NetSuite improves global ERP and payroll operations

November 15, 2015
Posted in Intacct
November 15, 2015 TM Group

NetSuite improves global ERP and payroll operations

New NetSuite payroll solutions help manage a global workforce.

There has been a lot of recent news about NetSuite software’s ability to integrate omnichannel enterprises. The Sydney Morning Herald reported how sports apparel retailer Billabong implemented NetSuite solutions to coordinate orders coming in from multiple brick-and-mortar stores and eCommerce customers. Meanwhile, a NetSuite press release detailed how a New Zealand beauty product manufacturer turned to the technology to streamline multichannel distribution processes involving third-party warehouses, manufacturing plants and delivery managers.

NetSuite is the perfect solution for companies that want an omnichannel commerce platform to create and track orders utilizing data from multiple sources. The software’s ability to streamline information is also helpful for internal back-office operations. Recently, the company has taken steps to update its payroll processes.

New payroll solutions
NetSuite is one of the world’s leading cloud-deployed financial platforms. Accounting Technology detailed how the company partnered with Celergo, an international payroll management company, to provide new solutions for businesses looking to expand their operations.

The NetSuite SuiteCloud Development Platform has built the Celergo Global Payroll SuiteApp. The new app reinforces NetSuite’s commitment to facilitating global operations as companies grow into different territories.

“Celergo is an ideal complement to NetSuite for companies that are expanding globally or need to simplify their international operations,” NetSuite Vice President of Human Capital Management Products Joseph Fung told Accounting Technology.

The joint software solution allows companies to manage complex payroll processes. It combines multiple global employee records into a single system. The software offers tools for global compliance that integrate tax processes and payment standardization. Companies that utilize the Celergo Global Payroll SuiteApp will be ready to handle employee financial procedures in more than 150 countries.

An integrated financial platform
NetSuite financial features provide functionality to satisfy managers and employees. Find Accounting Software detailed how NetSuite solutions save resources on in-house payroll procedures and give necessary stakeholders complete control. The software tracks all relevant government forms, sets up federal withholdings, manages company contributions and allows employees to establish direct deposit procedures and plan their benefits.

Managers who use the tools can capture procedures in a general ledger to compare employee payments to overall company finances. Supervisors and human resource managers can make quick changes accommodating sick days or paid time-off. Businesses can budget manpower for projects based on job costs and allocated payment capital. The new global focus helps companies automatically process requirements of different countries.

A NetSuite customer case study demonstrated how a company used the financial platform to balance costs with daily procedures on a global scale. LexisNexis Legal & Professional is an enterprise information provider that has over 10,000 employees worldwide. A branch of the company, LexisNexis Pacific, implemented NetSuite solutions to integrate its existing finance, marketing and accounting systems. The solution provided real-time customer data and efficient back-office processes.

LexisNexis Pacific had a problem managing its projects, time and staffing levels. The new platform provides better insight into regular financial allocations to coordinate employees with contractors. Improved omnichannel customer data allows the company to plan projects and pay staff for their contributions to company success. Any business that wants complete visibility of operations should contact an ERP consultant about what new NetSuite features are available.

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