There is a trend in shifting from client-server architecture to cloud computing. Thus, delivering business solutions into the cloud computing infrastructure is becoming relevant and significant. In Philippines, a new enterprise technology is being introduced as NetSuite launches the first cloud ERP suite for the local market – the NetSuite OneWorld PH.
Taking the advantages of the cloud, NetSuite OneWorld PH offers a first of its kind on-demand system that delivers real-time global business management and financial consolidation to mid-sized companies with multinational and multi-subsidiary operations. As a fully localized version of the NetSuite OneWorld, the enterprise application has been fully localized for the accounting rules, usage conventions, statutory and regulatory requirements of the Philippine market. It simplifies the complex tax reporting requirements mandated by the Bureau of Internal Revenue.
NetSuite has long been the industry leader in cloud-based computing solutions in managing key business processes from financial consolidation to enterprise resource planning to customer relations management and e-commerce with unparalleled flexibility, ease of use and cost-efficiency. NetSuite has already established a good reputation among some of the Philippine’s leading companies such as Jollibee Foods Corporation, ABS-CBN and Antech, makers of Dr. Edwards Water.
When Jollibee expanded outside the Philippines specifically Vietnam, the local company selected NetSuite as the latter provides all the capabilities needed to run an international operation. Meanwhile, Institute of Culinary Arts and Food Service at Far Eastern University along with Pancake House Group’s joint venture, manage its operational needs including school requirements through NetSuite that avoids them in purchasing costly enterprise servers and in incurring several hires.
Backed up by busting the common myths of cloud computing, Zach Nelson, CEO of NetSuite, himself showcased the company’s cloud-based ERP software suite last October 14, 2010 at The Peninsula Manila as part of their Business Cloud Tour. He even shared to the technology specialists of the country the collaboration with Philippine universities like De La Salle University which brings course offerings to the Accountancy students.
During the said launching event, a demonstration was held to show some of the features and functionalities of NetSuite OneWorld PH. It supports country- and local-specific tax codes, greater control of foreign currency amortization and revaluation, language support, an advanced ease-of-use user interface and integration of Google Apps. Shown below is an example screenshot of NetSuite’s patent-pending “real-time dashboard”.
NetSuite OneWorld PH will be available beginning November 15, 2010 at no additional charge.
NetSuite, the NetSuite logo and the Software Hairball video are registered service marks and content of NetSuite Inc.
