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Home  >  Guides to grow your business  >  WorldFirst How-To-Guides

Improve productivity with WorldFirst and NetSuite

 

Save yourself time, admin and hassle by connecting NetSuite to your World Account today.

 

 

At WorldFirst, our goal is to make it easy to do business anywhere. We’ve long supported Xero to help our customers make bookkeeping a breeze. But we’re excited to announce that you can now also connect your World Account to NetSuite.

 

What’s NetSuite?

If you’ve not come across NetSuite yet, it’s basically a business management platform. It consists of a number of apps that help you across e-commerce, finance, supply chain, human resources and more. It gives businesses the tools they need to run their business more efficiently and with crucial insights to nurture growth.

 

9 ways NetSuite can help your business

When it comes to using NetSuite, the list of benefits is long. Which is why we knew it was so important to enable you to connect it to your World Account. Here are nine ways NetSuite helps your business to be more efficient, streamlined and informed.

 

#1 Global operations support
For businesses operating internationally, NetSuite offers support for multiple currencies, languages and compliance requirements. This helps in managing global operations seamlessly.

 

#2 Enhanced financial management
NetSuite’s robust financial management capabilities aid in managing finances, improving accuracy in accounting practices, facilitating financial planning and ensuring regulatory compliance.

 

#3 Supply chain and inventory management
NetSuite assists in managing inventory levels, optimising supply chain operations and improving demand forecasting. This results in reduced costs, efficient inventory management and enhanced order fulfillment.

 

#4 Integrated business processes
NetSuite integrates various critical business functions like accounting, financial management, CRM, inventory, e-commerce, HR and more into a single platform. This integration allows for streamlined operations and improved collaboration across departments.

 

#5 Scalability
NetSuite is scalable, making it suitable for businesses of varying sizes – from small and mid-sized enterprises to large corporations. It can accommodate growth in terms of users, transactions and functionalities.

 

#6 Real-time visibility and reporting
NetSuite provides real-time analytics and reporting, offering a consolidated view of business operations. This visibility enables informed decision-making based on accurate, up-to-date data.

 

#7 Customisation and flexibility
Users appreciate NetSuite’s flexibility, which allows for customisation without extensive coding or IT expertise. This flexibility enables businesses to adapt the system to suit their specific workflows and processes.

 

#8 Customer Relationship Management (CRM)
The CRM features of NetSuite enable businesses to manage customer interactions, track leads, analyse customer data and provide better customer service, leading to improved customer relationships.

 

#9 Cloud-based accessibility and security
Being a cloud-based solution, NetSuite offers easy accessibility from anywhere with an internet connection, enabling remote work and collaboration. Additionally, it prioritises security measures to protect sensitive business data.

Open a World Account for free
  • Open 15+ local currency accounts and get paid like a local
  • Pay suppliers, partners and staff worldwide in 100+ currencies
  • Collect payments for free from 130+ marketplaces and payment gateways, including Amazon, Etsy, PayPal and Shopify
  • Take control of spending with the World Card, a business expense card that saves you more with 1% cashback. Learn more
  • Save with competitive exchange rates on currency conversions and transfers
  • Lock in exchange rates for up to 24 months for cash flow certainty

Connect NetSuite to your World Account to make accounting even easier

When you connect your two accounts you’ll benefit from:

 
Better bookkeeping

Get fast and accurate records of international transactions for tax and budgeting. Plus, seamlessly share information with your accountant or bookkeeper.

 
Accurate data, guaranteed

No more manual data entry and chances of errors. NetSuite integration means you can count on your records being accurate.

 
More time and less work

All your bank transactions are automatically pulled in, so there’s no need to upload CSV files, saving you time and hassle. Plus, send invoices and create expense claims at the click of a button.

 
Find out how to connect your World Account and NetSuite account here.

Don’t have a World Account yet? Now’s the moment to open one. The World Account is a business account designed for trading in multiple countries. It allows you to open 10+ local currency accounts and connect to 100+ leading marketplaces and online payment gateways, including Amazon, Shopify and PayPal. Plus, you’ll be able to manage all your sales income from different sites and marketplaces – and in multiple different currencies – in one place, in a cost-effective and efficient way. The best part? It’s completely free to open an account, and there are no ongoing account management fees, too.

Create your World Account today.

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Businesses trust WorldFirst
  • Almost 1,000,000 businesses have sent USD$300B around the world with WorldFirst and its partner brands since 2004
  • Your money is safeguarded with leading financial institutions

Stream A

Death, taxes and expanding to the U.S.

This session will cover the basics of what your key tax obligations are and answer questions

such as:

  • What are the biggest mistakes businesses make when expanding to the US (from a tax perspective)?
  • How to avoid penalties: what happens if you don’t comply? How to stay ahead of changing regulations?
  • How to keep tax compliance from being a bottleneck?
  • What resources or tools can businesses use to manage tax compliance without an in-house expert?
  • At what stage should businesses invest in tax automation software?
  • How can automation help prevent tax errors?