NetSuite OneWorld ERP

Netsuite Oneworld2


Powerful financial management

NetSuite’s financial management provides comprehensive accounting functions that accelerate your financial statements, provide strong billing and expense management, streamline order and revenue management, and provide a complete view of real-time and reporting on the management of business finance.

  • Provides more than 100 standard reports, including profit and loss accounts, balance sheets, consolidated reports, variance reports, and counter-narratives – or simply create and define financial reports according to your organization’s requirements
  • Flexible general ledger and flexible accounts for trade receivables and payables; Supports an unlimited number of general ledger accounts, sub-accounts, and segments Automated assignments, currency management tools, and period locks simplify the closing process at the end of the period
  • Asset management enables the management and control of the entire asset lifecycle of all assets with and without impairment, from generation through impairment, revaluation and disposal
  • Maintains various accounting and business practices in different countries and supports local reporting and tax regulations Full support for multi-currency accounting for offices in other countries or when dealing with foreign companies

End-to-end order management

  • NetSuite accelerates your order processing from quotation through order to invoice with a single integrated process that reduces manual effort, eliminates errors, and speeds up job management
  • Converts offers to approved customer orders and forwards them to the finance team for invoicing and revenue realization
  • Integrates order execution with inventory management and vendors, making every single step more efficient
  • Integrates rules for pricing and discounts automatically into the bidding process
  • Automates revenue realization by recognizing rules on how customer orders are settled and executed
  • Reduces execution errors by the electronic forwarding of orders to suppliers for direct shipment
  • Provides real-time visibility into the entire order management process and displays orders, trends and order conversion
  • Automates the creation of invoices by the calculation of sales tax, financing expenses and discounts based on payment terms
  • Provides flexibility to make invoices in advance, invoices in arrears, as well as invoices pro rata for incomplete months
  • Eliminates re-entering data by simply accepting payments through a range of payment options

Advanced procurement, inventory and execution management

NetSuite’s procurement, inventory, and execution management provides a full set of capabilities that provide integrated supply chain management, while NetSuite’s merchandise and vendor management capabilities help reduce the cost of goods and services that streamline procurement-to-pay processes Compliance with all company policies.

  • Enables employees to create and track product purchase requisitions and self-service orders
  • Personal center, hhich eliminates paper forms and related errors
  • Establishes strong approval processes for orders with automatic approval control and digital approvals
  • Provides detailed real-time insight into the key figures of spending, inventory, and supply chain management
  • Multiple site inventory management simplifies the assignment of which warehouse location receives or executes an order
  • Provides comprehensive cost estimates for inventory, including LIFO (Last In First Out), FIFO (First In First Out), average and standard cost calculation
  • Integrated demand planning predicts the required inventory levels based on historical data, sales forecasts, average trends and seasonal fluctuations
  • An integrated supplier center offers suppliers self-service access to customer orders, data on trade payables and other important information
  • Provides integrated shipping with carriers such as USPS, FedEx and UPS

Management of professional services

NetSuite streamlines the entire lifecycle of professional services – from marketing, project management, service execution, billing, and revenue management to successive deals with existing customers. NetSuite provides built-in service management or integrates with NetSuite OpenAir, the best automation solution for professional services (PSA) to achieve full resource planning for services (SRP).

  • Manage all project-related data in a single system and easily track any job in real-time
  • Provides real-time updates on project status and key results through the use of project management and time tracking
  • Supports the management and analysis of project finance, from preparation preparation to time and expense tracking, customer billing systems and internal backflushing
  • Streamlines invoice, expense, and time management with a complete integration of the self-service process and easy web-based access and approval from anywhere
  • Enables team members to submit their time and expenses, as well as to monitor projects