Why NetSuite?
As a software company itself, NetSuite is well aware of technology businesses and the challenges they face. NetSuite – an integrated cloud platform- takes care of your entire software business. You can manage your projects, financials, and sales and marketing activities on a single platform.
Handling multiple projects, billing of all clients separately, managing currency of different countries, along with real-time data insights into your project throughout the project lifecycle – NetSuite handles these aspects in a single integrated cloud-based solution!
NetSuite Features that help Software Companies
Enhanced Financial Close
Faster financial close with accurate and quick reporting. With deep accounting capabilities, NetSuite reduces manual interferences and thus errors. Automates end-to-end financial close and controls audits.
Automated Revenue Recognition
With efficient tools, NetSuite manages and resolves complex revenue recognition issues and helps to maintain compliance with changing standards.
Synchronized Billing
NetSuite automates billing across subscription, product, usage, and services. Reducing errors, increasing accuracy, and efficiency.
Simplified Global Market Expansion
Manage multiple currencies, taxes, and reporting requirements when you are expanding into different countries. Also enables real-time visibility of your worldwide business.
Dynamic Order Management
Simplify and automate sales processes from orders to cash, eliminating manual errors. Automated approvals, pricing, and discounting help in reducing costs.
Optimizing Subscriptions
Subscription renewal revenues are the backbone of Software and Tech companies. NetSuite automates renewals to improve revenue prediction and resource allocation forecasting for service- and product-based companies. With powerful tools to optimize recurring revenue, helps in managing continued and time-based licenses.
Customization
Every Software company has its unique requirements and goals. NetSuite helps customize the NetSuite package for your software business-specific needs and ensures future upgrades to new versions.
Automate Professional Services
With NetSuite PSA, IT companies can automate their back-office operations. Also, get a 360-degree view of your project concerning financials, project progress, resource allocations, etc.
The total Professional Services Automation Tool ensures optimization of critical business processes and improves business performance. NetSuite PSA connects the crucial dots within a software company, such as human resources, project management, costs, financials, and billing. It allows you to take total control of your projects while maintaining the budget constraints.
High-tech businesses need to deliver projects successfully to their customers -responding to their demands, managing the tight deadlines, and constantly changing project landscapes.NetSuite PSA helps to maintain all integral functionalities of the organization, taking care of day-to-day aspects of a business. That makes software companies focus on their core functions.
In short, NetSuite PSA ensures optimum use of resources, timely delivery of projects, and the successful management of project accounting.
NetSuite takes care of all – CRM, Revenue recognition, eCommerce, Billing. For technology and software companies, NetSuite is a powerful cloud solution that handles back and front office operations to boost growth, minimize complexities, and increase efficiency.
RevGurus, being a NetSuite Alliance Partner, is an experienced and certified NetSuite ERP Consultant, led by experienced business and technology experts. With a strong technical background and good Integration experience, we have successfully delivered projects for various SMBs. Our accounting and financial team has qualified chartered accountants. We ensure your software business improves its efficiency and profitability with NetSuite.
To know how we can cater to your NetSuite needs, email us at: [email protected]
