Companies in the modern era must be data-driven, innovative, and able to scale and respond to market dynamics rapidly. Oracle NetSuite ERP, specifically NetSuite OneWorld, is a cloud-based ERP that allows companies to manage multiple subsidiaries, business units, and legal entities from a single NetSuite account. NetSuite’s OneWorld ERP offers targeted solutions for corporate challenges that matter to enterprises of all sizes and has gained significant attention as large organizations work to control costs and improve profitability across key business segments.

Modules in NetSuite OneWorld

A. Global ERP
Global ERP helps manage back-office operations worldwide, supporting multi-currency transactions and projects across subsidiaries. It ensures consistent, compliant management across the entire organization.

B. Global Services Resource Planning (SRP)
Global SRP manages the full lifecycle of service businesses, offering real-time visibility into individual projects from corporate to subsidiary levels across all geographies.

C. Global E-commerce
NetSuite OneWorld enables centralized management of global e-commerce activities, allowing you to oversee multi-brand web stores in various languages and currencies from a single account.

D. Global Business Intelligence
OneWorld delivers real-time visibility into global data, providing unprecedented access to financial, customer, and business insights through consolidated reporting and real-time dashboards.

Features of NetSuite OneWorld

NetSuite OneWorld gives you a world without borders and offers features that establish it as one of the most powerful ERP solutions:

1. Manage Global Companies Using a Single Account
   OneWorld integrates real-time CRM, ERP, and eCommerce data into a single cloud platform, enabling managers to oversee international operations—such as billing, forecasting, sales, payroll, and more—within one account.
   
   

2. Global in Features, Local in Cost
   Oracle NetSuite ERP is highly cost-effective compared to on-premises ERP systems, offering a complete suite for global operations, from ERP and CRM to real-time cross-country transactions.
   
   

3. Business Intelligence Reports from Multiple Entities
   Gain a clear understanding of financial and non-financial performance across regions with powerful financial dashboards and customizable internal processes.
   
   

4. Global B2C and B2B ERP Tools
   From bid management to compliance and financial data consolidation, NetSuite OneWorld is often called the world’s most preferred ERP tool. It works across industries and has won awards for streamlining operations with precision. It also integrates CRM and PSA options to align departments like sales and marketing.
   
   

5. Tax Configuration and Analysis
   OneWorld simplifies international business challenges with multi-currency support and compliance across diverse tax rules. Its integrated auditing system tracks real-time data and keeps transaction documentation up to date, calculating taxes across purchase and cross-border sales.
   
   

6. Simplified Bookkeeping and Accounts Management
   OneWorld supports multi-currency accounting, local payroll, billing, and invoicing. Accounts are automatically adjusted for currency differences, reducing monthly closing time and ensuring accurate reporting.
   
   

7. Managing Multi-National Sales Channels
   The system automates sales force and partner management for global customer and sales teams. NetSuite Team Selling tracks multiple sales participants on transactions and calculates commissions across teams.
   
   

8. SuiteCloud Connect for Oracle and Integration with Other Technologies
   SuiteCloud Connect enables seamless integration of OneWorld data with Oracle E-Business Suite at the corporate level. It supports integration with other ERP systems, consolidating information like journal entries, invoices, and purchase orders.
   
   

It’s often a smart move to work with a NetSuite service provider to maximize the benefits of OneWorld with minimal effort. If you want to go live on time and under budget, Tvarana is a trusted partner with over a decade of experience in OneWorld financial software. Feel free to reach out to us via email for affordable rates or additional financial ERP details.

‍