How NetSuite OpenAir ensures on-time project delivery & project profitability
Organizations in service based industries often struggle to remain competitive. One of the major reasons for their struggle is the use of obsolete technology. Often service based organizations use excel spreadsheets that deter them from achieving increasing productivity, efficiency and improving collaboration and visibility. Even if they’ve moved beyond conventional, time-consuming Spreadsheets, use of disparate software solutions limit their growth due to siloed and scattered information.
Apart from this, another challenge they face is in resource management. When there are too many moving parts, you’re unable to find out what is missing due to lack of actionable insights. On top of losing money on project delays, this also costs you reputation. To address these challenges, you need a cloud based professional service automation solution. Not only it offers you real-time analytics on projects and resources but also provides you the visibility you require to allocate and track your resources and predict future needs confidently.
Among some of the available professional service automation solutions, NetSuite OpenAir has gained laudable recognition in the global market. In this blog, we’ll discuss what NetSuite OpenAir is and how it can make your service organization competitive and future ready.
What is NetSuite OpenAir?
NetSuite OpenAir is a cloud based professional services automation (PSA) software that makes your organization competitive and profitable with improved resource utilization, project margins and on-time project delivery. Since OpenAir is a cloud based PSA, it drives down IT costs, decreases project accounting and expedites billing cycles.
Read our blog: Why your service organization should consider NetSuite SRP for growth and profitability
Key reasons why should you opt NetSuite OpenAir
NetSuite OpenAir ensures on-time project delivery by empowering project managers with clear, real-time visibility into project dynamics. Managers can proactively identify and resolve potential threats and can collaborate with team members to maintain current and accurate project status at all times.
OpenAir allows team members to enter timesheets online, anytime, anywhere, using a standard browser and an internet connection while managers can approve and capture detailed timesheets, whether in the office or on the road.
OpenAir comes packed with reporting, submission and approval processes to automate and streamline the entire expense management cycle. Managers can track expenses and reimbursements online, anytime, anywhere, using a standard browser and an internet connection.
OpenAir ensures that the right resources are working on the right projects by providing centralized access to up-to-date, easily searchable profiles of resources skills. Based on skills, interests, experience, language expertise, work preferences, availability, and several other criteria, managers can deploy resources to projects. Resources can directly manage and update their profiles.
Reporting and Dashboards:
You can analyze metrics such as resource utilization, profit margin, and project budget vs. actual in easy to read graphs. KPIs and dashboards in OpenAir can be configured as per individual needs, enabling users to have instant access to the information that matters.
Invoicing and Billing:
OpenAir is designed to address the complexities of the services industry. OpenAir's project accounting functionality provides revenue recognition separate from project billing to support exactly how your organization measures profitability. OpenAir helps you in seamless management of projects by supporting multi-currency and multi-taxation requirements including VAT, GST, and PST.
Financial leaders can set initial budget forecasts and then track actuals, comparing different scenarios to allow on-the-go visibility of financial performance. Financial teams can track detailed cost budgets on a project by project basis. You can also create multiple stage approvals on budgets with full alerting and tracking ability using OpenAir configurable workflow engine.
How can we help you?
We, at AGSuite, are authorized Oracle NetSuite implementation partners. Our NetSuite services range from licensing to implementation, optimization, customization, and integration. Feel free to contact us, if you’re looking for NetSuite OpenAir Managed services.