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NetSuite ERP - The complete solution for services companies
To stay competitive in the market, companies in the service sector need to be adaptable and innovative. An appropriate ERP system can assist in global growth and business scaling. NetSuite ERP is a comprehensive solution that integrates essential business processes and removes the need for multiple separate systems. It simplifies the management of complex revenue models, supports international expansion, and offers analytical tools for improved decision making.
Read more about NetSuite and why it’s the #1 cloud ERP.
Challenges faced by companies in the services industry
The fast-growing service sector faces several challenges. These include increased competition, remote work, higher staff turnover, smaller profit margins, and complicated financial reports. Additionally, companies may be spread across multiple locations or countries, face skill shortages, struggle to achieve optimal capacity utilisation, and maintain high invoicing rates.
Why is NetSuite the best solution for services companies?
All-in-one solution
NetSuite offers a fully integrated, cloud-based solution that covers case management, accounting, financial management, consolidated accounting, project management, time and expense accounting, planning and revenue sharing. It eliminates the need for multiple separate systems, enabling streamlined operations.
Integrations and configurations
While NetSuite provides a comprehensive solution, it is essential to select systems that align with your specific business needs. This may involve utilising separate systems for CRM, time and expense accounting, document management, case management, or service systems. In NetSuite, all integrations and configurations are automatically included in the next release.
Scalability
NetSuite is designed to be scalable, and the system can grow with the needs of the business. Whether it's adjusting user numbers, adding new business units, or entering new market segments, NetSuite supports companies of all sizes - from 10 to 20,000 employees.
Global business needs
NetSuite supports international operations by managing different currencies, tax rules and accounting standards. It allows software companies to expand globally without encountering barriers related to the business system.
Powerful analytical tools
NetSuite offers advanced reporting and analysis tools, providing businesses with real-time insights. This is critical for software companies that need to monitor and optimise their performance.
Projects and planning
NetSuite effectively manages different project levels, budget versions, and follow-ups. It also covers skill management, intercompany transactions, expense management, resource planning and subcontractor coordination.
Interested in NetSuite for your services company? Book a free consultation with us!
Wolt's international growth journey powered by NetSuite
Discover how Wolt, a rapidly growing technology company, partnered with Staria to implement NetSuite ERP to support their rapid international expansion and efficient business management across 20+ countries.
Europe's leading NetSuite partner
At Staria, we understand the challenges of managing complex project models, resource allocation, capacity utilization, internal trade and billing models. We can assist you in applying the best process practices in NetSuite and help you with reporting and forecasting as these play an important role for most companies. We are also experts in revenue reporting. In fact, many of our NetSuite consultants are certified in revenue management. We have also developed many different types of integrations between NetSuite and various external systems.
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