Why NetSuite ERP for SaaS, Subscription, and Technology Companies
Streamline. Increase finance efficiency and accuracy by automating key business processes.
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NetSuite ERP Features for SaaS, Subscription, and Technology Companies
Improve Your Order-to-Cash Process
Establish an efficient flow from sales quote to approved order to recognized revenue with workflows enhanced with AI that help automate approvals, pricing, and discounting. NetSuite helps you:
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Automate, strengthen, and segregate controls across operations, accounting, and finance.
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Use NetSuite CRM or integrate with leading CRMs to access real-time data for forecasts and reporting.
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Manage all subscriptions, including hybrid subscriptions that span products and services, in one place.
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Facilitate customer service with a 360-degree view of customers.
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Use AI to help efficiently create product descriptions.
Business Impact
Lower Administrative Costs
Use native or integrated CRM to increase automation and boost speed and accuracy of service.
Increase Revenue Growth Rate
Automate the renewals process to increase customer lifetime value. Capitalize on upsell and cross-sell opportunities.
Speed Up Sales Cycles
Eliminate manual processes, simplify workflows, and take advantage of CRM integrations.
Unify Billing Across Multiple Revenue Streams
Automate billing across product, subscription, and services revenue streams with a solution tightly integrated with core financials and accounting. NetSuite helps you:
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Automate the order-to-cash process.
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Generate, send, and collect on invoices.
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Communicate with customers efficiently.
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Enhance the customer experience with easy bill payments.
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Manage billing from multiple revenue streams.
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Simplify billing that includes upsells and cross-sells.
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Manage complex scenarios such as billing combined and decoupled from revenue recognition.
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Automate contract renewals.
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Support term and evergreen subscription management and co-termination.
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Process terminations and cancellations.
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Automate change order management.
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Localize billing and financials across the globe.
Business Impact
Expedite Cash Conversion
Reduce billing errors, shorten invoice-to-payment cycle, and forecast cash with native reporting.
Reduce Days Sales Outstanding
Improve DSO/DBO with controls, visibility, and enhanced collection workflows.
Boost Revenue
Reduce revenue leakage with a flexible solution that scales rapidly and globally.
Accurately and Confidently Recognize Revenue
Solve complex revenue recognition challenges and ease compliance with evolving rules and guidelines. NetSuite helps you:
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Comply with revenue recognition standards (ASC 606, IFRS 15).
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Automate complex revenue recognition scenarios.
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Support flexible revenue recognition schedules.
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Consolidate revenue recognition, billing, and contracts in one system.
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Manage contracts with multiple performance obligations.
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Choose from numerous revenue recognition options, such as ratable, prorated, even period, milestone completion, percent complete, delayed activations, and more.
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Support flexible allocation methodologies for standalone selling price (SSP) management.
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Report deferred revenue forecasting, revenue forecast, deferred revenue rollforward, backlog management for ASC 606 compliance.
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Automate deferred revenue reclass.
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Manage multiple revenue books (ASC 606, IFRS 15) side by side.
Business Impact
Improve Back-Office Efficiency
Eliminate spreadsheets and manual work by managing all aspects of revenue recognition in one place.
Ease Compliance Concerns
Maintain compliance with applicable accounting standards. Manage disclosures with native reporting functionality.
Manage Deferred Revenue
Automate revenue recognition schedules and handle deferred revenue appropriately.
Accelerate the Financial Close
Close with confidence and report financials quickly and accurately. NetSuite combines rich accounting functionality with compliance management that eliminates manual reconciliation. NetSuite helps you manage:
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Automatically process and post transactions to the general ledger for more efficient, accurate processing and billing.
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Autogenerate and manage fixed assets and purchase orders, with automated three-way matching to confirm the accuracy of bills before payment.
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Keep a comprehensive, centralized general ledger with prepaids, expense allocations, and memorized journal entries, which becomes the basis for statistical and budget-to-actual reporting.
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Manage all subscriptions and automate revenue recognition rules in a single system.
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Automate consolidations, support multiple books with different standards (US GAAP, IFRS, statutory reporting), and better manage complex domestic and international taxes.
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Strengthen internal and audit controls and compliance with built-in access controls and granular audit trails.
Business Impact
Reduce Time to Close
Eliminate manual reconciliations and processes for greater speed and accuracy. With continuous close, you can start your month with critical information and insights instead of focusing on closing the previous month.
Increase Back-Office Efficiency
Automate the end-to-end financial close process so your business is ready to scale.
Simplify Compliance Management
Establish stronger controls with always-on audit trails.
Expand Internationally with Confidence
Seamlessly manage multiple currencies and languages, tax rules, and reporting requirements while maintaining visibility with NetSuite OneWorld. NetSuite helps you:
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Consolidate domestic and global accounts in real time.
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Close subsidiaries together or separately.
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Close multiple accounting books together or separately.
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Manage localization and statutory reporting.
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Transact in 190 currencies and simplify multicurrency management.
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Manage unrealized/realized gain or loss.
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Eliminate and reconcile intercompany transactions across multiple subsidiaries.
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Produce cumulative translation adjustment (CTA) reports.
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Track audit and compliance reporting.
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Support employees and customers in 27 languages.
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Calculate domestic and international taxes with a configurable tax engine.
Business Impact
Greater Back-Office Efficiency
Multicurrency management tools improve reporting accuracy. NetSuite’s multilanguage options support customers’ and employees’ needs across the globe.
Faster Time to Close
Eliminate the complexity of managing multiple currencies and accounting books. Continuous consolidation allows for real-time tracking of financials throughout the period.
Better Decision Support
Get real-time visibility into your global business that reflects multiple accounting standards. Use this visibility and the system’s flexibility to adapt quickly and prevent period-end surprises.
Automatically Track Key Numbers
Track critical SaaS metrics for your business and leverage AI and CRM data to help take your reporting to new heights. NetSuite helps you:
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Measure key revenue numbers such as annual recurring revenue and monthly recurring revenue by customer, product, subsidiary, and more; ARR/MRR rollforward; committed recurring revenue; and MRR bridge.
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Monitor crucial customer metrics including customer lifetime value (LTV), annual contract value (ACV), customer acquisition cost (CAC), and various aspects of churn.
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Forecast future pipeline based on data from your ERP and CRM.
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Configure metrics to the exact needs of your company.
Business Impact
Drive Value from AI
Use AI in NetSuite Analytics Warehouse to provide visualizations, narrative reports, and deeper insights about SaaS metrics. Use AI to power more accurate forecasts faster.
Forecast Value
Connect your CRM and ERP data for a combined view of forecasted revenue and pipeline.
Eliminate Time-Consuming Reporting
SaaS metrics automatically update based on the latest data so you always have the latest information and insights.
NetSuite Software and Technology Customer Stories
Resources

Data Sheet
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