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NetSuite Inc., a vendor of on-demand, business-management software for small and mid-sized businesses and divisions of large companies, has released the NetSuite OneWorld Software Company Edition. The offering gives mid-market software companies the ability to run and manage integrated software business processes that span global operations and back-office applications. The new edition includes all of the capabilities of NetSuite OneWorld, enabling multinational companies to run their global operations in real time. It also contains features that are specifically meant to automate processes that are unique to software companies, such as renewals automation, revenue recognition, complex commission management and multi-tier channel management. NetSuite's native software-as-a-service (SaaS) delivery model enables OneWorld elements to be accessed anywhere, simply by opening a Web browser. OneWorld Software Company Edition provides currency, taxation, language, reporting, revenue recognition and dashboard functionality along with real-time subsidiary management and business-consolidation capabilities. It allows for instantaneous global roll-up, visibility and compliance management for front-office, back-office and electronic-commerce applications, the vendor said.
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