NetSuite introduces features For businesses across Europe

Cloud financials software provider NetSuite Inc. (NYSE: N) has introduced enhancements that deliver deep global financial capabilities designed for Europe-headquartered businesses and multinational companies across the continent, the company said.

These new features highlight faster financial close, more flexible tax compliance tools, new payment options for both B2B and B2C businesses, and better control of audit and compliance to meet local statutory requirements.

NetSuite OneWorld, already in use by more than 3,000 Europe-headquartered companies, subsidiaries and legal entities, and deployed in over 160 countries around the world, provides a unified and cloud-based suite of software that is flexible enough to meet the needs of diverse business models, legal structures and geographies while enabling unprecedented efficiency, consistency and visibility across their global operations.

NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and customer transactions in more than 200 countries. NetSuite OneWorld offers businesses in Europe the leading cloud ERP system with robust global financial functionality on a single system on which they can build their business now and into the future, managing vendors and reaching customers wherever they may be in the world.

NetSuite provides a suite of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software that runs the business of more than 30,000 companies, organisations, and subsidiaries in more than 100 countries.