Table of Contents
- 1 What is NetSuite for Software Companies?
- 2 Scale
- 3 Streamline
- 4 Modernize
- 5 NetSuite for Software Solutions Features
- 6 Frequently Asked Questions
Oracle NetSuite for Software companies is an extensive cloud ERP for business of all sizes. Organizations serving in software industry of all sizes can benefit from our solution. It allows them to increase efficiency with a comprehensive, global financial and accounting core. Business administrators can leverage NetSuite for Software Solutions to improve visibility as their business grows and evolves. It assists in eliminating costly and inefficient manual processes and disparate systems.
For the most part, NetSuite for Software ERP solutions brings the automation required to scaling your organization regardless of how big you are today. Startups, midsize and enterprise software providers all benefit from NetSuite’s award-winning solutions. You can add more value if you get the implementation done by a certified and award-winning NetSuite Solution Provider, too.
You need to hold your trust in the foundation powering today’s fastest growing companies from startup to IPO and beyond. In the cutting edge industry, vision and the capacity to scale frequently separate the alsorans from the champs. NetSuite’s cloud ERP or financial suite is the top decision of innovation organizations who comprehend that the way to opening and overseeing development is a back office system that can address the present difficulties while giving the basic establishment expected to what’s in store.
NetSuite extraordinarily comprehends the difficulties confronting hyper-development programming organizations. We have leveraged its core capabilities in reviving business operations of organizations of all sizes. No wonder, they have witnessed an elevating growth trajectory along with multiplying revenue, which is still continuing.
Software businesses can leverage both ERP solutions and CRM solutions to increase finance efficiency and accuracy through automation of key business processes. NetSuite for Software Companies streamlines the back office so help you focus on more business-driving activities.
Business growth comes with business complexity. You can manage mind boggling business processes. These may include
- Revenue Recognition
- Specialized Pricing Models
- Recurring/Subscription Based Revenue Streams
- Order Management
- Professional Services Team
NetSuite for Software Solutions foster innovation within your organization. This ERP solution is easy to use and accessible anytime, anywhere. Most probably, NetSuite is the choice for Modern, Forward-Looking Tech Companies because of its agile methodology and scalability.
Modern technology companies require an establishment that empowers adaptability, deftness and perceivability. Cloud computing is the acknowledged business engineering of today and tomorrow. You can focus on advancement as opposed to the weight of keeping up with equipment and programming.
With NetSuite ERP, you can access important business metrics anytime, anywhere. You can make the most of its ERP solutions, which are optimized for all mobile devices.
You can imp-start your order-to-cash process by eliminating manual bottlenecks. NetSuite Software ERP solutions helps lay out a smooth stream from deals statement to supported request with keen work processes that mechanize approvals, pricing and discounting.
- Automation of order validation
- Quality assurance
- Credit controls
- Support for discount approvals
- Subscription business management
- 360-degree view of customers
You can streamline billing across multiple revenue streams. With the deployment of NetSuite for Software Industry, you can automate billing across your item, subscription, and services revenue streams with the main far reaching billing arrangement pre-incorporated with center financials.
- Automation of the order-to-cash process
- Generation, transmission, and collection of invoices
- Support for billing from multiple revenue streams
- Sales order billing
- Project billing
- Usage/consumption billing
- Real-time access to key information
- Integration with revenue recognition
Finance team within a software company can recognize revenue with confidence and accuracy. NetSuite ERP solutions solve mission-complex revenue recognition challenges. It renders support for current standards and help businesses comply with evolving rules and guidelines.
- Automated revenue recognition.
- Flexible revenue recognition scheduling
- Comply with existing standards
It enables businesses of all sizes to accelerate the financial close process. With NetSuite for Software companies, you can close with confidence and report financials accurately and within stipulated time. NetSuite joins rich bookkeeping usefulness with solid consistence the board that disposes of the requirement for manual reconciliations.
- General ledger
- Accounts receivables
- Accounts payable
- Compliance management
- Audit trails
- Tax management
By leveraging the core capabilities of NetSuite for Software industry, you can grow recurring revenue streams with a power-packed subscription and maintenance renewals engine. These are specifically orchestrated for SaaS and perpetual license software providers.
- Term and evergreen subscription management
- Change order management
- Support for co-termination
- Automated contract renewals
- Termination and cancellations
- Upsell and cross-sell support
NetSuite ERP lets software companies effortlessly expand to international markets. As your business grows globally, you can seamlessly enable multi-currency management, tax rules, and reporting requirements. Additionally, you can make the most of NetSuite Oneworld to maintain visibility.
- Global accounting and consolidation
- Audit and compliance reporting
- Comprehensive multi-language support
- Configurable tax engine
- Global and subsidiary level visibility
Which industries use NetSuite?
NetSuite Industry Solutions are used by more than 34,000 customers across 200+ countries. These industries include
- Advertising and Digital Marketing
- Apparel, Footwear and Accessories
- Financial Services
- Supply Chain
- Food and Beverage
What is NetSuite software used for?
NetSuite is world’s most widely deployed cloud business software suite for enterprise resource planning. You can leverage the core capabilities of this software solution to manage inventory, track financials, host e-commerce stores, and maintain customer relationship management systems.
Is NetSuite good for SAAS companies?
NetSuite offers a seamless business system for growing SaaS companies. Its inventive tools and applications assist businesses in experiencing better financial management without the need for spreadsheets, manual processes, or disconnected systems.
Is NetSuite better than Salesforce?
The major difference and a distinguishing point between NetSuite and Salesforce is that NetSuite is an ERP which includes a CRM. On the other hand, Salesforce is primarily a CRM system. Both the applications are highly customizable, reputable cloud-based software solutions with a wide range of integration options.
Why do companies use NetSuite?
NetSuite solutions allow businesses across different industries to deliver the best possible experience to customers, employees, and gain real-time visibility to identify scope for business improvement.
To drive maximum business benefits out of NetSuite for Software Companies, you can connect to a certified and award-winning NetSuite Solution Provider, #1 Oracle NetSuite Channel Partner—inoday. We can let you drive scalability with our proven implementation methodology, industry standards-based practices, and rich experience of delivering successful projects.