What are latest enhancements in NetSuite OneWorld?

NetSuite, the industry’s leading provider of cloud-based ERP software suite, recently announced the latest product enhancements to NetSuite OneWorld, continuing its lead in delivering transformative power to global businesses of all sizes with any business model, giving them the agility and flexibility to adapt to the rapidly changing world of modern business.

NetSuite OneWorld gives today’s businesses the ability to expand and transform their organizations and reinvent their business models to meet the ever changing demands of their markets and the expectations of their customers.

With the latest release of NetSuite advancements, OneWorld brings enterprise-ready capabilities to meet the challenges faced by global businesses of all sizes including:

Omni-business model: Now support B2B, B2C and B2Anything across ecommerce, in-store, telesales, social channels and more, NetSuite OneWorld, in connection with SuiteCommerce Advanced, gives businesses flexibility and agility to adapt to the speed of modern business while operating on a global scale.

Comprehensive tax compliance: NetSuite OneWorld’s global tax engine now supports more than 100 countries with simple-to-deploy indirect tax calculation and reporting capabilities, materially simplifying tax management, tax compliance, filing and audit accountability.

Multi-subsidiary management: With support for an arbitrary number of subsidiaries and multi-level hierarchies, NetSuite OneWorld’s multi-subsidiary management capabilities provide the foundation for the deployment of a legal business structure on a global basis.

Multi-location inventory management: The multi-location inventory management enables business to keep track of and optimize the physical location of goods to meet the evolving needs of their customers.

Multi-currency management: NetSuite OneWorld now supports automated exchange rate updates for all 190+ ISO currencies and, in conjunction with global order management, enables businesses to transact with any customer, anywhere.

Multi-book accounting: NetSuite OneWorld’s multi-book capabilities automate the manual effort of ensuring accounting transactions meet local standards as well as global reporting requirements and empower controllers to manage their local period close reporting requirements with per book period end close.

Multi-language support: Global companies can communicate with customers and employees in the language of their choice.

Support for multi-payment methods: NetSuite’s SuitePayments now counts 10 partners, and supports electronic payments in an unlimited number of bank formats including over 80 predefined formats (including SEPA) across more than 20 countries.

Omni-device capabilities: With support for Apple and Android devices and accessible from anywhere with a web browser and an Internet connection, NetSuite delivers the full power of NetSuite OneWorld to the user’s device of choice.

For more details on the advancements and capabilities in NetSuite OneWorld, read here.

About Ambit: Ambit Software is a certified NetSuite Solution Provider with extensive experience in implementing NetSuite across diverse verticals. For more details on Ambit’s NetSuite practice, click here.