NetSuite helps over 1,300 software, cloud and Internet companies rapidly adapt to the demands of the tech industry.
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Software and technology companies operate in one of the most rapidly evolving industries of all, with seismic shifts in development, infrastructure, customer expectations and business models. Companies can go from startup to IPO to global enterprise to acquisition in just a few years. Finding a business system that can keep up with this change presents a tremendous challenge.
NetSuite understands these challenges because NetSuite has gone through the entire software life cycle, from startup to midmarket to up-market to its current state as a global enterprise. NetSuite is the world’s leading cloud-based ERP, is purpose-built for software companies, is a solution that scales with a company’s growth, and most importantly, is a platform to transform and future-proof your business.
Since, NetSuite is purpose built for software and internet companies, it allows you to:
Whether it's initial or recurring billing, NetSuite helps you automate.
Establish a smooth flow from sales quote to approved order with intelligent workflows that automate approvals, pricing and discounting.
Cost To Serve
Reduce your cost to serve with improved speed and accuracy.
Revenue Growth Rate
Easily scale order capacity as your business grows.
Drive down cycle times by eliminating manual processes.
NetSuite's robust functionality allows you to automate billing for multiple revenue streams.
Billing for products, subscriptions, usage & service?
Automate billing across your product, subscription and services revenue streams with the only comprehensive billing solution pre-integrated with core financials.
Back Office Efficiency
Eliminate spreadsheets and manual work efforts.
Maintain compliance with applicable accounting standards
Automate revenue recognition schedules and manage deferred revenue.
Compliance with changing revenue standards is breeze with NetSuite. ASC 605 and ASC 606/IFRS 15...yes we can!
Solve complex revenue recognition challenges with support for current standards and be prepared to comply with evolving rules and guidelines.
Eliminate billing errors and improve invoice to payment cycle time.
Improve DSO/DBO with controls and visibility.
Reduce revenue leakage with a solution that scales rapidly.
Close books with confidence knowing that you will be fast and accurate!
Close with confidence and report financials quickly and accurately. NetSuite combines rich accounting functionality with strong compliance management that eliminates the need for manual reconciliations.
Time To Close
Close the books with speed and accuracy by eliminating manual reconciliations.
Automate the end-to-end financial close process.
Establish controls and enable audit trails.
Solve recurring revenue challenges for subscription as well perpetual license situations.
Grow recurring revenue streams with a powerful subscription and maintenance renewals engine designed for SaaS and perpetual license software providers.
Customer Lifetime Value
Increase LTV by automating the renewals process.
Average Customer Revenue
Capitalize on upsell and cross-sell to grow ARR/MRR.
Gain insights into the drivers of your business to improve forecast accuracy.
As your business expands, you can easily consolidate multiple currencies and multiple entities and achieve reporting compliance.
As your business grows globally, seamlessly enable management of multiple currencies, tax rules, and reporting requirements while maintaining visibility with NetSuite OneWorld.
Multi-currency management tools ensure reporting accuracy locally and globally.
Eliminate the complexity of managing multiple currencies and close the books faster.
Get unprecedented visibility of your business worldwide in real time.
Optimize resource allocation, project on time performance and project accounting.
Embedded Professional Services teams benefit from NetSuite PSA solutions designed to maximize resource allocation, elevate on-time delivery and streamline project accounting.
Gain visibility into project profitability to inform decision making.
Improve burn rates and ensure your resources are assigned to maximize value.
NetSuite's unique architecture allows for extensive customization & using SuiteCloud allows you to protect your investments.
The SuiteCloud platform provides a range of customization tools to extend NetSuite to fit your unique business needs—now and as your business challenges evolve.
Automate processes unique to your business to further increase efficiencies.
Integrate NetSuite with other critical business systems to create one system of record.
Improve decision making with advanced analytics and reporting across the organization.
Although NetSuite has extensive functionalities to manage all parts of your business, if you want to integrate, NetSuite makes it easy.
NetSuite boast of numerous pre-built connectors providing real time integrations to popular business solutions plus you can easily use SuiteTalk to integrate any application.
Efficiency & Continuity
Maintain processes that have worked for you.
Get up-to-date data from various sources to create your own BI mechanism.
Real-time data sync eliminates manual work and improves forecast accuracy.
Let us know how we can help you.