NetSuite Co., Ltd., the Japanese subsidiary of NetSuite Inc. (NYSE: N) has been selected by MC Aviation Partners Inc. (MCAP) to implement NetSuite OneWorld to support business growth, the company said.
NetSuite OneWorld gives MCAP group real-time visibility across all of its subsidiaries with consolidated accounting. The platform enables the books to be kept in each separate country and consolidated with a single financial system of record, while maintaining compliance with the tax system of each country where it operates.
MCAP group owns and manages about 80 aircraft as the aircraft leasing company under the Mitsubishi Corporation umbrella. In 2015, a new joint venture for aircraft leasing business was established with CK Hutchinson, a leading Hong Kong based multi-national conglomerate.
NetSuite is a provider of cloud-based financials/ERP and omnichannel commerce software suites.