Efficiently manage and analyze project finances
What is NetSuite OpenAir Invoicing?
NetSuite OpenAir invoicing and billing provides powerful tools to manage projects from bid to bill, including time and expense tracking, invoicing, internal chargebacks, and revenue and project accounting. Track multiple offices and employees to ensure clients are billed accurately and on time, and gain a complete view into your projects’ operational and financial health.
OpenAir’s invoice process saves us a lot of time, effort, and heartache.
NetSuite OpenAir Invoicing Benefits
NetSuite OpenAir Invoicing Features
NetSuite OpenAir invoicing provides a powerful billing engine that ensures clients are invoiced accurately and on time to improve cash flow.
Invoicing and Billing
Manage approvals by customer or project with an end-to-end invoicing engine, and view outstanding balances in real time. Create invoices and bill clients with the click of a button. Automatically calculate charges based on billing rules, time entered, and rates. Minimize manual work and disconnected systems, produce custom invoice and summary layouts, and easily share them with stakeholders and clients.
Project Revenue Recognition
Remove cumbersome manual processes from calculating revenue and reconciling month-end closes. Recognize revenue separately from project billing to align with how your organization measures profitability. Automate and adjust project financials based on your unique guidelines, including support for multiple revenue rules like labor, fixed, percent complete, and other charge-based rules.
Advanced Billing Rules
Easily update billing rules on projects to reflect the latest statement of work. Edit rules to fit contract types, like fixed fee, percent complete, time and materials, progress, or unit price. Identify and aggregate costs on a project-by-project basis, and place rule and rate and time period caps on projects for complete control.
Project Analytics and Profitability Reporting
Easily configure the finance dashboard so stakeholders see project finances at a glance, with real-time access to KPIs. Read company message boards, set and view reminders, and review reports directly from the main dashboard. Get alerts when tasks pass set thresholds; monitor forecast revenues by stage; and analyze billing margins, profitability, and other metrics from a single dashboard. Easily drill down to ensure projects are moving in the right direction.
Challenges NetSuite OpenAir Invoicing Solves
How Much Does NetSuite OpenAir Invoicing Cost?
Companies of every size have made the move to NetSuite OpenAir. Looking for a better way to run your projects but wondering about the cost?
Users subscribe to NetSuite OpenAir for an annual license fee. Your license is made up of two main components: core platform and number of users. There is also a one-time imlementation fee for initial setup.
Invoicing capabilities are included with the NetSuite OpenAir module.
Access specifications, features and benefits of NetSuite project accounting.
Spark ideas with success stories from NetSuite customers.
- Energy Research Firm Cadeo Group Boost Client Success and Environmental Impact with NetSuite OpenAir
- W20 Ready to Spread Its Wings with NetSuite as its Growth Platform
- NetSuite OneWorld Powers YouGov’s Global Expansion Strategy
- SYPAQ Speeds Month-End Close, Gets Paid Faster, Fuels Growth on NetSuite OneWorld and OpenAir
See NetSuite project accounting capabilities in action.
View our on-demand webinars, which deliver insights from NetSuite and industry experts.
Guides & Blogs
Go deep into topics around NetSuite project accounting capabilities.
- Automating Project Accounting to Boost Profits (Blog)
- 4 Reasons Why Your Services Projects May Not Be Profitable (Blog)
- Project Accounting: Effectively Invoice Clients for Better Cash Flow and Customer Experience (Guide)
- A Buyer’s Guide to Purchasing Project-Based ERP (Blog)
- 4 Project Profitability Pitfalls Project Managers and Finance Teams Need to Watch (Blog)
Discover best practices and learn more about project accounting from beginner to advanced levels.