Efficientix / Industries / Professional services
ERP for professional services: projects, time and billing connected.
Control projects, time, expenses and billing by client, and know each project’s profitability with your finance in the same system.
The challenge
What holds back your operation in professional services
A professional services company sells hours and knowledge, and its margin is decided by how much of that time gets billed. NetSuite connects projects, time and expense capture, billing and revenue recognition with accounting; Efficientix configures it to your billing model.
What NetSuite does
What NetSuite does for professional services
Projects and budgets
Hours and cost budget against actual progress.
Time capture and utilization
Time entry with utilization visibility.
Flexible billing
Time and materials, fixed price, milestones and retainers.
Expenses by client
Expenses with approval and client reimbursement.
Revenue recognition
Revenue in line with progress and milestones.
Mexico subsidiary: tax compliance
CFDI 4.0, payment complement and DIOT.
Efficientix solutions
What Efficientix adds to NetSuite in professional services
Expense app
The expense app captures and approves travel and expenses by client and project, with tax receipts.
Learn moreCustomer and supplier portals
The customer portal offers statements and invoices online, and the supplier portal orders subcontractors and vendors.
Learn moreBuk HR with NetSuite
Buk HR connects human resources, attendance and team performance with finance and project costs.
Learn moreMX+ localization
MX+ invoices with CFDI 4.0 and handles payment complements and DIOT from NetSuite.
Learn morePaystand with NetSuite
Paystand connects B2B collections and payments with NetSuite to reconcile fees faster.
Learn moreNetSuite EPM
NetSuite EPM plans revenue, utilization and costs by service line and lead.
Learn moreNetSuite Analytics Warehouse (NSAW)
NetSuite Analytics Warehouse shows profitability by client, project and lead.
Learn moreAsk NetSuite
Ask NetSuite lets you query unbilled hours, WIP and receivables in natural language.
Learn moreLearn about NetSuite ERP · Implementation services · NetSuite support
Artificial intelligence
AI in Professional services
Unbilled hours
You ask which hours have gone more than 30 days unbilled by client and AI returns the prioritized list.
Profitability that is anticipated
With progress and hours consumed, AI helps flag projects that will exceed budget before close.
Client summary
A natural-language summary of a client’s status: projects, billing and collections, for the account lead meeting.
Questions your team can ask Ask NetSuite
Which hours are pending billing by client?
Which projects are over budget?
Show me team utilization this month.
FAQ
Questions, answered
Does NetSuite handle billing by hours, milestones and retainers?
Yes. You can bill by time and materials, fixed price, milestones or retainer, and recognize revenue according to progress.
How do I know a project’s profitability?
Hours, expenses and billing are recorded against the project, and NetSuite compares cost and revenue in real time.
Is it suitable for a small company that is growing?
Yes. NetSuite scales with the number of service leads, projects and entities. We implement with SuiteSuccess.
Can I run more than one entity or country?
Yes. NetSuite OneWorld handles multi-subsidiary and multi-currency with consolidation.
How are travel expenses controlled?
With the expense app: capture, approval and receipts with a cost center by client or project.
// NETSUITE
Let's talk about your NetSuite project.
Tell us which system you run today and what you want to solve. We will propose the next step.
Operating in Mexico?
Does your company have a subsidiary in Mexico?
Run it in the same NetSuite as your U.S. headquarters. MX+ localization brings CFDI 4.0, DIOT and electronic accounting built in, with support in English and Spanish.