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Oracle NetSuite Is A Cloud

Oracle NetSuite is a cloud-based business management platform that has been helping organizations grow, expand, and adapt to changes for over 20 years. It offers a range of cloud applications including financial management, ERP, HR, and communications. NetSuite is highly customizable and adapts easily to changing business needs. It is used by over 40,000 organizations in 199 countries. NetSuite provides real-time data visibility, support for over 190 currencies and 19 languages, and enables effective global and local financial consolidation.

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Salma Mohsen
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0% found this document useful (0 votes)
392 views

Oracle NetSuite Is A Cloud

Oracle NetSuite is a cloud-based business management platform that has been helping organizations grow, expand, and adapt to changes for over 20 years. It offers a range of cloud applications including financial management, ERP, HR, and communications. NetSuite is highly customizable and adapts easily to changing business needs. It is used by over 40,000 organizations in 199 countries. NetSuite provides real-time data visibility, support for over 190 currencies and 19 languages, and enables effective global and local financial consolidation.

Uploaded by

Salma Mohsen
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Oracle NetSuite is a cloud-based business management

platform on a highly intuitive global scale. Most of the


acquisitions from Oracle NetSuite are based on all the
necessary requirements. Oracle NetSuite has been
working for over 20 years to help organizations grow,
expand and adapt to changes. Today, it includes a range
of cloud-based applications, including financial services,
enterprise resource planning, human resource
management, service automation, and multi-channel
communications. Today, the system is used by over
40,000 institutions and branches in 199 countries and
territories. NetSuite is highly customizable and based on
business type, industry, role, and current business
solutions software. However, NetSuite is essentially a
platform. ERP promises fast, accurate, and effective
business decisions to help you save time, earn money,
and manage your daily business tasks. Other products
on the system are additional modules to help the core
ERP framework and deliver precise business intelligence
and automation. NetSuite adapts to the changing nature
of business. When you need to scale up, restructure, or
adopt new approaches, NetSuite responds to these
requirements with ease. It also keeps all customizations,
settings, and more during system updates automatically.
It is also known as the comprehensive, integrated
system of corporate business management. NetSuite
ERP focuses on financial management as a core
component of corporate governance in addition to
organizing a company's business processes, improving
its decision-making process through a real vision of
business information. NetSuite (NYSE:N)-, the industry-
leading provider of financial cloud EPR/, NetSuite
NetSuite today released its Enterprise Resource Planning
(ERP) system Thanks to a new release of NetSuite
OneWorld and Connect to Oracle, SuiteCloud, NetSuite
partners, including IBM Cast Iron, Informatica, Dell
Boomi and Celigo and Pervasive Software. NetSuite
publishes multinational management solutions from
NetSuite OneWorld to ERP system from two levels of
Oracle, It operates subsidiaries and divisions, Promote
global expansion while maintaining investment in
Oracle, The NetSuite cloud solution can be deployed, at
the sub-level, in a short time and at low cost compared
to the corresponding internally deployed ERP system.
Meanwhile, on Company level, can be resolved by
appropriate Oracle integration. The program provides
real-time data visibility and management. The two-tier
ERP model has become an option for companies Like
Qualcomm and Lakes'O Land to accept it quickly, they
need to support rapid global growth and high efficiency,
and there is no scene in the main business operations.
The burden of time and cost to deploy the system.
NetSuite ERP Opener for Oracle is a new version of
NetSuite OneWorld, which provides Oracle enterprise
customers with a modern, cloud-based departmental
management software system complex, multinational
and multiple. At the level, it is integrated into Oracle
through SuiteCloud connectivity for Oracle. Oracle
customers can use OneWorld NetSuite to manage and
handle global businesses on department level in real
time, and collect data to gain insight into business
processes at the enterprise level. A group of global
companies, including IBM: NYSE (Iron Cast IBM) and
NASDAQ: (Informatica) Prior to its implementation,
Celigo, Pervasive Software (NASDAQ: PVSW), Dell
Boomi, and INFA) Independent software developers and
system integrators. OneWorld NetSuite connector to
Oracle .Reports support
Tax ready OneWorld NetSuite offers over 190
currencies, 19 languages and covers 50+ countries can
OneWorld NetSuite effectively achieve financial
consolidation at global and local levels, Which helps
management business front and back offices on a global
scale.
NetSuite OneWorld is the first and only solution that
achieves real-time global corporate management and
financial inclusion With local customization and full
integration with Oracle through cloud
Important new features of OneWorld NetSuite include:
Global Cloud ERP with built-in analysis: The NetSuite
Complete System for Cloud Computing ERP is marked by
built-in analysis Built-in analysis and Role-Based
Dashboards. The dashboard includes KPI, reports,
workflow Triggers and Gloves. Navigate to transaction
details and easily feedback into the enterprise data
warehouse.
Instant integration and visibility: Netsuite offers a real-
time view of each business layer for company,
department, and subsidiary stakeholders through
dashboards and online financial and operational reports
that go from one summary to another
Multicurrency, multi-tax, multi-country information:
Supporting more than 190 currencies, 19 languages and
country-specific accounting standards across North
America, Europe, Asia and Australia/New Zealand,
netsuite enables companies to meet local transaction
allocation with smooth demand.
The customers of NetSuite, such as (Qualcomm),
Qualcomm, Land O 'Lakes and other large organizations,
have proven that the two-tiered ERP structure is not a
future view of netsuite this is a practical and proven
solution. Business Benefit Growth is Measurable. Said
Michael Macrey, Vice president of IT at Land O'Lakes, we
know a decision point when choosing between more
similar or innovative methods. We have managed to
operate our three foreign entities, which are more cost-
effective than traditional enterprise resource planning.
We look forward to expanding our NetSuite in many
strategic areas in the next two years.

