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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.