Grab Support for Global Business Compliance with NetSuite OneWorld

Considering the modern world challenges and complexities, NetSuite has come up with an inventive solution to deliver support for global compliance and help business expand effortlessly. This robust, cloud-based global business management platform can help you take your business global and grab the latest opportunities for substantial growth as well.

NetSuite OneWorld Features:

Financials

With NetSuite OneWorld Financials, you can grab a complete cloud financial management application that helps your global business adjust for currency, language, taxation, and legal compliance differences at the local level. Also, it helps business meet compliance alongside regional and global business consolidation and roll-up. Moreover, its real-time visibility into all aspects of your business helps ensure consistent and compliant management both locally and globally.

 

Global Accounting and Consolidation

With NetSuite OneWorld implementation, you can drive seamless experience for operations and financials by bringing down subsidiary restrictions. This extensively engineered global business management solution offers the ability to execute on intercompany business in a configurable, secure, fully automated, real-time process across transactions and reconciliations. Also, it enables an organization to comprehend what is happening across the global business in real-time. Additionally, one can grab a multi-language user-interface to bridge communication barriers as well.

Accounting

NetSuite’s accounting hub functionality helps businesses handle specific transactions within a business entity efficiently. It allows importing information directly via CSV assigning information either at the transaction level or account level to the general ledger. It helps consolidate it as part of the business entity’s overall financial statements without much hassle.

Multi-currency Management

You can make the most of its multi-currency management at a standard NetSuite OneWorld pricing. It supports currencies and exchange rates for more than 100 countries, which enables organizations to do business with both customers and vendors globally. Also, it extends its support for a wide variety of payment options, offers real-time currency conversion, and financial consolidation for all the global operations.

Audit and Compliance Reporting

This inventive global business management solution is orchestrated to support both global standard and country-specific requirements. It delivers always-on audit trail, built in analytics, access logs and workflow, and the ability to drill down to the underlying transaction detail.

Configurable Tax Engine

Considering and recognizing the critical need for businesses to meet local indirect tax obligations, NetSuite OneWorld has extended its support for 100+ countries for taxes and reporting. NetSuite SuiteTax provides a scalable and flexible tax determination, calculation and reporting engine. You can grab support for any tax rule, anywhere in the world. With NetSuite OneWorld, you can manage a complete range of international tax structures and consolidate financial reporting across business units.

On a final note, to gain a competitive advantage and drive substantial business growth, leveraging the core capabilities along with choosing the right partner turns to be an intelligent move. An astute service provider partner can let businesses gain unmatched success, drive higher efficiency, and retain greater productivity in the long run.  

 

To drive global recognition for your business via NetSuite OneWorld, send an email at info@netsuiteexpert.in

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A Sneak Peak into NetSuite ERP Software

 Acclaimed as the world’s most deployed cloud ERP solution, NetSuite ERP systems has driven exceptional business transformation across all the verticals. This cloud-native software solution helps companies, of all sizes, to streamline key processes and scale with greater efficiency. With a robust NetSuite ERP Implementation, one can manage finance, revenue, inventory, order, and more with a simple point-and-click experience.

 Let’s take a look at the salient features of NetSuite ERP

 

·        Financial Management

Whether you pick NetSuite ERP in India or other regions, it allows you to unify financial management and planning with built-in business intelligence.

 Order Management

Extensive features can be availed at premium NetSuite ERP Price, where accelerating the order-to-cash process goes smooth without a hitch.

Production Management

You can take your products to market efficiently with NetSuite ERP Systems offering inventive production management with real-time visibility.

 Supply Chain and Warehouse

This cloud-native solution allows you to execute supply chain management plans as well as end-to-end inventory from a single, collaborative platform.

For more details on NetSuite ERP in India, send an email at info@netsuiteexpert.in

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How Does NetSuite SuiteSuccess Help You Go Live In 100 Days?

