NetSuite supports over 190 currencies and exchange rates as well as a variety of payment options, enabling you to conduct business globally with customers and suppliers. Real-time currency conversion and financial consolidation support global operations. International companies benefit from comprehensive insights by converting currencies and consolidating financial reports across business units.

NetSuite is available in 27 languages, including Chinese, Japanese, French, German, and many more. NetSuite’s multilingual user interface helps overcome communication barriers and offers a flexible hierarchy that enables companies to effortlessly manage their entire organizational structure.

NetSuite automates and optimizes every aspect of invoicing, payment processing, and accounts receivable management. This enables you to increase liquidity to finance growth, shorten the order-to-cash cycle, improve service standards, and seize new investment opportunities as soon as they arise.

NetSuite’s Multi-Book Accounting enables the use of multiple ledgers to accommodate differences in accounting and financial reporting requirements at local, regional, and centralized levels. Since individual transactions can be recorded simultaneously in multiple books, they are correctly captured according to all relevant accounting standards.

OneWorld automatically posts every transaction at both the local and central levels, simplifying the process of creating consolidated financial reports. NetSuite’s unified platform and multi-entity capabilities support a standardized general ledger structure at the corporate or group level, while regional business units or subsidiaries have the flexibility to create individual chart of accounts. Transactions recorded locally are automatically mapped and posted to the parent account in the correct currency and at the appropriate exchange rate.

NetSuite’s customizable tax engine, SuiteTax, offers a global tax management system that automates the entire tax compliance process, saves time, reduces errors, and minimizes costs. With preconfigured tax codes and localized reports for more than 110 countries, NetSuite enables detailed real-time analysis of financial transactions down to individual tax lines. Taxes are calculated in real time for sales and purchase transactions, including cross-border sales, ensuring compliance with Intrastat reporting requirements between EU countries. The ability to file reports electronically eliminates the need for standalone tax software for many companies.

NetSuite’s Governance, Risk, and Compliance (GRC) solutions support adherence to international IT and security standards. A continuously active audit trail, integrated analytics, access logs, and automated workflows simplify the documentation and reporting of systems, resources, risks, and controls. NetSuite facilitates compliance with regulations such as Sarbanes-Oxley (SOX) and similar requirements by promoting standardization and unified reporting across the entire enterprise. Detailed insights, from summary reports to the underlying transaction details, ensure transparency and ongoing compliance with local legal and regulatory requirements.