Financials Management Specific for IT Resellers
Financials are complex in any industry and they can prove a particular challenge for businesses that sell both products and services. With NetSuite modules for advanced billing and advanced project accounting, sophisticated, compliant financial management is ensured — and still easy to use and manage. NetSuite automates complex billing schedules and gives you complete visibility into future billings and cash flow. Once contract terms are set up in NetSuite, invoices are automatically created based on those terms.
Few financial packages provide these tools, forcing companies to manage these complexities offline in spreadsheets or in third party standalone packages. With NetSuite you have one financial system that manages accounting and complex billing — so there is no more duplicate entry.
Key features include:
- Advanced billing
- Revenue recognition based on time and / or milestones
- Deferred revenue management
- Pricing
- Revenue forecasting
- Multiple budgets
- GAAP & regulatory compliance
- Complete financials foundation
- Complete Procure-to-Pay purchasing
- Advanced financials
- Totally automated Contract-to-Cash Processes
- Project revenue forecasting
- Cost allocation to projects
- Contractor self-service portal for time entry
- Improved project management and flexible project profitability
- Time & expense custom workflows and routing
- Streamlined time & expense entry
