NetSuite, a provider of cloud computing business management software, has announced the availability of NetSuite OneWorld SRP, the first end-to-end cloud business management solution for global services businesses.

NetSuite OneWorld SRP gives global services businesses' comprehensive real-time visibility, integrated financials, resource optimization, and services management from corporate to subsidiaries and on down to the individual project level across geographies, currencies, and tax jurisdictions.

NetSuite OneWorld SRP uses cloud computing to address the issues of global project and financial management. The product’s comprehensive services management functionality makes it ideal for professional services, legal, accounting, business process outsourcing management, and media-agency organizations with international operations.

With its automated multi-currency management, built-in support for international tax, compliance, and sophisticated revenue recognition management, NetSuite OneWorld SRP eliminates arduous manual processes and shortens the period-end close cycle. And because NetSuite OneWorld SRP is a native cloud solution, the software enables global services businesses to unlock these benefits with anytime, anywhere access and minimum capital expenditure, while ensuring fast deployment and lean requirements for ongoing management.

Key Features of NetSuite OneWorld SRP include:

SRP Global Real-Time Visibility: Global dashboards and reports that combine financial and operational project drivers (such as utilization, profitability) for projects, subsidiaries, geographies, and at the corporate level.

SRP Global Resource Management: Enables matching the best resource for the project based on skills, experience, and availability from a global bench, across multiple geographies to deliver the best possible client experience.

SRP Global Financial Management: Accelerates financial close and reduces financial risk through granular, revenue recognition management that utilizes project-based revenue recognition rules, together with automated divisional and corporate financial management and reporting.

SRP Global Time, Expense, and Invoice Management: Improves services productivity and reduces errors across all divisions with a powerful time entry system with "Offline" capability, together with an approval management process that can be tailored by client and project.

Powerful Project Accounting: Easily and efficiently manage and analyze project finances from bid preparation through time and expense tracking to client billing systems and internal charge-backs.

Multi-Currency & Tax Management: Support for multiple currencies and international taxes enabling comprehensive management, billing, and revenue recognition of projects across multiple currencies and tax jurisdictions.

SRP Global Accessibility: 100 percent Web-based, on-demand solution ensuring ease of access from anywhere, enabling services teams on the road to stay connected with offline access via mobile devices enabling them to submit time and expenses and update and monitor project performance.

For more information about NetSuite, please visit www.netsuite.com.