NetSuite introduced a next-generation services resource planning solution Tuesday at SuiteWorld 2014, the first cloud suite to combine ERP and professional services automation to enable project and product-based businesses to run their business life cycle— from project management, resource management, time-and-expense management, to project accounting—in one software solution.

During his opening keynote, NetSuite CEO Zach Nelson outlined the SRP solution’s new features and functionality, which include multi-model billing for service delivery across the services value chain and mobile and social capabilities.

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