accounting/ERP solution, NetSuite OneWorld offers global Customer Relationship Management (CRM), e-commerce and Professional Services Automation (PSA) solutions, enabling multinational businesses to align operations across finance, marketing, commerce, sales and service.
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Global Accounting and Consolidation
Provides a multilanguage user-interface that helps bridge communication barriers and provides a flexible hierarchy that allows businesses to run their entire entity structure with ease. OneWorld also provides an instant global view of the business with subsidiary specific drill-down allowing you to quickly understand what is going on anywhere in the world.
Comprehensive Multi-Currency Management
Provides real-time currency conversion and financial consolidation for all your global operations. NetSuite multi-currency management supports 190+ currencies and exchange rates as well as a wide variety of payment options.
Audit and Compliance Reporting
Support both global standard and country-specific requirements. The always-on audit trail, built-in analytics, access logs and workflow, and the ability to drill down to the underlying transaction detail. Additionally, roles in user permissions management in business workflow capabilities allows to configure the system behaviours to support the requirements process.
Configurable Tax Engine
Provides out-of-the-cloud pre-configuration to more than 50 countries. NetSuite also provides a built-in tax engine that is configurable to your specific business needs.
Netsuite OneWorld Benefits
- Enables the management of multiple subsidiaries, business units and legal entities.
- Supports consistent processes across countries.
- Supports global compliance of internal and external processes.
- Provides real-time global business insight.
- Run a Complete ERP System in the Cloud
- Consolidate Operations and Gain Real-Time Financial Visibility
- Run your Business from Anywhere
Netsuite vs Netsuite OneWorld
The Standard edition is the middle of the road in terms of price and functionality, in other words, it falls between CRM and OneWorld. The Standard edition includes strong financials, inventory management, and everything that comes with the CRM edition. The only real limitation of the Standard edition is that it can’t be used by companies with multiple subsidiaries. In another side, OneWorld is the largest edition. It includes all of the functionality available in the CRM edition as well as the standard edition, but it’s the best choice for companies with multiple subsidiaries and multinational entities. OneWorld can handle all of a company’s international transactions and operations, and book them to different subsidiaries. While you are charged an additional amount for each subsidiary, the cost per subsidiary is reasonable. Netsuite OneWorld also provides API and real-time reporting while the standard edition isn’t.
Working With A Netsuite Solution Provider In Singapore
PointStar is the leading NetSuite solution provider in Singapore with a solid working knowledge of financial accounting/ ERP and CRM solutions for small to mid-market and enterprise customers. Our expertise ensures customers get the service they need when designing, implementing and deploying the business management solution. Our team of technical team has great expertise with web-based and instructor-led training opportunities and certifications.
Why Work With PointStar for Your NetSuite Integration?
PointStar is a Consulting Partner of NetSuite with many successful implementations ranging from traditional Financial Management deployments to the most complex Platform Development and Integration projects.
What is PointStar’s Deployment Methodology for NetSuite?
PointStar’s approach to project management is based on tried and tested principles of implementing for our clients. The structured approach means that clients are fully supported throughout the process and are clear on their actions to make the project a success. Our 7-step approach enables a weekly progression to enable clients to go live and maximise the benefits of the system within 3-months.
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