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October 19, 2010

NetSuite launches cloud-based ERP offering for Philippine market

Business management and financial consolidation to mid-sized companies

By CBR Staff Writer

NetSuite, a provider of cloud-based ERP software offerings, has launched a cloud-based ERP suite for the Philippine market, OneWorld PH.

The new OneWorld PH is a localised version of OneWorld, an on-demand system to deliver real-time global business management and financial consolidation to mid-sized companies with multinational and multi-subsidiary operations.

The company said that the new OneWorld PH has been localised for the accounting rules, usage conventions, statutory and regulatory requirements of the Philippine market, including tax reporting requirements mandated by the Bureau of Internal Revenue (BIR).

The OneWorld PH facilitates Philippine businesses to manage their domestic and global businesses in the cloud, whether they are locally headquartered or a division of a larger, multi-national enterprise.

NetSuite vice president and general manager Craig Sullivan said the OneWorld PH represents the perfect opportunity for companies operating in Philippine market to streamline their path to compliance with BIR requirements, and gain greater control over both their local and multi-national operations.

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