Introducing NetSuite:

The Future-Proof ERP for Software

NetSuite understands the unique challenges of the software industry, where business models, development, workflows, and methodologies are much more iterative and complex. An integrated suite, the platform boasts capabilities that range from revenue recognition, forecasting, subscription billing, project profitability, and ERP, to name only a few—while automated tools can be employed to help streamline processes and allow software companies better focus their efforts on the delivery of innovation and a superior customer experience.

REVENUE RECOGNITION AUTOMATION
✓ Handles complex revenue recognition standards (ASC 606, IFRS 15) to maintain compliance.
✓ Automates revenue calculations for subscriptions, licenses, and complex multi-element arrangements.
PROJECT MANAGEMENT AND RESOURCE OPTIMIZATION
✓ Offers real-time visibility into project costs, timelines, and profitability.
✓ Enables informed resource allocation based on skills and project demands.
SUBSCRIPTION BILLING AND MANAGEMENT
✓ Automates recurring billing cycles, renewals, upsells, and subscription changes.
✓ Handles proration calculations and complex billing scenarios with accuracy.
Facturation et Gestion des Abonnements
FINANCIAL MANAGEMENT AND REPORTING
✓ Provides robust financial consolidation across subsidiaries and business units.
✓ Delivers real-time financial insights with software-industry-specific KPIs and dashboards.
CRM AND CUSTOMER LIFECYCLE MANAGEMENT
✓ Centralizes customer interactions from lead generation to sales, support, and renewals.
✓ Improves sales forecasting, lead tracking, and overall customer relationship management.
INTELLECTUAL PROPERTY (IP) MANAGEMENT
✓ Securely track and manage valuable software code, licenses, and other intellectual assets.
✓ Control versioning, access rights, and IP monetization strategies within NetSuite.
BUSINESS INTELLIGENCE AND ANALYTICS
✓ Provides customizable dashboards and reports tailored to software business metrics.
✓ Empowers data-driven decision-making by tracking key performance indicators.
SCALABILITY AND GLOBAL EXPANSION
✓ Cloud-based architecture accommodates rapid growth and evolving business needs.
✓ Handles multi-currency transactions, global subsidiaries, and varying compliance requirements.

Core Functionalities of NetSuite:

For Software Companies

For Software Companies

Core Functionalities of NetSuite:

REVENUE RECOGNITION AUTOMATION
● Handles complex revenue recognition standards (ASC 606, IFRS 15) to maintain compliance. ● Automates revenue calculations for subscriptions, licenses, and complex multi-element arrangements.
PROJECT MANAGEMENT AND RESOURCE OPTIMIZATION
● Offers real-time visibility into project costs, timelines, and profitability. ● Enables informed resource allocation based on skills and project demands.
SUBSCRIPTION BILLING AND MANAGEMENT
● Automates recurring billing cycles, renewals, upsells, and subscription changes. ● Handles proration calculations and complex billing scenarios with accuracy.
FINANCIAL MANAGEMENT AND REPORTING
● Provides robust financial consolidation across subsidiaries and business units. ● Delivers real-time financial insights with software-industry-specific KPIs and dashboards.
CRM AND CUSTOMER LIFECYCLE MANAGEMENT
● Centralizes customer interactions from lead generation to sales, support, and renewals. ● Improves sales forecasting, lead tracking, and overall customer relationship management.
INTELLECTUAL PROPERTY (IP) MANAGEMENT
● Securely track and manage valuable software code, licenses, and other intellectual assets. ● Control versioning, access rights, and IP monetization strategies within NetSuite.
BUSINESS INTELLIGENCE AND ANALYTICS
● Provides customizable dashboards and reports tailored to software business metrics. ● Empowers data-driven decision-making by tracking key performance indicators.
SCALABILITY AND GLOBAL EXPANSION
● Cloud-based architecture accommodates rapid growth and evolving business needs. ● Handles multi-currency transactions, global subsidiaries, and varying compliance requirements.

Challenges NetSuite Solved for Software Companies

Manual, error-prone spreadsheets and disconnected systems

Lack of real-time data on project progress, costs, and resource allocation

Manually managing recurring billing, renewals, and complex changes

Fragmented systems make it challenging to gain consolidated financial insights, impacting timely decision-making.

