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.
Core Functionalities of NetSuite:
For The Software Industry
- Handles complex revenue recognition standards (ASC 606, IFRS 15) to maintain compliance.
- Automates revenue calculations for subscriptions, licenses, and complex multi-element arrangements.
- Offers real-time visibility into project costs, timelines, and profitability.
- Enables informed resource allocation based on skills and project demands.
- Automates recurring billing cycles, renewals, upsells, and subscription changes.
- Handles proration calculations and complex billing scenarios with accuracy.
- Provides robust financial consolidation across subsidiaries and business units.
- Delivers real-time financial insights with software-industry-specific KPIs and dashboards.
- Centralizes customer interactions from lead generation to sales, support, and renewals.
- Improves sales forecasting, lead tracking, and overall customer relationship management.
- Securely track and manage valuable software code, licenses, and other intellectual assets.
- Control versioning, access rights, and IP monetization strategies within NetSuite.
- Provides customizable dashboards and reports tailored to software business metrics.
- Empowers data-driven decision-making by tracking key performance indicators.
- Cloud-based architecture accommodates rapid growth and evolving business needs.
- Handles multi-currency transactions, global subsidiaries, and varying compliance requirements.
- Handles complex revenue recognition standards (ASC 606, IFRS 15) to maintain compliance.
- Automates revenue calculations for subscriptions, licenses, and complex multi-element arrangements.
- Offers real-time visibility into project costs, timelines, and profitability.
- Enables informed resource allocation based on skills and project demands.
- Automates recurring billing cycles, renewals, upsells, and subscription changes.
- Handles proration calculations and complex billing scenarios with accuracy.
- Provides robust financial consolidation across subsidiaries and business units.
- Delivers real-time financial insights with software-industry-specific KPIs and dashboards.
- Centralizes customer interactions from lead generation to sales, support, and renewals.
- Improves sales forecasting, lead tracking, and overall customer relationship management.
- Securely track and manage valuable software code, licenses, and other intellectual assets.
- Control versioning, access rights, and IP monetization strategies within NetSuite.
- Provides customizable dashboards and reports tailored to software business metrics.
- Empowers data-driven decision-making by tracking key performance indicators.
- 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.
Managing multiple subsidiaries across geographies introduces complexity with intercompany eliminations, currency consolidation, and local tax compliance.
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.
Managing multiple subsidiaries across geographies introduces complexity with intercompany eliminations, currency consolidation, and local tax compliance.
The StellarGrade Ecosystem
At StellarGrade, we believe that success thrives in collaboration. Our ecosystem brings together industry-leading technology providers, service experts, and innovative solutions to amplify the power of NetSuite.
At StellarGrade, we believe that success thrives in collaboration. Our ecosystem brings together industry-leading technology providers, service experts, and innovative solutions to amplify the power of NetSuite.
Watch the Video Now!
From Bottlenecks to Breakthroughs: NetSuite for Software Success
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.
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.
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.
Frequently Asked Question
Expert Corner
Valuable business resources from industry leaders
Get Started with a NetSuite Partner That Understands Your Unique Needs!
Whether you’re seeking help with a single complex integration or end-to-end enterprise transformation, we have the specialized NetSuite capabilities to deliver results.
Whether you’re seeking help with a single complex integration or end-to-end enterprise transformation, we have the specialized NetSuite capabilities to deliver results.
