NetSuite : Brexit or Not… We’ve Got You Covered!

Posted by David Turner, Senior Director, EMEA Marketing

Just a few days out from the 'In-Out' EU referendum in the UK, the result seems to be too close to call. Business people will be understandably nervous since such uncertainty is guaranteed to unsettle markets, but NetSuite customers can at least be secure in the knowledge that their cloud ERP was designed to adapt to change and to empower them to react to new opportunities.

If the UK does vote to leave the EU (for 'Brexit' in the popular jargon), then we can expect change, albeit probably fairly slowly. There will be a two-year period where the UK will remain part of the EU while it negotiates its exit and further trade deals. It could even be that this period would be extended.

However, inevitably there would be changes in terms of business regulations, taxation and reporting regimes. These are extremely hard to predict, but we should expect them.

Even if Brexit is rejected and the UK continues as part of the EU, it is inconceivable that everything would stay the same, since changes in business regulation and taxation are a constant theme.

Either way, there will continue to be new opportunities - and threats - for businesses to respond to.

The good news for NetSuite users is that such changes are routine for them. And if reforms require a tweak to the system, you can be sure that NetSuite will make them compliant without disruption.

Should changes in rules or laws have wider impacts down the line, NetSuite will respond accordingly. As the world's fastest growing Financial Management System and the number one cloud ERP vendor, NetSuite will continue to invest to ensure that its customers can thrive whatever the future holds.