CRM Software

NetSuite (News - Alert), a provider of cloud-based ERP software offerings, haslaunched a cloud-based ERP suite for the Philippine market, OneWorld PH.

The new OneWorld PH, NetSuite officials say, is “a localized 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 localized 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.”

The OneWorld PH, according to a description by NetSuite officials, “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.

A couple weeks ago TMC (News - Alert) reported that NetSuite, which sells cloud-based financials / ERP software suites, announced that The Chefs Toolbox has implemented the NetSuite OneWorld solution to run its international cookware sales and distribution business in Australia, New Zealand, and the United States.

Choosing NetSuite OneWorld saves The Chefs Toolbox “hundreds of thousands of dollars,” according to NetSuite officials, “including reduced accounting hours and consulting fees, as well as eliminating the costs and IT overhead of maintaining expensive enterprise servers.”

The Chefs Toolbox relies on NetSuite for accounting and ERP, inventory, CRM, reporting, analytics, and integration with key production applications.

The Chefs Toolbox was founded in Australia in 2003 with the mission of "inspiring cooking in every home." The company migrated to Microsoft (News - Alert) Dynamics GP, but “after one year of intense investment and effort, the project was abandoned.

The system was cumbersome, expensive, and opaque. Reporting was virtually unavailable and a permanent solution would have required another six-figure investment,” according to NetSuite officials, who pass up chances to knee Microsoft in the groin the way Lindsay Lohan passes up free drinks.