NEW YORK, June 28 (Reuters) - NetSuite Inc said on Sunday it has received certification from a member of a German auditing body for its on-demand business management software, which can now be used by companies in Germany.
NetSuite said it got the certification for its NetSuite OneWorld from a member of the German Institute of Auditors, whose members include certified accountants and certified auditors.
Under the certification are components such as a flexible tax engine, audit trail and certain role-based functions that deal with key business data.
The action validates OneWorld's use in German regional units of global companies and those headquartered in Germany, the company said in an e-mailed statement.
OneWorld helps companies and their units operate in a single database environment, and helps with functions such as currency, taxation and languages.
A bulk of the world's large companies typically use either SAP AG or Oracle software.
(Reporting by Aarthi Sivaraman, editing by Maureen Bavdek)
((aarthi.sivaraman@thomsonreuters.com; +1 646 223 6191; Reuters Messaging: aarthi.sivaraman.reuters.com@reuters.net)) Keywords: NETSUITE/GERMANY (See http://blogs.reuters.com/category/themes/shop-talk/ for SHOP TALK -- Reuters' retail and consumer blog) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
NetSuite said it got the certification for its NetSuite OneWorld from a member of the German Institute of Auditors, whose members include certified accountants and certified auditors.
Under the certification are components such as a flexible tax engine, audit trail and certain role-based functions that deal with key business data.
The action validates OneWorld's use in German regional units of global companies and those headquartered in Germany, the company said in an e-mailed statement.
OneWorld helps companies and their units operate in a single database environment, and helps with functions such as currency, taxation and languages.
A bulk of the world's large companies typically use either SAP AG or Oracle software.
(Reporting by Aarthi Sivaraman, editing by Maureen Bavdek)
((aarthi.sivaraman@thomsonreuters.com; +1 646 223 6191; Reuters Messaging: aarthi.sivaraman.reuters.com@reuters.net)) Keywords: NETSUITE/GERMANY (See http://blogs.reuters.com/category/themes/shop-talk/ for SHOP TALK -- Reuters' retail and consumer blog) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.