We are considering opening up our current NetSuite implementation to a sister company, ie, have them use the same setup. However, we would want to segregate pretty much everything in terms of record data access, configurations etc. For all intents an purposes it would be a different setup, just the same infrastrucutre. So we would not want the other comany to access any of our invoices, tranfers, credit memos, etc (and they would not want us to access theirs) but they would be able to benefit from customisations we implement and that sort of this. Does NetSuite handle such a paradigm?

AI generated answer (using internal Slack threads):

Based on the conversations, it seems that NetSuite does not inherently support the paradigm you're considering. NetSuite's OneWorld solution allows for multiple subsidiaries to operate under the same instance, but it does not inherently segregate data or configurations between subsidiaries. All data is stored in a single database instance, and there is an overarching framework of functionality that is subsidiary-neutral. However, there have been cases where companies have created separate instances for different entities, essentially running a full implementation for each. This can be a complex and costly process, and it may not be feasible for all businesses. It's also worth noting that this approach may not fully meet your needs, as it would involve maintaining separate instances rather than sharing the same infrastructure. In terms of data storage, NetSuite stores all data in a single data center, which may not meet certain data residency requirements. Oracle is expanding their data centers globally to address this issue, but it's still a consideration. In conclusion, while it's technically possible to create separate instances for different entities, this approach may not fully meet your needs and could involve significant costs and complexity. It's recommended to carefully consider your specific needs and constraints before deciding on this approach. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******

Yes, Oneworld with subsidiary-restriction on all your user roles.