Technology companies must act decisively under pressure
Technology-focused organizations face intense competition for talent, constant pressure to innovate and the expectation of investors, partners and board members that capital will be well-managed. And they must overcome these hurdles while keeping pace with competitors’ breakthroughs and unyielding pressure to bring new solutions to market.
Software and technology companies must also comply with various regulations that apply to data security, labor, immigration and commerce. Globally, these regulations can vary substantially, and it can be challenging to stay within regional guidelines for companies doing international business.
Cloud-based solutions have the power to flex to your needs
It’s vital for technology companies to use a modern, cloud-based ERP solution that is flexible enough to manage multiple revenue cycles, offers options for revenue allocation and supports reporting that aligns with AICPA revenue regulations.
Oracle NetSuite ERP is the leading cloud-based solution for managing all aspects of your business. NetSuite ERP has the right feature set for technology and software companies, including those that do business globally. Our NetSuite consultants work with a range of technology-focused businesses, from early-stage startups to more established brands in software, hardware, information technology services, semiconductors and more.
Built to support you at every phase
Middle-market technology and software companies can generally be categorized into one of four phases:
- Startup: Focused on obtaining funding, typically from private equity growth partners for the development of their core product and sales generation.
- Rapid growth: Focused on positioning the company for scale and formalizing policies and procedures. Sales growth may include the need to defer revenue and align with ASC606/IFRS15 guidance and growing employee count.
- Established and expanding: Focused on maximizing business value and profitability with an eye toward IPO. Mergers and acquisitions may be taking place along with international expansion as revenue continues to grow.
- Mature and exiting: Focused on regulatory compliance and preparing for an exit to the public sector. Revenue continues to grow so much that it is time to go public.
Throughout the life cycle of your company, we can help you transition from one phase to the next. Positioning your company for growth with the solutions to support that growth is critical. With hundreds of software customers, our experienced team will work with you to understand your business, close gaps and streamline processes.
NetSuite managed services optimizes environment for software provider
RSM is very responsive, with very prompt services. We also have had a few situations…where we leveraged the RSM development team. That has also worked well for us.
With the benefits of this platform, implemented through RSM, on time and under budget, we have a more concise and efficient system.
RSM implements NetSuite for Stages Cycling on time and under budget
RSM was great with keeping us on schedule and making sure we were held accountable. They were fantastic in helping us configure the system the right way…I am very happy with the implementation.
Carbon Black adopts ASC 606 with NetSuite advanced revenue management
1,500+
Largest global NetSuite partner, serving 1,500+ NetSuite clients since 2004
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NetSuite Worldwide Solution Provider Partner of the Year 2013-2014, 2016-2021
500+
With 85 North American offices and practices in 16 countries, RSM has 300+ global NetSuite resources
NetSuite ERP accelerates results and improves efficiency
NetSuite gives you an end-to-end, fully integrated ERP & CRM solution with robust functionality across billing, reporting, revenue recognition, human capital management and payroll. Key benefits for technology & software companies include:
Manage recurring billing processes and renewals and increase profitability by cross-selling and up-selling to customers. Free up time with automated billing for subscription- and maintenance-based revenue streams.
NetSuite OpenAir PSA gives you the power to run core business operations, including project management, resource optimization, project accounting, time and expense management and billing and revenue recognition.
NetSuite can easily integrate with third-party solutions—such as Salesforce for complete lead-to-cash automation, Avalara for tax automation and compliance, and Concur for expense management.
Leverage a single database for your entire business with NetSuite’s native reporting and analytics capabilities. Or select from a number of external solutions to capture and analyze enterprise-wide data for improved decision making.
NetSuite’s native tools and reporting support complex and evolving standards such as AICPA revenue recognition, FASB and SEC (including SOP 81-1, SAB 101, EITF 00-21, EITF 08-01 and EITF 09-03).
Manage your international operations, including global reporting, GST, VAT and consumption tax management, multisubsidiary consolidation, and multicurrency and multilanguage requirements
NetSuite’s robust case and issue management capabilities include a customer support portal, real-time order status and payment management. Offer your clients a knowledge base and track the time your team spends managing client service issues.
Use NetSuite’s planning and budgeting solution to create and share plan details and documents, collaborate with other decision-makers and share comments, formulas and worksheets—in a single shared location.
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