Professional Services Automation
Time, Expenses, & Billing
|
 |
|
Even within the most sophisticated professional services organizations, there is often no true electronic routing system to handle time, expenses and billing. Instead, consultants enter data into spreadsheets; accountants re-enter data into another system to create an invoice; and all the while, project managers have no access till they see the actual invoice. Yet this manual process creates the potential for data entry errors, wasted time as well as inaccurate billing.
Hectic travel schedules often mean that expense reporting is an afterthought for many consultants. Moreover, employees struggle to generate expense reports on time, and supervisors find it challenging to review and approve them promptly.
NetSuite software for services companies eliminates the hassle traditionally associated with expense reporting. Now, both on-site and remote workers can file standardized expense reports online, and supervisors can review and approve them in the same way. As a result, you accelerate the expense reporting and payment process throughout your company.
NetSuite provides one, fully integrated time billing software system that handles time, expenses and billing automatically. Each user can enter time and expenses, or purchase materials for a project, via a role-based view. And since approval routing is automated, companies can shorten the time it takes to generate an invoice. Moreover, management receives standardized reports to see budgets versus actual spending, unbilled time, unbilled cost, as well as billable time by item, consultant, or customer.
|
- Boost employee morale by ensuring that expenses are reviewed, approved and paid promptly.
- Standardized expense reports make it easier for you to process and track costs. As a result, costs are reflected in current profit and loss statements, giving you a clearer picture of your financial position.
- Online self-service means that employees can check the status of expense reports day or night—without burdening your accounting staff.
- A fully integrated system improves internal efficiency and keeps project budgets on track.
- Since information is keyed in only once, companies can reduce errors and improve data integrity.
- Accessing all customer data in a single system helps you know—and serve—your customers better, leading to stronger, more profitable relationships.
|
|
|
|
- Employees submit expense reports online via a standardized format, making it easier for accounting, management and other parties to assess expenses.
- Supervisors receive reminders as expense reports are filed; once approved, expense reports are automatically processed and paid.
- Employees can check the status of their expense reports online and in real time.
- Support for multiple currencies means that expenses are paid in the currency in which they were incurred (Canadian dollars, for example). NetSuite's professional services solution also supports multiple currencies within a single report.
- Eliminate data re-entry and reduce errors.
- Record all the time spent on cases, tasks, and events.
- View and approve the time your team spent per case.
- Route billing information automatically to accounts receivables.
- E-mail, print, or fax invoices directly from the system to the client.
- Provide a full audit trail of all approvals.
- Generate comparison reports on projects or clients.
|
|
|
|
