NetSuite ERP for Software and Fintech Companies
Empower your operations with a solid and scalable back-office solution perfectly fitting to fuel your growth and enable international expansion. Specializing in finance and accounting, we bridge gaps with automation, data-driven insights, and seamless Order to Cash processes integration with NetSuite and best of breed CRM or BI/EPM solutions like Salesforce, PowerBI or Pigment.
Key Challenges for Software Companies
Subscription-Based Models Becoming More Sophisticated
Despite global and economic uncertainties continuing into 2024, total software revenue is expected to grow more than 10% annually through 2027. SaaS is the dominant software delivery model. Economic uncertainty has made software buyers exceptionally price-sensitive, seeking personalized subscriptions that encompass their ever-evolving preferences. In 2024, delivering an exceptional customer experience, characterized by personalization, seamless payments, and AI-optimized churn management, is crucial for software businesses. To meet these evolving buyer expectations, having flexible technology is essential. Here’s how Novutech leverages NetSuite and other top-tier billing solutions to help software businesses achieve this:
- NetSuite Core: Utilizing the flexibility of NetSuite, we define comprehensive billing logics, managing it in NetSuite via SuiteBilling or ZoneBilling depending on your subscription model, pricing logic or business model complexity.
- Best-of-breed Billing Solutions: When your tech stack already incorporates a dedicated billing tool like Zuora, Chargebee or Salesforce/SFDC (CPQ or not), we seamlessly integrate it with NetSuite thanks to numerous successful integrations and previous experiences.
- Payment and PSP providers integration: When it comes to Paypal, Stripe, Adyen or other PSP providers, we integrate core NetSuite billing solutions or dedicated billing tools and NetSuite with PSP to reconcile customer positions with bank statements and money collection straight into NetSuite.
"75% of software companies are expected to transition to subscription-based models by 2023"
[Source Name]
Leveraging Data for Strategic Financial Management and Reporting
Software companies require comprehensive and real-time data to make informed financial decisions, particularly in managing complex revenue streams. Inadequate data and reporting can jeopardize business success and prevent companies from realizing their full potential. Emphasizing the importance of Revenue Management, Novutech helps align your financial operations with standards like IFRS15 and ASC606, ensuring precision and compliance in revenue recognition practices through the Advanced Revenue Management (ARM) module in NetSuite. Advanced Analytics modules and tools are fully standard integrated with NetSuite to gain actional insights and drive continuous improvement.
- Revenue Management: Aligning financial operations with IFRS15 and ASC606 standards ensures precision and compliance in revenue recognition practices.
- Data Integration and Reporting: With NetSuite SuiteAnalytics Warehouse, Tableau, or PowerBI, we provide robust data analytics and reporting capabilities, ensuring you have the insights needed to drive growth.
- Financial Planning / EPM: Leveraging tools like Pigment or Anaplan for financial planning, we ensure your revenue forecasts and financial strategies are data-driven and precise.
Novutech provides expertise around those key competencies and has proven experience in BI or EPM tools.
"Navigating through complex revenue recognition frameworks is critical for SaaS companies to sustain growth and ensure financial accuracy under evolving global standards"
Financial Standards Agency
Robust and Flexible Order to Cash Automation with Salesforce Integration
Effective management of the Order to Cash process is crucial for software companies aiming for streamlined and scalable operations. Integrating Salesforce with NetSuite ensures a seamless flow from order management to revenue recognition and invoicing. Our expertise in Order to Cash automation positions Novutech as the pure player for SaaS and fintech companies. We offer a solution-agnostic approach, integrating the best tools available to optimize your processes.
- Order Management: Starting with Salesforce or other CRM solutions, we ensure a streamlined order entry and management process.
- Billing integration: Whether it's Salesforce, Zuora, Chargebee, MonetizeNow, Dealhub (for CPQ), or Maxio, we combine the best of all worlds to deliver a seamless Order-to-cash process within NetSuite.
Adaptable approach: whether you would like to keep your current CRM or billing solution and integrate it with NetSuite, or go with a complete process from CRM to billing to AR and financials, Novutech is your #1 business partner to advise you on best practices and choose the wise choice to streamline your operations!
"90% of growing businesses report challenges in maintaining operational efficiency with existing systems"
Market Research Firm
The Novutech Advantage
At Novutech, we understand the unique challenges faced by SaaS and fintech companies. With a team of certified consultants specializing in Salesforce, NetSuite, Pigment, iPaas (like Celigo or Workato) and other BI solutions, we are uniquely positioned to help you navigate the evolving software industry landscape.
Our approach integrates best-of-breed solutions across CRM, ERP, and Business Intelligence and Planning to provide a comprehensive and cohesive business strategy and strong implementation or optimization capabilities.
Why Choose Novutech?
Certified Expertise
Our consultants are certified in leading technologies, ensuring that you receive knowledgeable and professional service.
Integrated Solutions
We offer a seamless integration of CRM, ERP, and BI solutions, delivering a unified platform that enhances operational efficiency and business intelligence through integrations
Finance and Accounting Specialization
We focus on bridging gaps in finance and accounting with advanced automation and data-driven insights, ensuring precise financial management and compliance.
