Financial Services

As the pace of change continues to accelerate in the financial services industry, digital transformation has become a key strategic initiative for staying ahead of the curve. In a data-driven world, having the latest operational stats at hand is essential for any Financial Services firm to compete. To do so, many Financial Services firms are realizing they need more than a traditional accounting system. They recognize the need for technology that is embedded with comprehensive business management capabilities and is built to handle change and complexity.

Using non-integrated applications makes it impossible for Financial Services firms to obtain necessary insights without duplicated and wasted effort. The solution is to switch away from siloed applications and bring all sales and accounting systems into one place. An integrated suite also offers the optimum customer experience, as it means you have a single record of each customer, following from the initial prospect point right through to repeat business status.

Having a reliable, scalable system that can help your organization keep track of planning, budgeting and forecasting gives your team a leg-up, by improving visibility and allowing staff to focus on growing the business. NetSuite’s Planning & Budgeting for Professional Services provides this capability.

See how NetSuite can transform Financial Services firms

Features and Benefits

As the #1 vendor of cloud-based solutions, NetSuite’s PSA and SRP software solutions, along with the OpenAir Resource Management module, drive high performance and provide powerful tools to help you manage your projects, resources and finances. Additionally, SuiteSuccess utilizes industry best practices for a fast and effective implementation that delivers added functionality for Financial Services firms.

Professional Services Automation (PSA)

Designed from the ground up to serve the needs of your growing services delivery business, our PSA solutions are easy to implement, and simple to maintain. And as your processes change, NetSuite’s powerful configurability and expanded capabilities in project management, resource management, project financials, billing and invoicing, available when you need them.

Whether you are struggling to gain control over your projects, accurately invoice your clients or deliver more with less, NetSuite PSA solutions have you covered.

  • Delivers real-time visibility into your services organization’s performance and profitability
  • Improves on-time project delivery and drives project success rates
  • Increases resource utilization with advanced resource management functionality
  • Equips your services team with mobile access to time and expense management
  • Reduces hardware maintenance costs and upgrade hassles with cloud-based delivery

Services Resource Planning (SRP)

NetSuite’s SRP solution enables you to streamline operations and drive profitability by optimizing the entire services business lifecycle. NetSuite SRP helps you complete projects more quickly, generate invoices accurately and efficiently, and decrease accounts receivable cycles, so you improve cash flow and eliminate revenue leakage.

With NetSuite SRP, you gain complete visibility into and control over the entire business in real-time, from the moment a new opportunity is identified through to project delivery, invoicing and revenue recognition, all while eliminating double entry and costly systems and integrations management overhead. Increase visibility across your business, including forecasts, resources, projects and KPIs and empower your service teams with anytime, anywhere access in the cloud, supporting users where they work – on the go, at client sites or remotely.

Running a global services business? Combine NetSuite SRP with the power of NetSuite OneWorld to gain real-time, global business management and financial consolidation for multi-national and multi-subsidiary operations. With NetSuite OneWorld SRP, you can manage multiple subsidiaries, business units, legal entities, global resource pools, billing rates in any currency, taxation rules, reporting requirements and more – all from a single system.

Open Air Resource Management

For a services business, there is nothing more valuable than consultants and being able to effectively deploy the right resources to the right project. NetSute’s OpenAir Resource Management module enables you to optimize your staffing and utilization by minimizing your bench and ensuring that qualified resources are working on the right projects. NetSuite OpenAir Resource Management gives you visibility into all aspects of your project resource management needs, helping to increase overall resource utilization and manage and deploy resources based on employee skills, experience and availability.

NetSuite’s OpenAir Resource Management capabilities include:

  • Comprehensive Resource Management – Get a centralized view of all allocations for each of your resources so that you can effectively balance their workloads and optimize utilization.
  • Project Staffing – Quickly find and allocate resources to projects based on their skills, demographic information, experience, or work preferences so the right staff is on the right project.
  • Resource Forecasting – Plan your projects efficiently with resource forecast reports and generic resource capabilities that provide insight into your organization’s ability to staff future projects.
  • Utilization Tracking – Track and optimize resource utilization with real-time dynamic charts and reports that provide insights on resource allocation levels with drill-down details.
  • Strategic Project Insights – Generate strategic project insights with powerful and real-time analytics and reporting capabilities without having to hunt down the information or piece it together.

Contact us today to discuss how we can serve you best.

What Our Clients Have to Say

Explore solutions for all your business needs