NetSuite launches OneWorld 2011
NetSuite has revealed the newest version of its global services business-focused NetSuite OneWorld product, which includes:
- increased global financial consolidation capabilities
- 40 formatted tax compliance reports, up from seven last year
- expanded support for international taxation and audit reporting
- advanced inventory costing capabilities
- A fixed assets module and for wholesalers and manufacturers
As with earlier releases, OneWorld 2011 is pitched at companies operating multiple subsidiaries with multiple tax jurisdictions and often running two-tier enterprise resource planning systems.
Accounting modules can now be locked on a subsidiary-by-subsidiary basis, which NetSuite argues improves controls and accountability during monthly and annual closing. Customers can also use a new feature to slice and dice data within the system, rather than off-loading it to an Excel spreadsheet.
NetSuite is also boosting its security capabilities through a new partnership with CA Technologies. Under the agreement, CA's two-factor authentication technology will be applied on NetSuite's back-end systems and sold as an option to customers.
Mini Peiris, Vice President of Product Marketing, NetSuite, commented: "Powering our two-factor authentication with CA Arcot WebFort demonstrates NetSuite's commitment to bringing enterprise-class security to businesses of every size."
Netsuite earlier this week came out tops in the Enterprise Accounting category at the Software Satisfaction Awards.