 

Major drawbacks associated with ERP implementation include amount of time required in implementation and costs. Most ERP consulting firms focus heavily on delivering fully customized solution to their clients. This requires multiple round of discovery and build which lead to budget overruns and scope creep.  Designed for small and medium sized businesses, NetSuite SuiteSuccess Starter Edition is a strategic response to the aches and pains of lengthy implementations.Built on accumulated knowledge of countless successful ERP implementations, SuiteSuccess accelerates ROI while reducing overall business risk often involved with technology projects. On average, businesses that use this proven framework go live on NetSuite in 100 -140 days.

Top features of NetSuite SuiteSuccess

1.       SuiteSuccess accelerates your organization’s return on investment by providing pre-configured roles for CEO, CFO, Controller, Finance Executive, Administrator &Sales Executive to ensure rapid adoption and quick speed of implementation.

2.       Comes packed with pre-configured KPIs, workflows, reminders, reports and value-driven dashboards, SuiteSuccess can be implemented in phases. With this, you can get key departments such as your Accounting and Warehouse departments up-and-running in no time at all.

3.       NetSuite SuiteSuccess Starter Edition delivers 95+ pre-built reports and pre-configured roles with dashboards and business intelligence metrics developed from real-world use.

4.       With SuiteSuccess, your employees need to work smarter, not harder.A task that used to take an employee’s full day to complete, can now be done in only a few hours.

5.       You can have 55% reduction in time to close, 60% improvement on invoicing and 75% reduction on time spent in creating reports. So, you will have a serious return on investment.

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Drive Manufacturing Excellence with NetSuite Advanced Manufacturing

 As a single, integrated cloud solution, NetSuite Advanced Manufacturing replaces disconnected systems to offer comprehensive functionality, enabling manufacturers of all sizes to reduce operating costs, increase revenue and better manage their business and supply chain processes overall. NetSuite Advanced Manufacturing further ensures that manufacturing processes are connected to financial reports, inventory management and outstanding orders in real-time.

Key Features of NetSuite Advanced Manufacturing

1.       Leveraging Advanced Planning and Scheduling capabilities, NetSuite Advanced Manufacturing ensures that customers effectively plan their shop floor, improve capacity and resource utilization, &culminating in lower operating costs.

2.       With deep industry functionality such as parameterized configuration options by location, configurable work order completion logic, and enhanced data collection, NetSuite enables Discrete/Assembly Manufacturers to run core business operations seamlessly.

3.       Comprehensive Manufacturing Work Bench Record includes: enhanced operations routings, primary and alternate finite planning parameters, labour requirements and detailed work instructions.

4.       NetSuite Advanced Manufacturing includes all the functionality outlined for discrete manufacturing as well as an expanded Manufacturing Work Bench Record Structure to include: alternate assets, co-products, and detailed work instructions for Recipe/Formulation management.

5.       Integrated bar code scanning and wireless tablet functionality is available for real-time Manufacturing Execution System (MES) reporting

NetSuite Advanced Manufacturing Module includes

Work Orders	Assembly Builds	Backflushing
Outsourced Manufacturing	Work Center Management	WIP Tracking
Routing Definition and Labor Costing	Infinite Capacity Scheduling	Gantt View with Drag-and-Drop
Finite Capacity Scheduling	Rough Cut Capacity Planning	Manufacturing Execution
Advanced WO Management & Control	Batch Management & Control

 

 

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Timesheet Management In Netsuite Openair – All You Need To Know

As #1cloud professional services automation (PSA) solution, NetSuite OpenAir helps you in resource management, project management, time and expense tracking, project accounting and advanced billing and invoicing. In this blog, we are discussing Timesheet Management. Since management of timesheet is an important aspect of your business, NetSuite OpenAir makes it easy for users to know what they need to track and where and to automate approvals accordingly. Users can quickly and easily capture detailed timesheets, whether in the office or on the roadusing a web browser, offline client or mobile device. Furthermore, you can map timesheet entry and approvals as per your unique business needs. Advanced time tracking in NetSuite for Professional Services tightly integrates with project management, enabling seamless time tracking by project, phase, task and more.

