24 Jul, 2021

NetSuite SuiteProjects

NetSuite provides multiple cloud-based solutions for a variety of business activities, including human resources, project management, e-commerce, and business intelligence.

SuiteProject is a Professional Service Automation (PSA) solution built-on NetSuite. SuiteProject provides a unified single platform integrated with Enterprise Resource Planning, Customer Relationship Management (CRM), Human Resource Management, analytics, and accounting to enhance the functioning of a business. Suiteprojects produce clear results when you increase resource utilization, streamline revenue recognition, accelerate billing cycles, increase project delivery on time, improve invoicing accuracy, reduce overhead, and increase visibility throughout your service organization.

Key Benefits of SuiteProjects:

Manages the entire business services to enhance operations and profitability.

Improve the resource utilization, speed up project completion, and generate more detailed and dynamic invoices.

Live visibility across the business.

All-time mobile and web access from anywhere.

Real-time reporting of resource usage and profits of projects.

Easy management of global business and finance consolidation.

Why NetSuite Projects?

SuiteProjects assist service-based businesses to deliver the project in less time, produce invoices properly and increase the speed of the account receivable cycle to enhance the cash flow and to avoid revenue shortage.  With SuiteProjects, you have complete visibility and control over your entire service business in real-time from the moment a new project begins to its delivery, transaction history, and revenue analysis by eliminating costly integration, errors, and need for different systems.

Features of NetSuite SuiteProjects

1. Project Management

SuiteProject collaborates with the project managers and team members on projects and keeps a tab on the project status every time. In addition, SuiteProject allows managers to anticipate and resolve potential issues in each intervention.

2. Resource Management

Project managers enhance utilization and staffing by reducing bench time and ensuring that efficient resources are working on the right projects.

3. Time and Expense Management

Automated timesheets and expense reports allow users to gain detailed reports on the expenses and the time easily and quickly from everywhere.

4. Billing

Billing and Invoice Management automates simple service invoicing as well as complex repetition, time, materials and fixed fee agreements. NetSuite offers flexible billing options such as completing project work, getting project milestones, or scheduling dates.

5. Project Revenue

With NetSuite Advanced Revenue Management, businesses automate difficult revenue calculations and allocations and support various revenue scenarios on a project-by-project basis.

6. Project Accounting

Linking project activities to company financials helps to ensure accurate invoicing and accounting throughout the project life cycle and controls time and cost while providing comprehensive project profitability reporting.

7. Analytics

Powerful reporting and analytics tools provide real-time data on-demand, allowing you to monitor, report, and analyze the overall efficiency of the project in real-time.

8. Anytime, Anywhere Access

Suite Projects Cloud-based system enables the mobile service organization to support client sites anywhere, or wherever users work remotely.

9. Business Management for Global Services Organizations

Integrating SuiteProjects with OneWorld helps to manage multiple business units, subsidiaries, legal entities, multiple currency billing, and reporting needs. NetSuite OneWorld provides operational controls, real-time visibility, and resource management for all your business processes from one system.

10. Single Solution

Suite projects integrate professional service automation functionality with Customer Relationship Management (CRM), Human Resource Management (HRM), and Enterprise Resource Planning (ERP) to provide a complete solution for all service-related businesses.

11. Customer Relationship Management

NetSuite offers robust customer relationship management (CRM) capabilities, including, flexible customization, marketing automation, sales force automation (SFA), and customer support and service. NetSuite CRM is the only CRM solution that fully integrates with back-office and project delivery, minimizing the risk of manual entry and error and speeding up processes. This rigorous integration ensures that your business runs on the same client and project data, giving live visibility to your client’s life cycle from beginning to end and leading to satisfaction.

12. Financial Management and Forecasting

NetSuite Financials offers detailed financial / ERP capabilities that collaborate with your back-office, sales, and project delivery activities. NetSuite Financials takes your business beyond traditional accounting software and provides real-time visibility to your operations to enhance your business and helps to make accurate decisions.

13. Human Resource Management

SuitePeople provides an organization the ability to manage human resources and workforce management activities including the hiring of new staff, payroll, and compensation changes. With SuiteProjects, employee time-off requests influence project schedules, and businesses can accurately track skill sets to staff projects and monitor upcoming vacation schedules to properly set up availability. The integrated NetSuite platform provides automation and visibility of people and projects, the two main drivers of a service business.

Check out the #1 Cloud ERP - Oracle NetSuite

NetSuite is a cloud-based ERP solution that helps in the management of finance, sales, orders, inventory, and human resources of a company. The unified ERP solution fully integrates and automates the operations of a company and enhances the efficiency of your business.

Remember to opt for the right option while choosing NetSuite Services. Jobin & Jismi is an Oracle NetSuite alliance partner with a proven track record in NetSuite services. Stay in touch with us for more information.