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Corporate PresentationProducts - NetSuite Corporate Presentation © Prospance Inc. 2013
About Prospance Prospance is an IT services, and Software Products company. Prospance is headquartered in US and has its offshore delivery center in India. Since inception, the company has grown over 100% annually Prospance currently has an offering of one native SAP product, iMask and two mobile SAP products Mobile Timecard Approval and Visual Performance Management. Prospance also provides Netsuite Implementation and operations support services to Small and Medium business customers in US. Corporate Presentation © Prospance Inc. 2013
Corporate Overview ScopeAll activities at Prospance are aimed at executing customer engagements predictably. We achieve this by assigning consultants to engagements who are: Experts in their technology domain Have multiple years of relevant experience Committed to the success of their customers Open minded and ready to explore alternate solutions to solve business challenges of their customers Qualified and customer-oriented and embody our innovative spirit and partnership approach with our customers All product development activities at Prospance are influenced by problems being addressed by its customers. We build our products to solve business problems of our customer. Corporate Presentation © Prospance Inc. 2013
Engagement Model – Customer FirstOur customer engagement model is customer centric. We engage with customer at each stage to minimize any risk to the engagement. Our customers are happy with the level of information shared with them. We believe is customer delight thru our execution methodology. Engage the customer from the beginning. Set right expectations to avoid time and budget overruns. Provide greater visibility to engagement ensuring smoother execution. Help with faster decision making Provide alternates to deliver higher quality solutions. Corporate Presentation © Prospance Inc. 2013
NetSuite Implementation - ServicesCloud Computing assessment NetSuite evaluation NetSuite implementation NetSuite optimization Operational support Business Process Outsourcing Corporate Presentation © Prospance Inc. 2013
What is NetSuite? It’s a cloud based business management solution which runs mission critical applications across finance, CRM and ecommerce. NetSuite is a subscription based service that provides real-time visibility for everyone. NetSuite’s data center manages the architecture, performance, security and reliability of data for their clients. Corporate Presentation © Prospance Inc
What is Cloud ComputingAutomated backups, uptime, SLA, maintenance Multi-tenant solution provided by vendor Automated upgrades What is Cloud Computing Elastic, pay as you go – scale up or down Web and mobile -access from anywhere Modern web based integration Corporate Presentation © Prospance Inc. 2013
Run Your Entire Business in the CloudCEO CFO Sales Rep/ Manager Support Manager Ecommerce Manager Shipping Customers Vendors Partners Corporate Presentation © Prospance Inc. 2013
Suite Cloud Platform: Powers Complex Customization & Application ExtensionsInfrastructure Application Developer Tools Corporate Presentation © Prospance Inc. 2013
Why Choose NetSuite? Mobility: Cloud based and accessible from remote locations. Enables management of distributed workforce and outsourcing . Visibility from Anywhere: Real-time role based dashboards, Self Service Reporting & Analytics, Personalized Dashboards and KPIs. Reliability and scalability Automatic upgrades by NetSuite: Eliminates infrastructure upgrades, automatic customization migration. IT cost reduction: No separate license cost for hardware, desktop and server operating system cost, upgrade cost, database and application cost etc. Corporate Presentation © Prospance Inc
Net Suite Implementation – Key ModulesFinancial Accounting Inventory Management CRM Ecommerce Corporate Presentation © Prospance Inc
NetSuite Implementation – Key ModulesNetSuite provides a single integrated data source for all applications. The main components of NetSuite include: Financials /ERP: Features include Order to Cash management, Purchasing & Order management, Inventory Management, Financial accounting and Payroll & Employee Management. CRM: NetSuite’s Customer Relation Management covers all customer touch points. Some of the supported features are - Sales Force Automation, Marketing Automation, Customer Support & Service. Ecommerce: NetSuite's ecommerce functionality leverages the power of the World Wide Web. The ecommerce portal ties together online customer acquisition efforts with back-office order fulfillment and order management functionality. The Web Store includes features such as credit card processing, PayPal, secured shopping cart, integrated inventory & order management, eBay integration etc. Corporate Presentation © Prospance Inc
