Software as a Service (SaaS)
NetSuite Solutions for the SaaS Industry
Modern technology companies often face challenges in effectively managing subscription billing, smoothly integrating with other platforms such as Salesforce, and maintaining a unified system for tracking and managing billing and revenue recognition. These challenges are further compounded by the need to adhere to internal controls, SOC compliance requirements, and revenue recognition standards.
NetSuite seamlessly integrates billing and revenue recognition capabilities, enabling software companies to smoothly scale without manual external processes or compliance challenges. As businesses expand internationally, NetSuite’s OneWorld module, combined with the expertise of our global implementation team, provides robust support for managing multi-country operations and subsidiaries. This ensures your NetSuite environment remains optimized to meet the demands of international growth and expansion.
Functionality and Modules
Subscription Billing & Usage Based Billing
NetSuite offers robust capabilities for managing subscription and usage-based billing, enabling businesses to efficiently handle recurring revenue models. With its built-in functionality, NetSuite automates the entire billing process, from contract creation and renewal to real-time usage tracking and invoicing. This flexibility ensures accurate billing, supports complex pricing structures, and improves customer satisfaction by providing transparent and timely invoicing tailored to each customer’s unique needs.
Revenue Recognition
NetSuite simplifies complex revenue recognition processes, including full compliance with ASC 606 standards. With the Advanced Revenue Management (ARM) module, businesses can seamlessly manage tasks ranging from straightforward revenue recognition to intricate fair value allocation and compliance requirements. By centralizing revenue recognition within NetSuite, organizations can eliminate the need for multiple products or tools, streamlining operations and enhancing accuracy.
Integrations
Many software companies face intricate accounting segmentation requirements and integration challenges, making it essential to implement seamless, efficient solutions tailored to their needs. Our certified integration team specializes in helping software and technology companies navigate these complexities, delivering successful integrations with platforms like Salesforce, Salesforce CPQ, and other leading CRM systems.
International Expansion
As software companies grow, international expansion often introduces complex challenges, particularly with compliance and reporting requirements across multiple countries. These include country-specific obligations such as VAT reporting and meeting local statutory requirements. Our global team is well-equipped to address these needs, offering on-the-ground delivery and expertise across numerous locations worldwide. With our support, businesses can confidently manage their international operations while ensuring alignment with local regulatory standards.
Internal Controls & SOX Compliance
NetSuite provides SaaS companies with robust tools to strengthen internal controls and ensure SOX compliance as they scale toward going public. Its integrated platform enables automated workflows, real-time financial reporting, and audit-ready documentation, helping to reduce risk and enhance transparency. With built-in controls and compliance features, NetSuite simplifies the management of key processes like revenue recognition, access control, and financial close, ensuring alignment with SOX requirements while supporting efficient growth and investor confidence.