Disparate systems for sales, support, and renewals

Legacy on-premise systems struggle to keep pace with the rapid growth and global expansion of software businesses.

Evolving revenue recognition standards (like ASC 606) and data privacy regulations increase compliance risk without a centralized system.

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From Bottlenecks to Breakthroughs: NetSuite for Software Success

Watch the Video Now!

From Bottlenecks to Breakthroughs: NetSuite for Software Success

The NetSuite Stairway for Software Companies

The NetSuite Stairway offers a step-by-step approach for software companies to overcome industry-specific challenges and maximize growth.

1. Establish

Establish a foundation with a cloud-based platform that unites financials, project management, subscription billing, and analytics. No more disconnected systems or manual processes—just real-time visibility into the vital software business metrics.

2. Elevate

Elevate your platform with resource optimization and software-specific revenue recognition management. Adapt to the new ASC 606 standard, allocate resources based on the precise needs of each project, and provide revenue forecasts that are as accurate as your code.

3. Expand

Remove IT overhead so you can focus on innovation. Integrate with your development tools; automate code versioning and recurring billing processes to grow with unmatched speed and efficiency.

4. Accelerate

Accelerate business processes by incorporating CRM, agile project management methodologies, and intellectual property management (IPM) modules. Manage customer relationships seamlessly, deliver projects on time, and protect the most valuable thing you have: your software.

5. Dominate

Technology is no longer a bottleneck. NetSuite handles the updates, and NetSuite fuels the innovation. Its 360-degree view and powerful analytics will now drive your growth and put your company at the lead of the pack in the messy, noisy, endlessly wondrous world of software.

The NetSuite Stairway for Software Companies

The NetSuite Stairway offers a step-by-step approach for software companies to overcome industry-specific challenges and maximize growth.

1. Establish

Establish a foundation with a cloud-based platform that unites financials, project management, subscription billing, and analytics. No more disconnected systems or manual processes—just real-time visibility into the vital software business metrics.

2. Elevate

Elevate your platform with resource optimization and software-specific revenue recognition management. Adapt to the new ASC 606 standard, allocate resources based on the precise needs of each project, and provide revenue forecasts that are as accurate as your code.

3. Expand

Remove IT overhead so you can focus on innovation. Integrate with your development tools; automate code versioning and recurring billing processes to grow with unmatched speed and efficiency.

4. Accelerate

Accelerate business processes by incorporating CRM, agile project management methodologies, and intellectual property management (IPM) modules. Manage customer relationships seamlessly, deliver projects on time, and protect the most valuable thing you have: your software.

5. Dominate

Technology is no longer a bottleneck. NetSuite handles the updates, and NetSuite fuels the innovation. Its 360-degree view and powerful analytics will now drive your growth and put your company at the lead of the pack in the messy, noisy, endlessly wondrous world of software.

Why Choose StellarGrade to Get the Most Out of NetSuite for Your Software Business?

Deep NetSuite Expertise

Our experienced NetSuite consultants specialize in NetSuite implementation for software. This includes configuring of modules for revenue recognition (ASC 606), subscription management, project costing, and intellectual property tracking. You’ll see that we ensure your NetSuite is perfectly aligned with your processes.

Streamlined Software Workflows

Our NetSuite team goes beyond configuration. We also analyze your existing software workflows to identify opportunities for automation and efficiency. This means you can really leverage the potential of NetSuite’s functionality and capabilities. It also means driving even more efficient project management, billing cycles, and resource allocation that suits the specific operating model of your software business.

Long-Term Partnership

StellarGrade considers itself an extension of your team. It offers continuous guidance and optimization far beyond your go-live, helping you adapt to changing needs and take maximum advantage of NetSuite’s continuous updates.

Comprehensive Training and Ongoing Support

We provide much more comprehensive training for your entire staff than just taking your NetSuite admins through the traditional power user course. Instead, we offer flexible support options, including phone, email, and unlimited ongoing knowledge-sharing.

Cost-Effective Solution

Our objective is not to implement NetSuite but to make it an investment that exponentially returns. We balance NetSuite’s robust feature set and capabilities with your available budget. The result is a tailored solution that simultaneously drives more growth and more efficiency — not more unnecessary costs.

