Revenue Management
Deferred Revenue & Forecasted Reporting
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Many software companies rely on Microsoft Excel not only to calculate revenue recognition, but also to generate their revenue reports. But this approach presents numerous problems, including spreadsheet complexity, compromised data integrity, and lack of continuity with the primary accounting system. Even when companies opt for high-end, highly expensive, standalone revenue-management solutions, such as Softrax, they find that integration is a costly and time-consuming proposition.
By contrast, NetSuite's software industry solution is a fully integrated application, which ties together all your critical business data. With NetSuite's revenue management software, companies get forecasts on all the revenue that has yet to be recognized, as well as revenue that has been deferred with up-to-the-minute accuracy.
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- Easy access to detailed historical and future views of both deferred and recognized revenue leads to smarter, better and more accurate business planning.
- A single system of record results in better data accuracy and a better audit trail.
- Employees enter financial data only once, reducing data-entry errors and eliminating the need to maintain multiple systems and databases.
- With full visibility into your company's revenue, you can project your true financial position, including sales, cash flow and revenue—all within one system.
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- Deferred revenue reports deliver detailed data on what revenue has posted.
- Revenue forecasts indicate what revenue is scheduled to be recognized and when.
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