The robust, adaptable bedrock enabling the growth of contemporary tech enterprises.
Why Choose NetSuite?
Scalability: Place your faith in the robust platform that propels today’s most rapidly expanding businesses, from their embryonic startup phase to IPO, and even further into their limitless potential.
Efficiency: Elevate your financial prowess by streamlining operations and enhancing precision through the automation of pivotal business processes.
Innovation: Embrace modernity with a solution that catalyzes ingenuity within your organization. With its user-friendly interface and round-the-clock accessibility from any location, innovation becomes second nature.
NetSuite Software and Technology Product Features
Revitalize Your Order-to-Cash Process by Dissolving Manual Roadblocks
Facilitate an effortless progression from sales quotation to approved order, employing intelligent workflows that automate aspects such as approvals, pricing, and discounting.
- Leverage automation for order validation and quality assurance, increasing efficiency and minimizing human error.
- Implement robust credit controls, ensuring a safe and reliable financial operation.
- Simplify the process of approving discounts, maximizing efficiency and customer satisfaction.
- Streamline your subscription business, improving both customer experience and revenue streams.
- Enhance customer service by providing a comprehensive view of each customer, enabling personalized and proactive service.
Business Impact
Cost Efficiency: Trim your cost-to-serve ratio through accelerated processes and enhanced precision.
Revenue Growth Rate: Scale your order capacity seamlessly as your business expands, ensuring steady revenue growth.
Cycle Time: Slash cycle times by doing away with manual processes, boosting efficiency and productivity.
Simplify Billing Across Diverse Revenue Channels
Streamline billing across your product, subscription, and service revenue streams with an all-encompassing solution, seamlessly pre-integrated with core financials.
- Effortlessly transform your orders into cash by automating the entire process.
- Generate, dispatch, and collect invoices with precision and speed.
- Provide robust support for billing across diverse revenue streams, including sales orders, project-based, and usage/consumption billing.
- Harness crucial information in real-time, enabling better decision making and prompt response.
- Smooth integration with revenue recognition, ensuring accurate and compliant financial reporting.
Business Impact
Cash Conversion: Eradicate billing errors and enhance your invoice-to-payment cycle time, boosting cash flow.
DSO Improvement: Enhance your Days Sales Outstanding (DSO) or Days Books Outstanding (DBO) through improved controls and visibility, optimizing your cash cycle.
Revenue Growth: Curtail revenue leakage with a solution that swiftly scales up to meet your business growth, ensuring optimal revenue realization.
Ensure Precise and Confident Revenue Recognition
Tackle intricate revenue recognition challenges, equipped with support for contemporary standards and readiness to comply with future regulations and guidelines.
- Automated Precision: Eliminate human error by automating complex revenue recognition, promoting accuracy and consistency.
- Adaptable Scheduling: Leverage flexible revenue recognition scheduling, adapting to your business’s unique needs and timelines.
- Compliance with Current Standards: Stay compliant with existing standards, including:
- Revenue arrangements with multiple elements (ASC 605-25)
- Percentage-of-completion accounting (ASC 605-35)
- Upcoming ASU 2014-09 adoption readiness
Business Impact
Back Office Efficiency
Eliminate dependency on spreadsheets and manual tasks, enhancing productivity and reducing the chance for errors.
Compliance Assurance
Effortlessly maintain compliance with applicable accounting standards, safeguarding your organization against potential penalties and audit issues.
Deferred Revenue Management
Automate revenue recognition schedules and proficiently manage deferred revenue, ensuring accurate reporting and financial analysis.
Expedite the Financial Close Process
Secure a swift and reliable financial close and report your financials with precision and speed. NetSuite amalgamates comprehensive accounting functionality with robust compliance management, making manual reconciliations a thing of the past.
- General Ledger: Manage all financial transactions efficiently.
- Accounts Receivables: Streamline the process of tracking and collecting due payments.
- Accounts Payable: Efficiently track and manage your bills and expenses.
- Internal Controls: Implement stringent internal controls to minimize risk and ensure compliance.
- Compliance: Adhere to all relevant financial regulations with ease.
- Audit Trails: Enable traceability and transparency with clear audit trails.
- Tax Management: Navigate tax complexities effectively, ensuring accurate and timely submissions.
Business Impact
Time Efficiency
Close your books rapidly and accurately, eliminating manual reconciliations.
Back Office Productivity
Automate the end-to-end financial close process, freeing up resources for other strategic tasks.
Compliance Assurance
Establish reliable controls and enable clear audit trails, ensuring regulatory compliance and reducing risk.
Fuel Your Recurring Revenue Mechanism
Expand your recurring revenue streams with a potent subscription and maintenance renewals engine, meticulously crafted for Software-as-a-Service (SaaS) and perpetual license software providers.
- Subscription Management: Effectively handle term-based and evergreen subscriptions.
- Change Order Management: Navigate changes in orders efficiently and accurately.
- Co-Termination Support: Seamlessly manage co-termination of contracts.
- Renewal Automation: Automate contract renewals to ensure continuity of service and revenue.
- Termination and Cancellations: Handle terminations and cancellations proficiently, minimizing disruptions.
- Upsell and Cross-Sell Support: Facilitate opportunities for upselling and cross-selling, increasing customer value and revenue.
Business Impact
Customer Lifetime Value
Augment your Customer Lifetime Value (LTV) by automating the renewal process, ensuring continued patronage.
Average Customer Revenue
Capitalize on upselling and cross-selling opportunities to boost your Average Recurring Revenue (ARR) or Monthly Recurring Revenue (MRR).
Forecasted Revenue
Gain in-depth insights into your business drivers to enhance forecast accuracy, leading to better strategic planning.
Seamlessly Penetrate International Markets
As your business ascends to a global scale, smoothly manage multiple currencies, tax rules, and reporting requirements, while maintaining clear visibility through NetSuite OneWorld.
- Global Accounting and Consolidation: Efficiently consolidate accounts and perform global financial management.
- Multicurrency Management: Comprehensive multicurrency management, ensuring accuracy and convenience in global operations.
- Audit and Compliance Reporting: Robust support for audit trails and compliance reporting, minimizing risk and ensuring adherence to regulations.
- Language Support: Comprehensive language support, facilitating communication and operations in diverse regions.
- Configurable Tax Engine: Adaptable tax engine that can be configured to manage diverse global tax requirements.
- Instant Visibility: Instant and clear visibility at both global and subsidiary levels, enabling informed business decisions.
Business Impact
Back Office Efficiency
Multicurrency management tools ensure local and global reporting accuracy, reducing errors and rework.
Time Efficiency
Simplify the intricacies of managing multiple currencies and close your books faster, enabling a more efficient financial cycle.
Decision Support
Gain unparalleled real-time visibility of your worldwide business, fostering informed and strategic decision-making.