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Many of our customers are located in countries where VAT can be calculated either based on cash accounting or based on accrual accounting depending on local regulations, especially in France.

ICT industry’s premier vendor assessment tool ICT MarketScape recently published a report assessing the market for SaaS and Cloud-Enabled Midmarket Finance and Accounting Applications, and a clear leader stands out: NetSuite.

NetSuite includes a quite powerful and flexible reporting tool that offers many interesting features. In the case detailed above, we were able to meet our customer’s expectations using a simple but helpful standard functionality.

Depending on the user’s needs, it is possible to use dunning at customer level or at transaction level, on the invoice.

As part of the vendor payment process, one of our customer wanted to have the possibility to justify any payment sent to a supplier by providing an overview of bills, bill credits and any other transactions in NetSuite applied to this payment.

Active in the SaaS industry and relying on a network of partners to implement their platforms on their behalf, one of our customer wanted to make sure any partner payment (that the partner was entitled to get after a customer platform implementation) would not be made without getting the payment first from the customer for their subscription.

Preparing for e-Invoicing Mandates

NetSuite Health Check

Optimize decisions and vizualize data.

Simplify amortization and link transactions in NetSuite.

Simplify and automate intercompany transactions.

Stay ahead with expert guidance.

Ensure compliance with Belgium GAAP.

Get our Bank Connectivity solution.

Ensure compliance with French GAAP.

Automate dunning with Novutech for better cash flow.

Invoice and Billing Management

Report in Multiple Accounting Standards Simultaneously

Manage a complete asset lifecycle

Streamline. Automate. Comply

Unify your ERP and e-commerce

Run your project lifecycle effectively

Covering your customer lifecycle

Automate inventory management

The solution for your international business: supporting multiple entities, countries and currencies

A powerful and complete all-in-one financial system