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Why NetSuite for Media and Publishing?
NetSuite is an ideal solution for the Media and Publishing industry because it offers a comprehensive, cloud-based platform that addresses the unique challenges faced by businesses in this sector. Media and publishing companies often deal with complex content distribution, subscription management, and multi-channel advertising operations. NetSuite streamlines these processes by providing real-time insights, automating financial management, and offering robust tools for revenue recognition and compliance with industry standards.
Additionally, NetSuite supports global operations, allowing media and publishing companies to manage multiple subsidiaries, currencies, and tax regulations from a single platform. Its integrated CRM, marketing automation, and e-commerce capabilities enable businesses to engage audiences more effectively and monetize content across various channels. By choosing NetSuite, media and publishing companies can achieve greater operational efficiency, adapt to changing market demands, and drive sustainable growth.
Features
Order Management
Enhance sales management and streamline workflow with CRM and invoice integration. Achieve greater profitability through more accurate and integrated forecasting.
Integrated Ecommerce
Manage content subscriptions and sales using NetSuite’s Ecommerce solution—integrated with your general ledger for unified and recurring billing.
Commissions Management
Manage sales commissions, establish auditable structures for complex incentive management, and forecast sales expenses.
Advanced Reporting
Closely monitor content performance, as well as division profitability and performance. View subscriptions across properties and manage expenses, share billings forecasts and determine how to invest in each media property to maximize revenue.
Benefits
- Efficient Operations
A flexible, user-friendly cloud-based system that manages financials, sales, services, and analytics. - Accelerated Order Processing
Speed up lead-to-cash workflows and enhance business efficiency. - Expand Subscriber Base
Advanced renewal management and a unified customer view enable you to deliver superior service. - Monitor Advertising Performance
Gain full visibility from order placement to invoicing.
Addressing Global Challenges
- Data Privacy and Compliance
NetSuite ensures agencies can maintain compliance with global regulations by providing robust compliance tools and centralized data management, enabling secure handling and utilization of customer data. - Cross-Channel Integration
NetSuite’s unified platform integrates data across all channels, enabling seamless campaign management with real-time visibility, ensuring consistent messaging and efficient operations. - Measuring ROI Effectively
NetSuite’s advanced analytics and reporting tools provide deep insights into campaign performance, enabling agencies to comprehensively track ROI and demonstrate value to clients with precise metrics.
Resources
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Frequently asked questions
How does NetSuite handle the unique revenue recognition needs of the media and publishing industry?
NetSuite offers robust revenue recognition features that allow media and publishing companies to manage complex revenue models, including subscriptions, licensing, and advertising. The system automates revenue recognition according to specific rules and standards, ensuring compliance and accuracy.
Can NetSuite help manage multi-channel content distribution?
Yes, NetSuite provides tools for managing and tracking content across various channels. This includes digital, print, and social media platforms, enabling companies to streamline their operations, monitor performance, and ensure consistent content delivery.
How does NetSuite support global operations for media and publishing companies?
NetSuite’s cloud-based platform is designed to support global operations by offering multi-currency, multi-language, and multi-subsidiary management. This is particularly beneficial for media and publishing companies that operate in multiple regions, allowing them to manage their business seamlessly across different geographies.
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