NetSuite ERP for Consulting Firms

Plan, staff, deliver, and bill every client engagement with one integrated cloud solution. NetSuite ERP gives consulting firms the control they need to finish projects faster and propel business growth.

What is NetSuite ERP for Consulting Firms?

NetSuite ERP for Consulting Firms provides consultancies with a single cloud solution to manage the entire engagement lifecycle, from project estimates and staffing to delivery, revenue recognition, and reporting. NetSuite connects billing, finance, resource management, and back-office systems in real time, helping consulting teams become nimbler and more collaborative.

Collaborate more effectively on projects with NetSuite ERP

Serve clients better

NetSuite replaces manual spreadsheets and disparate back-office tools with one data set shared by the entire company. The result is better alignment among stakeholders, partners, and finance teams so consultancies can delight clients while improving operational efficiency.

NetSuite ERP for Consulting Firms features

Consultants must inspire confidence at every turn. NetSuite blends project delivery and back-office operations, freeing teams to focus on exceeding expectations in every engagement—all the while maximizing revenue and margin.

Global business management

With NetSuite’s ERP and professional services automation (PSA) solutions, consulting firms can easily juggle multiple teams, business units, and legal entities around the world by automating the management of different currencies, tax rules, and reporting requirements.

Integrated financials and accounting

NetSuite ERP integrates accounting, project billing, and resource management with sales and service, giving consulting firms real-time insights into profitability, cash flow, and utilization. Built-in automation minimizes manual errors and strengthens reporting and compliance.

Resource management

NetSuite’s one-step allocation process matches the right people to the right projects using live availability, skills, utilization, and location data, helping consulting firms maximize billable time and deliver projects on schedule.

Automated processes

Automate timesheets, expenses, vendor billing, and journal entries for every project. Accelerate financial closes with prebuilt reports for WIP, unbilled accounts receivable, and days sales outstanding.

Real-time financial management

Role-based dashboards offer instant visibility into performance and revenue leakage, prompting quick adjustments to rates, staffing, and scope. Automated revenue recognition for T&M, milestone, and fixed-fee engagements improves billing accuracy and cash flow.

Order management

NetSuite centralizes project-related orders, billing, and change management; automates approvals; and tracks scope changes in real time. Firms gain clear audit trails and the tools to keep clients informed, prevent scope creep, and minimize billing disputes.

Procurement

NetSuite manages project-specific purchasing, from travel and equipment to subcontractor services, with standardized workflows and automated approvals. Real-time spend tracking helps consulting firms control costs and prevent maverick spending.

Customer relationship management (CRM)

NetSuite provides marketing, sales, and account teams with a single client record spanning contracts, projects, issues, and invoices. Firms gain actionable insights into client satisfaction, net promoter scores, and win/loss trends.

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NetSuite has really helped open our horizons, enable us to go into new business ventures, do new things for our clients, and ultimately be a more operationally efficient company.

Ken Corder, National NetSuite Practice Lead, Centric Consulting

NetSuite ERP for Consulting Firms benefits

Optimize utilization for every engagement. Align pipeline, staffing, and delivery to capture all approved hours and expenses, keeping teams fully billable.
Accelerate cash flow. Automated billing for T&M, milestone, and fixed-fee engagements shortens DSO.
Better revenue forecasting. Automated revenue recognition for each billing model makes revenue more predictable.
Improve project margins. A real-time view of project costs and scope changes lets managers course correct faster to protect profitability without hurting client outcomes.
Standardize operations. Replace manual spreadsheets and duplicate data entry with standardized workflows and approvals that speed back-office work and improve audit readiness.
Achieve scalable growth. Expanding practices or regions without disrupting operations helps maintain consistent controls and consolidate reporting while meeting local compliance needs.

Challenges NetSuite ERP for Consulting Firms solves

Siloed systems. Replace manual reconciliations and scattered spreadsheets with a single system of record for all financial and project data.
Slow reporting. Deliver real-time dashboards and analytics that speed insights and decision-making for managers and teams.
Scope creep. Minimize disputes and revenue leakage with automated billing and structured SOW and project-approval processes.
Unbilled time and expenses. Capture and route every billable charge correctly with mobile timesheets and expenses.
Bench time and overbooking. Use visibility into capacity and skills to balance utilization across teams, entities, and regions.
Complex revenue recognition rules. Automated revenue recognition and audit-ready schedules simplify T&M, fixed-fee, milestone, and subscription billing.
Multi-entity complexity. Standardize global processes, localize tax and reporting, and consolidate quickly to minimize errors and inefficiencies.

SuiteSuccess – Your proven path to success

Leveraging more than 25 years of experience working with tens of thousands of organizations, across all industries and business sizes, our SuiteSuccess customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimize NetSuite to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.

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How much does NetSuite ERP for Consulting Firms cost?

Companies of every size, from prerevenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?

Users subscribe to NetSuite for an annual fee. Your license is made up of three main components: core platform, optional modules, and number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.

NetSuite ERP for Consulting Firms Software is available as an add-on module.

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