NetSuite Localization Solutions

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For years, small and medium-sized enterprises have faced a difficult choice in China: they choose a mature, but lack of financial functions in line with China's accounting standards of the international ERP system, or they deploy locally developed systems, such as UF and Kingdee, but functionally limited and system flexibility is good?!

But now, the domestic SMEs can consider another option, not only enable them to enjoy a full integration of business functions of the ERP system, can also directly generate full compliance with the Chinese accounting standards of financial reporting.

This solution is an ERP solution based on cloud computing technology, called "Software as a service". Cloud ERP is to provide software as a service, such as NetSuite ERP system, more easily customized localization services than traditional system platforms such as SAP, Oracle, or smaller local provider UF and Kingdee software. In many cases, cloud ERP users do not even need to be able to customize their user interface with the help of an EPR professional advisor.

These cloud ERP customization solutions address the local financial reporting needs of China's ERP users, rather than relying on "UF" into financial statements, and now on the market, foreign companies like NetSuite have supported direct cloud ERP solutions in China, generating financial statements that fully conform to localized Chinese accounting standards. Because all solutions based on the cloud ERP platform are easily customizable and continuously optimized, China's accounting standards localization solution can be implemented and continuously improved by ERP providers, such as NetSuite domestic partners "Trigger Networks (Trig)" For the needs of domestic enterprise users.

There have been several years of localization solutions for ERP financial systems developed internationally, but these solutions require third-party consolidation of local resources to develop applications that require local servers, software upgrades, and regular security maintenance.

And like NetSuite ERP can be embedded directly into the cloud ERP system, to provide financial localization solutions, for China's small and medium-sized enterprises have the following advantages:

1. ERP users no longer need to maintain two systems, eliminating the risk of inconsistent data, so that the system's operation process is faster and more convenient.

2. compared to third-party integration, Cloud ERP system solution upgrades and new feature upgrades can be added faster to the cloud ERP financial localization solution.

3. ERP users do not have to purchase servers or make other investments (such as security measures, computer rooms, etc.) in order to meet the requirements of the server environment.

The Cloud EPR localization solution is just one example of a "cloud platform" solution for domestic SMEs, and the ERP solution based on "cloud platform" enables enterprises to securely store information in one data center. Due to economies of scale, cloud-based ERP solutions, such as NetSuite's ERP system, allow users to reduce costs through shared computing resources and infrastructure, while continuously improving the back-end cloud ERP solution enables companies to enjoy regular updates and introduce new features with minimal daily operations.

For these reasons, for SMEs around the world, cloud ERP solutions have become a source of competitive advantage for enterprises.

NetSuite Localization Solutions