Industry Details
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Software
We deliver NetSuite solutions tailored to the unique needs of software and SaaS companies, ensuring seamless subscription billing, revenue recognition, and financial automation. We understand the unique challenges of managing recurring revenue, contract modifications, global tax compliance, and SaaS profitability tracking, ensuring your company operates efficiently, accurately, and at scale.
Subscription & Recurring Billing
- SuiteBilling & ASC 606 Compliance: Ensure automated billing aligns with deferred revenue recognition standards.
- Multi-Tier & Usage-Based Pricing: Support subscription plans, metered billing, and per-user pricing models.
- Automatic Renewals & Upsells: Configure workflows to reduce churn and maximize customer lifetime value.
Revenue Recognition & Compliance
- ASC 606 / IFRS 15 Revenue Recognition: Automate deferred revenue schedules and contract-based revenue allocation.
- Multi-Element Arrangements (MEA): Properly allocate revenue for bundled software, services, and support.
- Deferred Revenue & Contract Modifications: Track changes in customer contracts, upgrades, and term extensions.
SaaS & Software Financial Metrics
- ARR/MRR Tracking: Automate calculations for Annual Recurring Revenue (ARR) and Monthly Recurring Revenue (MRR).
- Churn & Customer Lifetime Value (CLV): Generate reports on customer retention and revenue expansion.
- CAC & Gross Margin Tracking: Monitor Customer Acquisition Cost (CAC) and profitability across customer segments.
Multi-Entity & Global Operations
- Multi-Subsidiary & Currency Management: Use NetSuite OneWorld for global consolidations.
- Intercompany Transactions & Transfer Pricing: Automate financial workflows between subsidiaries.
- Tax Compliance for SaaS (VAT, GST, Sales Tax): Integrate with Avalara or other tax engines to manage international tax requirements.
Contract & Customer Management
- CRM & CPQ Integration: Sync NetSuite with Salesforce or HubSpot for lead-to-cash automation.
- Customer Support & SLAs: Track support contracts and automate renewals.
- License & User Management: Manage software entitlements and automate provisioning workflows.
Expense & Profitability Analysis
- Deferred Costs & Capitalized Software Development Costs: Ensure compliance with GAAP and IFRS standards.
- Cloud Hosting & Infrastructure Cost Allocation: Track AWS, Azure, and Google Cloud expenses.
- Profitability by Product & Customer Tier: Analyze financial performance across different software offerings.
Security & Compliance
- SOC 1, SOC 2, and GDPR Compliance: Ensure proper financial controls and data privacy protocols.
- Role-Based Access & Audit Trails: Restrict sensitive data access and maintain audit-ready financial records.
We focus carefully on key areas like ASC 606 revenue recognition, multi-tier subscription billing, MRR/ARR tracking, and deferred cost management. Whether you’re handling complex licensing models, multi-entity financials, or cloud infrastructure cost allocation, we configure NetSuite to support your growing software business.
With deep industry expertise and a focus on automation and compliance, we don’t just implement NetSuite—we streamline operations, optimize financial visibility, and enhance growth potential. Partner with us for a NetSuite solution built for the fast-paced software industry.