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What is NetSuite Energy ERP Software?

Energy ERP software lets energy companies manage billing, budgeting, forecasting, finance, equipment, and compliance from one suite. With real-time visibility into their operations, energy companies can automate crucial tasks, such as financial and regulatory reporting, and better manage network infrastructure. Built for adaptability, NetSuite Energy ERP software is cloud-based and supports integrated systems, remote teams, and fast-changing regulatory landscapes—all essential to running a successful energy business.

Supercharge back-office visibility and performance

Power your operations

NetSuite Energy ERP delivers industry-specific functionality for today’s energy companies, from advanced billing and forecasting engines to compliance automation, freeing staff to serve customers and drive sustainable growth.

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NetSuite Energy ERP features

Faced with rising demand, aging infrastructure, and regulatory complexity, energy companies must maintain the highest levels of reliability, governance, and financial control. NetSuite Energy ERP offers key features to help businesses meet these demands.

Accounting software

Automate complex journal entries and regulatory tracking with built-in support for Federal Energy Regulatory Commission accounting requirements, deferred revenue, and infrastructure capitalization.

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Financial management

NetSuite Energy ERP delivers real-time insights into profitability, rate structures, and cost allocation for every business unit, project, and subsidiary.

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Global business management

Manage your operations across multiple territories, currencies, and compliance mandates as your business expands.

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Budgeting and forecasting

Plan, budget, and forecast with agility across diverse energy portfolios. NetSuite’s advanced enterprise planning and reporting tools help finance leaders model market shifts, manage grants and funding allocations, consolidate entities, and meet regulatory requirements.

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Billing

Handle tiered rates, time-of-use pricing, and demand charges within a single system using NetSuite’s advanced rating engines and automated bill generation.

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Revenue recognition

Stay audit-ready with automated recognition for bundled contracts and performance obligations under ASC 606 and IFRS 15 regulations.

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Inventory management

Track transformers, meters, and other network infrastructure assets with serialized inventory and comprehensive maintenance histories.

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Order management

NetSuite Energy ERP simplifies intercompany orders, service dispatch, and asset replacements with flexible workflows built specifically for energy company operations.

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Procurement

Optimize purchasing with automated approvals that align with your capital plans and help teams manage their spend and monitor vendor performance.

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Compliance management

NetSuite Energy ERP takes the stress out of regulatory reporting with built-in formats, audit trails, and access controls that support industry regulations and grant-funded project reporting.

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Learn how ERP can improve your
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NetSuite provides real-time data on profitability during lengthy projects, which means I can adjust future pricing models for impact. That’s given me a leg up on our competition.

Evan Vana, Chief Operating Officer, New England Clean Energy

NetSuite Energy ERP Software benefits

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  • Accelerate cash flow. NetSuite Energy ERP supports flexible billing schedules, recurring payments, and digital payment methods to speed up collections and minimize days sales outstanding.
  • Reduce operating costs and complexity. APIs connect and automate back-office processes, such as metering, invoice approvals, and reconciliation, thereby avoiding data handoffs and resource strain.
  • Enhance cross-function visibility. Empower finance, operations, and IT teams with real-time data dashboards. Improve performance by tracking role-based key performance indicators and adjusting strategies quickly.
  • Promote accurate billing. NetSuite Energy ERP’s automated billing and recognition slashes revenue cycle times and supports accurate forecasting.
  • Improve compliance. Stay on top of industry regulations, such as ASC 606 and IFRS 15, and grant reporting requirements with NetSuite Energy ERP’s multibook accounting and detailed audit trails.
  • Scale confidently. NetSuite's modular architecture evolves with energy companies as they grow. Add new business units, infrastructure assets, or geographies without replatforming.

Challenges NetSuite Energy ERP Software solves

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  • Siloed systems and data. Unify financials, billing, and asset management on one platform to eliminate manual reconciliations and fragmented workflows.
  • Complex billing operations. Cut down on errors and speed invoicing with automated tiered, time-of-use, and demand-based billing structures.
  • Sluggish cash flow. Accelerate billing cycles, enable electronic payments, and automate reminders to improve revenue collection.
  • Compliance pressures. NetSuite Energy ERP’s prebuilt reports, audit trails, and accounting frameworks are tailor-made for energy industry standards, helping businesses meet regulatory mandates with confidence.
  • Integration headaches. An API-first platform connects CIS, AMI, SCADA, and GIS systems to provide back-office stakeholders and field workers with real-time, synchronized data to inform decision-making.
  • Asset visibility gaps. Centralize asset tracking at all sites to support preventive maintenance, project planning, and capital investment decisions.

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 Energy ERP Software 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 license 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 Energy ERP Software is available as an add-on module.

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