NetSuite Advanced Revenue Management (ARM) Explained

NetSuite Advanced Revenue Management (ARM)

Handling revenue can be tricky, especially for businesses with lots of products or subscriptions. NetSuite Advanced Revenue Management helps by making this process easier and faster. It works with other NetSuite modules to handle revenue in a way that follows accounting rules like ASC 606 or IFRS 15.

This tool saves time by reducing manual work and helps businesses stay accurate and clear with their numbers. Whether you’re a growing company or an established one, it’s a helpful way to keep your finances in check.

What is NetSuite Advanced Revenue Management?

Advanced revenue management NetSuite is a tool that helps businesses handle how they track and recognize revenue. Part of a larger accounting software system, it keeps financial records accurate and easy to manage.

This tool is perfect for companies that deal with subscriptions, long-term contracts, or complex billing setups. It automates tasks such as tracking income and ensuring compliance with all rules. This saves time and reduces mistakes, helping businesses stay focused on growth.

If your company struggles with manual revenue tracking, this system can make life much easier.

Key Features of NetSuite Advanced Revenue Management

Here are the key features of NetSuite Advanced Revenue Management. Each feature helps simplify complex revenue processes:

  • Automated revenue recognition: Tracks income automatically, ensuring it follows accounting rules like ASC 606 or IFRS 15.
  • Flexible revenue rules: Allows businesses to manage revenue in ways that fit their contracts and billing cycles.
  • Forecasting tools: Helps predict future revenue so businesses can plan ahead with confidence.
  • Multi-currency support: This makes it easy for companies working with global customers to manage revenue in different currencies.
  • Integration with accounting software: Connects directly to other NetSuite systems for smooth data sharing and accurate reporting.
  • Real-time reporting: Provides instant updates on revenue, helping businesses stay informed and make quick decisions.

These features help reduce errors, save time, and make revenue processes more manageable for growing companies.

Why Choose NetSuite for Revenue Management?

Managing revenue can get complicated, especially as your business grows. That’s where NetSuite software comes in. It helps make revenue tracking and recognition much easier, saving time and reducing manual work.

With its modern tools, it handles complex financial processes and keeps everything organized in one place. You don’t need to worry about messy spreadsheets or missed steps.

Using NetSuite software means you can focus more on growing your business and less on fixing errors. A smart choice exists for any company looking to simplify its revenue management.

Benefits of Using Advanced Revenue Management in NetSuite

Here are the key benefits of using Advanced Revenue Management in NetSuite:

  • Saves time: Automates revenue processes, reducing the need for manual work and repetitive tasks.
  • Improves accuracy: Minimizes errors in revenue tracking and recognition by following built-in accounting rules.
  • Ensures compliance: Helps businesses meet standards like ASC 606 and IFRS 15 with no extra effort.
  • Handles complex contracts: Easily manages revenue for subscriptions, long-term contracts, or multiple payment plans.
  • Real-time insights: Provides instant access to revenue data, helping you make better and faster business decisions.
  • Supports business growth: Scales with your company as your revenue processes become more complex over time.

With these benefits, Advanced Revenue Management in NetSuite is a great tool for simplifying revenue management.

The Role of Automation in NetSuite ARM

Automation is a significant component of how NetSuite ARM makes revenue management easier for businesses. It takes over tasks like tracking income, scheduling revenue recognition, and creating reports. This means fewer mistakes and less time spent on manual work.

With automation, businesses can focus on growth instead of spending hours fixing errors or updating spreadsheets. NetSuite ARM automatically ensures that you follow all accounting rules, so you don’t need to worry about compliance. This smart use of automation helps simplify processes and keeps financial records accurate without extra effort.

How to Get Started with NetSuite Advanced Revenue Management

Getting started with NetSuite Advanced Revenue Management is simple if you have the right help. First, you’ll need to understand how this system fits into your financial processes. Then, you can connect it with other tools like NetSuite accounting for better control over your numbers.

If you’re new to NetSuite or need expert advice, NetSuite consulting services can guide you. A good consultant will help set up the system, train your team, and answer your questions.

At Hundred MS, we’re here to help you every step of the way. Whether you’re just starting with NetSuite or adding Advanced Revenue Management, we’ll support you throughout your journey. Our team ensures everything runs smoothly, so you can focus on growing your business.

Conclusion

Revenue management mustn’t be complicated. With tools like NetSuite Advanced Revenue Management, businesses can save time and reduce mistakes. They can also keep track of their finances. By using automation and connecting with NetSuite modules, companies can simplify their processes and focus on growth.

Whether you’re just starting with NetSuite or want expert advice, Hundred MS is here to help. Our team can guide you through setup, training, and every stage of your NetSuite journey. Let us make revenue management easier for you, so you can concentrate on building your business. Contact us today!

