In the software industry, success is measured by innovation and growth, making it critical to have the right backbone for effective revenue recognition and business expansion.

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 on premise software, and the complex systems don’t scale with a growing employee base.

NetSuite for Software Companies delivers the right combination of scalability, flexibility and cost-effectiveness to address these challenges. NetSuite 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. Executives leveraging NetSuite for Software Business are able to gain real-time visibility across the entire enterprise, allowing them to make faster, more effective decisions.

NetSuite ERP Solution helps mitigate the challenges of managing a global software business across thousands of customers and employees.

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    What is 1 + 2 ?

    The NetSuite Software Industry 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 Software is designed from the ground up in the cloud to help your company understand and manage performance, while optimizing revenue and growth.

    NetSuite Software Company Provides the Industry’s Most Comprehensive Revenue Recognition Solution

    • Integrated advanced financials, revenue recognition, contract management, and billing
    • Role-based, customizable dashboards
    • Integrated CRM, accounting/ERP, and ecommerce
    NetSuite Software
    Software Needs NetSuite Software Company Edition
    Lack of timely financial reporting
      • Real-time financial reports
      • Granular drill down and visibility into cash management
    Inefficient financial management
      • Complete coverage across all major accounting processes—order to cash, purchasing, expense management
      • Accelerate the financial close
    Complex revenue recognition
      • Complete coverage across all major accounting processes—order to cash, purchasing, expense management
      • Accelerate the financial close
    Lack of real-time visibility
      • Real-time role-based dashboards
      • Pre-defined KPIs for software companies
    Inefficient recurring revenue management
      • Complete control of the renewals process
      • Manage billing for subscription and maintenance streams
    Lack of single customer repository
      • Finance and sales integration
      • Advanced quote management
      • Cross-sell and up-sell management
    NetSuite Electronic File/Software Delivery Increased Sales Productivity
    High-End Customization without the Headaches Improved Customer Service and Customer Satisfaction
    Features Benefits
    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.

    Connecting with an award-winning and certified NetSuite Partner like inoday can help you enable your company and empower your employees in every corner of your organization. We let you leverage uncompromised ERP solution and let you take a competitive lead with enriched expertise and experience.  

    To drive robust business transformation around your software company, connect with us at info@inoday.com Or Schedule A Demo