At 67 Solutions, we understand the Software industry very well and in particular, how NetSuite can be used to model your software business for the most effective support of your operations.
Software companies typically have mixed revenue models, including things like monthly and annual subscriptions, time and materials development contracts, one-time installation fees, and maintenance contracts charged annually based on yearly licensing fees.
These conditions make billing logistically challenging, create revenue recognition complications, and managing mid-stream subscription changes (upsells and downsells) a feared task.
We can help you optimize NetSuite for your Software business by implementing Advanced Revenue Management, SuiteBilling, and setting up your dashboards to track SaaS KPIs.
Drop us a line and a 67 Solutions Strategist will be happy to get right back to you.