Financials & ERP -FeaturesNetSuite streamlines back-office processes for growing and mid-size businesses. By melding your business processes together - rather than isolating them as departmental functions - you improve communication and collaboration across all departments. NetSuite eliminates the need for data re-entry, batch downloads or data consolidation, improving your productivity and competitive edge. Reduced IT costs by 50% or more Accelerated financial close by 20%–50% Cut quote-to-cash cycles by 50% or more Reduced invoicing costs by 25%–75% Improved sales productivity up to 20% Reduced days sales outstanding (DSO) by 10%–20% Corporate Presentation © Prospance Inc
Financials & ERP - FeaturesNetSuite provides a single integrated data source for all applications. NetSuite OneWorld: Enables global implementation of multiple subsidiaries covering multiple geographies in one instance. Multi-currency features: Enable recording of transactions in local currencies and also reporting in local currencies as well as in group level currencies. Consolidation: Enables easy final consolidation of financial statements in group currency involving account balances in different currencies. Multi country tax set up: NetSuite OneWorld set up enables setting up tax schedules applicable for different subsidiaries based on geographic locations. Corporate Presentation © Prospance Inc
Powerful Transaction Management:Procure-to-Pay Management : Integrates order fulfilment with inventory management and suppliers, improving efficiency at every step. Record to report : Net Suite provides for flexible setting up the company structure and financial segmentation along with core accounting operations-based business processes which enables accurate and detailed reporting and dash boards with up to date data. Corporate Presentation © Prospance Inc. 2013
ERP : Transaction managementOrder-to-Cash Management : Net Suite ERP fast tracks order-to-cash process by integrating with Net Suite CRM capabilities or with third-party CRM system and manages lead to order processing seamlessly . Project to Cash : The business processes focus on the management of projects, which covers project setup and time entry. NetSuite provides advanced capabilities that include the ability to manage expenses and billings associated to projects. . Corporate Presentation © Prospance Inc
Inventory Management NetSuite provides intelligent control over inventory replenishment, helping ensure that you have enough on hand to fill anticipated orders, while keeping excess stock to a minimum. Average lead time, historical or seasonal-based sales demand, and number of days’ supply to stock are used to dynamically set reorder points and preferred stock levels for each item, on an ongoing basis. You can always override or disable these calculations for individual items to handle atypical circumstances. You set up the rules, NetSuite runs the numbers - the end result is a dynamic ordering queue in which you can order all your inventory items with one click and get what you need, when you need it. Leverage lot and bin management to effectively manage inventory locations and costs Serialized inventory allows traceability of products across all stages of production Track and manage key indicators such as shipping costs, delivery performance, inventory levels and more. Corporate Presentation © Prospance Inc
Inventory Management NetSuite offers units of measure capabilities combined with quantity-based pricing, allowing you to offer flexibility in volume pricing and better control your restock levels. Units are also reflected in your sales and inventory reports, so that you can analyze which units have the highest sell-through rates, and later adjust your pricing, production and stock levels to maximize revenue. Seamlessly leverage multiple units of measure for buying, selling and costing Manage unit measurement across your website, retail stores and partner channels Improve invoicing accuracy by using and validating correct unit measurement. Validate purchase order costing by matching deliveries to vendor requirements. Corporate Presentation © Prospance Inc
CRM Module Sales Force Automation: Includes features such as Lead Tracking & Assignment, Lead Routing, Opportunity Management, Quote Generation, Team Selling, Commissions Management, Forecast and Order Management. Marketing Automation: Online Lead Forms, Automatic Campaign Tracking & Analysis, Lead Source Management, Campaign Management, Campaign Marketing, etc. Customer Support & Service: Includes Case Management, Case Capture from Web Site, Auto Escalation, Case Tracking, etc. Corporate Presentation © Prospance Inc
E Commerce : Overview E- Commerce:Net Suite provides for seamless business management suite and ecommerce platform that allows to run the entire organization from the cloud. Corporate Presentation © Prospance Inc
