Financials
Advanced Billing
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One critical capability eludes many services firms today, flexible billing functionality that supports a myriad of contract terms. Without flexible and powerful billing capabilities, it's difficult to govern how and when you bill clients.
NetSuite's services companies industry solution's advanced billing feature makes contract billing faster, more convenient, and easier to manage. Many businesses invoice clients for a sale over a period of time, or contract term. For example, a client might commit to a fixed fee project billed monthly, or a three-year service contract with quarterly invoices. Keeping track of billing schedules, integrating them into sales forecasting, and managing the invoicing process are all critical steps that present major challenges. Yet companies must meet these challenges to manage cash flow successfully.
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- Advanced billing puts you in full control of your billing schedules by automating and simplifying your processes.
- Eliminate the manual work typically associated with billing clients, reducing errors and saving your company time and money.
- Streamlined contract-management processes mean that clients receive invoices on time, leading to faster payment cycles and better cash flow.
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- Create billing schedules and templates easily and quickly to automate the creation of invoices based on the related contract.
- Billing schedules and templates are highly customizable in order to meet the exact needs of your business.
- Billing schedules indicate what is to be invoiced and when, providing more granular visibility into cash flow from period to period.
- Billing schedules can apply to an entire sales order, or to each item on a sales order.
- Flexible views allow you to see only orders due to be invoiced by a certain date, as well as scheduled billings for a specific order.
- Powerful reporting capabilities provide accurate billing forecasts.
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