NetSuite’s Advanced Revenue Management solution enables companies to comply with accounting standards including ASC 605, 606 and IFRS 15, while also allowing to report financial results in a timely manner. NetSuite’s revenue recognition capability automates revenue forecasting, allocation, recognition, reclassification, and auditing through a rule-based event handling framework. Whether you deal in products, services, or both, and, whether these transactions occur at a single point in time or across different milestones, NetSuite’s revenue recognition solution will help you schedule, calculate and present revenue on your financial statements accurately.
With NetSuite, we’re now organized to grow, a huge and emerging market is still in front of us. We never would have been able to tackle that without the structure NetSuite and Positive have brought.
Positive helped my company set up a brand new entity in under 10 days leveraging our existing NetSuite instance. We would never have been able to do that as quickly or efficiently without NetSuite or Positive Venture Group
Positive not only saves me several hours a month of bookkeeping and accounting effort, they also helped us easily transition from QuickBooks to Netsuite with better project-based accounting and comprehensive reporting.