Will your existing business systems (or spreadsheets) enable you to prove out your compliance with the new revenue recognition standard, ASC 606 “Revenue from Contracts with Customers”? NetSuite’s Advanced Revenue Management Module simplifies revenue recognition complexities and provides real-time revenue compliance and intelligence. SaaS Consulting Group’s NetSuite practice team includes CPAs (former CFOs, Controllers and Accounting Managers) certified on NetSuite. Many of our software customers have implemented NetSuite Advanced Revenue Management to enable accurate, complete and timely ASC 606 revenue compliance. We believe NetSuite’s capabilities combined with our team’s accounting experience translates to best practices across your business, including revenue recognition.
Click here to speak with one of our experienced NetSuite practice team members.
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It's interesting to consider just how much time it takes and how many resources can be involved, to simply pay vendors, pay employee expense reports, or even to receive and process a check payment against a customer billing. Many companies still engage in activities that result in sub-optimal working capital management and inefficient deployment of resources.
NetSuite's Electronic Bank Payments (EBP) SuiteApp enables companies to process bank payments for vendor bills, employee expense reports, commission payments, customer refunds, and ACH bank payments from customers for invoices by creating bank-compliant file exports ready to import into banking software or submit to your bank for processing. EBP supports batch processing, approval routing workflows, automated customer direct debits for invoice payments, Positive Pay, and International bank support. SaaS Consulting Group can help quickly setup and configure EBP for your company to enable you to get paid faster, and reduce cost and inefficiency in your disbursement cycle. Is managing every detail of your business operations taxing or cumbersome? With Sales Cloud for Salesforce, the heavy lifting of handling normal business processes is taken care of. With powerful features such as lead management, pipeline monitoring, sales data insights, and report building, Sales Cloud allows you to maximize where your time and resources are spent. Optimizing your business strategy/performance is easily attainable with Salesforce backing your efforts.
Do you use a spreadsheet based tool to manually process billing dates and invoices for multiple customers? Companies with billing cycles for the licensing fees and services they provide often have to keep track of the differing days and intervals at which they charge: Monthly, quarterly, yearly, etc. NetSuite offers a contract renewal feature to automate the process of timely invoices, and service renewal notices. This feature helps your business eliminate wasted time and money, that would otherwise be spent tediously managing adjustments, and sensitive information yourself.
Is the manual entry of recurring invoices, amortization journal entries, and expense allocations keeping your valuable Accounting resources from more strategic activities? Is the completeness and accuracy of your critical financial information dependent upon manual processes and/or unreliable offline expense amortization and allocation spreadsheets? NetSuite's Advanced Financials module delivers powerful automation capabilities that streamline and automate repetitive billing, close activities and reduce costly errors. The Advanced Financials module also enables you to capture and manage unlimited non-financial measures (headcount, square footage, shares outstanding, etc.) in statistical accounts for reporting and analysis. SaaS Consulting Group can help configure and deploy the NetSuite Advanced Financials Module in a short amount of time, and guide you on utilization best practices. Start leveraging the expanded automation capabilities of NetSuite today and recapture the significant time savings for other value-generating activities.
Do you need to operate your business on the go? Salesforce1, the mobile app from Salesforce, allows our customers to look at sales data, collaborate with customers or colleagues, and close deals faster all from a phone. The vast array of existing applications along with the ability to create custom solutions makes the Salesforce1 app a powerful tool for any business.
Do you want to increase your incoming lead traffic? With Salesforce’s web-to-lead functionality, you can! Simply generate the form in Salesforce and post it to your website. Whenever the form is submitted, Salesforce will generate a lead using information provided. This allows more customers to reach you and helps you process potential customers faster.
Does your business need help keeping track and managing your sales pipeline? SAASCG helps our Salesforce customers to manage their sales process from beginning to end. Track the entire process from leads to closing a deal by updating deal information real-time. This ranges from tracking opportunity milestones to recording all opportunity-related interactions. The functionality of Salesforce is entirely configurable per your needs and SAASCG can help you get there.
Do you need a way to track and organize approval requests in your company? With Salesforce, the process couldn’t be simpler. Let’s say an employee submits an expense report that needs approval. Salesforce can look at the amount specified and determine who to forward the approval to. If the bill is low, it could be to the manager; if it’s high, it can also be forwarded to the vice president. If the expense is approved by both authorities, the report is labeled “Approved” and the next part of the workflow starts (such as reimbursing the employee and recording the expense on the financial statements).
Are you worried about recognizing revenue properly? Netsuite’s Revenue Recognition software can handle that for you. Not only is this solution compliant with all major accounting standards, but it also updates the financial statements the moment the revenues are recognized. Never again will you have to worry about incorrectly recognizing revenues!
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