NetSuite for Software & Technology

Get a consolidated infrastructure for software companies with the #1 cloud ERP that scales with IT trends.

alliance-partner-spotlight-winner-2024-software-and-it-services

We proudly present our Summer 2024 Alliance Partner Spotlight Award for the Software and IT services category. This recognition from NetSuite clearly shows that we are not rooting for ourselves but got a testament from the client itself.

We implemented NetSuite SuiteSuccess Financials First for Cooperative Computing, and our successful implementation, combined with a strong relationship with our client, helped us win this award from NetSuite. 

NetSuite for Software and Technology - From Startup to IPO and Beyond

NetSuite enables fast-growing software tech companies to avoid the complications that arise as the business becomes more complex and lets them focus on what matters the most; customer and product/service. NetSuite for software companies simplifies financial management, automates billing and revenue recognition, and enhances customer retention without added complexity.

As your software and IT company grows, you may want scalable systems and infrastructure. NetSuite provides a strong, adaptable, and scalable ERP solution. 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 when your business is scaling. 

NetSuite Features for Software and Technology

Order Management

Processing automation for initial and recurring transactions.

Streamlined Billing

Billing automation for revenue streams like subscriptions, products, etc.

Revenue Recognition

Comply with the evolving standards and solve revenue recognition problems.

Financial Close

Close the books and report the financials accurately.

Manage Recurring Revenue

Optimize recurring revenue for SaaS and license providers.

Professional Services Automation

Automate resource allocation, project delivery, and accounting for multiple projects.

Have a NetSuite implementation project in the pipeline?

Reach out to us and learn more about our NetSuite implementation services.

NetSuite Modules for Software and Technology

Software and technology organizations frequently confront disruptions in project management, process analysis, cost reduction, customization, and employee training. Folio3 integrates software companies’ existing platforms with NetSuite modules to overcome ongoing and upcoming challenges.

Customer Relationship Management

With NetSuite CRM, software companies can align and manage all areas of client relationships, including marketing automation, interaction history, customer support, and more. It monitors sales and partner performance and manages orders.

Customer Support
Interaction History
Marketing Automation
Revenue
Project Schedules
Project Billing

Financial Management

The financial management module offers SuiteBilling, revenue recognition regulations, secure and fast payment, planning and budgeting, and account reconciliation. Software companies can also benefit from NetSuite OneWorld, fixed assets management, and electronic bank payments for holistic business financial reporting.

Subscription Service Management

NetSuite offers strong subscription management solutions to software companies that deliver subscription-based services. You can automate billing operations, manage renewals, and optimize revenue recognition to increase revenue. Subscription analytics can also help you understand customer preferences and usage trends to optimize your products.
SuiteBilling
Revenue Recognition
Planning & Budgeting
Secure & Fast Payment
Deductions & Taxes
Workforce Management
Performance Tracking

Human Resources

Software companies can automate payroll without worrying about deductions and taxes. NetSuite SuitePeople aids software and technology companies in centralizing the employee record with performance tracking and workforce management.

Professional Services Automation

With professional services automation, software and technology companies can benefit from project management to create and manage project schedules, project billing and revenue, and schedule maintenance. NetSuite SuiteProjects Pro assures that IT businesses deliver projects on time with real-time visibility and access to tools anywhere.

NetSuite Pay
Data Mapping
SuiteCommerce for B2B & B2C

Trusted & Loved By Customers

Folio3 set up a task system that helps prioritize what needs to be done and collects feedback on each part of the task. Folio3 demonstrated great flexibility and adaptability in doing new modules given by EVO.
evo-testimonial-img
Joseph Yang
Data Specialist, EVO Systems

NetSuite ERP Support & Customization

If your software company needs ERP implementation, integration with existing applications, or ERP customization, our NetSuite-certified consultants are here to help you. Your software and technology 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.

Explore Our Success Stories: See How We Make a Difference

Connect Your ERP Systems with Other Platforms

Connect your NetSuite with any platform of your choice and boost customer retention with an integrated CRM for managing contracts, subscriptions, and renewals. For communication, use mailing system integrations to streamline and manage interactions effectively.

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 consultants.

Related Articles

News

NetSuite for Software & IT Companies

Industry News

Role of Sales Commissioning Software in Business Growth

Industry News

Insurance CRM Software Market 2021

Industry News

CRM Software Tools 2022: Why Startups Should Invest

Frequently Asked Questions

Why do you need NetSuite for IT services companies?
NetSuite for IT services company automates subscription billing, revenue recognition, and financial management, making it vital for software companies.
Subscription billing is handled by NetSuite SuiteBilling, which automates operations like recurring billing, invoicing, and revenue recognition.
NetSuite is compliant with accounting standards like ASC 606/IFRS 15 to manage complex software revenue recognition.
The cost of NetSuite SuiteSuccess for Software companies depends on certain parameters like the number of user licenses, base suite, company size, complexity, and customization needs. For an accurate estimate, schedule a discovery call with our team.

Are you ready to get started?

Folio3 Your Top Choice:

top-erp-consulting-company-united-kingdom-2024-badge
top-it-services-company-automotive-san-francisco-badge
top-erp-consulting-company-san-francisco-2024-badge
top-netsuite-company-2024-badge

Let's discuss your NetSuite needs


    Hello, How can we help you?