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6 Compelling Reasons Software Companies Choose NetSuite

11 February, 2022
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As more and more businesses digitize their core processes, software companies have been rising to the challenge, designing the infrastructure organizations need to stay ahead of the curve. To help them stay on pace with companies' fervent growth and evolving needs, software providers have been turning to the #1 cloud ERP on the market -- NetSuite. 

Read on to learn six reasons NetSuite helps software companies meet the needs of clients and foster growth and agility.

1. Robust Reporting and Analytics

With NetSuite for software and technology companies, it's easy to surface the big picture you need to guide growth, particularly because it unites data from all corners of your business. For software companies that may have multiple teams producing projects simultaneously, NetSuite’s ability to unify data and provide centralized analytics makes it a powerful decision-making tool.

For instance, if your company is looking for ways to decrease costs, you can use NetSuite to analyze the ratio between what you spend on different kinds of projects. You can then understand which ones are the most profitable and focus on maximizing those kinds of opportunities.

2. Planning and Budgeting

Because NetSuite gives you a comprehensive view of all facets of your financial picture, you can use it to plan and budget with confidence. For software companies, which often need to set aside funds to scale up for new projects, this is essential.

For example, you may need to supplement your core development team with a remote workforce if a new client needs a solution quickly. With NetSuite, you can dig deeper into your current revenue and expenses, then choose a set percentage to put aside so you can hire more developers if needed. 

3. Professional Services Automation (PSA)

You can leverage NetSuite’s professional services automation (PSA) feature to handle staffing, budget tracking, billing, and scheduling. Because NetSuite automates all of these functions, it frees up team members to solve other critical business challenges.

With NetSuite, team members and project managers can have access to real-time information regarding the status of projects and how funds are being allocated. In this way, you can discover potential problems early on—and adjust the development process to avoid them—so they don't negatively impact the bottom line.

4. Salesforce Integration

A NetSuite implementation also includes integration with Salesforce, making it possible for software companies to unify their sales, marketing, service, and IT teams. Every department gets a holistic view of each client and can collaborate to meet their needs. 

For example, because NetSuite integrates with Salesforce, you can enable both a sales representative and a project manager on the dev team to chat with a customer via WhatsApp, Messenger, or SMS, answering their questions and providing updates as necessary. The result is a unified customer support system reassuring the client that they will always have the support they need.

5. Global Business Support

Whether your team regularly consists of members from across the globe or you have to onboard supplemental staff to handle new business, NetSuite’s ability to support a global operation gives all team members a central base of operations. Because everyone has access to the same cloud-based tools and insights, they all sit in the same digital office space.

Also, because NetSuite can accommodate different currencies, the revenue of your Mumbai team, for example, is easy to compare with that of your San Francisco team. This reduces the number of manual reconciliations to accommodate for currency rate fluctuations while also making it easier to get an accurate financial snapshot.

6. Business Customization and Integration

NetSuite for software companies enables you to customize your dashboards according to your—and your clients'—changing business needs. You can also integrate different applications as needed, so you don’t have to discard a tool that works for one or a few of your clients.

For instance, if one team needs the business intelligence features of Mavenlink for a specific client and another feels they need to use Nexvia to improve their efficiency as they build software for another client, there’s no need to choose. A NetSuite implementation allows you to integrate both solutions, customizing your services according to what your clients need.

Taking Your Software Business to the Next Level with NetSuite and GSI

NetSuite services by GSI give software companies the flexibility they need to get the most out of NetSuite while minimizing onboarding time. With decades of experience behind them, GSI’s NetSuite experts can help you choose which features give you the agility you need to meet surges in customer demand, scaling as needed. 

Explore NetSuite consulting services by GSI today to learn more.

Spencer Howard

Spencer is a career-long software development & implementation professional, most recently as Senior Director of Professional Services at Oracle NetSuite. Spencer brings his passion, energy, and experience to take GSI's long success in NetSuite consulting to the next level.

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