NetSuite Exposed - Industry Solutions

NetSuite’s product suites are considered primarily horizontal software solutions. However, the company does offer industry-specific configurations for multiple vertical markets including professional services, wholesale/distribution, software/technology companies, retail and nonprofit.

The top 10 NetSuite customer industries are distribution & wholesale; Professional, consulting and other Services; computer software; e-commerce & retail; manufacturing; computer & IT services; telecommunications services; financial services; healthcare services; and education.

NetSuite Wholesale/Distribution edition provides functionality that enables inventory-based enterprises to better manage their transaction processing lifecycle, from lead to fulfillment to invoicing to payment. This industry targeted solution is designed to support customer-facing processes with sales force automation, marketing and customer service processes integrated with back-office inventory management, order fulfillment and financial accounting. This edition also includes basic industry-specific business functionality such as economic order quantities (EOQ) and inventory replenishment.

NetSuite Services Company Edition offers customers the ability to manage their client service sales and delivery using core software components such as CRM, project tracking, time and billing, customer invoicing and financial accounting. The professional services industry solution includes resource and project accounting capabilities such as deferred revenue recognition, Vendor Specific Objective Evidence (VSOE) revenue recognition, milestone and percentage-of-completion billing, resource scheduling, tracking and utilization and project document management. With the recent acquisition of OpenAir, Netsuite is expected to further penetrate the professional services automation (PSA) market.

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