Accelerate your order-to-cash process by eliminating manual bottlenecks.
Ensure a smooth flow from quote to approved order with intelligent workflows that automate approvals, pricing, and discounts.
- Automate order validation and quality assurance.
- Establish credit controls.
- Support discount approvals.
- Manage your subscription business.
- Facilitate customer service with a 360-degree view of customers.
Impact on your business
Customer Service Costs: Reduce your service costs through improved speed and accuracy.
Revenue Growth Rate: Easily scale order capacity as business volume increases.
Cycle Time: Decrease turnaround times by eliminating manual processes.
Optimize invoicing across multiple revenue streams.
Automate invoicing for your product, subscription, and service revenues with a single comprehensive solution already integrated into your core financial data.
- Automate the order-to-cash process.
- Generate, deliver, and collect invoices.
- Support invoicing from multiple revenue streams.
- Billing of customer orders
- Project billing
- Usage/consumption billing
- Gather key information with real-time access.
- Integration with revenue recognition.
Business Impact
Cash Conversion: Eliminate billing errors and improve the time between invoice and payment.
DSO: Improve DSO/DBO with controls and transparency.
Revenue Growth: Reduce revenue leakage with a solution that scales quickly.
Record revenue reliably and accurately.
Master complex challenges in revenue recognition with support for current standards and ensure compliance with future regulations and policies.
- Automate complex revenue recognition.
- Flexible scheduling for revenue recognition.
- Comply with existing standards, including:
- Multiple-element revenue arrangements (ASC 605-25).
- Percentage-of-completion accounting (ASC 605-35).
- Preparation for the adoption of ASU 2014-09.
Business Impact
Back-office efficiency: Eliminate spreadsheets and manual effort.
Regulatory compliance: Adhere to applicable accounting standards.
Accrued revenue: Automate revenue recognition schedules and manage accrued revenues.
Accelerate the financial close process.
Close with confidence and produce financial reports quickly and accurately. NetSuite combines extensive accounting features with robust compliance management, eliminating manual reconciliations.
- General ledger
- Accounts receivable
- Accounts payable
- Internal controls
- Regulatory compliance
- Audit trails
- Tax management
Business Impact
Time to close: Close your books quickly and accurately by eliminating manual reconciliations.
Back-office efficiency: Automate the end-to-end financial close process.
Regulatory compliance: Implement controls and enable audit trails.
Fuel your engine for recurring revenue.
Increase your recurring revenue with a powerful engine for subscription and maintenance renewals designed specifically for SaaS and software providers.
- Management of term and evergreen subscriptions
- Management of change orders
- Support for co-termination
- Automation of contract renewals
- Cancellations and terminations
- Support for upsell and cross-sell
Business Impact
Lifetime Customer Value: Increase LTV by automating the renewal process.
Average Revenue per Customer: Leverage upsell and cross-sell to boost ARR/MRR.
Forecasted Revenue: Gain insights into your business drivers to improve forecast accuracy.
Effortlessly expand into international markets.
As your business grows globally, NetSuite OneWorld enables you to seamlessly manage multiple currencies, tax regulations, and reporting requirements while maintaining transparency.
- Global accounting and consolidation
- Comprehensive multi-currency management
- Audit and compliance reporting
- Extensive language support
- Configurable tax engine
- Instant transparency at global and subsidiary levels
Business Impact
Back-office efficiency: Tools for managing multiple currencies ensure accurate reporting at both local and global levels.
Time to close: Eliminate the complexity of managing multiple currencies and close your books faster.
Decision support: Gain unprecedented real-time visibility into your global business.