NetSuite Product Features for Software Companies

Automate Your Order-to-Cash Process

Establish a smooth flow from sales quote to approved order with intelligent workflows that automate approvals, pricing and discounting.

Automate order validation and quality assurance.
Establish credit controls.
Support discount approvals.
Manage your subscription business.
Facilitate customer service with a 360-degree view of customers.

Business Impact

COST TO SERVE

Reduce your cost to serve with improved speed and accuracy.

REVENUE GROWTH RATE

Easily scale order capacity as your business grows.

CYCLE TIME

Drive down cycle times by eliminating manual processes.

Explore How NetSuite Streamlines Order-to-Cash?

Streamline Billing Across Multiple Revenue Streams

Automate billing across your product, subscription and services revenue streams with the only comprehensive billing solution pre-integrated with core financials.

Automate the order-to-cash process.
Generate, transmit and collect invoices.
Support for billing from multiple revenue streams.
- Sales order billing
- Project billing
- Usage/consumption billing
Collect key information with real-time access.
Integration with revenue recognition.

Business Impact

CASH CONVERSION

Eliminate billing errors and improve invoice to payment cycle time.

DSO

Improve DSO/DBO with controls and visibility.

REVENUE GROWTH

Reduce revenue leakage with a solution that scales rapidly.

See how efficient billing can make your revenues predictable?

Recognize Revenue with Confidence and Accuracy

Solve complex revenue recognition challenges with support for current standards and be prepared to comply with evolving rules and guidelines.

Automate complex revenue recognition.
Flexible revenue recognition scheduling.
Comply with existing standards including:
- Revenue arrangements with multiple elements (ASC 605-25).
- Revenue arrangements with multiple elements (ASC 605-25).
- Percentage-of-completion accounting (ASC 605-35).
Prepare for ASU 2014-09 adoption.

Business Impact

BACK OFFICE EFFICIENCY

Eliminate spreadsheets and manual work efforts.

COMPLIANCE

Maintain compliance with applicable accounting standards.

DEFERRED REVENUE

Automate revenue recognition schedules and manage deferred revenue.

Countdown to ASC 606?

Accelerate the Financial Close Process

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.

General ledger
Accounts receivables
Accounts payable
Internal controls
Compliance
Audit trails
Tax management

Business Impact

TIME TO CLOSE

Close the books with speed and accuracy by eliminating manual reconciliations.

BACK OFFICE EFFICIENCY

Automate the end-to-end financial close process.

COMPLIANCE

Establish controls and enable audit trails.

Find out how you can go from Startup to Global Enterprise?

Streamline Your Recurring Revenue.

Grow recurring revenue streams with a powerful subscription and maintenance renewals engine designed for SaaS and perpetual license software providers.

Term and evergreen subscription management
Change order management
Support for co-termination
Contract renewal automation
Termination and cancellations
Support for upsell and cross-sell

Business Impact

CUSTOMER LIFETIME VALUE

Increase LTV by automating the renewals process.

AVERAGE CUSTOMER REVENUE

Capitalize on upsell and cross-sell to grow ARR/MRR.

FORECASTED REVENUE

Gain insights into the drivers of your business to improve forecast accuracy.

Gain insights into the drivers of your business to improve forecast accuracy.

Stress Free Expansion to International Markets

As your business grows globally, seamlessly enable management of multiple currencies, tax rules, and reporting requirements while maintaining visibility with NetSuite OneWorld.

Global accounting and consolidation
Comprehensive multicurrency management
Audit and compliance reporting
Comprehensive language support
Configurable tax engine
Instant visibility at the global and subsidiary level

Business Impact

BACK OFFICE EFFICIENCY

Multi-currency management tools ensure reporting accuracy locally and globally.

TIME TO CLOSE

Eliminate the complexity of managing multiple currencies and close the books faster.

DECISION SUPPORT

Get unprecedented visibility of your business worldwide in real time.

Find out how can use NetSuite to get a global view of your business?

Leverage Your Existing Solutions Investment with Easy Integration capabilities

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.

Seamless integration from NetSuite ERP
360-degree view of data
Customizable fields and processes based on company workflow..
Quick and easy setup to ensure rapid business impact.

Business Impact

EFFICIENCY & CONTINUITY

Maintain processes that have worked for you.

INSIGHT

Get up-to-date data from various sources to create your own BI mechanism.

FORECASTING

Real-time data sync eliminates manual work and improves forecast accuracy.

Learn More?

Maximize the Value of Your Embedded Professional Services Team

Embedded Professional Services teams benefit from NetSuite PSA solutions designed to maximize resource allocation, elevate on-time delivery and streamline project accounting.

Improve utilization with resource management.
Gain visibility into project management.
Automate billing and revenue recognition.
Easily manage time and expense.
Enable project accounting.

Business Impact

PROJECT PROFITABILITY

Gain visibility into project profitability to inform decision making.

RESOURCE UTILIZATION

Improve burn rates and ensure your resources are assigned to maximize value.

CUSTOMER SATISFACTION

Elevate on-time delivery through increased visibility into all aspects of your PS business.

Learn more about Professional Services Automation with NetSuite?

Future-Proof Your Investment with Powerful Tools for Customization and Extension

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.

Point-and-click application configuration
Click-not-code workflow engine
Scripting solutions for building new apps and processes
SOAP-based web-services for integration with existing applications
Real time role-based dashboards
Pre-built and ad-hoc reporting with ODBC access across customizations

Business Impact

BACK OFFICE EFFICIENCY

Automate processes unique to your business to further increase efficiencies.

REAL-TIME VISIBILITY

Integrate NetSuite with other critical business systems to create one system of record.

DECISION SUPPORT

Improve decision making with advanced analytics and reporting across the organization.

Learn more about the SuiteCloud Platform?