You can simplify the Bid-to-Bill lifecycle of your projects with a unified ERP like NetSuite for professional services business.
A robust ERP like NetSuite for professional services companies brings everything you need to the table. Whether you want to manage project timelines, control project costs, or improve team collaboration, NetSuite works as an all-in-one solution for your business needs. With NetSuite, you can easily keep your services teams in sync everywhere with online and offline mobile access.
With NetSuite for professional services, you can:
NetSuite for professional services helps firms to deliver projects on time, control costs, and accelerate revenue recognition across all service lines. NetSuite is the right choice for you if you are running a consulting agency, marketing firm, IT services company, or engineering practice. Why? Because NetSuite for professional services helps centralize projects, financials, and resource data so your teams can work smarter and faster.
You can automate billing and invoicing, which includes one-time, recurring, time, and project-based billing. This flexible billing structure is built into NetSuite software for professional services, making it ideal for project work, milestones, and variable billing dates.
NetSuite SuiteProjects provides robust dashboards and analytics for a real-time view of your services organization. You can monitor and analyze project performance and focus on metrics like resource utilization, profit margins, and budgets. All stakeholders, from executives to project managers, can access personalized reports with relevant data.
NetSuite for professional services automate and simplify expense management for reporting, submission, and approval. This single solution makes tracking and submitting expenses easy for quick reimbursement and client billing. Another core benefit of NetSuite for professional services firms.
You can easily manage revenues, expenses, and profitability throughout a job’s lifecycle with NetSuite for professional services. It enables accurate, timely client billing, automation of revenue calculations, and support for various revenue scenarios per project. With transactions linked to a general ledger, you gain a clear view of a project’s financial health.
Your teams can collaborate and keep managers updated on project status with real-time data to proactively address potential issues. With NetSuite software for professional services, stakeholders get complete visibility and control, monitoring project status anytime, anywhere. This leads to improved project completion, more satisfied clients, and fewer non-billable hours.
NetSuite consultation for professional services helps manage project resource assignments. With centralized profiles detailing skills, interests, experience, and availability, project managers can align resources effectively. This improves profit margins, billable utilization, talent retention, and client satisfaction.
You can simplify timesheet submission for team members in the office or on the go. Customize approval workflows to fit your business needs. With NetSuite for professional services, you can also track hours and allocate time directly to projects or tasks to enhance project management and accounting.
NetSuite modules are designed to assist the core functions of NetSuite when resolving unprecedented challenges that may arise in project management, resource planning, financial tracking, or customer relationship management. Folio3’s NetSuite experts can help you integrate the following modules for optimum performance of NetSuite parallel to your business functions:
This module provides comprehensive financial oversight essential for professional services firms dealing with complex billing structures. It automates time-based billing, milestone billing, and fixed-fee arrangements while ensuring accurate revenue recognition across multiple projects. The budgeting capabilities enable real-time project cost tracking against approved budgets, while payment automation reduces administrative overhead and improves cash flow management.
Beyond traditional CRM functions, this module creates a unified view of client relationships across the entire project lifecycle. It tracks opportunities from initial proposal through project delivery and maintains detailed client communication histories and service preferences. The integration with project management helps sales teams understand the current project status gives service delivery team access to client communication to identify upselling opportunities.
The core module for professional services operations, PSA, centralizes project planning, execution, and analysis. You get sophisticated resource management capabilities for staff allocation across multiple projects based on skills, availability, and utilization targets. With real-time job costing, you can track project profitability. The integrated invoicing system automatically generates bills based on time entries, expenses, and milestone completions.
With HRM, you can manage complex workforce requirements, including consultant classifications, skill tracking, and performance metrics tied to billable utilization. You can better menagae payroll processing and maintain detailed records needed for project allocation and cost accounting. Performance management features can help you identify top performers and development needs critical for client-facing roles.
Essential for professional services requiring on-site delivery, this module optimizes resource deployment and service quality. Advanced scheduling algorithms consider technician skills, location, and availability to minimize travel time and maximize billable hours. Mobile capabilities enable field teams to update project status, capture time, and access client information in real-time, ensuring accurate project tracking and improved client communication throughout service delivery.
If your professional services business needs ERP implementation, integration with existing applications, or ERP customization, our NetSuite-certified consultants are here to help you. Your professional services business 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.
We offer an accelerated NetSuite ERP implementation process with functional support from Chartered Certified 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.
With the help of NetSuite for professional services businesses become efficient enough to manage their entire business lifecycle, from project planning and resource allocation to billing and financials with ease. Folio3 helps configure and customize NetSuite specifically for service-based organizations, ensuring seamless visibility across departments, accurate time tracking, efficient invoicing, and real-time reporting.
Folio3 tailors NetSuite software for professional services with features to meet the needs of professional services firms, including:
We also customize SuiteSuccess editions for services firms to accelerate time to value.
With NetSuite PSA and project management modules, Folio3 enables businesses to:
Our consultants align NetSuite workflows with your delivery model to drive higher efficiency and profitability.
Folio3 configures NetSuite to support complex billing structures such as fixed fee, milestone, and time & materials, while automating invoicing and integrating it with accounting. This reduces errors, speeds up billing cycles, and ensures accurate revenue recognition across projects.
NetSuite’s time and expense modules allow your consultants to submit entries through desktop or mobile, link them to specific projects, and route them through customized approval workflows. This improves transparency, billing accuracy, and employee compliance.
Folio3 builds and supports integrations between NetSuite and tools like Salesforce, HubSpot, Zendesk, Walmart, and more. Our SuiteCloud expertise allows us to develop custom connectors or use our 35+ pre-built ones, depending on your business needs and ecosystem.
NetSuite pricing varies based on the number of users, selected modules, and customization scope. Folio3 provides tailored pricing based on your operational needs and offers cost-effective implementation. To help you understand the pricing structure, we have written a detailed implementation pricing blog for you.
NetSuite provides high-level security protocols. Folio3 reinforces this by implementing best practices around role-based access controls, secure data migration, and audit-ready compliance configurations, ensuring your client data stays protected.
With Folio3, your workflows, fields, approvals, and reports are customized end-to-end using SuiteFlow, SuiteScript, and SuiteBuilder to reflect your firm’s specific way of working.
Businesses choose NetSuite for its native cloud capabilities and specialized service industry modules. With Folio3, the platform is further adapted to fit your exact delivery model, making it easier to scale, optimize workflows, and integrate with your tech stack compared to monolithic legacy ERPs.
Yes. NetSuite supports multi-currency, multi-language, and local tax compliance. Folio3 helps global firms configure OneWorld for subsidiaries, global billing, intercompany transactions, and regional reporting. Let’s understand the functionalities of NetSuite OneWorld and how it caters to the diverse needs of businesses around the globe.
By submitting the form you agree to terms & condition and privacy policy of Folio3
