Wednesday, 18 May 2016 05:12

NetSuite OneWorld 16 adds enhancements for global enterprises

By

NetSuite, the rapidly-growing global cloud-based Enterprise Resource Planning (ERP) platform, has announced the release of a host of new product enhancements to NetSuite OneWorld designed to provide global enterprises with the agility and flexibility of a start-up, while meeting their complex industry, regulatory and tax requirements at global scale.

The new, enterprise-ready capabilities extend NetSuite’s leadership position as the #1 cloud ERP provider as it continues to rapidly deliver financial management capabilities for multi-national organisations that are unmatched in the industry, according to a media release issued by the comany.

Building on the momentum of enhancements to NetSuite OneWorld announced in December 2015, this new release delivers deep global financial capabilities, global control, governance, risk and compliance (GRC) features and enhanced financial reporting. In conjunction with all the global enterprise-ready capabilities available in NetSuite OneWorld 16, this new release further helps global companies increase operational efficiency, streamline financial reporting, deepen local and global compliance, localize business processes and deliver peace of mind for CFOs, controllers and finance users.

“The robust functionality and flexibility of NetSuite OneWorld makes it the last ERP system you’ll ever need,” said NetSuite chief executive Zach Nelson. “Whether they’re a fast-growing start-up or a multinational enterprise, NetSuite continues to meet customer demands with features that enable them to confidently expand into new markets, launch new products or services and adapt to customer and market demands with a unified and agile cloud-based platform.”

Enhancements to NetSuite OneWorld that deliver ground-breaking agility include:

1. Secondary books consolidation and financial reporting, allowing companies that are required to keep multiple sets of auditable financial results to satisfy specific GAAP (Generally Accepted Accounting Principles) requirements across their global business operations, and enabling accountants and controllers to optimize financial period closing at a global level. For example, companies can maintain accounting records according to their corporate or headquarter accounting policies in parallel with local accounting rules that may have different recognition timing or classification.

2. Electronic invoicing framework, which helps customers to create country-specific electronic invoices, comply with local legal and cultural operational requirements, such as Factura Electrónica in Mexico and PEPPOL in Europe, as well as further automate the order to cash process while decreasing costs associated with manual paper invoice processing and improving collections with faster payments.

3. NetSuite SuiteBilling & Unified Revenue Recognition, the industry’s first and only cloud order-to-billing-to-revenue solution, unifies both the billing and revenue recognition processes for global businesses regardless of business model with complete controls and auditability, helping businesses with global compliance requirements to reduce risks. SuiteBilling can enable global businesses to evolve their business model, product or service offerings with confidence that NetSuite OneWorld can support their needs.

The impact of the Internet, evolving labor markets and expanding supply chains have combined to force all businesses to become global businesses. Organizations need a system that can quickly respond to these changes, whether it’s the possibility of the UK leaving the EU, an evolving global economy or a shifting regulatory environment. Whether a business is adding a new subsidiary, launching a new sales channel or acquiring a company, NetSuite OneWorld can quickly and easily manage the complex operational and financial impact of business processes, creating a seamless experience for thousands of organizations.

NetSuite OneWorld supports more than 100 countries with configurable tax calculation and reporting in order to meet local government compliance obligations, supports 20 different languages natively along with any language of communication for Customer and Vendor interactions. Further, with support for 190 currencies, over 120 payment methods and multi-subsidiary management, enabling NetSuite customers to transact in more than 200 countries and dependent territories around the world.

David M. Williams is attending SuiteWorld 2016 as a guest of NetSuite.

Read 3542 times

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here

ENABLING MICROSOFT TEAMS IN THE CONTACT CENTRE

If you're looking at enabling Microsoft Teams for your contact centre, you should bookmark this webinar.

Marketing budgets are now focused on Webinars combined with Lead Generation.

Our panellists from Whangarei District Council (NZ) and Maurice Blackburn Lawyers (Aus) were closely involved in recent projects to enable Microsoft Teams for their own contact centres.

They have kindly agreed to join Enghouse and Microsoft to talk about some of the things they would recommend as most critical for IT and CX professionals planning a Teams Contact Centre migration.

Date: 11 May 2022
Time: 12pm AEST | 2pm NZST | 10am SGT

We look forward to having you join us. Please click the button below to register.

REGISTER HERE!

SONICWALL 2022 CYBER THREAT REPORT

The past year has seen a meteoric rise in ransomware incidents worldwide.

Over the past 12 months, SonicWall Capture Labs threat researchers have diligently tracked the meteoric rise in cyberattacks, as well as trends and activity across all threat vectors, including:

Ransomware
Cryptojacking
Encrypted threats
IoT malware
Zero-day attacks and more

These exclusive findings are now available via the 2022 SonicWall Cyber Threat Report, which ensures SMBs, government agencies, enterprises and other organizations have the actionable threat intelligence needed to combat the rising tide of cybercrime.

Click the button below to get the report.

GET REPORT!

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

BACK TO HOME PAGE
David M Williams

David has been computing since 1984 where he instantly gravitated to the family Commodore 64. He completed a Bachelor of Computer Science degree from 1990 to 1992, commencing full-time employment as a systems analyst at the end of that year. David subsequently worked as a UNIX Systems Manager, Asia-Pacific technical specialist for an international software company, Business Analyst, IT Manager, and other roles. David has been the Chief Information Officer for national public companies since 2007, delivering IT knowledge and business acumen, seeking to transform the industries within which he works. David is also involved in the user group community, the Australian Computer Society technical advisory boards, and education.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments