With more than 16,000 customers running NetSuite across more than 200 countries and dependent territories, some of the world’s best-known brands trust their businesses to NetSuite and take their financial and operational processes to the cloud.
Synchronizing Complex Processes from Order to Billing to Revenue Recognition
SuiteBilling turns billing into a competitive differentiator from a stodgy, back-office feature by putting it at the center of the company. The Centralized Billing System of NetSuite supports purchases, subscriptions, usage-based, and any of its hybrid models, all while monitoring revenue efficiently and in accordance with the new revenue recognition standards. NetSuite is an innovative and advanced solution, providing unprecedented control and versatility over the processes of billing and revenue management. SuiteBilling is a centralized platform that embraces the continuum of monetization models and enables consumers in today’s marketplace to be agile, creative and competitive.
- Core unified framework connects transactions, subscriptions and projects to the billing engine and seamlessly flows to financials.
- Allows for the creation and management of subscriptions (including value based/usage subscriptions) and support for recurring billing with full integration to advanced revenue management and ASC 606 compliance.
- Provides for the creation and management of complex rating models, often coupled with high volume transactions.