Why Choose StellarGrade to Get the Most Out of NetSuite for Your Software Business?

Deep NetSuite Expertise

Our experienced NetSuite consultants specialize in NetSuite implementation for software. This includes configuring of modules for revenue recognition (ASC 606), subscription management, project costing, and intellectual property tracking. You’ll see that we ensure your NetSuite is perfectly aligned with your processes.

Streamlined Software Workflows

Our NetSuite team goes beyond configuration. We also analyze your existing software workflows to identify opportunities for automation and efficiency. This means you can really leverage the potential of NetSuite’s functionality and capabilities. It also means driving even more efficient project management, billing cycles, and resource allocation that suits the specific operating model of your software business.

Long-Term Partnership

StellarGrade considers itself an extension of your team. It offers continuous guidance and optimization far beyond your go-live, helping you adapt to changing needs and take maximum advantage of NetSuite’s continuous updates.

Comprehensive Training and Ongoing Support

We provide much more comprehensive training for your entire staff than just taking your NetSuite admins through the traditional power user course. Instead, we offer flexible support options, including phone, email, and unlimited ongoing knowledge-sharing.

Empowering Health and Beauty Companies for Success

Cost-Effective Solution

Our objective is not to implement NetSuite but to make it an investment that exponentially returns. We balance NetSuite’s robust feature set and capabilities with your available budget. The result is a tailored solution that simultaneously drives more growth and more efficiency — not more unnecessary costs.

Key Benefits

Implementing NetSuite through StellarGrade offers several key benefits for your service company:

Improved Efficiency

NetSuite streamlines and automates key aspects of your business, enhancing decision-making visibility and resource optimization, leading to improved efficiency and profitability.

Comprehensive Solutions

NetSuite’s integrated applications cover financial management, project and resource management, customer relationship management, and more, providing an end-to-end solution for your organization.

Anytime, Anywhere Access

With NetSuite’s cloud-based platform, you can access your business information online and via mobile devices, allowing your team to work flexibly and efficiently, regardless of location.

Cost-Effectiveness

NetSuite’s subscription model eliminates the need for expensive hardware maintenance and upgrade costs. The latest software enhancements are applied automatically, and customizations carry over with each upgrade.

Customizability

NetSuite’s SuiteCloud allows for easy customization of the platform to meet your unique business needs, ensuring a tailored solution that fits your organization perfectly.

StellarGrade’s Approach

StellarGrade’s Approach

At StellarGrade, we are experts in implementing NetSuite for service companies. Our team has deep industry knowledge and experience, ensuring that we understand your specific pain points and requirements. We work closely with you to tailor NetSuite’s features and functionalities to your business, providing a seamless and efficient implementation process.

NetSuite Datasheets / White Papers

PDF: SOFTWARE INDUSTRY – NetSuite Services

FAQ

    • NetSuite’s dedicated Revenue Management module supports compliance with standards, including ASC 606 and IFRS 15. The solution automates revenue calculations across various models (subscriptions, perpetual licenses, usage-based, etc.), streamlines billing schedules, and generates accurate, auditable reports.

    • NetSuite has a robust Subscription Billing module that automates the entire subscription lifecycle. You gain efficiencies in managing recurring billing cycles, renewals, upsells, downgrades, proration, and much more.

    • While NetSuite may not have native integrations with every development tool, its SuiteCloud platform offers extensive customization and integration capabilities. Our team can use APIs and custom scripting to connect NetSuite with your core development environment so you can track code, manage issues, and even bill time to specific project codes directly in NetSuite.

    • NetSuite provides a bevy of features that help you maintain the integrity of your software code, licenses, and most valuable assets. You can use permissions, version control, and audit trails to ensure that only the right personnel have access to your assets and that everyone is working from the most current version. And because NetSuite is delivered in a secure cloud environment as a subscription service, you also get the benefit of world-class data security built in, including strict compliance certifications.

Transform Your Software Business with NetSuite and StellarGrade

Ditch fragmented systems and manual processes that hinder your software company’s growth. StellarGrade’s NetSuite expertise unlocks efficiency, compliance, and scalability – taking your business to the next level.

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