SuiteCloud connection to Oracle:


The SuiteCloud connection to the Oracle is a key
element of the two-tier ERP solution to a NetSuite that
delivers data exchange, vision and real time control, and
allows users to use a NetSuite to deliver a general
record of sublevel global financial data, demand and
income information. In addition to the SuiteCloud Oracle
connection, professional NetSuite services and a global
partnership network consolidate expert opinion on all
sides of the oracle. Some important participants are:
Hitpoint is a leading tax and financial consulting firm,
which focuses on providing local tax and financial
management solutions to multinationals in China. As a
long-term partner for NetSuite, Hitpoint is the only
certified distributor for NetSuite in mainland China and
has extensive experience in implementing, developing,
and training on NetSuite products. Learn more about
NetSuite.
Organizations have always struggled to balance the high
costs and complexities of traditional ERP against the
need for customized features and flexibility, all with
meeting business requirements at the same time. See
and learn how Oracle ERP offers connected teams,
consolidated data and real-time insights to help you and
your financial team ensure the best business decisions
are made. With ERP being introduced as a cloud service,
your organization can be ready to cope with and even
exceed change for the future. One of the advantages of
the software as a service model (SaaS) is that the
software is updated with the latest features,
functionality and best practices. Cloud ERP providers
offer updates regularly, often monthly, in the case of
Oracle. This means that the latest emerging
revolutionary technologies such as artificial intelligence,
digital aids, machine learning, blockchain technology,
and Internet of things (IOT) are available to subscribers
at a regular rhythm.
With the advent of these new technologies,
organizations can improve their best business practices
at a rapid pace as ERP programs evolve and can
automate processes that required significant manual
intervention, such as financial reconciliation.
Additionally, users gain a comprehensive, real-time
understanding of the organization's business activities,
not only in the front office, but also in warehouses, on
factory floors and throughout the organization. This
knowledge is readily available to all employees on their
mobile devices, including smartphones and tablets. The
ERP cloud was designed to cope with the digital age, and
currently includes mobile technology, social media,
analysis and emerging technologies. Anything less will
not push the foundation forward.

Functional processes
 Financial management.

 Supplier Management.
 Procurement.

 Managing Orders and Billing.


 Stores Management and Interpolation.

 Administration of revenue recognition.


 Financial planning.

 Human resources management.


 Recurrent revenue management.

Basic features
 Faster processing, from ordering to selling.
 Faster financial closure.

 Improve Decision Making.


 Improve Shared Productivity.

 Reducing the total cost of ownership.

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