NetSuite for Fast Growing Software Companies
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Catalyst ERP implements Oracle NetSuite Cloud ERP to provide fast growing and mid-sized software companies with the functionality required to run their business.
As the software industry becomes more complex, revenue recognition has also become more complex, leading to spreadsheets and increasingly complex calculations to support the latest revenue recognition standards.
Niche or Global – NetSuite is right for you
Regardless of whether you are a niche business or a global vendor, NetSuite’s Cloud ERP platform allows you to manage your entire business from end-to-end. It provides the opportunity to operate more efficiently, the scope to be more scalable and gives you visibility that will enable you to compete more effectively within your marketplace.
Our NetSuite Cloud ERP solutions provide functionality to support:
- Marketing & Sales (CRM)
- Procurement and Supply Chain
- Renewals & Support
- Operations
- Finance
If you are a startup or a more established software company, it’s critical to have visibility across your operations and key business functions through real-time reporting.
Recurring revenue has become the lifeblood for most software companies
Typical challenges facing software companies include:
- Lack of timely financially reporting – Real-time financial reports, granular drill down and visibility into cash management
- Adherence to key financial standards – To effectively manage the entire accounting process with complete coverage across the major accounting disciplines, with order to cash purchasing and expense management
- Complex revenue recognition – Complete support for all the key revenue recognition standards that allows automatic revenue calculation
- Lack of visibility, needing real-time reporting across all business location – Real-time role-based dashboards
- Effectively managing recurring revenue for automating the renewal process – Gain complete control of the renewal process and managing billing for subscription and maintenance streams
- Lack of a 360-degree view – Cross sell and upsell management for advanced quoting, finance and sales integration