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NetSuite OneWorld

A web-based accounts payable service designed by NetSuite for large enterprises.
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NetSuite OneWorld is the first and only on-demand system to deliver real-time global business management and financial consolidation to mid-sized companies with multinational and multi-subsidiary operations.

With NetSuite OneWorld, you can manage companies with multiple subsidiaries, business units and legal entities all from a single NetSuite account. NetSuite OneWorld seamlessly handles different currencies, taxation rules, and reporting requirements—at a fraction of the cost of traditional on-premise ERP solutions.

Multiple levels of consolidated reporting. Multi-currency management with automated currency rate updates ensures reports accurately reflect currency conversion.

More rapid financial close. Real-time management and financial automation capabilities can significantly reduce time to close. Cost reduction. You can staff back-office operations centrally — or in low-cost locations — and the same employees can handle operations across multiple subsidiaries.

Global order management and sourcing. You can manage inventory and fulfillment across multiple locations with product items represented globally or by each subsidiary.

Simplified tax management across borders. NetSuite OneWorld’s tax engine accommodates multiple tax schedules for local taxes across subsidiaries, GST, VAT, consumption tax or general sales tax, and more. Unprecedented worldwide visibility into operations. Role-based dashboards and drill-down everywhere provide instant insight across the corporate hierarchy of subsidiaries.

Management beyond financials. Local, regional and global metrics cover all aspects of the business in real-time.

Unparalleled integration. One database provides a repository of all your worldwide business data, eliminating the need for data warehouses or multiple systems at each local site.

NetSuite OneWorld addresses the complex multi-national and multi-company needs of mid-market organizations.

Accounts Payable Features Include:

  • Simplified tax management across all borders
  • Unprecedented worldwide visibility into operations
  • Multi-Currency
  • Unlimited number of vendors
  • Allows multiple A/P accounts
  • Add vendors on the fly
  • Tracks vendor purchases and payments
  • Tracks bills and generates automatic payments for approval
  • Calculates and generates sales tax payments
  • Memorize and schedule and unlimited number of transactions
  • Write and print checks

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