Oracle partner NetSuite has introduced the NetSuite Two-Tier enterprise resource planning (ERP) cloud-based software application, which enables corporate subsidiaries to run a smaller-scale application that can run in conjunction with the Oracle ERP platform at the corporate parent’s headquarters.
NetSuite announced Two-Tier ERP for Oracle at the Oracle OpenWorld conference held from 30 September to 4 October in San Francisco.
Two-Tier ERP for Oracle is part of the NetSuite OneWorld ERP suite and also includes SuiteCloud Connectors to Oracle that are delivered by a number of independent software vendors (ISVs) and system integrators (SIs), such as IBM Cast Iron, Informatica, Dell Boomi, Pervasive Software and Celigo, NetSuite officials said.
Two-Tier ERP helps manage divisions within large multinational corporations that also have multiple subsidiaries.
NetSuite said that the cloud-based Two-Tier ERP product can be deployed quickly and more easily than an on-premise solution deployed at each subsidiary.
Features of OneWorld include embedded analytics with dashboard-like monitoring and the ability to drill down to see specific transactions and feed into corporate data warehouses.
The platform also enables users to gather real-time information about the operations and financials of the subsidiaries or divisions. To work effectively with global organisations, OneWorld supports more than 190 currencies, 19 languages and various country-specific accounting standards.
The NetSuite news made at Oracle OpenWorld follows another announcement at a NetSuite users conference in May in San Mateo, California, where the company introduced SuiteCommerce, a platform that provides the development and transactional tools to enable users to build commerce applications that run on websites, mobile devices, in social media and at in-store point-of-sale displays.
How well do you know Apple? Take our quiz.
Originally published on eWeek.
Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU…
Hate speech non-profit that defeated Elon Musk's lawsuit, warns X's Community Notes is failing to…
Good luck. Russia demands Google pay a fine worth more than the world's total GDP,…
Google Cloud signs up Spotify, Paramount Global as early customers of its first ARM-based cloud…
Facebook parent Meta warns of 'significant acceleration' in expenditures on AI infrastructure as revenue, profits…
Microsoft says Azure cloud revenues up 33 percent for September quarter as capital expenditures surge…