Manage student data, human resources, and achieve operational efficiency with NetSuite.
We are proud to share that NetSuite awarded us the 2024 Alliance Partner Spotlight Award for the Education category. This recognition reflects our dedication and hard work.
We implemented NetSuite SuiteSuccess Financials First Standard Edition for Ingenius Prep. Our successful implementation, combined with a strong relationship with our client, helped us win this award from NetSuite.
The education industry often faces the challenges of siloed processes and procedures, handling operations across departments or campuses, manual systems, task overload, data handling, and expense management. Traditional, labor-intensive systems and disconnected manual procedures can no longer match these demands.
You can obtain data and information in real-time which enables you to make prompt, well-informed decisions. It also facilitates compliance with regulations and eases collaboration among staff, students and teachers.
NetSuite provides a strong, adaptable, and scalable ERP solution to educational institutes. Folio3 has extensive experience in working with startups, SMEs, and enterprises to deliver NetSuite implementations, customizations, and integration services, thereby enabling them to scale with ease and not get slowed down by the bottlenecks caused by growth in business.
Integrate financials with accounting-intelligent features, automate payments, and manage donations easily.
Streamline finances, create dynamic forecasts, run "what-if" scenarios, and centralize the budget.
Streamline donation process, automate recurring donations, and manage memberships to boost fundraising revenue.
Manage lead-to-cash cycle, get a 360-degree view of customer relationships, and run highly targeted marketing campaigns.
Create an integrated online store, manage orders, track inventory, and support store engagement.
Enforce spending controls, automate the procure-to-pay process, optimize savings, and comply with procurement policies.
Get real-time visibility into performance across all business functions with customized reports and dashboards.
Get consolidated financials, CRM, and inventory across multiple regions, currencies, and legal requirements.
Education industry comes across challenges like accessing student data, uploading educational resources on the internet, payroll and human resource management, and streamlining operations across campuses at different locations. Folio3 offers Netsuite solutions for education institutions to overcome ongoing and upcoming challenges.
Accounting features provide comprehensive visibility into your integrated financials. You can accept and handle client electronic payments in a secure and dependable manner. NetSuite ensures security, supports compliance, and obtains full audit trail visibility. You can also set up and monitor business processes and workflows.
SuiteBilling assists educational institutions in handling financial transactions. It helps automate the entire billing process and provides flexible invoicing and payment options that accommodate different fee structures and payment plans. SuiteBilling reduces manual effort, eliminates errors, and improves the overall financial experience.
Advanced Revenue Management (ARM) helps educational institutions manage revenue recognition compliantly. Adherence to regulations like ASC 606 / IFRS 15 is important to maintain financial transparency and compliance, especially to manage diverse revenue streams such as tuition, donations, or government funding.
NetSuite for education supports end-to-end management of your campus property. You can aim to attract students by offering a high-quality campus and facilities. Reduce daily business disruption, improve the quality and life expectancy of your estate assets, and defer replacement with NetSuite.
If your educational institute needs ERP implementation, integration with existing applications, or ERP customization, our NetSuite-certified consultants are here to help you. Your educational institute can have a comprehensive, personalized, and industry-specific solution for all its needs and pain points.
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.
Connect your NetSuite with any platform of your choice and improve supply chain with an integrated order and inventory management system to track reordering and inventory levels and make sure the stock never goes out.
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 consultants.
ERP stands for Enterprise Resource Planning. ERP software is business performance software that helps companies streamline all their…
The education industry plays a vital role in developing children’s talents. Schools and colleges significantly contribute to a child’s…
ERP stands for Enterprise Resource Planning…
NetSuite provides budgeting, accounting, and financial reporting solutions that enable schools and universities to easily manage funds, track spending, and generate reports.
In order to provide a single platform for all data and procedures, NetSuite may interact with a variety of systems, including learning management systems, student information systems and other educational applications.
NetSuite reduces manual labor and boosts departmental efficiency by automating a number of activities, including inventory management, procurement, and human resources.
Indeed, NetSuite is adaptable and flexible, making it appropriate for all kinds of educational establishments, ranging from little private schools to large universities.
