PSA - Professional Services Automation

Overview

NetSuite OpenAir Professional Services Automation (PSA), a part of NetSuite Services Resource Planning solution, helps you accurately plan, track and execute projects.
NetSuite’s OpenAir PSA application handles project management, resource management, project accounting, timesheet and expense management as well as streamlines invoicing and billing to ensure you have on-time project delivery and profitability.
Whether you are struggling to gain control over your projects, accurately invoice your clients or deliver more with less, NetSuite Professional Services Automation solution is the answer.
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Opportunity to Bidding

  • Gain Flexible and Automated Invoicing – Automate project invoices, manage approvals based on customer or project with an end-to-end invoicing engine, view outstanding balance on an invoice in real time and integrate project accounting with general ledger.
  • Automate Project-Level Revenue Recognition Processes –Recognize revenue according to its unique schedule and guidelines, leverage revenue recognition that’s separate from project billing to support how your organization measures profitability.
  • Monitor Project Profitability – Monitor and report on summary and detail project-level accounts including project profitability metrics and project budget versus actual in real time using easy-to-read graphs and reports.

Project Management

  • Get Visibility Into Project Profitability – Track all the financial metrics of a project including budgets, estimates, work in progress, bookings, invoices, billing milestones, percentage complete and costs.
  • Easy Project Setup – Easily set up projects using project templates, utilize flexible project duplication options to create new projects from templates and flexibly assign resources.
  • Gain Complete Project Visibility – View the entire project plan with an easy-to-read chart and get a comprehensive real-time snapshot of project status — down to the task level.
  • Create and Monitor Detailed Project Level Budgets – Create revenue and cost estimates for engagements and use “what if” scenarios to optimize price, margin, billing rates and staffing.

Billing and Financials

  • Get Visibility Into Project Profitability – Track all the financial metrics of a project including budgets, estimates, work in progress, bookings, invoices, billing milestones, percentage complete and costs.
  • Automate Project-Level Revenue Recognition Processes – Recognize revenue according to its unique schedule and guidelines, leverage revenue recognition that’s separate from project billing to support how your organization measures profitability.
  • Monitor Project Profitability – Monitor and report on summary and detail project-level accounts including project profitability metrics and project budget versus actual in real time using easy-to-read graphs and reports
  • Timesheet Approvals – Define user/project level approvals, amend approved timesheets, reject individual time entries on a timesheet or the entire timesheet and empower users to self-reject timesheets when needed.
  • Timesheet Entry – Customize time entry to meet business rules, tailor timesheet layout, include time for multiple projects on the same timesheet and track and submit time in bulk.