NetSuite Global Based Companies
NetSuite create great software. BM Online implement great Global Based solutions for companies using NetSuite. One System for Multi-Company Business Management NetSuite OneWorld enables multi-company business management in real-time. NetSuite OneWorld is an optional module of NetSuite that manages the financial consolidation required of separate companies with multiple charts of account, multi-entity marketing and customer support, the management of disparate sales teams and selling partners, and ability for rolled-up multi-company reporting and business intelligence requirements in real-time. OneWorld allows drill-down to all levels in the underlying businesses—to the item level, the customer, record or to an individual transaction. Only with NetSuite OneWorld can you see consolidated information across all your companies AND the very specific data you are interested in within each OneWorld. Real-time Management for Multi-Company Businesses Unlike other products that only allow you to see consolidation only at the level of general ledgers, NetSuite OneWorld provides complete visibility into all areas of each business. NetSuite OneWorld supports regions, subsidiaries, and separate legal entities with the same parent company with sophisticated accounting/ERP, sales, marketing, support and ecommerce in real time. It provides the ability to manage multiple companies (legal entities), with potentially different currencies, taxation rules, and reporting requirements, within a single NetSuite account. NetSuite OneWorld is the first software application to automate all the financial aspects of selling, such as quotas, forecasts, sales, returns, commissions, and rollbacks and, combined with all other accounting activity, successfully consolidate multiple charts of account—allowing you real-time visibility and the ability to close your books at the period’s end more quickly—even with different currencies and taxation rules. It is designed for:
- Discrete companies with hierarchical reporting structure to a parent corporation
- Companies that cross borders
- Companies with multiple subsidiaries
- Complex environments that include some or all of these
Real-Time Financial Consolidation NetSuite OneWorld provides corporate headquarters or a parent company with real-time roll-up of costs, revenue, and commissions for all the companies under its jurisdiction. You can populate a single chart of accounts across subsidiaries or companies, or use separate charts of account for each. And NetSuite One allows posting between companies through intercompany allocations or journals when needed. NetSuite OneWorld automatically calculates the Cumulative Translation Adjustment (CTA) that results from using different consolidation rates such as average for P&L transactions and month-end or historical for balance sheet transactions. The consolidation rate type used is set at the account level. OneWorld users can go back to any historical period and see all of the detail related to CTA and consolidation entries.