Services Businesses Run Better on NetSuite
NetSuite Professional Services Automation helps you accurately plan, track and execute projects.
It increases visibility into your professional services organization, improves resource utilization, streamlines invoicing and billing, elevates on-time project delivery and drives profitability. The totally integrated solution, which includes Project Management, Resource Management, Project Accounting,Timesheet & Expense Management and Analytics, provides powerful tools to help you manage your projects, resources and finances. Whether you are struggling to gain control over your projects, accurately invoice your clients or deliver more with less, NetSuite Professional Services Automation solution is the answer.
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.
- Financial Management
- Supply Chain and Inventory Management
- Order and Billing Management
- Warehouse and Fulfillment
- Sales Force Automation
- Customer Service Management
- Marketing Automation
- Real Time Analytics
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.
- Estimated Costing
- Project Time Tracking
- Project Task Management
- Utilization & Backlog Reporting
NetSuite’s Project Costing is an optional module that provides visibility into project costs and cost management e ciency, 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.
- Project Costing
- Project Budgeting
- Project Profitability Report
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.
- Comprehensive Resource Management
- Project Staffing
- Resource Forecasting
- Utilization Tracking
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.
- 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