NetSuite in the Software Industry
In the software industry, success is measured by innovation and growth, and it’s critical to ensure that you have the right backbone to build and grow your business.
For years, the effectiveness of software companies’ financial and business operations was constrained by on-premise software and manual processes. On-premise software lacks the scalability needed by fast-growing, international businesses, and many software companies end up relying on extremely inefficient, spread sheet driven manual processes to manage key business functions such as billing, purchases, expenditure approvals, financial reporting, contract renewal, professional services automation, and revenue recognition. It’s very costly to install and maintain traditional onpremise
software, and the complex systems don’t scale with a growing employee base.
NetSuite delivers the right combination of scalability, flexibility and cost-effectiveness to address these challenges. NetSuite’s cloud-based ERP suite is the solution of choice for the software industry, running critical business processes for hundreds of the most innovative private and public software companies. NetSuite streamlines and optimizes business processes, provides a true 360-degree view of customers, and cuts costs. Software executives leveraging NetSuite are able to gain real-time visibility across the
entire enterprise, allowing them to make faster, more effective decisions.
As a software company, NetSuite understands the challenges of managing a global software business across thousands of customers and employees. The NetSuite Software Company Edition features the software-specific capabilities that your company needs to focus on innovation and growth while ensuring streamlined billing and renewal processes, accurate financial reporting, and the ability to meet complex revenue recognition requirements. Unlike on-premise vendors or niche tools that require high maintenance or don’t focus on software-specific requirements, NetSuite’s solution is built from the cloud up to help your company understand and manage performance and optimize revenue and growth.
NetSuite Software Company Edition offers the industry’s first and only
|Software Needs||NetSuite Software Company Edition|
|Lack of timely financial reporting||
|Inefficient financial management||
|Complex revenue recognition||
|Lack of real-time visibility||
|Inefficient recurring revenue management||
|Lack of single customer repository||
|Advanced Financials with Revenue Management and Revenue Recognition||Increased Visibility for Decision Making|
|The Best CRM for Software Companies||Revenue Recognition|
|Integrated Back Office with Software-Specific Features||Improved Reporting|
|Deep Services and Support Functionality||Accelerated Quote to Cash|
|Rich Channel and Partner Relationship Management Capabilities||Accelerated Financial Close|
|NetSuite Issue Management||IT Savings|
|NetSuite Electronic File/Software Delivery||Increased Sales Productivity|
|High-End Customization without the Headaches||Improved Customer Service and Customer Satisfaction|
inoday can help you enable your company and empower your employees in every corner of your organization.
We work across all major technology platforms. For ERP/CRM products we work around NetSuite, Microsoft Dynamics NAV, SAP, Salesforce besides window based technologies and all major mobile technologies.