Key features of Timesheet Management in NetSuite OpenAir

• 1.   You can create timesheets from scratch or save time by duplicating previously entered timesheets.
• 2.       You can filter timesheets based on specific search criteria, or view timesheets by stages.
• 3.     You can also Customize time entry to meet business rules—require notes on time entries, flag time as billable or non-billable.
• 4.       Create timesheet rules, such as minimum or maximum daily values to reduce errors.
• 5.       Specify time types to provide additional granularity in reporting and tracking time.
• 6.       You can easily capture time spent on tasks and projects.
• 7.       You can define user and/or project level approvals for timesheets, including customizable multi-level processes, and generate alerts for overdue timesheets and/or approvals.
• 8.       Reject individual time entries and enable users to self-reject timesheets when needed.
• 9.       Enter time using iPhone or Android devices.

How can we help you?

If you need to discuss more about NetSuite OpenAir, feel free to contact us. We offer NetSuite professional services like licensing, implementation, integration, support & maintenance.

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Netsuite Oneworld – All You Need To Know

Available as an optional module of NetSuite ERP, NetSuite OneWorld enables organizations to manage multiple companies with potentially different currencies, taxation rules and reporting. OneWorld is perfect for enterprises that want to manage multi-subsidiary and multinational operations.It is sold primarily through a NetSuite Solution Provider Partner. NetSuite OneWorld comes with sophisticated accounting/ERP, e-commerce, sales, marketing, and support capabilities and supports regions, subsidiaries and separate legal entities that have the same parent company. NetSuite OneWorld consolidates multiple charts of account and delivers real-time visibility to organizations into their accounting activities.

Top features of NetSuite OneWorld

Global Accounting and Consolidation – With NetSuite OneWorld, businesses get the ability to execute true intercompany business in a configurable, secure, fully automated, accurate, compliant, real-time process across intercompany transactions and reconciliations. Robust financial reporting capabilities ensure that you can easily understand what is happening across the global business in real-time. Multi-language user-interface bridges communication barriers, enabling businesses to run their entire entity structure with ease.

Accounting Hub – This functionality helps you to handle specific transactions within a business entity. Information can be imported directly via CSV assigning information either at the transaction level or account level to the general ledger so that it that can be consolidated as part of the business entity’s overall financial statements.

Multi-Currency Management – OneWorld supports 190+ currencies & exchange rates while providing you with wide variety of payment options. Moreover, it also provides real-time currency conversion and financial consolidation for all your global operations.

Audit and Compliance Reporting – NetSuite OneWorld delivers always-on audit trail, built in analytics, access logs and workflow, and the ability to drill down to support both global standard and country-specific requirements. Access to NetSuite is based on users, roles and permissions.

Configurable Tax Engine - NetSuite OneWorld natively enables you to calculate taxes in real-time on sales and purchase transactions and cross border sales. OneWorld supports 100+ countries for taxes and reporting.

Concluding Remarks

Built to addresses the complex multinational and multi-company needs of organizations, NetSuite OneWorld enables businesses to adjust for currency, taxation and legal compliance differences at the local level, with regional and global business consolidation and roll-up.

To know more about NetSuite Oneworld, send an email at info@netsuiteexpert.in

 

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Why Your Manufacturing Business Needs Cloud ERP Solution?

Enterprise Resource Planning (ERP) software is an absolute to create growth and improvement. In a competitive scenario where manufacturers want enhance efficiency, eliminate waste, increase sales and profitability, Manufacturing ERP enables them to make accurate, informed and strategic decisions.