Order to Cash Mastery
Our deep expertise in Order to Cash processes, integrated with Salesforce, ensures optimized workflows from order management to revenue recognition, enhancing cash flow and business agility.
Scalability and Security
Our solutions are designed to be scalable and secure, supporting your business growth while maintaining robust data protection and compliance standards.
Your Strategic Advantage
By partnering with Novutech, you are not just adopting a technology solution; you are gaining a strategic partner dedicated to helping your business thrive. Empower your business to reach its full potential with Novutech's expert solutions.
Real Success Stories: Novutech in Action Across Europe
Dive into the experiences of SaaS companies that have partnered with Novutech to navigate the unique challenges of the European market. These success stories showcase the transformative impact of our solutions, emphasizing the practical benefits and real results achieved.
Customer Testimonials & Case Studies:
Optimize Your Tech Stack with Novutech
In the rapidly evolving SaaS landscape, selecting the right partner to navigate growth, scalability, and operational efficiency isn't just important—it's essential. Novutech stands out as the partner of choice for SaaS companies, and here's why:
Tailored Solutions for SaaS Growth
At Novutech, we don't believe in one-size-fits-all. We understand that SaaS companies face unique challenges, from managing sophisticated subscription models to scaling across borders. We rely on the best tools out there from Salesforce to NetSuite to meet your specific needs, ensuring that your business not only grows but thrives with a solution-agnostic approach including NetSuite SuiteBilling, ZoneBilling, or external 3rd party applications like Zuora, Chargebee, or DealHub for CRM, CPQ or subscription management capabilities.
A Partnership That Understands Scalability
Growth is the goal, but scalable, sustainable growth is the gold standard. Novutech excels in scaling alongside your business, ensuring that the solutions we implement today remain robust and relevant, no matter how much your company grows. Our success stories span across Europe, each highlighting our ability to adapt solutions in real-time to the changing needs of a growing SaaS company. With expertise in tools like Pigment for financial planning and Tableau or PowerBI for advanced analytics, we ensure your tech stack is optimized for success with powerful reporting.
Commitment to Your Success
Our relationship with clients goes beyond mere transactions. We see ourselves as your strategic partner, vested in your success. From initial consultation to ongoing support, Novutech is committed to ensuring your business achieves its fullest potential. We leverage NetSuite’s comprehensive features, including seamless Order to Cash processes integrated with Salesforce, to streamline operations, enhance decision-making, and improve customer satisfaction. Transparency and trust are at the core of our client relationships, ensuring there are no surprises, only measurable outcomes.
Local Expertise, Global Reach
Navigating the complexities of European markets requires a partner who not only understands local regulations and market dynamics but can also facilitate seamless global expansion. Novutech’s European roots (with local offices across Europe), combined with our global perspective, make us uniquely positioned to support SaaS companies looking to grow both within Europe and worldwide.
Choosing Novutech means partnering with a team that’s as invested in your success as you are. With Novutech, you're not just getting one software solution; you're gaining a partner ready to propel your SaaS company into its next chapter of growth and innovation.
Your Success Is Our Mission
Choosing Novutech means partnering with a team that’s as invested in your success as you are. With Novutech, you're not just getting one software solution; you're gaining a partner ready to propel your SaaS company into its next chapter of growth and innovation.
NetSuite & Novutech: Revolutionizing SaaS Success
In the ever-evolving world of SaaS, agility, integration, and insights aren't just nice to have—they're critical for survival and growth. Novutech's deep understanding of these needs positions us uniquely in the marketplace, offering more than just a software solution. We deliver a strategic advantage. Here's how:
Integrated Business Operations: A Unified Solution
Beyond mere integration, Novutech crafts NetSuite solutions that act as the central nervous system for SaaS companies. Our approach eliminates the silos that stifle growth, ensuring seamless operations from CRM to ERP to financials.
Scalability and Global Expansion Made Simple
Scalability is at the core of NetSuite, and at Novutech, we specialize in unlocking its full potential. We understand the unique scaling challenges SaaS companies face, from managing subscription models to entering new international markets with ease.
Revolutionary Revenue Recognition and Financial Management
Novutech takes NetSuite's robust financial management capabilities and tailors them for the complex revenue streams of SaaS businesses. From automated billing with SuiteBilling to intricate revenue recognition, we ensure compliance and accuracy.
Data-Driven Decisions with Advanced Analytics
NetSuite's analytics and reporting capabilities offer real-time insights into every aspect of your business. Novutech enhances this with tailored dashboards and analytics, designed to give SaaS leaders the information they need to make informed decisions.
Accelerating Your Market Presence
With NetSuite, agility is a given. Novutech’s implementation focuses on accelerating your product’s time to market, adapting swiftly to new business models and payment methods, keeping you competitive in a fast-paced industry.
Key Metrics Monitored Closely
MRR, Churn Rate, CAC, CLTV, ARPU, and more are not just acronyms but vital signs of your business health. Novutech sets up NetSuite to keep these metrics front and center, ensuring you have the pulse of your business at your fingertips.