Nare Khachatryan

Nare Khachatryan

Business Analyst at Hundred MS

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Narek Abgaryan
Narek is the CEO and co-founder of Hundred MS. With a dynamic career that spans investment firms, asset management, risk management, and corporate finance, Narek has demonstrated a profound ability to navigate and innovate within the financial sector. His work across various countries and in diverse financial domains reflects a global perspective and an adaptable, forward-thinking approach. He Brings a wealth of knowledge and experience from the worlds of finance and technology. As a distinguished graduate of the University of Oxford and Hult International Business School, Narek has earned a reputation for excellence in the financial domain. His credentials, including the esteemed CFA and FRM certifications, are a testament to his deep understanding and expertise.
CFA, FRM
Narek Abgaryan
CFA, FRM, Fund Manager & CEO
Narek is the CEO of Hundred CJSC. Before embarking upon this position, he accumulated 7+ years of multinational experience including the positions of CEO, Head of Research and Member of the Board at various licensed and regulated investment companies. Narek is a graduate of Hult International Business School, Armenian State University of Economics and is currently pursuing his education at Saïd Business School of the University of Oxford. Narek is a CFA charter holder and a certified FRM.
Our Mission
Our mission is to extend our partner-based, specialized and cost-effective cooperation to our clients to enable them to focus on their long-term strategy and leverage their core competencies around value-creating activities, thereby boosting Armenia’s economic development.
Our Vision
We have a deep conviction that the financial system is the pillar of our civilizations. Economies that are exploding with growth are the ones that adopted modern finance. We aim to reach a reality where access to unconventional finance technics should be within reach of every economic unit. This shall empower everyone to allocate their human and financial capital more purposefully and innovatively for the benefit of a secure, wealthy, and responsible society.
Objectives
In "Hundred" CJSC, we are structuring our goals to revolve around the best interests of our investors and business partners. The basis we build our strategy on is satisfaction of expectations of our Clients, by bringing substantial profits to them through ethical management of investments, assets and portfolios. In the path of achieving the set tasks, we target new financial products adapted to the Client’s needs and offer variety combinations of interdisciplinary innovations. Following our set of values, we see our short-term goal in becoming one of the leading players in the domestic market, pursuing the long-term ambitious goal of integration into regional and global financial markets.
Corporate Values
We believe that earning the trust of each Client cements the next layer of the foundation of the Company’s reputation. Financial relations are built on trust; thus, our reputation is the heart of our business. Our allocentric approach to dealing with clients ensures that we always put their interests first. We do our utmost to make sure that our decisions are utterly disconnected from the greed when it comes to rendering our services. Promulgating ethics and adhering to the highest professional standards are the bedrocks of our corporate values.
  • Are your financial records more puzzling than they should be?
  • Has the audit process become a recurring nightmare for your firm?
  • Do important financial decisions stall due to unclear or absent financial reports?
  • Are high operational costs without clear returns keeping you awake at night?
  • Is hiring and maintaining a full-fledged financial team putting a strain on your resources?
  • Are you in the dark about your company's true valuation and need clarity?
  • Is the challenge of cleaning up your accounting books holding your business back?
  • Are outdated systems causing inefficiencies, prompting the need for an ERP implementation?
  • Have you identified the need for a robust risk management strategy but don't know where to start?
  • Are you looking for a one-stop firm that can handle everything from corporate strategy to asset management?
Are You Ready to Transform Your Businesses’ Financial Landscape?
Are You Ready to Transform Your Businesses’ Financial Landscape?
  • Are your financial records more puzzling than they should be?
  • Has the audit process become a recurring nightmare for your firm?
  • Do important financial decisions stall due to unclear or absent financial reports?
  • Are high operational costs without clear returns keeping you awake at night?
  • Is hiring and maintaining a full-fledged financial team putting a strain on your resources?
  • Are you in the dark about your company's true valuation and need clarity?
  • Is the challenge of cleaning up your accounting books holding your business back?
  • Are outdated systems causing inefficiencies, prompting the need for an ERP implementation?
  • Have you identified the need for a robust risk management strategy but don't know where to start?
  • Are you looking for a one-stop firm that can handle everything from corporate strategy to asset management?
Levon Garibyan
Levon, the co-founder and Business Development Director of Hundred MS, brings over a decade of international experience to his role. His career spans managing private firms with diverse business profiles across the UK, UAE, and Russian Federation. Levon has not only excelled in steering these companies towards growth but has also specialized in business development strategy and fundraising. His expertise in these areas has significantly contributed to the expansion and success of these firms. Levon's academic background is equally impressive, having studied at Cranfield University School of Management and Moscow State University of International Affairs (MGIMO), where he honed his skills in business management and international affairs.
Levon Garibyan
Levon is the Business Development Director and Strategy Specialist of the company. He acquired international experience of more than 10 years, managing private firms with various business profiles in UK, UAE and Russian Federation. Levon studied in Cranfield University School of Management and Moscow State University of International Affairs (MGIMO).
Business Development, Strategy & Fundraising
David Tarkhanyan
David is the co-founder of Hundred MS and the CEO of Hundred MS GmbH. His track record in delivering innovative financial solutions and driving performance improvement initiatives showcases his ability to lead complex projects and navigate the intricate world of finance. David's breadth of experience has equipped him with the unique ability to understand and address the multifaceted challenges businesses face today. His exceptional qualifications, marked by the CFA and FRM certifications, reflect his deep commitment to financial mastery and strategic insight. David's career is characterized by a wide-ranging experience in investment banking, performance management, controlling, and reporting, among other critical financial domains.
David Tarkhanyan
David Tarkhanyan
David Tarkhanyan
Financial Controlling Investment Banking
David is the co-founder of Hundred MS. He is a Banking specialist with a focus on Financial Controlling, Planning, and Performance Management. His experience extends more than 10 years in various investment banks in Vienna and Frankfurt. David studied Physics at Bauman University and Industrial Engineering at the American University of Armenia.