NetSuite has released NetSuite 2007.0 as its base service with NetSuite, NetSuite Small Business, NetSuite CRM, NetSuite CRM+, SuiteFlex, NetERP and NetCommerce as other integratable services.

In April 2008 NetSuite introduced OneWorld, the first and only on-demand system to deliver global business management and financial consolidation capabilities to mid-market companies. With NetSuite OneWorld, multi-national organizations can manage companies with multiple subsidiaries, business units and legal entities from a single NetSuite account, seamlessly handling different currencies, taxation rules, and reporting requirements.

Individual users at the local level get an application in their language and can transact in the local currency with local taxes and financial compliance fully enforced.

NetSuite is an application covering business functions such as CRM, ERP, ecommerce, customer support, accounting, sales force automation, partner relationship management, inventory management, and marketing automation. Each of these also includes groups calendaring and tasking functions.

In software engineering, a Web application is an application that is accessed via Web browser over a network such as the Internet or an intranet. It is also a computer software application that is coded in a browser-supported language (such as HTML, JavaScript, Java, etc.) and reliant on a common web browser to render the application executable.

Web applications are popular due to the ubiquity of a client, sometimes called a thin client. The ability to update and maintain Web applications without distributing and installing software on potentially thousands of client computers is a key reason for their popularity. Common Web applications include Webmail, online retail sales, online auctions, wikis, discussion boards, Weblogs, MMORPGs and many other functions.

Source brought to you by WIKI.