NetSuite Ecommerce: SuiteCommerceNetSuite SuiteCommerce gives you the industry's only cloud-based ecommerce storefront that centralizes all your customer, marketing, financial and inventory data, connecting all your processes and delivering unprecedented visibility and efficiency. Efficiently operate across physical stores, web, smartphones, tablets and call centers without managing multiple systems Engage customers with a relevant and personalized shopping experience across all touch points Manage orders customers, inventory, suppliers, marketing and more from a single integrated solution Offer targeted promotions and merchandising based upon key business metrics such as inventory, margin and conversion rates Run multiple branded and localized (language and currency) webstores from a single instance Corporate Presentation © Prospance Inc
SuiteCloud Platform: • Easy Verticalization. Verticalization to your industry-specific needs has never been easier. • Customizations Don’t Break. Customizations and extensions carry forward seamlessly with upgrades, making maintenance nightmares a thing of the past. • Open. Standards-based Web Services make it simpler to extend NetSuite to other systems, vertical solutions, and third party add-on capabilities. • Reliable. Applications you build using SuiteFlex are hosted within NetSuite- which comes complete with a 99.5% uptime guarantee, robust Oracle & J2EE architecture and world-class security infrastructure. Corporate Presentation © Prospance Inc
Our Value – Benefits to CustomersNet Suite Implementation carried out by experienced core team Each Module headed by a Subject Matter Expert (SME) Minimal Implementation Costs – Emphasis on building long term relationship Active support in client customisation areas. Personalised level of support to each client as Operation support team is aware of each implementation specifics Support staff understands Netsuite and Accounting Joint effort with end users for root cause analysis in resolving critical issues and hand holding Additional Online Admin help if Admin level support is availed Very moderate operation support costs - Suggestive mode of issue resolution. - Detailed knowledge about each net Suite implementation and workarounds for a client not known to Net Suite team. - most of the resolutions point to reference material of Net Suite support library contents No support for client specific customisations. - Prohibitory cost of service charges by Net Suite Professional services Group. - No support from accounting knowledge perspective in ERP . Corporate Presentation © Prospance Inc
Net Suite Implementation – Collaborative StrategyIn house professional team Personalized operation support Operations support team backed up by Net Suite support for critical issues Adoption of Implementation best practices Partner support by Net Suite Corporate Presentation © Prospance Inc
Collaborative approachImplementation Methodology Highlights Collaborative approach Prospance Inc. – A preferred Net Suite partner . Joint collaborative approach to implementation. Guidance from Net Suite services implementation team during implementation. Adopt One Methodology Adoption of Net Suite One methodology during implementation. Deliverables & sign off process for each stage of implementation. Plans, Business Requirement document, test cases , User test plan & result , Training plans & training docs to be used. Best Practices Use ERP implementation best practices based on extensive experience of other ERP implementations. Adoption of Net Suite best practice recommendations. Professional Team ERP implementation is being handled by experienced finance professional team - help provided from technical as well accounting perspective. Post GOLIVE support by experienced team who are part of implementation team. Each module headed by a Subject Matter expert (SME) . Corporate Presentation © Prospance Inc
Standard Implementation ScheduleStandard Project Implementation Schedule Projects Wk1 Wk2 Wk3 Wk4 Wk5 Wk6 Wk7 Wk8 Requirement Gathering & Sign Off Data Collection & sign off Desgin & Configuration User Training System Testing Data migration & GO LIVE Warranty Support Implementation highlights Vanilla Net Suite implementation will be done in a time period of 6 weeks for Financial accounting and CRM. For other modules, time estimate will be provided once requirements analysis phase is completed and time schedule is finalized. Two (2) weeks of warranty support is provided post GO-LIVE to address end user issues. Two (2) weeks of training provided to customers Corporate Presentation © Prospance Inc
Operation Support & SLA termsService Level Agreement (SLA) Operation Support & SLA terms Operations support will be provided 24 *5 during working days. Customers can raise cases in Net Suite CRM or they can contact by Phone . Case /Defect will be responded based on level of service purchased. Corporate Presentation © Prospance Inc
Thank You Corporate Presentation © Prospance Inc
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