Software
The scalable foundation for high-growth technology companies
The scalable foundation for modern high-growth technology companies
Scale
Trust the foundation powering today’s fastest growing companies from startup to IPO and beyond.
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Streamline
Increase finance efficiency and accuracy through automation of key business processes.
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Modernize
A solution that fosters innovation within your organization. Easy to use and accessible anytime, anywhere.
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We worked our Software magic on Milestone Systems
– Project management for engineering team
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NetSuite CRM & ERP
NetSuite CRM & ERP is the base suite that delivers a real-time 360-degree view of your customer and provides a seamless flow of information across the entire customer lifecycle from lead through to opportunity, sales order, fulfillment, up-sell, cross-sell, support, invoicing, inventory management and full accounting. With a comprehensive financial management capabilities required to grow a changing, complex business, NetSuite takes your business beyond traditional accounting software by streamlining operations across your entire organization and providing you with the real-time visibility you need to make better, faster decisions.
Features
- Financial Management
- Supply Chain and Inventory Management
- Procurement
- Order and Billing Management
- Warehouse and Fulfillment
- Sales Force Automation
- Customer Service Management
- Marketing Automation
- Real Time Analytics
NetSuite Advanced Software
NetSuite Advance Software Module is an optional module that helps software and internet companies track issues and allows customers to download software on the portal.
Features
- Issue Lifecycle & Status Transition Engine
- Closed-Loop Case/Issue Linking
- Self-Service Issue Tracking for Customers
- Advanced Billing Schedules
- Electronic File/Software Distribution for NetSuite
- Self-Service “My Downloads” Center
NetSuite Advanced Financials
As an optional add-on Module, with NetSuite Advanced Financials, finance departments can further automate billing processes and eliminate the manual work typically associated with billing customers. It enables the creation of highly customized billing schedules and templates, and automates the creation of invoices based on different types of orders. It even provides milestone billing schedules that ensure work is billed as it is completed according to a service contract.
Features
- Advanced Budgeting
- Expense Allocations
- Amortization Schedules
- Advanced Billing Schedules
- Milestone Billing (when used with Advanced Project Accounting)
- Statistical Accounting
- Allocation Enhancement
NetSuite Revenue Recognition
Revenue is recognized when it is realized or realizable, and when it has been earned. Whether a sales transaction consists of a single action, a series of actions across a period of time, or contains different types of deliverables in a bundle, NetSuite’s award-winning financial management software enables accounting departments to comply with revenue recognition requirements in a productive manner so that your financial statements are always accurate. This is an optional add-on module.
Features
- Revenue recognition schedules at the line item level
- Reverse amortization for credits/refunds
- Support for EITF 08-01 and EITF 09-03
- Tracks and manages multiple Estimated Selling Prices by item
- Enables automatic reallocation of order value to each line item
- Revenue Recognition Dashboard Portlets with real-time analytics
- Multi-currency and multi-subsidiary compatible
- Includes up to 10,000 Revenue Recognition Schedules
NetSuite Contract Renewals
Recurring revenue from ongoing licenses, support and maintenance contracts is the lifeblood of software companies. Managing and optimizing these recurring revenue streams is critical to the long-term health and success of software companies, including both cloud computing vendors and traditional software providers. This is an optional module.
Features
- Automated Contract Renewals
- Reverse amortization for credits/refunds
- Multiple Contract Support
- Upsell / Downsell Management
- Sales through multiple channels
- Uplift Management
NetSuite Project Management
NetSuite’s Project Management is an optional module that seamlessly integrates with the NetSuite accounting system. In addition to project management and time and expense tracking, you can create and issue invoices, compare project performance to budgets and other metrics. NetSuite Project Management module manages revenue recognition, expenses, unbilled balances, and other project-related financials.
Features
- Estimated Costing
- Project Time Tracking
- Project Task Management
- Utilization & Backlog Reporting
NetSuite Resource Management gives you visibility into all aspects of your project resource management needs, helping to increase overall resource utilization and manage and deploy resources based on employee skills, experience and availability.
Features
- Comprehensive Resource Management
- Project Staffing
- Resource Forecasting
- Utilization Tracking
NetSuite Project Costing
NetSuite’s Project Costing is an optional module that provides visibility into project costs and cost management efficiency, enabling greater accuracy and accountability. Its robust cost management solution spans the planning cycle, from estimating to budgeting and forecasting, through all stages of project execution and posting to General Ledger.
Features
- Project Costing
- Project Budgeting
- Project Profitability Report
NetSuite FAQs for Software and Technology companies
How is NetSuite tailored to meet the needs of Software and Technology companies?
NetSuite provides a scalable foundation designed specifically for high-growth technology companies. It supports the unique needs of software businesses, from startups to IPOs and beyond, ensuring they can scale efficiently, streamline their finance processes, and foster innovation with an easy-to-use solution accessible from anywhere.
How can NetSuite assist software companies in managing their financial operations?
NetSuite’s Advanced Financials and Revenue Recognition features enable software companies to automate key business processes, increasing financial efficiency and accuracy. It helps in accurate billing, revenue recognition based on milestones or deliverables, and overall robust financial management tailored to the needs of software businesses.
What benefits can software companies expect from implementing NetSuite’s CRM & ERP?
NetSuite CRM & ERP provides software companies with a 360-degree real-time view of their customers. It facilitates a seamless flow of information throughout the customer lifecycle, from leads to sales and support. This ensures efficient customer relationship management, streamlined operations, and real-time visibility, enabling businesses to make informed decisions rapidly.
How does NetSuite cater to the project management needs of software companies?
NetSuite offers Project Management and Resource Allocation features, which are tailored to help software companies efficiently plan, track, and manage their projects. They can allocate resources optimally, track project costs, and ensure timely delivery of software projects.
Can NetSuite help software companies with contract renewals?
Yes, NetSuite’s Contract Renewals feature allows software companies to manage and automate the renewal process efficiently, ensuring timely renewals and consistent revenue streams.
How does NetSuite support the modernization of software companies?
NetSuite is a cloud-based solution that fosters innovation within software organizations. Being easy to use and accessible anytime and anywhere, it ensures that businesses remain agile, adaptable, and ready to meet the evolving demands of the tech industry.
How can Real Time Analytics in NetSuite benefit software companies?
Real Time Analytics allows software companies to monitor and analyze their operations and performance in real-time. This is crucial for spotting trends, identifying potential issues, and making data-driven decisions to enhance efficiency and growth.
What capabilities does NetSuite offer for the sales and marketing functions of software companies?
NetSuite includes Sales Force Automation and Marketing Automation features. This means software companies can automate their sales processes, manage leads and opportunities more effectively, and run targeted marketing campaigns to drive growth and customer engagement.