To succeed in the company’s international growth is a demanding task. The challenge is to maintain the same level of focus towards your core business, whilst at the same time make sure your business model is tweaked to fit new local market specifics. For many businesses that have successfully conquered new markets abroad, cloud technologies have provided a way to get up to speed rapidly, enabling them to focus their efforts on taking advantage of the new opportunities that international economies offer.
It is crucial to have the foresight to invest in a business platform that is built for international business, when getting started or even before your company starts a first local subsidiary. You can then build a solution for financial administration that can be easily copied when starting up next business. NetSuite, an international cloud based solution, is prepared for a scenario that there is a central set up and local international subsidiaries.
NetSuite business platform will streamline multiple expense management systems, manage high-volume financial reporting processes and improve profit margins by addressing operational inefficiencies. With NetSuite you can scale and be competitive in the market.
NetSuite key features for international companies:
- Indirect tax compliance
- Financial & accounting regulations
- Configurable tax engine
- Comprehensive currency management
- Audit and compliance reporting
- Payment processing
- Comprehensive language management