NetSuite Inc., an on-demand business software provider, unveiled NetSuite - Software Edition, a software company-geared version of their online flagship software system.NetSuite - Software Edition has updated three specific areas of its original online edition to meet the special needs of software companies. The new edition enhances the financial management, customer relationship management and dashboards of the software system.
Within the financial management enhancements, revenue recognition supports the America Institute of CPAs', Financial Accounting Standard Board's and Securities and Exchange Commission's rules and regulations, and manages generally accepted accounting principles revenues and billings separately. This back-office portion of the new edition also offers advanced billing and renewal, and maintenance sales management that puts start and end dates on customers to automatically trigger contract renewal reminders.
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