What Is NetSuite SRP?
NetSuite SRP offers a software-as-a-service (SaaS) suite that provides a complete solution for a services business. It includes modules for relationship management (CRM), professional services automation (PSA), accounting and financials, and enterprise resource planning (ERP). The cloud-based software suite supports the entire bid-to-bill lifecycle with end-to-end services resource planning.
What Is NetSuite SRP Best For?
Oracle NetSuite SRP project management software is the first and only end-to-end services resource planning (SRP) for professional services organizations. Its best capabilities include speeding up project completion, improving invoice accuracy and efficiency, and reducing accounts receivable cycles.
These capabilities increase cash flow and prevent revenue leakage. Additionally, you can have real-time access and control of the entire business process, from identifying new opportunities to project delivery, invoicing, and revenue recognition. You can achieve this without managing double entry or costly systems and integration overhead.
NetSuite SRP Pricing
The vendor has not disclosed its pricing details. Click "Get Pricing" to learn more.
NetSuite SRP Integrations
NetSuite SRP software can integrate with a business' existing cloud and traditional legacy systems.
How Does NetSuite SRP Work?
Project managers can follow these basic steps to start using NetSuite SRP and streamline professional services business operations:
- Log in with your credentials
- Configure the system to match your professional services business requirements
- Integrate with your cloud and external systems
- Customize the interface and create custom forms and reports for your specific needs
- Monitor the performance of your system and troubleshoot any issues that arise
- Perform regular maintenance and upgrades to keep the system running smoothly
- Back up your data regularly to ensure that you can restore your information in case of a system failure
You can also click "Watch Demo" to schedule a NetSuite SRP demo and learn more about its functionality.
Who Is NetSuite SRP For?
Businesses of all sizes, from 10 to 20,000 resources, will find NetSuite SRP suitable. Since the platform provides professional services automation, it is best for the services industry organizations, including:
NetSuite SRP Features
The software's core features include:
Customer Relationship Management (CRM)
The platform offers web-based CRM tools such as salesforce and marketing automation, customer support and service, and customization. Additionally, it includes standard features for sales performance, order management, and marketing effectiveness.
Businesses can integrate the NetSuite SRP CRM feature with their back office and project delivery. It reduces the risk of errors and improves the efficiency of project activities. The integration ensures that your business uses the same data across all departments and provides real-time visibility into the customer lifecycle, from leads to closing deals and fulfilling orders.
Business organizations can monitor all their resources to easily identify which are currently in use and which are free. They can also utilize the resource finder tool to identify the optimal resources for specific projects. This information allows them to manage the resources' workload and optimize their projects' results.
The resource management features also include the timesheet management module. It makes logging and timesheet approvals extremely simple, helping managers have the right information at the right time. Additionally, NetSuite has onsite and remote access capabilities to ensure submissions of accurate timesheets and their timely approval.
Project Management And Advanced Billing
The software allows project managers and team members to plan and execute projects accurately and effectively. They can estimate and analyze important metrics, collaborate in real-time, and integrate all project activities with financial data to ensure precise accounting and billing. With its advanced features for expense management, the software can accurately bill clients throughout the project lifecycle.
Financial Management / Project Accounting
NetSuite SRP's financial management and forecasting can integrate with your other business processes. It offers advanced revenue recognition, financial planning and forecasting, real-time analytics and reporting, and contract renewal management. These tools offer the services sector more benefits than traditional project accounting software.
The suite offers numerous business benefits as it is a complete solution for a services business. It provides enhanced visibility into an organization's health and offers global accessibility. It provides features like executive dashboards, advanced reporting, and integration with existing cloud and traditional legacy systems.
Is NetSuite SRP Right For You?
NetSuite SRP is an ideal choice for businesses seeking professional services automation. In addition to project management, the software provides comprehensive, integrated features such as resource management, accurate accounting, key financial data management, expense management, and more.
Oracle NetSuite has extensive experience supporting services organizations of various sizes and specialties for over 12 years. They comprehend the specific needs of running a services business and have already provided solutions to over 1,500 professional services organizations across the globe, including both small and large companies. Notable customers include Bearing Point, Bullhorn, Celerant, Empired, and Avventa Worldwide.
NetSuite SRP Pricing Plans
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NetSuite SRP Features
Visual Workflow Management
Process Modeling & Designing
Real Time Reporting
- Integrated CRM
- Global financial consolidation
- Resource utilization
- Steep learning curve
- Some users experienced technical glitches