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Revenue Recognition
Contract Renewals
...and Lots More

Software for Software and IT Companies

Software for Service Organisations - Revenue Recognition, Contract Renewals and Lots More

NetSuite meets the financial management needs of most service-based organisations with sophisticated financial management functionality, revenue recognition, recurring revenue management and renewals management capabilities.

With more than 45,000 customers, NetSuite is the #1 cloud-based, integrated ERP/financial software for service organisations

Key Benefits:

  • Gain real time visitibility with dashboards
  • Scale with rapid growth
  • Increase accounting efficiency through automation of key business processes
  • Manage your revenue recognition easily and efficiently
  • Get to the market fast with one cloud based platform to run your whole business

NetSuite for Service Organisations

Revenue Recognition

NetSuite's software for IT companies includes comprehensive functionality to address issues such as revenue recognition challenges with complete support for all key revenue recognition standards, automated revenue calculation, and fully integrated dashboards and reporting. The result is greater ease of use and flexibility, better data integrity, more visibility and lower ongoing maintenance.

Recurring Revenue Management

NetSuite's powerful renewals engine gives you complete control of the renewals process. Easily drive renewals off contract end date, create co-terminus-based contracts and include uplift amounts that can be generated at a predetermined time. NetSuite lets you manage billing for subscription- and maintenance-based revenue streams, and increase profitability by cross-selling and up-selling to customers.

Financial Analytics and Reporting

NetSuite's pre-configured role-based dashboards and metrics for software companies provide immediate insights into your licenses and maintenance, deferred revenue retention sales pipeline, and upsell and down-sell, and more. NetSuite's software for IT companies even provides financial planning and modeling capabilities to ensure financial and operational discipline.

Financial Management

NetSuite's financial management software solution is used by thousands of organisations to manage their accounting needs. It accelerates your financial close, provides strong expense management and offers streamlined and auditable revenue recognition management, including support for SOP 81-1, SOP 97-2 & 98-9, SAB 101, EITF 00-21, EITF 08-01 and EITF 09-03.

Order and Billing Management

Integrated quote-to-order-to-billing management capabilities fast-track business processes, improve quote accuracy, eliminate billing errors, strengthen revenue recognition processes and accelerate cash flow—all in a single solution. The result is faster orders, improved front- and back-office productivity and dramatically reduced billing errors

Global Business Management

Easily manage global software companies that have multiple subsidiaries, business units and legal entities, and gain a real-time view into sales, service and financial performance. NetSuite enables complete management of different currencies, taxation rules and reporting requirements.
Gain comprehensive CRM capabilities, including sales force automation (SFA), customer service and marketing automation. NetSuite's seamless integration between marketing, sales and finance eliminates redundancy, and reduces manual processes and errors while increasing operational efficiencies.

Partner Relationship Management (PRM)

Included in NetSuite's software for IT companies standard functionality is a complete Partner Relationship Management portal that let you treat your partners as an extension of your direct sales team, with joint marketing campaigns, lead management and order processing. Integration

SuiteCloud Connect for allows customers to integrate their CRM processes with NetSuite's leading on-demand financials/ERP and e-commerce functionality.

SuiteCloud Connect for allows customers to integrate their CRM processes with NetSuite's leading on-demand financials/ERP and e-Commerce functionality.