NetSuite SRP is a professional software used by organizations for streamlining their project-related activities. The software is used to manage operations and its integrated features facilitate project management, project-based accounting, resource management, time tracking, and expense recording tasks. The SRP can be integrated with external accounting software or customer relationship management systems to provide a holistic service.
There are billing and project accounting features included in the NetSuite system and it can integrate with ERP, CRM, HR, and payroll applications. A professional firm that needs to manage all its business operations and lifecycles can use the Services Resource Planning software. It offers real-time insights that can be used to target higher revenues and increase the profitability of a project. Companies can maximize the utilization of resources and make data-driven decisions that will contribute to their progress. The platform is cloud-based and all data is secured in virtual servers with encryption.
The software is suitable for small to mid-level organizations offering professional services. There should be at least 50 employees on board who will be using the SRP tools. The software can be deployed for software developers, IT consultants, media companies, healthcare organizations, and other service industries. NetSuite provides a complete SaaS solution that has a web-based interface and can be accessed from any browser, operating system, or internet-enabled device. The company offers training videos, webinars, and live online support to assist with technical matters.
NetSuite Pricing Overview: The NetSuite SRP software has a monthly subscription rate and their basic package starts at $399. All services are included in the price and technical support is available to all clients through several communication channels. They do not offer free versions nor do they entertain free trials. However, companies can request a full demonstration before they buy the license.
NetSuite Project Management Pros: It has a robust project accounting tool that helps keep track of expenses and generates comprehensive reports that can be shared with stakeholders. The software can be used to automate many tasks and it saves time with quick functions too. Users can view the project progress at the click of a button with the SRP software.
NetSuite Project Management Cons: The resource assignment tool does not work as it is supposed to and it often double books slots which is inconvenient for clients. There are some issues with the navigation especially when it comes to the drop-down menus. They need to improve their technical support response time as well because users have to wait a long time to hear back.
Accounting Sheets: NetSuite SRP comes with built-in templates that can be used to input all incoming and outgoing invoices. There are options to generate reports and documentation for proposals, meetings, and client information.
Resource Management: Users can allocate resources to different users, employees, or tasks from within the software window. They can view schedules and assign responsibilities or slots based on availability. It is very simple to maximize efficiency through the resource management module.
Time Tracking: Managers can view the time spent on each task through the tracking tool. They can track the productivity levels of each employee and also add deadlines or due dates wherever necessary. NetSuite SRP increases accountability and encourages employees to use their time wisely.
Analytics / Reporting: View progress, generate reports, and analyze data using the powerful features included in NetSuite. The software has data processing and analysis tools that can help you track resources, predict trends, and create business plans. There are templates for reports and each one has professional diagrams and figures to present to board members or investors.