Product Innovation Expands NetSuite Adoption into More than 100 Countries
Advancements Bring Transformative Power and Agility to Global Businesses of All Sizes
SAN MATEO, Calif. – NetSuite Inc. (NYSE: N), the industry’s leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today 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 (B2B, B2C and B2Anything), giving them the agility and flexibility to adapt to the rapidly changing world of modern business. The latest advancements expand support for NetSuite into more than 100 countries with configurable tax compliance, support for 20 languages and 190 currencies, and multi-subsidiary management, along with a myriad of capabilities for global businesses which have enabled NetSuite customers to transact in more than 200 countries and dependent territories around the world. 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. The agility, flexibility and scalability that NetSuite OneWorld provides cannot be achieved by businesses running legacy on-premise software or immature cloud solutions that are years behind NetSuite and only offer rudimentary functionality.
Businesses seeking to enter new markets, manage mergers, acquisitions and divestitures, and fast-growing companies looking to expand globally often find themselves held back by software systems siloed by department, geography or legal entity structures, leaving them unable to deliver an optimal customer experience and gain insights into their operations. These disparate software systems not only cannot scale with business growth but also introduce excessive costs and potential errors, while also restricting businesses’ ability to respond to their changing markets and the needs of their customers. While on-premise software requires costly maintenance and disrupts the business with every product upgrade, forcing companies into version lock, other available cloud financial software solutions only offer basic product functionality that cannot scale and support business needs and growth.
NetSuite OneWorld, winner of the 2015 Software & Information Industry Association (SIIA) CODiE Award for Best Financial Management Solution and the 2015 UK Cloud award for ERP Product of the Year, provides a unified and cloud-based suite of software that is flexible enough to meet the needs of diverse business models, legal structures and geographies. New customers like Misys, HP Software and American Express Global Business Travel are turning to NetSuite OneWorld for advanced capabilities to manage subsidiaries, tax compliance and multi-currency globally, while fast-growing food delivery pioneer Deliveroo is using NetSuite OneWorld to manage inventory across multiple locations, having rapidly expanded from just one country 12 months ago to six countries today.
“While other software vendors are struggling to move software architected before the Internet existed to the cloud or build out the rich global functionality NetSuite has pioneered, we’re continuing to innovate and expand the reach of our customers with new features that allow global businesses to expand their operations and adapt rapidly on a business platform for the future,” said Craig Sullivan, Senior VP of Enterprise and International Products for NetSuite. “NetSuite’s momentum in helping customers like Misys, HP Software and American Express Global Business Travel each to manage dozens of subsidiaries across the globe is a clear indication of the comprehensive functionality of OneWorld.”
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