Drive Cash Flow by Automating Project Accounting and Invoicing

Overview

Maintaining tight control over the strategic direction of your projects, supporting resources effectively and ensuring that projects are completed on time and within budget are critical components to maximise service delivery performance and profitability.

NetSuite Project Accounting connects project activities with company financials, helps ensure accurate accounting and billing throughout project lifecycles, and streamlines time and expense management and provides extensive reporting capabilities.

NetSuite Project Accounting is integrated with the general ledger, accounts payable, accounts receivable, sales orders, purchase orders, inventory management and the employee portal.

Benefits

Monitor Profitability

Monitor project profitability and get real-time visibility into project finances against budget.

Improve Cash Flow

Improve your cash flow by invoicing customers quickly and more accurately.

Reduce Manual Effort

Automatically invoice customers for billable work and expenses and reduce manual effort and errors.

Flexible Invoicing

Align invoicing to changing project, regional, customer and business needs.

 

Features

Gain Flexible and Automated Invoicing

Automate project invoices, manage approvals based on customer or project with an end-to-end invoicing engine, view outstanding balance on an invoice in real time and integrate project accounting with general ledger.

Automate Project-Level Revenue Recognition Processes

Recognise revenue according to its unique schedule and guidelines, leverage revenue recognition that’s separate from project billing to support how your organisation measures profitability.

Monitor Project Profitability

Monitor and report on summary and detail project-level accounts including project profitability metrics and project budget versus actual in real time using easy-to-read graphs and reports.

Resources

Demo

See NetSuite SRP in action
Watch demo

Customer Story

Hear how NetSuite SRP enabled Cardinal Path to grow their services business.
Download now

Datasheets

Find out all the Solution details for
NetSuite SRP 
NetSuite PSA OpenAir 

Whitepaper

Benchmarks and Best Practices for Professional Services Success SPI Research
View whitepaper