Aarialife TechnologiesAarialife Technologies

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?

Intercompany Accounting and Consolidation
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.
Audit and Compliance Reporting
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.
Comprehensive Multi-Currency Management
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.
Configurable Tax Engine
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.
AutoGlobal Business Managementmated Accounting RuleDriven Engine
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.

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