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What Is NetSuite SRP?
NetSuite SRP (Services Resource Planning) is a comprehensive solution designed specifically for service-based businesses to manage their projects, resources, and finances more effectively. It integrates key functionalities such as project management, resource allocation, time and expense tracking, and financial management into a unified platform. By providing visibility into all aspects of project delivery and resource utilization, NetSuite SRP helps organizations streamline operations, optimize resource use, and ensure timely and profitable project completion.
With NetSuite SRP, businesses can enhance their project management capabilities by planning and tracking project milestones, budgets, and performance in real-time. The solution also facilitates accurate billing and revenue recognition through seamless integration with financial management tools. This integrated approach enables service organizations to improve project profitability, manage client expectations more effectively, and achieve better financial outcomes.
Features
- Project Management
- Resource Management
- Project Accounting
- Timesheet Management
- Project Delivery and Billing
- Expense Management
Project Management
Determine project costs, budgets, and profitability with real-time visibility. Actionable insights enable easy issue resolution, ensuring improved project completion, client satisfaction, and billable work hours.
Resource Management
Maximize resource utilization by matching skills and availability to projects. Real-time access to resources’ profiles ensures optimal project staffing
Project Accounting
Automate complex billing processes to ensure accurate and timely client invoicing. Gain a comprehensive view of project financials tied to the general ledger.
Timesheet Management
Streamline timesheet submission and approval with integrated project management and billing. Employees can submit timesheets anytime, anywhere, with notifications and intuitive dashboards for tracking approval progress.
Project Delivery and Billing
Access powerful, configurable dashboards for real-time project monitoring. Identify performance issues and projects needing attention quickly.
Expense Management
Customize expense management rules and streamline approval processes. Employees can upload receipts via mobile devices, while managers can approve expenses on the go.
Benefits
- Improved Resource Utilization
Optimizes resource allocation and minimizes bench time - Increased Productivity
Enables anytime, anywhere access for employees - Reduced Bench Time
Ensures resources are properly matched to projects - On-Time Project Delivery
Provides visibility to help meet project timelines - Accurate Invoicing
Automates complex billing rules and revenue calculations - Streamlined Revenue Recognition
Supports standardized revenue recognition processes
Services
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Frequently asked questions
What is the primary benefit of NetSuite SRP?
NetSuite SRP helps streamline operations and improve productivity with anytime, anywhere access to essential project management tools.
How does NetSuite SRP improve resource utilization?
By providing real-time access to resource skills and availability, NetSuite SRP ensures that the right resources are assigned to the right projects, reducing bench time and maximizing utilization.
How does NetSuite SRP streamline revenue recognition?
- NetSuite SRP automates revenue calculations and ties every transaction to a general ledger account, providing a complete view of a project’s financial health. This ensures streamlined revenue recognition and accurate financial reporting.
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