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NetSuite gets German audit body OK for software

Sun Jun 28, 2009 3:49pm EDT

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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 (SAPG.DE) or Oracle (ORCL.O) software. (Reporting by Aarthi Sivaraman, editing by Maureen Bavdek)



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