Why NetSuite

Scale. Trust the foundation powering today’s fastest growing companies from startup to IPO and beyond.

Streamline. Increase finance efficiency and accuracy through automation of key business processes.

Modernise. A solution that fosters innovation within your organisation. Easy to use and accessible anytime, anywhere.

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NetSuite for Software & High Tech Companies

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NetSuite Software and Technology Product Features

Jump-start Your Order-to-Cash Process by Eliminating Manual Bottlenecks

Establish a smooth flow from sales quote to approved order with intelligent workflows that automate approvals, pricing and discounting.

  • 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.

Business Impact

Cost to Serve

Reduce your cost to serve with improved speed and accuracy.

Revenue Growth Rate

Easily scale order capacity as your business grows.

Cycle Time

Drive down cycle times by eliminating manual processes.

Streamline Billing Across Multiple Revenue Streams

Automate billing across your product, subscription and services revenue streams with the only comprehensive billing solution pre-integrated with core financials.

  • Automate the order-to-cash process.

  • Generate, transmit and collect invoices.

  • Support for billing from multiple revenue streams.

    • Sales order billing

    • Project billing

    • Usage/consumption billing

  • Collect key information with real-time access.

  • Integration with revenue recognition.

Business Impact

Cash Conversion

Eliminate billing errors and improve invoice to payment cycle time.

DSO

Improve DSO/DBO with controls and visibility.

Revenue Growth

Reduce revenue leakage with a solution that scales rapidly.

Recognise Revenue with Confidence and Accuracy

Solve complex revenue recognition challenges with support for current standards and be prepared to comply with evolving rules and guidelines.

  • Automate complex revenue recognition.

  • Flexible revenue recognition scheduling.

  • Comply with existing standards

Business Impact

Back Office Efficiency

Eliminate spreadsheets and manual work efforts.

Compliance

Maintain compliance with applicable accounting standards.

Deferred Revenue

Automate revenue recognition schedules and manage deferred revenue.

Accelerate the Financial Close Process

Close with confidence and report financials quickly and accurately. NetSuite combines rich accounting functionality with strong compliance management that eliminates the need for manual reconciliations.

  • General ledger

  • Accounts receivables

  • Accounts payable

  • Internal controls

  • Compliance

  • Audit trails

  • Tax management

Business Impact

Time to Close

Close the books with speed and accuracy by eliminating manual reconciliations.

Back Office Efficiency

Automate the end-to-end financial close process.

Compliance

Establish controls and enable audit trails.

Feed Your Recurring Revenue Engine

Grow recurring revenue streams with a powerful subscription and maintenance renewals engine designed for SaaS and perpetual license software providers.

  • Term and evergreen subscription management

  • Change order management

  • Support for co-termination

  • Contract renewal automation

  • Termination and cancellations

  • Support for upsell and cross-sell

Business Impact

Customer Lifetime Value

Increase LTV by automating the renewals process.

Average Customer Revenue

Capitalise on upsell and cross-sell to grow ARR/MRR.

Forecasted Revenue

Gain insights into the drivers of your business to improve forecast accuracy.

Effortlessly Expand to International Markets

As your business grows globally, seamlessly enable management of multiple currencies, tax rules, and reporting requirements while maintaining visibility with NetSuite OneWorld.

  • Global accounting and consolidation

  • Comprehensive multicurrency management

  • Audit and compliance reporting

  • Comprehensive language support

  • Configurable tax engine

  • Instant visibility at the global and subsidiary level

Business Impact

Back Office Efficiency

Multi-currency management tools ensure reporting accuracy locally and globally.

Time to Close

Eliminate the complexity of managing multiple currencies and close the books faster.

Decision Support

Get unprecedented visibility of your business worldwide in real time.

NetSuite Software and Technology Customer Stories

SYPAQ Speeds Month-End Close, Gets Paid Faster, Fuels Growth on NetSuite OneWorld and OpenAir

Harcourts Flips Approach to Financial Operations

JLT Australia Consultancy Practice Boosts Productivity by 20% with NetSuite OpenAir

Cigniti Achieves 5x Faster Billing, Automates Multi-Subsidiary Consolidation With NetSuite OneWorld and OpenAir