Service Organizations need to track and monitor their resources working across multiple projects to ensure high service quality standards leading to Customer satisfaction.
Netsuite’s integrated project management module helps delivery heads with project creation, project timeline tracking, budgeting, time and helps generate reports.
This helps analyze the resource utilization on each project, the cost incurred, employee efficiency & their workloads, and assures that their employees can focus on mission-critical activities by giving complete visibility into all project details and tickets.
The Project Management module seamlessly integrates with the NetSuite financial systems, thereby enabling organizations to create and issue invoices for the specific projects and also helps in tracking the project expenses and helps to compare the performance with the budget. NetSuite Project Management module also includes revenue recognition, resource management, timesheet & expenses, and other project-related financials that give a wholesome view of the Project seamlessly.
With the Gantt chart, you can get better visibility into project schedules, monitoring project progress, and start & end dates of each project. With the Project P&L Tab, you can track the project’s progress and view costs associated with it. Key reports are as follows.
NetSuite’s Timesheets functionality allows your employees to enter and submit their timesheets on a weekly basis. The employee can also submit their expense report and upload receipts through NetSuite mobile app. This saving employee time and effort. Also, NetSuite allows you to customize the workflow process for timesheet and expense approval.
Netsuite can bill the projects based on the delivery of materials or achieving project milestones or according to a billing schedule. The billing schedule type specified based on the type of project: Fixed Bid Interval/Milestone Billing, Time and Materials Billing, and Charge Based Billing. NetSuite can generate revenue forecasts based on the effort planned across the planned project billing schedule.
