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Oracle NetSuite OneWorld

Oracle NetSuite OneWorld is a cloud-based Enterprise Resource Planning (ERP) solution designed for multinational companies to manage their global operations in a single system. It offers features such as financial management, supply chain management, order management, inventory management, and human resources. NetSuite OneWorld helps businesses streamline their operations across multiple subsidiaries and countries, providing real-time visibility into global operations and enhancing collaboration. It also offers multi-currency support, local tax compliance, and reporting capabilities to meet the needs of global organizations. NetSuite OneWorld can be customized to meet the unique needs of businesses in various industries, making it a versatile solution for companies of all sizes.

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Why Choose NetSuite OneWorld?

NetSuite's unified data model simplifies intercompany reconciliation and netting. This means that sales orders created by one subsidiary can be linked to purchase orders created by another subsidiary, and the system can automatically identify and post the appropriate elimination journal entries when the order is invoiced. Additionally, with intercompany netting, accounting managers can easily balance intercompany accounts and create settlements for select transactions.

OneWorld also streamlines the month-end close process, making it easier to produce timely and accurate consolidated financial reports. A flexible general ledger provides a standardized chart of accounts while allowing account codes to be customized for individual subsidiaries. Transactions recorded at the subsidiary level under one set of codes will automatically map to the correct account at the parent level, further simplifying the reconciliation process.
OneWorld is designed to support both global standards and country-specific requirements. The system provides an always-on audit trail, built-in analytics, access logs, and workflow, as well as the ability to drill down to the underlying transaction details, ensuring that users always have access to supporting documentation. Access to NetSuite is based on user roles and permissions, providing enhanced security.

NetSuite's SuiteCloud platform offers unparalleled levels of personalization, customization, and development. These capabilities are available within a framework that ensures security, scalability, and global compliance. Additionally, the platform ensures that users are always on the latest version of the software, providing access to the most up-to-date features and capabilities.
NetSuite's multi-currency management feature supports over 190 currencies and exchange rates, allowing businesses to transact with customers and vendors around the world. It also provides a wide range of payment options and real-time currency conversion for accurate financial consolidation.

With NetSuite OneWorld, businesses can manage a complete range of international tax structures and restate currencies. The system also facilitates financial reporting across business units, providing a consolidated view of the company's financial status across various currencies.
NetSuite OneWorld offers support for indirect tax rules and reporting in over 100 countries. The system includes NetSuite SuiteTax, a scalable and flexible tax determination, calculation, and reporting engine designed to support any tax rule globally.

NetSuite OneWorld also provides real-time tax calculation on sales and purchase transactions, including cross-border sales. It helps businesses manage Intrastat reporting obligations among EU countries and facilitates electronic filing of reports, eliminating the need for a standalone tax engine for many companies.
The core of NetSuite OneWorld is its powerful financial reporting capabilities, which allow organizations to gain real-time insight into their global operations. The system includes a multi-language user interface that helps overcome communication barriers, as well as a flexible hierarchy that enables businesses to manage their entire entity structure with ease. OneWorld is specifically designed to provide an up-to-date global view of the business, with the ability to drill down into subsidiary-specific data to quickly understand what is happening anywhere in the world.
NetSuite OneWorld Partner

Aarialife Technologies

As a NetSuite OneWorld partner, Aarialife Technologies provides advanced cloud-based ERP solutions to multinational businesses seeking to streamline their operations across multiple countries and subsidiaries. With Aarialife Technologies, businesses can benefit from end-to-end implementation and support services, ensuring that clients maximize the benefits of NetSuite OneWorld. The experienced consultants at Aarialife Technologies work closely with clients to understand their unique needs and provide customized solutions that align with their business objectives. As a partner, Aarialife Technologies offers comprehensive solutions that integrate with other modules and functionalities, enabling clients to manage their global operations, reduce costs, and improve efficiency. With Aarialife Technologies as their partner, businesses can benefit from streamlined financial consolidation, enhanced compliance with local regulations, and improved visibility into their global operations, ultimately leading to improved profitability and growth.

Explore other modules by NetSuite

NetSuite Financial Management Cloud Service

An all-in-one cloud-based accounting and financial management solution that streamlines financial operations, improves business efficiency, and provides real-time financial insights.

NetSuite Inventory Management Cloud Service

A suite of powerful tools for businesses to optimize their inventory levels, improve logistics, and streamline supply chain operations, ultimately leading to increased efficiency and profitability.

NetSuite Manufacturing Management Cloud Service

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A cloud-based customer relationship management (CRM) software that helps businesses manage customer interactions, automate sales processes, and gain real-time visibility into their sales pipeline.

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NetSuite Electronic Invoices Cloud Service

NetSuite Electronic Invoices Cloud Service streamlines invoicing processes and improves cash flow management by automating the creation, delivery, and payment of electronic invoices.

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NetSuite Fixed Asset Management Cloud Service streamlines fixed asset tracking, management, and depreciation with real-time visibility, automated workflows, and accurate financial reporting.

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NetSuite Multi-Book Accounting allows businesses to manage multiple accounting books, each with its own accounting standards, tax regulations, and reporting requirements, for financial control.

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A cloud-based global business management solution that enables multi-subsidiary and multi-currency operations, with real-time visibility, financial consolidation, and streamlined compliance.

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Streamlines procurement processes, from requisitions to payment, with automated workflows, real-time budget tracking, and enhanced supplier management for improved sourcing and cost control.

NetSuite Manufacturing WIP & Routings Cloud Service

NetSuite Manufacturing WIP & Routings Cloud Service provides accurate work-in-progress tracking and production routing management, with real-time visibility, workflows, & optimized efficiency.

NetSuite Work Orders & Assemblies Cloud Service

Enables businesses to manage production workflows and schedules, track assembly operations, and optimize production efficiency, with real-time visibility and accurate reporting.

NetSuite SuiteAnalytics Connect Cloud Service

NetSuite SuiteAnalytics Connect Cloud Service enables businesses to easily integrate NetSuite data with third-party analytics tools, providing real-time access to data for deeper insights and analysis.

Explore Services by Aarialife for NetSuite

NetSuite Implementation

We provides businesses with expert guidance and support to ensure a hassle-free, seemless and successful deployment of NetSuite Cloud ERP.

NetSuite Custom Development

We offer businesses custom development solutions on the NetSuite platform, providing added value and differentiation to their service offerings.

NetSuite Support

We offer support service for NetSuite products with prompt and helpful assistance to users through various channels, including phone, email, & chat.

NetSuite Training

We provide comprehensive training resources to help users learn and master their platform, including online courses, webinars, and a dedicated knowledge base.

NetSuite Integration

We offer seamless integration of NetSuite products applications, allowing businesses to customize their workflows and streamline their processes.

NetSuite Dedicated Resource

We offer a professional is exclusively assigned to provide personalized support and expertise to ensure successful implementation and utilization of the ERP.

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