What is NetSuite OneWorld : Features, Benefits and Pricing Explained

NetSuite OneWorld is the NetSuite solution used for global organizations. It allows businesses to manage all their entities, regardless of location, in one centralized platform. NetSuite OneWorld supports accounting practices, tax and legal compliance from different countries around the world.

Everything you already know about NetSuite is the same for NetSuite OneWorld plus the additional benefit of being able to use all that functionality globally across all entities.

What is NetSuite OneWorld

Let’s take a look at some of the benefits and features of NetSuite OneWorld in relation to specific business areas.

What is NetSuite OneWorld for CRM?

Customers can be set up in one or many of your legal entities. No need to create separate customer accounts as they begin to transact with other subsidiaries. You can choose to report receivables from a consolidated level or break it down to individual legal entities as you see fit.

​Learn more about the full breadth of NetSuite’s CRM offering here.

What is NetSuite OneWorld for ERP?

As with customers, you can set Suppliers up to transact in one or more of your legal entities.

You can transact with suppliers in multiple currencies and, if using the Electronic Bank Payments module, can pay into multiple different bank accounts per supplier record.

All NetSuite reporting in OneWorld allows you to segment your data between subsidiaries, locations or any other classifications. This applies to your purchase data and supply chain metrics too.

How does NetSuite OneWorld work for Tax Accounting and Management?

Each of your subsidiaries is associated with a Tax Nexus. The nexus is the tax jurisdiction. Subsidiaries can be associated with more than one nexus if they operate in more than one country.

Tax Groups can be set up to manage taxes to all jurisdictions relevant to a given transaction. Tax Periods can be set up separately to the Accounting Periods and using the International Tax Reports module periodic tax submissions can be assisted and even integrated with the authorities platform.

How does NetSuite OneWorld work for global accounting?

NetSuite OneWorld’s finance framework can be used globally or from one centralized back office.

The same instance can be used for accessing all entities regardless of their country of operation. NetSuite OneWorld supports multi language and multi currency operations and has real time consolidation for entities using different base currencies. All financial reporting can be provided at both a group level and individual subsidiaries and intercompany transactions are accounted for as standard along with eliminations and exchange rate variances.

How does NetSuite OneWorld work for inventory management?

OneWorld supports the management of multiple locations across countries and entities. Inventory trends and metrics for the entire company can be monitored from simple cross group reporting and intercompany transfers, with the correct accounting treatment, can be made to optimize stock levels.

NetSuite OneWorld for global business intelligence

Using NetSuite OneWorld to manage the accounting and operations of a whole suite of global subsidiaries gives unrivalled data analysis opportunities. NetSuite is already a phenomenal system when it comes to analytics so being able to merge reporting for the group can give insights that will translate to improvements in efficiency, process management, stock management, system use and so much more. Understand and compare sales and purchase trends across the group. View comparative performance metrics in real time. There are even standard comparative financial statements.

These are just some of the areas of NetSuite that are enhanced by the use of OneWorld. If you are a global organization then NetSuite OneWorld provides major benefits and will streamline many processes that are going to be manual in other systems. If you are growing from a single entity organization to a group across multiple countries then you can add OneWorld to your current instance but normally this is a decision that would be made when implementing a new system.

If you are interested in a NetSuite OneWorld system you are best off speaking to NetSuite directly or if you have a NetSuite partner then raise it with them. You can access the Oracle NetSuite PDF guide to OneWorld at the following link –

NetSuite OneWorld PDF

NetSuite OneWorld Pricing

NetSuite are not fond of publishing their exact prices so I do try to respect that whilst still providing you as much useful information as possible.

NetSuite OneWorld is not a complete package. It’s an extension to your base license and is not going to be the bulk of your cost. Unless you have 50 subsidiaries all in different countries, OneWorld is not going to be the largest part of your NetSuite license and the cost therefore shouldn’t be too much of a factor when considering a new system.

To Enable NetSuite OneWorld you first pay an initial product cost that is in the region of a couple of thousand dollars a month. This gives you all the functionality of OneWorld and allows ONE additional country/currency combination for subsidiaries. Further country/currency combinations are purchased as required for about half the price per month as the main OneWorld package.

This is best understood with an example. See the table below for a number of scenarios and how they are treated in the OneWorld pricing model.

Current StructureAdditionOneWorld requirement
Parent Company –
(Country / Currency) US / USD
Additional Company –
No new country / currency combinations therefore no OneWorld licenses are required.
Parent Company –
Additional Companies –
Although the South African entity is operating in USD there is a new country / currency combination therefore OneWorld licenses are required.
Parent Company –
Additional Company –
Both new entities are in the UK but since they have different base currencies these are treated as TWO new country / currency combinations and multiple OneWorld licenses are required.

Specific pricing can be provided by your NetSuite account manager or solution partner.

If you are soon to be undergoing a NetSuite OneWorld implementation, check out our Limitations of NetSuite article that will point out some of the common errors made during implementation.

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