--- title: NetSuite Product Features for Software Companies description: NetSuite unlocks the potential of Software companies by providing powerful features such as Revenue Recognition which is ASC 606 compliance, offering global compliance features. Multi-currency and multi entity features, subscription billing, easy customization and integration abilities --- [![Social Media Image Templates - Square Solid Colors-22.jpg](http://s3.amazonaws.com/cdn1.hubspot.com/StockImages/Social%20Media%20Image%20Templates%20-%20Square%20Solid%20Colors/Square_Image_Templates-22.png "Social Media Image Templates - Square Solid Colors-22.jpg")](http://www.aarialife.ca) - [Home](http://www.aarialife.com/) - [About Us](http://www.aarialife.com/About-Aarialife.html) - [Contact Us](http://www.aarialife.com/Contact.html) - [Resources Home](https://resources.aarialife.com/resources) - Solutions by company size - [Small Businesses](https://resources.aarialife.com/resources/netsuite-for-small-businesses) - [Mid-Sized Companies](https://resources.aarialife.com/resources/netsuite-for-midsize-businesses) - [Enterprise](https://resources.aarialife.com/resources/netsuite-for-the-enterprise) - Industry Vertical - [Software Companies](https://resources.aarialife.com/resources/netsuite-for-software-companies) - [Wholesale Distribution](https://resources.aarialife.com/resources/netsuite-for-wholesale-distribution) - [Digital Agencies](https://resources.aarialife.com/resources/netsuite-for-digital-agencies) - [Professional Services Automation](https://resources.aarialife.com/resources/netsuite-openair) - Videos - [Role Based Videos](https://resources.aarialife.com/netsuite-video-demos) - [Demo Videos by Industry](https://resources.aarialife.com/product-demos-by-industry) # NetSuite Product Features For software/Internet company Efficient Order Management ### 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? [![Free Product Tour](https://no-cache.hubspot.com/cta/default/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b.png)](https://cta-redirect.hubspot.com/cta/redirect/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b)   Make Billing Easy ### 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?** [![Free Product Tour](https://no-cache.hubspot.com/cta/default/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b.png)](https://cta-redirect.hubspot.com/cta/redirect/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b)   Revenue Recognition ### **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? [![Download Datasheet](https://no-cache.hubspot.com/cta/default/869772/733146a6-b486-44ea-a517-eba4197e6c53.png)](https://cta-redirect.hubspot.com/cta/redirect/869772/733146a6-b486-44ea-a517-eba4197e6c53)   Compliance ### 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?** **[![Free Product Tour](https://no-cache.hubspot.com/cta/default/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b.png)](https://cta-redirect.hubspot.com/cta/redirect/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b)**   Subscriptions ### 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**. [![Free Product Tour](https://no-cache.hubspot.com/cta/default/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b.png)](https://cta-redirect.hubspot.com/cta/redirect/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b)   Consolidate Globally ### 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?** [![Free Product Tour](https://no-cache.hubspot.com/cta/default/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b.png)](https://cta-redirect.hubspot.com/cta/redirect/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b)   Easy Integration ### 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?** **[![Free Product Tour](https://no-cache.hubspot.com/cta/default/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b.png)](https://cta-redirect.hubspot.com/cta/redirect/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b)**   Professional Services Automation ### 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?** **[![Free Product Tour](https://no-cache.hubspot.com/cta/default/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b.png)](https://cta-redirect.hubspot.com/cta/redirect/869772/1abc38b9-5787-4e0e-b540-c5a3d8e0190b)**   Customize as you like ### 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?** **[![Schedule a Free Consulation](https://no-cache.hubspot.com/cta/default/869772/d9f2fa08-4228-46c8-ab99-598b7ba0e943.png)](https://cta-redirect.hubspot.com/cta/redirect/869772/d9f2fa08-4228-46c8-ab99-598b7ba0e943)**   **Schedule a Free Consultation to know more about how NetSuite can help your business grow?**   [![Schedule a Free Consulation](https://no-cache.hubspot.com/cta/default/869772/d9f2fa08-4228-46c8-ab99-598b7ba0e943.png)](https://cta-redirect.hubspot.com/cta/redirect/869772/d9f2fa08-4228-46c8-ab99-598b7ba0e943)   **Unlock the full potential of your software company?**   [![Download e-book NetSuite for Software Companies](https://no-cache.hubspot.com/cta/default/869772/37931c20-2b49-4fbb-8cba-5fe75fa776f6.png)](https://cta-redirect.hubspot.com/cta/redirect/869772/37931c20-2b49-4fbb-8cba-5fe75fa776f6)     **SERVICES** [Oracle NetSuite ERP](http://www.aarialife.com/NetSuite-Partner.html) [Zoho CRM](http://www.aarialife.com/Zoho-CRM-Partner.html)   **PRODUCTS** [IOT Enabled Farms](http://www.aarialife.com/IOT-Enabled-Farms.html) [AI Powered Chatbots](http://www.aarialife.com/AI-Chatbot.html)    **COMPANY** [About Company](http://www.aarialife.com/About-Aarialife.html) [Support](http://www.aarialife.com/Customer-Support.html) [Careers](http://www.aarialife.com/Careers.html) [Contact Us](http://www.aarialife.com/Contact.html)