Top reasons why your manufacturing business needs ERP

1.  Streamlines Business Processes – When you use disparate systems, it create silo’d departments. Warehouse staff might track inventory on spreadsheets while accounting department might be using QuickBooks and manually enter handwritten sales orders from the sales team. Multiple systems can create a chaotic situation for you. With cloud ERP solution like NetSuite Manufacturing Edition, you can bring all your data to cloud. This means that no more double data entries, need to go into multiple software suites to get information, and paying for multiple systems. This centralization will save time and resources and also drives automation for manufacturing organizations.

      Real-time Visibility – Cloud ERP solution provides complete visibility over every aspect of your operation in real time. You don’t have to ask colleagues or walk out in the shop to check in on a job. With Manufacturing ERP, you can see everything from the initial order to shipping which makes life a lot easier for everyone involved.

3.      Strategic Decision Making – Leveraging built-in analytics, Cloud ERP Solutions provides thorough insights and visibility into every department and business process, enabling manufacturers to make informed, spot-on, and faster business decisions. By generating reports on regular intervals, decision makers can capitalize on new opportunities if available.

4.      Supports Production – With Cloud ERP for Manufacturing, you get module to automate the process of having the right materials in the right place and in right amount in order to produce the correct quantities to meet your customer needs. Furthermore, with crucial planning function (Demand Planning), you can analyze actual supply and demand data to prepare accurate and timely production plans.

5.      Reduce Costs – You can eliminate manual, time – consuming processes with automated workflows to reduce the overall operational cost. Ability to track inventory accurately and integrate it efficiently with production planning eliminates excess inventory and warehousing costs.

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Enrich Your Customer Lifecycle with NetSuite CRM

 As a customer relationship manager or company, looking after the entire clientele at a single instance and catering to their key requirements can be troublesome. To impress all the customers and sustain their interest, in the long run, requires substantial efforts to have complete information about their activities as well as business performance.

To address the critical issues of customer relationship management, NetSuite CRM is orchestrated with advanced and inventive capabilities. Enterprises or companies dealing across such fields can make the most of NetSuite CRM software to meet their organizational objectives.

NetSuite CRM Features:

Marketing Automation

With the deployment of this inventive CRM solution, you can create new campaigns and automate the entire campaign process without manual interferences. Also, this helps in real-time tracking of your campaigns and capture leads from different locations. Also, it delivers email marketing capabilities, drill-down reporting, statistics, and unique upselling opportunities.

Real-time Dashboards

With the deployment of an inventively engineered NetSuite CRM system, you can use live analytics dashboards to see accurate data when you need it most. This robust customer relationship management solution or CRM suite enables the employees to analyze quotas against actual sales, customer satisfaction levels, and unique visitors. Moreover, it allows you to pick and choose NetSuite features you want to be visible on the custom employee dashboards.

Innovative Forecasting

Businesses dealing across customer relationships can deliver impressive services by leveraging innovative forecasting offered by NetSuite CRM. Going through the premium NetSuite CRM Pricing can help make a judicious investment as well. It reliably predicts important business insights including revenue projections to high-profile sales quotes.

Unmatched Customer Support

An e-commerce company gains acknowledgment from its customers only. Here, NetSuite CRM offers extensive capabilities to have a complete view of your customer’s history and serve them quickly without much hassle.

 E-commerce Pairing

NetSuite CRM is specifically engineered to tie-in with NetSuite eCommerce tools seamlessly. With such robust pairing, you can monitor every customer record, interaction, and transactions across the entire business.

 Suited for Social

This efficient software suite allows you to interact with your customers organically. It offers you a robust SuiteSocial platform to integrate everything from most widely liked social buttons to calendar synchronizations to improve your customer marketing efforts.

Core Capabilities:

 Partner Relationship Management— NetSuite CRM system assists you in tracking data for your partner on whatever campaign you’re launching with them accurately. Right from order processing to royalty fees, you can have every detail via inventive CRM software tools.

SalesForce Automation— Equipped with SFA, this cloud-native CRM solution helps your sales department track client records with real-time updates. Also, it enables your employees to track hot leads or opportunities as well.

