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 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.
Processing automation for initial and recurring transactions.
Billing automation for revenue streams like subscriptions, products, etc.
Comply with the evolving standards and solve revenue recognition problems.
Close the books and report the financials accurately.
Optimize recurring revenue for SaaS and license providers.
Automate resource allocation, project delivery, and accounting for multiple projects.
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.
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.
Manually consolidating financial data across global subsidiaries can be time-consuming and prone to errors, especially for growing software and IT companies seeking investor support for global expansion. This process often involves pulling data from multiple systems, which leads to inefficiencies and delays in presenting crucial financial information to investors.
Adopting integrated cloud solutions like NetSuite can significantly improve financial data consolidation for software and technology companies. NetSuite software for software companies helps automate the process and streamline data collection from global business divisions. By eliminating manual spreadsheet compilation and speeding up month-end closes, companies can save time and deliver financial information faster, positioning themselves better to secure investor support for further growth and expansion.
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.
