Once a foreign concept, the “internet of things” is now a catchy household phrase for devices connected to the internet, collecting and sharing data. From consumer items like scales and refrigerators to traffic monitors, assembly line machines, and, quite literally, everything in between—IoT is here to stay.
In fact, IHS estimates that the number of connected devices will likely reach upwards of 75 billion by 2025—a 226% increase from 2018. While this explosive growth presents incredible opportunities for businesses in nearly every industry, oftentimes, having the right technology and processes in place to sell, manage, track, and bill both the devices and associated services is an afterthought. Systems and processes not only need to be optimized but aligned and connected—just like the devices you sell.
IoT is the future—are you coming? NetSuite can help you get there.
Future-proof your business with NetSuite
What sets NetSuite apart is its ability to create a single source of truth for all your critical data. This holistic view of your business means that every piece of vital information is accessible from one central platform. The advantages of this unified approach are manifold. First and foremost, it leads to remarkable improvements in efficiency. Tasks that were once time-consuming and prone to errors can now be executed with precision and in a fraction of the time. Additionally, the comprehensive visibility offered by NetSuite empowers you to make smarter decisions with greater confidence. Real-time data and insights are readily available, allowing you to respond to changing market conditions and emerging opportunities swiftly.
In a fast-paced business landscape, where agility and informed decision-making are paramount, NetSuite’s integrated system provides the foundation you need to thrive and stay ahead of the competition. With NetSuite as your ERP solution, you are equipped to enhance your operational efficiency, gain valuable insights, and ultimately drive your business toward greater success.
Future-Focused
With NetSuite, you won’t get trapped using an outdated system. Future-proof your business with software that is always up-to-date. Plus, customizations and extensions carry forward seamlessly. How easy is that?
Integrated & Streamlined
Seamless integrations with NetSuite order management, inventory, CRM, and e-commerce functions to streamline critical business processes.
Meet Demands… and Expectations
NetSuite automates inventory management, reduces handling costs, and optimizes cash flow while ensuring real-time visibility into asset, replenishment, and tracking data.
Swift & Compliant Financials
Seamlessly couple finance and accounting functions with strong compliance management for speedy and accurate financial close processes.
Subscription billing—directly within NetSuite
IoT devices, in their fundamental form, are essentially hardware tools. The true ‘wow factor’ doesn’t stem solely from the data these devices collect but rather how that data is effectively delivered to your customers. While basic features are typically bundled for free with the device, adding a premium touch with advanced functionalities is the key to building enduring customer relationships and creating a dependable source of recurring revenue. This is precisely where subscription services become indispensable.
Enter 360 Subscription Billing, your solution to simplifying the management of subscriptions and various long-term contracts within the NetSuite ecosystem. Our platform streamlines this process, making it more effortless than ever before. You can automate recurring invoices, facilitate electronic payments, and seamlessly manage renewals. Additionally, our offering provides access to SOX-compliant tools, ensuring that your operations are aligned with industry standards. You can make temporary price adjustments, modify subscription terms, incorporate usage charges, and synchronize your revenue streams, among other capabilities.
Bill On Your Terms
Flexible contract start dates, billing dates, and end dates. For easier back-end management, 360 Subscription Billing also allows you to co-term subscription bill and end dates.
Automated Revenue Recognition
360 Subscription Billing helps you stay compliant by integrating seamlessly with NetSuite’s Revenue Recognition and Advanced Revenue Management.
Data at Your Fingertips
As a Built for NetSuite Native SuiteApp, you can leverage NetSuite reports to access data, analytics, and KPIs around subscriptions, customers, and revenue.
Easy Subscription Changes
Whether a temporary adjustment like a promotion or special offer, or an ongoing change like an upsell or downsell, automated billing proration frees your team from manual adjustments.
Subscribe to a new way of doing business
When it comes to turning your IoT aspirations into tangible reality, you need a trusted partner who excels in NetSuite and subscription billing, and there’s no better choice than us. With a team of seasoned NetSuite-certified experts, we bring over 125 years of collective experience to the table, along with a remarkable track record of over 400 successful implementations.
Our commitment to excellence is evident in the fact that we built 360 Subscription Billing from the ground up. This in-depth understanding of the platform allows us to offer you unparalleled expertise in maximizing the potential of your subscription model. We are not just knowledgeable about the technology; we are passionate about helping you achieve your IoT goals. With us, you’ll have the dedicated support and specialized knowledge required to transform your IoT dreams into a successful and sustainable reality.
Let’s Get Growing
Sound familiar? 360 Cloud Solutions can help.
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