NetSuite is one of the world’s leading business management systems for financial, inventory and content management, CRM, production management and in fact providing comprehensive enterprise features in terms of information technology (ERP system). In July 2016, NetSuite was acquired by Oracle for USD 9.3 bln. And this year, NetSuite has been named “Contender” by Forrester in its prestigious evaluation report, right behind Strong Performers such as SAP and SugarCRM.
NetSuite stands out from competitors with its easy scalability and anytime, anywhere availability as a 100% cloud solution, clear pricing policy (you only pay for what you use) and intuitive environment. The only flaw of NetSuite system for Czech and Slovak enterprises was the missing support for national legislation, tax laws and integration to tools that facilitate business in the Czech Republic and Slovakia.
An alternative for expanding firms with an international reach
“If you are an expanding Czech firm with an ambition to succeed abroad, set up foreign offices, attract foreign customers, prepare accounts under foreign laws, and generally succeed in a foreign market, you have to be ready for it – and in terms of IT, too. Your possibilities will be limited to those few systems that support compliance with Czech law while allowing you to integrate to other countries easily. Such systems include MS Dynamics Navision or SAP. With the localisation packages that we have developed for the Czech Republic and Slovakia, NetSuite has become another alternative for self-confident Czech firms that wish to expand and succeed abroad,” says Tomáš Janeček, Managing Partner of RSM Technology CZ.
Czech localisation package for NetSuite
The localisation package ensures full compliance of your reporting with Czech and Slovak accounting legislation as if you used a Czech accounting software (such as Pohoda and Money S3). But in addition to this, your financials are integrated with all enterprise sources and processes.
The localisation package provides the following features. You can use all of them or only those you need:
- Advanced payment processing for the Czech Republic
- ARES – Integration to Czech official registers
- Automatic upload of current exchange rates from the Czech National Bank
- Vendor check – Integration to Credit check – information on unreliable payers
- Templates for invoices under Czech law
- Templates for invoices under Slovak law
- Templates include all standard documents – outgoing invoice, incoming invoice, credit note / complaint, advance payment invoice
- Document numbering under Czech law
- VAT return and automatically generated VAT control statement
How to teach NetSuite to speak Czech/Slovak
NetSuite’s scalability makes the installation very fast as the packages are available as applications on Suiteapp.com. Please contact us for more information and product configuration that suits your needs.
|Package for CZ||Package for SK|