NetSuite Advanced Revenue Management

Flexible Revenue Automation for Modern Business

Managing revenue processes across diverse sales channels, product lines, and corporate entities introduces complexities beyond standard order-to-cash capabilities. You need flexible revenue automation tailored to your unique business model.

NetSuite Advanced Revenue Management enhances baseline NetSuite order processing with sophisticated capabilities to automate pricing, billing, payment, and recognition aligned to your multi-dimensional revenue operations.

Why Choose NetSuite Advanced Revenue Management?

  • Configure customized pricing models, discounts, promotions aligned to sales organization and channels
  • Automate sophisticated subscription, consumption/usage based billing aligned to offerings
  • Support complex revenue allocation rules, deferred revenue, recognition milestones
  • Maintain consistent invoice presentation, taxes, credits across customer touchpoints
  • Assemble multi-element arrangements with flexible billing schedules
  • Maintain revenue compliance across channels and subsidiaries
  • Gain analytics on booked revenue vs recognized revenue
  • Eliminate spreadsheet-based processes and manual errors
  • Focus your team on revenue strategy versus transaction processing

NetSuite Advanced Revenue Management enables enterprises to customize multi-faceted pricing, billing, and revenue recognition workflows across diverse sales channels, customer segments, and product offerings. It enhances baseline NetSuite order processing with advanced automation tailored to your unique business model and revenue strategy. 

Key Features and Functionality of NetSuite Advanced Revenue Management

Pricing Management

  • Volume, tiered, customer, channel specific pricing 

  • Customizable price books, schedules, updates

  • Automated discounting, promotions, approvals

Self-Service Commerce

  • Customer/partner portal

  • Custom catalog and shopping

  • Payment/order histories

  • Tax estimates, quotes 

    Automated Revenue Recognition

    • Custom rules for splits, allocation, milestones

    • Automated amortization schedules

    • Compliance reporting on recognized revenue 

    Subscriptions and Contract Renewals

    • Multi-year subscription management

    • Flexible renewal, amendment terms

    • Automatic renewals, invoices, payments

    • Subscription metrics and reports

    Usage and Milestones-Based Billing

    • Recurring, metered, project billing cycles 

    • Invoice milestones mapping

    • Deferred revenue tracking

    • Usage metrics monitoring

    Customization and Integration of NetSuite Advanced Revenue Management

    Customization Options

    • Custom pricing formulae

    • Specialized billing schedules 

    • Workflow tailoring with SuiteFlow 

    • Add custom records, transactions, reports

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    Integration with Other Modules

    • Combined quotes-to-cash workflows
    • Shared item, customer, order data 
    • Real-time availability checks
    • Inventory updates on revenue events

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    Third-Party Integrations

    • Payment gateway connectors

    • Accounting system adapters

    • Custom API and EDI integrations  

    • Analytics to BI/reporting tools

    Industry-Specific Solutions

    Software/SaaS

    • Usage and subscription-based billing

    • Automated monthly/annual recurring billing

    • Multi-tiered pricing models

    • Customer self-service portal

    • Revenue forecasting, recognition

    Retail

    • Omnichannel sales integration

    • Custom promotions, coupons

    • Matrix/bundle items pricing

    • Loyalty program discounts

    Healthcare

    • Patient payment plans

    • Custom procedure bundles

    • Insurance claim management

    • Subscription medical devices

    Manufacturing

    • Volume discounts and promotions  

    • Channel/reseller pricing rules

    • Contract manufacturing invoicing   

    • Revenue allocations across goods, services, parts

    Media and Publishing

    • Title royalty management

    • Subscription and circulation billing

    • Advertising tracking and billing

    Nonprofit

    • Donation management

    • Grant and fund administration

    • Automated recognition rules

    • Campaign budgeting 

    Wholesale Distribution

    • Flexible price lists by product lines, brands                        

    • Automated dealer/franchisee billing

    • Landed cost-based pricing rules                 

    • Reseller partner portal

    Professional Services

    • Project milestone billing

    • Fixed-fee and time & material billing

    • Automated revenue recognition

    • Utilization reporting 

    Grow Flexible Revenue Automation

    Connect with a SuiteRep specialist to learn how NetSuite Advanced Revenue Management provides a customizable automation platform allowing you to quickly launch new offerings while efficiently managing billing, payment and revenue recognition complexity.

    FAQs

    How do the revenue recognition rules ensure compliance with our accounting standards?

    The module allows configurable revenue recognition rules tailored to standards like GAAP or IFRS across milestones, allocation percentages, amortization schedules etc. This data seamlessly flows into downstream financial reporting across books and subsidiaries. 

    How is pricing visibility controlled across global sales channels?

    Sophisticated matrix pricing capabilities exist to provide channel, partner or geography-specific pricing control to sales teams while preventing unauthorized access to sensitive pricing data.

    How can project milestones be matched to billing and revenue recognition events?

    The solution enables complete flexibility to tie billing schedules, invoice timing, and revenue allocation percentages directly to delivery milestones across professional services projects and managed services contracts.

    How is multi-partner billing automated for joint projects?

    Automate allocation of billing and recognized revenue across multiple companies or partners within an engagement based on customized percentages or ratios configured into the billing schedules.

    How can utilization and budget metrics be reported across engagements?

    Leverage detailed visibility into employee timesheets and expenses to report real-time utilization rates, budget burn rates across individual engagements or delivery teams enabling better resource planning.

    How are complex multi-element arrangements analyzed and allocated to books?

    Robust underlying revenue allocation logic facilitates automated assignment of complex revenue arrangements across multiple GL subsidiaries and books precisely aligned to performance obligations.

    How can renewals processes be automated for subscriptions?

    Flexible subscription management capabilities exist to define renewal timeframes, terms, automatic triggers for renewal invoices and collections as well as reports detailing renewal performance.

    How is commission calculated for customized billing rules?

    As billing schedules can model complex revenue arrangements, the underlying transactions seamlessly drive the commission calculations engine to precisely reward teams as recognized revenue gets realized.

    How is IP licensing automated as part of delivery billing?

    Easily automate billing and revenue recognition for IP license sales or consumption as part of services delivery based on custom metrics like usage volume, territories or number of end-users.

    How is order and billing data integrated with the GL in realtime?

    Advanced Revenue Management leverages a unified data model across order management, billing, payments and revenue recognition that helps real-time posting into appropriate GL subsidiaries or books.

    How can the sales team configure special pricing and promotions for customers?

    Guide-based rules configuration empowers sales teams to independently build and manage sophisticated pricing and promotions tailored to customer segments without IT help.

    How is revenue data integrated into financial reporting and planning processes?

    Revenue transactions flow automatically into financial statements or analytics. Budgeting and planning views leverage revenue commitment data enabling accurate forecasts incorporating pending billing and recognized revenue streams.