Client Request:
“We need a streamlined approach to track our customer projects within NetSuite, ensuring we can efficiently monitor costs and revenues for each project. We require a solution that allows us to customize project records, track expenses, and generate detailed reports to better understand project performance. Additionally, we want to ensure that our project records are linked to the respective customer records for seamless reference. Can you help us address these needs?”
Solution:
NetSuite’s “Projects” feature efficiently addresses the client’s request by allowing the creation of customized project records as subrecords of customer profiles, enabling seamless linkage between projects and customers for easy reference.
It provides robust tools for cost tracking, time and expense logging, invoicing, and revenue recognition. With reporting and analytics capabilities, you gain valuable insights into project performance, while custom fields and forms accommodate project-specific data.
User access controls enhance data security, ensuring that only authorized individuals can access and manage project-related information. This comprehensive solution streamlines project management, optimizes cost tracking, and facilitates revenue generation.
To Enable feature, Go to Setup -> Company -> Projects under General tab
