I.T. Services
One Integrated Application

I.T. Services

One Integrated Application to Manage Your Wholesale/Distribution Business

With NetSuite Software Company Edition, NetSuite provides the leading cloud-based integrated ERP/financials for software, Software as a Service (Saas) and Web 2.0 companies. Leveraging NetSuite, your software company can manage its entire front- and back-office operations through a single, flexible, powerful business application. Integrating advanced financials, revenue recognition, billing, CRM, ecommerce and more, NetSuite provides a complete on-demand solution tailored to the unique needs of the software industry.

As a software company, NetSuite understands the challenges of managing a global software business across thousands of customers and employees. The NetSuite Software Company Edition features software-specific capabilities that your company needs to address the industry's requirements-evolving revenue recognition rules, recurring revenue management, real-time visibility and more. Unlike on-premise vendors or niche tools that require high maintenance or don't focus on software-specific requirements, NetSuite's solution is built from the cloud up to help your company understand and manage performance and optimize revenue and growth.

Business Challenges

Lack of timely financial reporting

Netsuite Solution: Granular drill down and visibility into cash management

Inefficient financial management Complex revenue recognition Lack of real-time visibility Inefficient recurring revenue management Lack of single customer repository

Why Choose Us?

Global software companies often have multiple subsidiaries, business units and/or legal entities. NetSuite OneWorld allows software companies to manage on a global scale, with capabilities to adjust for currency, taxation and legal compliance differences at the local level, while executing regional and global business consolidation and roll-up. It provides real-time global visibility into sales, service and financial performance and helps ensure consistent, compliant management across the organization.

Renewals Management

Renewal revenue is a critical source of revenue for most software companies and managing and optimizing these revenue streams is critical to their long-term health and success. Yet many companies suffer revenue leakage and customer churn because they rely on cumbersome and inefficient manual processes to manage renewals and account for recurring revenue. The many spreadsheets and organizational handoffs involved introduce costly errors and delays, obscure visibility into the pipeline and rob companies of the opportunity to capitalize on the full potential of contract-based business. In many cases, software companies leave money on the table because they cannot respond quickly enough to expiring customer relationships.

Revenue Recognition

NetSuite supports the latest AICPA, FASB and SEC regulations (including SAB 101, SAB 104, SOP 97-2, EITF 08-01, EITF 09-03 and SOP 81-1). NetSuite accommodates the requirements of EITF 08-01 and EITF 09-03 relating to Estimated Selling Price (ESP), including relative allocation based on ESP. NetSuite also accommodates the requirements of SOP 97-2 and 98-9 relating to Vendor Specific Objective Evidence (VSOE), including the Residual Method and a separate VSOE price for every item. Percent Complete Revenue Recognition allows companies to recognize revenue in conjunction with the completion of a project. NetSuite supports Sarbanes-Oxley compliance and enables you to manage GAAP revenues and billings separately-a critical operation for most software companies.