Power your Energy Business

The energy industry is undergoing rapid change on multiple fronts. Changing consumer expectations, regulatory requirements and capital expenditure needs are compelling energy companies to modernize existing infrastructure, invest in alternative or renewable energy sources and seek new revenue streams to grow their business.

Used by more than 20,000 organizations across the globe, NetSuite's unified business management suite helps energy and utility companies optimize their operations for sustainable growth.

• Gain full visibility into your integrated financials with prebuilt, accounting-intelligent capabilities.
• Accept and process electronic payments from your customers in a secure and reliable manner.
• Track, manage and report the book value and depreciation of your company's fixed assets.
• Close with confidence and report financials quickly and accurately.
• Ensure proper security, support compliance and gain complete audit trail visibility.
• Configure and monitor business processes and workflows.
• Get immediate visibility into financial performance with pre-built or customized reports.

Timely Information and Insight
Improve business performance with real-time metrics and role-based dashboards.

Close with Confidence
Accelerate the financial close while maintaining compliance with applicable accounting standards.

Streamline the Back Office
Eliminate errors with automated processes and reduce the reliance on spreadsheets.

• Model and evaluate unlimited “what if” scenarios between actuals and projections and update forecasts as needed.
• Establish rolling 12-month forecasts and analyse variance between actuals versus project results.
• Create and consolidate driver-based plans with customized data entry sheets and reusable formulas and allocation methods.
• Provide self-service and easy-to-use reporting across the organization.

Reduce Planning Cycle Times
Collect inputs and assumptions, review iterations and present consolidated results in a timely manner.

Speed Decision Making
Drill across budget, forecast and actuals to see the impact on performance in real-time.

Align the Organization
Centralize your budget with forecast and actual information in one place, providing a single version of the truth.

• Manage the entire lead-to-cash cycle with a single unified set of tools.
• Better manage and cultivate important relationships with a 360-degree view of all constituents.
• Expedite resolutions by assigning, managing, and routing customer support cases across multiple communications channels, including phone, fax and web.
• Organize and publish content easily, allowing your customers and service reps to quickly track down the information they need.
• Provide your customers with highly personalized and interactive service on the portal—boosting customer satisfaction and retention.
• Track all actions, from intake to closure.

Improve Customer Relationships
A true 360-degree view of the customer, including sales, support cases and financial transactions.

Efficient Accounts Management
Create a holistic view of all accounts and their contacts with related activities in a single view.

Improve Marketing Effectiveness and ROI
Make more educated decisions about your marketing spend—targeting highest return avenues and donor segments.

• Automate revenue recognition with financially intelligent capabilities to report results in accordance with accounting standards.
• Better manage and cultivate important relationships with a 360-degree view of all constituents.
• Automatically generate and dispatch invoices at recurring intervals on time.
• Schedule renewals automatically or set reminders in advance to pursue upsell and cross-sell opportunities.
• Package and offer the service you want based on the type of rates and duration needed.

Timely Information and Insight
Improve business performance with real-time access to revenue-related ending balances and revenue recognized.

Streamline the Process
Take control of recurring processes by automating billing cycles and renewal periods.

Align the Organization
Unify all stakeholders with one system, from sales and service reps to finance managers and executives.

• Gain real-time, detailed visibility into key inventory control and supply chain management measures.
• Streamline procurement processes using convenient online ordering and intelligent workflow routing.
• Model how expected sales and purchase orders will affect inventory levels.
• Self-service capabilities for partners, vendors and customers improve collaboration throughout the entire supply chain.

Run Lean Operations
Manage every step of the product lifecycle from factory to store with an integrated manufacturing and wholesale distribution solution.

Strengthen Vendor Relationships
Collaborate with suppliers, vendors and partners by providing self-serve access and real-time visibility.

Forecast with Confidence
Anticipate demand with better accuracy to maintain sufficient inventory levels.

• Request approval to procure goods and services quickly and easily.
• Optimize procurement for recurring needs with negotiated terms, tiered pricing, and pre-specified delivery schedules.
• Enforce compliance with purchasing thresholds and guidelines.
• From acquisition through payment, automate the complete procurement process for goods and services.
• Accept a variety of credit and debit card types and other electronic forms of payment for online payment processing needs.
• Establish budget and spend controls to ensure compliance with policies.
• Maximize the accuracy and timeliness of your timesheet and expense processes with online self-service tools.
• Gain real-time visibility into the spending trends across your organization.

Control Spend
Automate the procure-to-pay process and drive greater visibility into spend.

Ensure Compliance
Configure requirements, authorizations and approvals.

Engage Users
Help users engage with the system via a simple, intuitive user interface.

• Ensure compliance and accommodate requirements with easy and timely customized reporting.
• Create reports and dashboards that combine operational and financial data and KPI’s.
• Analyse statistical measures and results for each department, location, funder/donor and more.
• Gain instant, real-time visibility for all key stakeholders, from high-level summaries down to the underlying transactions.
• Ensure compliance and minimize risk with robust security, segregation of duties and fully auditable business processes.

Insight
Achieve real-time transparency into company performance across all business functions—from summary level to transaction level.

Single Version of the Truth
Get a single version of the truth with all data residing in a single source.

• Adjust for currency, taxation and legal compliance differences at the local level, with regional and global business consolidation and rollup.
• Global CRM provides visibility into every aspect of your multinational organization, even with multiple languages and currencies, including forecasts and campaigns.
• Manage inventory and fulfilment across multiple locations.
• Run multi-store / multi-country / multi-site ecommerce with country-specific web stores and websites managed from a single NetSuite account.

Efficiencies
Manage your entire global operations on a single unified platform.

Rapid Financial Close
Significantly reduce time to close with real-time management and financial automation capabilities.

Visibility
Provide instant insight across the hierarchy of subsidiaries with role-based dashboards.