Businesses that operate on a global scale face the challenges of continuous regulatory change, compliance risk, financial penalties and the burden of more frequent system-based tax audits with ever more complex tax compliance requirements. As the world's #1 cloud-based global ERP, NetSuite OneWorld's international tax and compliance management capabilities helps enterprises with multiple sites and operations around the world to comply and operate effectively. NetSuite global ERP provides a robust foundation for visibility into overall operations, automation, simplicity and controls in the management of your global tax and compliance responsibilities, enabling you to move into new markets with confidence.
Used in more than 110 countries, NetSuite global ERP supports the most widely used languages. NetSuite's 'out-of-the-cloud' comprehensive indirect tax management and reporting capabilities cover over 90% of global Gross Domestic Product (GDP), ensuring your global business software is ready to handle your international footprint wherever your organisation operates.
The management of indirect taxes is a costly overhead however mismanagement of your tax management processes can result in penalties and interest charges.
Around the world, indirect tax requirements continue to change frequently and place an increasing burden on businesses to monitor and report on their compliance responsibilities. In Australia, GST compliance is both complex and time consuming and compliance responsibility is a major hidden cost of business operations.
Deployed by organisations in over 110 countries, NetSuite global ERP provides an end-to-end solution that can help you address these challenges through:
NetSuite OneWorld global ERP is used in more than 110 countries and includes comprehensive indirect tax management and reporting capabilities to comply with some of the most stringent local accounting regulations. Go global with confidence with NetSuite global erp solution which:
NetSuite OneWorld has a built-in tax engine that is configurable to the unique needs of your organisation. It provides:
NetSuite global ERP multi-currency management handles 190+ currencies and exchange rates simplifying the way you do business with both customers and vendors globally. It supports a wide variety of payment options, provides real-time currency conversion and financial consolidation for all your global operations.
NetSuite Electronic Payments simplifies the process of paying your vendor bills and employee expenses, as well as taking payments from customers, across the globe directly from within NetSuite. NetSuite Electronic Payment Processing places the payments or direct debits into each bank's predefined file format ready to import into banking software or submit to the bank online, and reduces time and costs spent on payment processing by eliminating checks, postage and envelopes.
Translated into 19 languages, including Chinese, Japanese, French, Germany and more, NetSuite OneWorld enables each of your employees to select his or her language of choice.
“As rapidly growing fairly complex multinational, multi-segment and multi-site business, one of the key reasons we chose NetSuite OneWorld was the combination of its multi-entity consolidation functionality combined with the capability to tailor the system to meet unique business requirements of each individual subsidiary.” Knowledge Universe
“NetSuite OneWorld gives us a way to deliver a standard platform across the organisation in a timeframe and at a cost that supports our continued growth and development.” Jollibee