Your Strategic Advantage
Choosing Novutech for your NetSuite implementation means more than just accessing the best tools in the industry. It means partnering with a team that understands the SaaS landscape intimately and knows how to leverage NetSuite to drive your success. With Novutech, you're not just prepared for the future; you're shaping it.
Novutech's Expertise and Services: Pioneering SaaS Success withNetSuite
At Novutech, our mission is to transform your SaaS operations through unmatched NetSuite expertise and a partnership that extends far beyond implementation. Here’s why Novutech stands as the premier partner for your NetSuite needs:
A Partnership Built on Expertise and Trust
Our team is not just a group of NetSuite specialists; we are architects of SaaS success. With a laser focus on NetSuite, we bring:
Deep-Dive Expertise
Our dedication to NetSuite, as our sole business focus, has made us experts in its every nuance. This singular focus ensures that your SaaS business leverages NetSuite to its full potential.
Long-Term Partnership
We believe in growing with you. Our commitment to long-term partnerships means we're always looking ahead, anticipating the needs of your evolving business and adjusting strategies accordingly.
Proactive Transparency
Challenging assumptions and old habits, we bring a level of honesty and openness to our partnerships. This transparency ensures that we’re not just implementing solutions but are truly aligning with your business goals
Customization That Caters to You
Understanding that each SaaS company is unique, we excel in tailoring NetSuite to fit like a glove:
Beyond Out-of-the-Box
While we advocate for NetSuite’s powerful standard functionalities to minimize your total cost of ownership, our certified experts thrive on customization. We design solutions that adapt to your specific business processes, ensuring NetSuite grows with you.
Future-Proof Customization
Our approach to customization is sustainable, considering NetSuite’s bi-annual updates. We ensure that custom features continue to perform seamlessly, safeguarding your investment.
Unparalleled Support and Optimization
Our support model is as adaptable as NetSuite itself, designed to meet you exactly where you need us:
Tailored Support Option
From light support to full outsourcing, our flexible support offerings mean you have expert assistance exactly how and when you need it.
Continuous Improvement
Through HealthCheck and optimization services, we don’t just solve problems—we prevent them. Our goal is to continuously enhance your NetSuite experience, maximizing return on investment and operational efficiency.
Strategic Partnerships: Amplifying Your Success with Novutech
At Novutech, we believe in the power of collaboration to drive innovation and success. Our strategic partnerships with leading technology and service providers extend the capabilities of our NetSuite solutions, offering you a comprehensive toolkit to tackle any challenge. Here’s how our partners add value to your SaaS business:
Rydoo
What They Offer:
Expense and travel management that seamlessly integrates with NetSuite, simplifying and automating expense reporting and approval workflows.
Why It Matters:
Rydoo complements NetSuite by offering a user friendly, mobile-first approach to managing business expenses and travel, reducing administrative overhead and improving employee satisfaction.
Soldo
What They Offer:
A spend management platform that integrates with NetSuite to streamline expense reporting, budgeting, and company spending.
Why It Matters:
Soldo’s solution enhances financial control and visibility within NetSuite, simplifying expense management and enabling more strategic budget allocation.
Odum
What They Offer:
Cloud management solutions that enhance NetSuite’s capabilities in cloud expense management and optimization.
Why It Matters:
Odum provides critical insights and management tools to optimize your cloud resources and expenses, ensuring cost-effectiveness and scalability in your cloud strategy.
Cobase
What They Offer:
A multi-banking platform that simplifies the management of multiple bank accounts and financial operations, all from within NetSuite.
Why It Matters:
Cobase’s integration with NetSuite streamlines your financial operations, offering better visibility and control over your cash flow and reducing manual effort in managing bank relationships.
Workiro
What They Offer:
A task and project management tool that integrates with NetSuite to enhance collaboration, project tracking, and document management.
Why It Matters:
Workiro’s capabilities extend NetSuite’s project management features, enabling more efficient workflows, better communication, and document control across teams.
Upflow: Cash Collection
What They Offer:
A platform focused on optimizing your cash collection process, reducing DSO, and improving your cash flow.
Why It Matters:
Integrating Upflow with NetSuite empowers you with actionable insights and tools to improve your collection rates and maintain healthy cash flow, essential for scaling businesses.
Zone & Co: ZoneBilling
What They Offer:
Advanced billing solutions tailored for the complexities of subscription-based and usagebased billing models.
Why It Matters:
ZoneBilling enhances NetSuite’s billing capabilities, providing you with the flexibility to adapt to evolving business models and revenue streams, ensuring accurate and efficient billing processes.
Your Competitive Edge with Novutech & Partners
Our strategic partnerships are selected with your success in mind. By combining Novutech's NetSuite expertise with our partners' specialized solutions, we equip your SaaS business with a robust, integrated ecosystem designed to drive growth, enhance efficiency, and navigate the complexities of the global market.
Webinar: Netsuite for Dummies - Understanding the Basics
At Novutech, our mission is to transform your SaaS operations through unmatched NetSuite expertise and a partnership that extends far beyond implementation. Here’s why Novutech stands as the premier partner for your NetSuite needs:
