NetSuite touts cloud-based business management tool

NetSuite has announced the availability of NetSuite OneWorld SRP, an end-to-end cloud business management solution for global services enterprises looking to get a better understanding of their business.

The business software vendor claimed that OneWorld will provide real-time visibility across the whole business, from corporate through to subsidiaries and even down to a project level. The system is aimed at organisations in areas such as legal, accounting and media, or that provide a service or work as a consultancy.

NetSuite argued that the lack of such a system can leave companies struggling to compare the success and profitability of projects in different regions, and unable to determine where best to focus resources and attention.

"Most services businesses today run on software designed before the web existed. NetSuite OneWorld SRP brings services companies into the internet age, and reduces cost while improving productivity," said Zach Nelson, chief executive at NetSuite.

"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."

Features include automated multi-currency management, and built-in support for international tax, compliance and revenue recognition management.