Projects

Summary

NetSuite’s Professional Services Automation (PSA) solution, SuiteProjects, provides a comprehensive, end-to-end PSA system that supports a service business from top to bottom with a single, Cloud-based suite.

From project and resource management to time and expense tracking, project accounting, billing and invoicing, SuiteProjects helps organisations to complete projects quickly and profitably, to generate invoices accurately and efficiently and to shrink accounts receivable cycles.

Features

Project Management, Resource Management, Project Costing, Timesheet and Expense Management, Project Delivery and Billing.

NetSuite SRP quickly generates tangible results, while driving down bench time, increasing resource utilisation, elevating on-time project delivery, improving invoicing accuracy, streamlining revenue recognition, reducing overhead, expediting billing cycles and increasing visibility within your service organisation.

NetSuite SRP’s Professional Services Automation feature includes:

• resource management and forecasting for complete visibility into resource utilisation
• project costing, budgeting and profitability reporting, in order to determine your true cost of doing business
• sophisticated project accounting
• a powerful billing rules engine to support complex client billing
• collaborative project management, in order to proactively identify and resolve issues
• simple and easy timesheet management, which is directly integrated with project management and billing
• easy and flexible expense management, in order to maximise accuracy and timelines
• powerful, intuitive and configurable dashboards and key metrics reporting

Financial Management and Forecasting

NetSuite Financials provides comprehensive, proven financial/ERP capabilities that integrate with your back-office, sales and project-delivery processes:

• Powerful reporting, budgeting and planning features to monitor and manage financial performance, optimise cash management, reporting, analysis and allocation in real time.
• Revenue recognition automates and supports the revenue-recognition process and standards.
• Flexible bid-to-bill and recurring billing management automates billing, invoicing and complex recurring, time-based and project-based billing.
• Integrated and automated contract renewal reduces costs, revenue leakage and customer churn.

Key Advantages

• Streamline operations and drive profitability by optimising the entire service business lifecycle.
  Faster project completion, better use of resources and more accurate and efficient invoices.
• Increase visibility across your business, including forecasts, resources, projects and KPIs.
• Support the way your services teams work and enable productivity with anytime, anywhere web and mobile access.
• Gain real-time, global business management and financial consolidation.