World-Class Cloud ERP for Services Businesses

Drive Your Services Organisation's Back Office with Cloud ERP Software

NetSuite Cloud ERP streamlines all back-office processes, including accounting, revenue recognition, planning, reporting and more. NetSuite is the world's #1 Cloud ERP solution used by over 16,000 organisations and subsidiaries globally, accelerating financial close processes, improving employee efficiency and collaboration, and streamlining regulatory reporting.

Benefits

  • Streamlines back-office operations across financial management, budgeting, client invoicing, revenue recognition and more
  • Increases visibility with real-time financial and operational information

Benefits experienced by professional services organisations using NetSuite include:

  • 50%-100% faster end of month closing of the books processes
  • 75% reductions in accounts receivable cycles
  • 50% reduction in reporting cycles
  • 50% reduction in time and revenue spent on external auditors
  • 40%-50% reduction in IT spending vs. on-premise systems
  • 35% increase in client satisfaction rates
  • 20%-25% increase in timeliness of invoicing cycles
  • 15%-20% increase in billable hours per consultant
  • 10% increase in overall staff productivity

Source: Nucleus Research's Research Note, "NetSuite's Impact on Professional Services Firms"

Key Features

  • Comprehensive, proven financial management
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      • Real-time web-based management of general ledger, payables and receivables, customer contracts, fixed assets, financial planning and more
      • Speeds period-end close process, with period close management, automated allocations and currency management tools
      • Complete multi-currency and multi-subsidiary management eliminates manual consolidation processes
      • Tracks and manages all vendors, accounts payable, approvals and matching
      • Automates invoicing and collections processes, with multiple payment options
      • Detailed, always-on audit trail improves compliance processes
      • Supports project accounting and reporting on project financials and profitability

  • Real-time budgeting, analytics and reporting
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      • Instant financial visibility through role-based dashboards, reports and analytics
      • 100+ standard reports, including income statements, balance sheets, consolidated reports, variance reports and side-by-side comparisons—ideal for internal or external reporting
      • Collaborative budgeting and planning, scenarios and what-if? analysis

  • Flexible revenue recognition management
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      • Full support for all key revenue recognition standards including AICPA, FASB and SEC regulations (including SOP 81-1, SAB 101, EITF 00-21, EITF 08-01 and EITF 09-03)
      • Supports revenue recognition schedules for all sales transactions, including sophisticated schedules such as percentage-based completion

  • Improves employee management and self-service
    with human capital management

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      • Web-based employee self-service includes time sheets, expense reports and purchase orders management
      • Workflow management ensures strong approval processes and controls
      • Integrated payroll management services, streamlines filings and deposits across federal, state and local jurisdictions


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