NetSuite Unveils End-to-End Cloud Business Management Suite
According to its Tuesday announcement, NetSuite OneWorld SRP gives global services businesses comprehensive real-time visibility, integrated financials, resource optimization and services management from corporate, to subsidiaries, down to the individual project level across geographies, currencies, and tax jurisdictions.
"Most services businesses today run on software designed before the World Wide Web existed," NetSuite chief executive officer Zach Nelson said in a statement. "NetSuite OneWorld SRP brings services companies into the Internet Age, and in so doing massively reduces cost while improving productivity. Instead of waiting three months to find out what happened yesterday with a given project or subsidiary entity, with NetSuite OneWorld SRP services-based businesses can finally manage their operation in real-time."
Global services businesses have lacked the integrated business management tools necessary to truly manage corporate performance on a global basis, according to NetSuite, until now. Services-based businesses face an array of complex and volatile business dynamics such as widely fluctuating local resource demand, global pricing pressure, and complex, locally negotiated service delivery contracts. In this context, making bad decisions can significantly impact profitability, cash flow and customer satisfaction.
NetSuite OneWorld SRP uses cloud computing to address the issues of global project and financial management. Its comprehensive services management functionality makes it ideal for professional services, legal, accounting, business process outsourcing management and media-agency organizations with international operations.
NetSuite OneWorld SRP features automated multi-currency management, built-in support for international tax, compliance and sophisticated revenue recognition management, eliminating arduous manual processes and shortens the period-end close cycle. And being a native cloud solution, NetSuite OneWorld SRP lets global services businesses unlock these benefits with anytime, anywhere access and minimum capital expenditure, while ensuring fast deployment, and lean requirements for ongoing management.