Upsell Opportunities— With the deployment of this effective CRM software suite, you can make the most of your customers’ purchase history, most purchased products, and most liked services. From automated tax to preferred discount rules, you can give customers a glimpse of what it would cost to get that perfect product or service.

On a final note, NetSuite CRM has a multitude of solutions for your business. NetSuite continually offers order management and partner marketing with added perks including quote creation and upselling opportunities for users. NetSuite CRM is highly efficient and amazing for growing businesses and expanding globally.

Build unprecedented customer relationships via NetSuite CRM by sending an email at info@netsuiteexpert.in

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Steer Scalability with Cloud Business Solutions

Enterprises, irrespective of their size and resources, can drive greater scalability and high operational efficiency by leveraging the elemental capabilities of cloud business software  suite. However, there are numerous queries on the requirement of such solutions and if there are advantages of cloud business continuity.

In this article, we will go through the core capabilities of cloud for business and come across the key benefits of deploying such inventive solutions.

 Cloud Computing Business Solutions

·        Web-Based Services

These services allow the businesses to pick different web functions as per the business requirements. Web-based applications integrate with other parts of your business using XML and UDDI open standards.

For instance, one can use web-based services for easy payroll and accounting. These services enable business administrators to choose the assortment of web apps for the business. Also, it offers the capability to select an individual service through multiple providers, and utilizing them along with the existing solution.

SaaS

Software as a Service or commonly known as SaaS is the most commonly used cloud computing solutions to deliver multiple cloud tenants access to a certain application.

NetSuite

With the deployment of NetSuite ERP solution, one can replace their existing business software and gain the capability to integrate all business functions. These may include orders, inventory, logistics, production, HR, and accounting into one integrated platform. This cloud business solution increases operational efficiencies and allows administrators to manage all aspects of the business via a single instance.

Being extensively orchestrated cloud-based software NetSuite allows business organizations to access data about the business from anywhere and at any time. Moreover, cloud business storage offers capabilities that constantly backup software and database to increases reliability, too.

Particularly, NetSuite ERP encompasses all enterprise resource planning (ERP) functionalities together with CRM, e-commerce, services resource planning, and business intelligence to help an organization witness holistic transformation.

NetSuite customizable suite of components help many smaller organizations take advantage of its low entry-cost. Also, business sectors including sales, professional services, healthcare & beauty, wholesale distribution, manufacturing, education, transportation and logistics, and other can pick NetSuite solutions to revive core industry operations.

One of the key benefits of deploying NetSuite is ease of setting-up and deploying this cloud business solution. Once deployed, NetSuite gets functional immediately and drives scalability. Moreover, it offers a range of additional products and modules to increase business functionality.  

IaaS

Infrastructure as a service (IaaS) covers the basic requirement for the cloud and provides access to network functions, virtual machines, dedicated hardware, and storage space as well. These extensive technologies serve as the foundation for the business operations, SaaS and other cloud-based services, too.

Moreover, IaaS providers enable businesses to outsource infrastructure like backup and storage space, and space needed for testing. They offer access to virtual networks, service buses, message queues, and non-relational storage platforms.

PaaS

This inventive solution Platform as a service (PaaS) includes the hardware and operating systems needed to deploy and manage cloud business applications. Particularly, it helps increase business efficiency and go hand-in-hand with IaaS to deliver the platform required for managing the entire IT infrastructure.

Benefits

With the deployment of inventively engineered cloud business solutions, business can witness robust transformation of the entire organizational operations and drive greater scalability. Along with such core advantages, businesses can:

·         Improve both software and hardware performance

·         Steer greater flexibility and affordability

·         Increase uptime and availability

·         Drive seamless integration

·         Collaborate better with real-time sharing

On a conclusive note, leveraging robust capabilities via acclaimed service provider partners can help you gain a competitive advantage, drive substantial business growth, retain greater productivity in the long run.

For Detailed Information, Schedule a Demo

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