Robust Financial Tools
NetSuite has it all when it comes to accounting and financial management. Inside its platform, you’ll find core accounting functions, billing, global accounting reconciliation & consolidation, financial planning & reporting, revenue recognition management, and GRC (governance, risk, and compliance) features. Because of this, your invoicing activity connects with other accounting functions seamlessly for better financial management.
Flexible Billing Scheduling
Do you have several clients that all pay you on a recurring basis, but at different times and on different schedules? NetSuite makes it easy to control all of this thanks to its billing scheduling features.
Through this billing-scheduling feature, you can easily use sale orders to generate invoices while ensuring said invoices date themselves properly. These invoices are also automatically sent out on the correct dates/at the right intervals.
Another recurring billing feature NetSuite offers is subscription management. You can do all the basics necessary to sell subscription services — defining subscription terms/pricing, subscription proration, creating multiple renewal options, and more.
Reporting and Analytics
No business solution would be complete without reporting and analytics, and NetSuite comes in heavy with these features. It offers an entire platform called SuiteAnalytics dedicated to this.
SuiteAnalytics offers the ability to perform highly complex data analysis tasks yet simplifies the UI enough so that doing so is easy — even for inexperienced users. You can save searches and reports, create pivot tables and charts with drag-and-drop, create advanced filters, and more.
NetSuite is also working on advanced AI and machine learning to implement into the platform for even more powerful insights.