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NetSuite Educational Organizations Product Features

Real-time Financial Management in the Cloud

Comprehensive Finance and Accounting

  • Gain full visibility into your integrated financials with prebuilt, accounting-intelligent capabilities.

  • Accept and process electronic payments from your customers in a secure and reliable manner.

  • Track, manage and report the book value and depreciation of your company's fixed assets.

  • Close with confidence and report financials quickly and accurately.

  • Ensure proper security, support compliance and gain complete audit trail visibility.

  • Configure and monitor business processes and workflows.

  • Get immediate visibility into financial performance with pre-built or customized reports.

Business Impact

Leverage Information and Insight

Improve performance with real-time metrics and role-based dashboards.

Close with Confidence

Accelerate the financial close while maintain compliance with applicable accounting standards.

Streamline the Back Office

Eliminate errors with automated processes and reduce the reliance on spreadsheets.

Budget, Forecast and Manage

Financial Planning

  • Model and evaluate unlimited "what if" scenarios between actuals and projections and update forecasts as needed.

  • Establish rolling 12-month forecasts and analyze variance between actuals versus project results.

  • Create and consolidate driver-based plans with customized data entry sheets and reusable formulas and allocation methods.

  • Provide self-service and easy-to-use reporting across the organization.

Business Impact

Reduce Planning Cycle Times

Collect inputs and assumptions, review iterations and present consolidated results in a timely manner.

Speed Decision Making

Drill across budget, forecast and actuals to see the impact on performance in real-time.

Align the Organization

Centralize your budget with forecast and actual information in one place, providing a single version of the truth.

Gain a 360-degree view of your constituents

Customer Relationship Management

  • Manage the entire lead-to-cash cycle with a single unified set of tools.

  • Better manage and cultivate important relationships with a 360-view of all constituents.

  • Create target segments for highly focused, personalized upsell and cross-sell campaigns and promotions.

  • Identify and target prospects for highly focused, personalized campaigns, promotions and communications.

  • Establish customized workflows and processes to match the needs of your organization.

  • Track all actions, from intake to closure.

Business Impact

Improve Customer Relationships

A true 360-degree view of the customer, including sales, support cases and financial transactions.

Efficient Accounts Management

Create a holistic view of all accounts and their contacts with related activities in a single view.

Improve Marketing Effectives and ROI

Make more educated decisions about your marketing spend—targeting highest return avenues and donor segments.

Achieve Financial Sustainability and Accelerate the Pledge-to-Payment Cycle

Fundraising and Donor Management

  • Manage the complete donation cycle, from pledge to payment.

  • Accept and process donations online, automate recurring donation schedules and standardize your donation processes.

  • Capture pledges and immediately route to the appropriate development resource for standard or personalized follow-up.

  • Streamline and automate your grants prospecting processes.

  • Automate membership billing, establish flexible billing and payment schedules and manage all transactions and routings with a single solution.

Business Impact

Increase Average Gift Size

Automate the gift-to-cash lifecycle and make giving easy.

Speed Pipeline Velocity

Accelerate the pledge-to-cash cycle.

Improve Billing Accuracy

Boost staff efficiencies and reduce revenue leakage.

Accept Donations and Sell Online

Ecommerce for Educational Organizations

  • Easily create a full-featured, customizable online store that seamlessly integrates with accounting, marketing, order and inventory management.

  • Accept payments from multiple revenue sources, including donor contributions, membership dues, program fees and fundraising events.

  • Accept fixed or variable donations online and allow the donor to choose the amount they want to donate.

  • Easily manage orders from multiple channels, such as online and phone, all in one place.

  • Track and manage end-to-end physical inventory and distribution including shipping, receiving and returns. Track orders door-to-door directly in NetSuite.

Business Impact

Grow Lifetime Value

Get a single cross-channel view of your supporters to provide consistent and personalized service and grow lifetime value.

Engage Your Supporters

Increase user engagement with personalized marketing and promotions.

Increase Average Gift Size

Generate additional sources of revenue with online pledges, donations, dues and sales of goods and services.

Optimize Savings With Better Spend Management

Spend Management

  • Request approval to procure goods and services quickly and easily.

  • Optimize procurement for recurring needs with negotiated terms, tiered pricing, and pre-specified delivery schedules.

  • Enforce compliance with purchasing thresholds and guidelines.

  • From acquisition through payment, automate the complete procurement process for goods and services.

  • Accept a variety of credit and debit card types and other electronic forms of payment for online payment processing needs.

  • Establish budget and spend controls to ensure compliance with policies.

  • Maximize the accuracy and timeliness of your timesheet and expense processes with online self-service tools.

  • Gain real-time visibility into the spending trends across your organization.

Business Impact

Control Spend

Automate the procure-to-pay process and drive greater visibility into spend.

Ensure Compliance

Configure requirements, authorizations and approvals.

Engage Users

Make it easy for users to engage with the system with a simple, intuitive user interface.

Real-time Business Intelligence

Reporting and Analytics

  • Ensure compliance and accommodate requirements with easy and timely customized reporting.

  • Create reports and dashboards that combine operational and financial data and KPI's.

  • Analyze statistical measures and results for each department, location, funder/donor and more.

  • Gain instant, real-time visibility for all key stakeholders, from high level summaries down to the underlying transactions.

  • Ensure compliance and minimize risk with robust security, segregation of duties and fully auditable business processes.

Business Impact

Improve Insight

Get real-time transparency into company performance across all business functions—from summary level to transaction level.

Achieve a Single Version of the Truth

Keep all data in a single source, providing a single version of the truth.

Global Business Management

NetSuite OneWorld

  • Adjust for currency, taxation and legal compliance differences at the local level, with regional and global business consolidation and rollup.

  • Global CRM provides visibility into every aspect of your multinational organization, even with multiple languages and currencies, including forecasts and campaigns.

  • Manage inventory and fulfillment across multiple locations.

  • Run multi-store / multi-country / multi-site ecommerce with country-specific web stores and websites managed from a single NetSuite account.

Business Impact

Achieve Efficiencies

Manage your entire global operations on a single unified platform.

Speed Financial Close

Significantly reduce time to close with real-time management and financial automation capabilities.

Improve Visibility

Access insight across the hierarchy of subsidiaries with role-based dashboards.

NetSuite Educational Organizations Customer Stories

School of Rock Adds Locations, Closes Books 32% Faster and Eliminates Complexity With NetSuite OneWorld

Continuing Education Program at Swiss Universities Drives Enrollments and Efficiency with NetSuite CRM and Marketing

Digital Education Company Gives NetSuite High Marks After Double-Digit Growth

Free and Quality Education Transforming the Lives of Over 1500 Vulnerable Children