NetSuite for Professional Services

Simplify the Bid-to-Bill lifecycle of your projects with NetSuite

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NetSuite SuiteProjects Pro implementation provides an amazing suite of SaaS applications for resource management, project management, recording time and expenses, and accounting automation to professional services businesses. Its functionality also covers billing and invoicing, accounting, and data analytics. One of the striking features of NetSuite SuiteProjects Pro is that it’s mobile-friendly. Professionals can use the platform anywhere, anytime ensuring smooth productivity and timely updates.

NetSuite for Professional Services: Simplify Operations, Improve Project Delivery, Increase Profitability

Professional services firms face challenges such as managing project timelines, controlling costs, improving team collaboration, and maintaining client satisfaction. NetSuite ERP for professional services is an inclusive solution for businesses of all sizes and various needs. As the #1 Cloud ERP, NetSuite supports the professional services business to keep the services teams in sync everywhere with both online, offline, and mobile access.

Whether your business has an embedded professional services team in a software company, a marketing or creative team in an agency, a specialty services team, or engaged in management consulting, our NetSuite ERP services can help manage and expand your business effectively. With NetSuite, you can reduce administrative overhead, improve visibility, ensure accurate project estimates and profitability, and control enterprise-wide processes, like revenue recognition from various revenue streams and consolidated billing with NetSuite.

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NetSuite ERP Features for Professional Services

Professional services firms often face challenges like managing projects, optimizing resources, tracking time and expenses, and maintaining strong client relationships. NetSuite modules provide solutions to these challenges by offering tools for project management, resource planning, financial tracking, and customer relationship management. Here are some features that can assist your services business in real-time with project delivery, invoicing, and revenue recognition.

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Project Reporting & Analytics

NetSuite SuiteProjects provides robust dashboards and analytics for a real-time view of your services organization. Monitor and analyze project performance, focusing on metrics like resource utilization, profit margins, and budgets. All stakeholders, from executives to project managers, can access personalized reports with relevant data.

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Expense Management

NetSuite SuiteProjects automates and simplifies expense management, including reporting, submission, and approval while integrating with project accounting and invoicing. This single solution makes tracking and submitting expenses easy for quick reimbursement and client billing.

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Project Accounting

NetSuite SuiteProjects enables companies to manage revenues, expenses, and profitability throughout a job’s lifecycle. Ensure accurate, timely client billing, automate revenue calculations, and support various revenue scenarios per project. With transactions linked to a general ledger, gain a clear view of a project’s financial health.

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Project Management

NetSuite Project Management allows teams to collaborate and keeps managers updated on project status with real-time data, enabling companies to proactively address potential issues. With NetSuite’s cloud solution, stakeholders have complete visibility and control, monitoring project status anytime, anywhere. This leads to improved project completion, more satisfied clients, and fewer non-billable hours.

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Resource Management

NetSuite’s SuiteProjects streamlines project resource assignments. With centralized profiles detailing skills, interests, experience, and availability, project managers can align resources effectively. This enhances profit margins, billable utilization, talent retention, and client satisfaction.

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Time Tracking & Timesheet Management

NetSuite SuiteProjects simplifies timesheet submission for team members in-office or on-the-go. Customize approval workflows to fit your business needs. Track hours and allocate time directly to projects or tasks to enhance project management and accounting.

Learn more about our Professional Services Automation (PSA) solution to drive high performance in your professional services business.

NetSuite Add-on Modules for Professional Services

Professional services firms often face challenges like managing projects, optimizing resources, tracking time and expenses, and maintaining strong client relationships. NetSuite modules provide solutions to these challenges by offering tools for project management, resource planning, financial tracking, and customer relationship management. Folio3 helps professional services businesses by integrating these modules into your existing systems, streamlining operations, improving efficiency, and ensuring better project outcomes and client satisfaction.

Financial Management

Helps manage financial operations like billing, revenue recognition, budgeting, and payment automation for professional services firms.

Commissions
Reconciliations
Revenue Recognition
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Customer Interaction
Customer Retention
Customer Satisfaction

Customer Relationship Management

Manages customer interactions, sales, and service delivery, ensuring strong relationships and efficient project tracking.

Professional Services Automation (PSA)

Streamlines project management, job costing, resource allocation, and invoicing to improve service delivery and project profitability.

Cost of Goods Sold
Automate Transactions
Accounting Standards
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Centralized Functions
Performance Management
Employee Data

Human Resources

Centralizes HR processes like payroll, employee records, performance management, and workforce scheduling for service-based teams.

Field Service Management

Optimizes scheduling, dispatching, and field operations, helping service teams deliver efficient, on-site support.

Schedule and Dispatch
Communication
Visibility
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NetSuite ERP Support & Customization

If your professional services company needs ERP implementation, integration with existing applications, or ERP customization, our NetSuite-certified consultants are here to help you. Your professional services company can have a comprehensive, personalized, and industry-specific solution for all its needs and pain points.

NetSuite ERP Support & Customization

We offer post-deployment NetSuite managed services, including module implementations, workflow customizations, and bug fixes. Our specialized team provides personalized NetSuite support for any industry.

NetSuite ERP Timeline & Pricing

We offer an accelerated NetSuite ERP implementation process with functional support from certified Chartered Accountants. In most cases, we achieved go-live in less than 70 days. However, the typical timeline is around 3 months. Complex integrations take around 6 to 8 months.

NetSuite ERP pricing includes an annual license fee. The implementation cost varies depending on the project’s complexity. If you’re interested in getting a quote specifically for your business needs, please contact our team.

Frequently Asked Questions

How does NetSuite help with delayed project timelines?

NetSuite provides real-time project tracking and alerts for potential delays, helping teams stay on schedule and complete projects on time.

Yes, NetSuite tracks expenses, budgets, and resource usage, offering insights to identify cost-saving opportunities and avoid overspending.

NetSuite shows how resources are being used and helps with scheduling and allocation. This ensures the right people are working on the right tasks at the right time.

NetSuite automates repetitive tasks like billing, invoicing, and reporting, freeing up your team to focus on more critical work.

NetSuite centralizes client information, making it easier to manage communications, meet deadlines, and deliver quality results.

Yes, we can adjust NetSuite to match how your business works so it fits your exact needs.

Are you ready to get started?

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