Manage Projects and Resources with NetSuite OpenAir

Service delivery businesses now rely less on spreadsheets from project and resource management than they now have NetSuite OpenAir.

This project management solution automates a business’ project management work by optimizing its resources. It also provides real-time visibility into project status, ensuring timely and efficient execution.

Almost every service delivery business faces the problem of optimizing resources. They don’t understand their capacity and capability for the project.

Moreover, assigning work to the right employees who have the right skillset is the key to maximizing business ROI. Here, comes.

What is NetSuite OpenAir?

Designed by ORACLE NetSuite, NetSuite OpenAir is one of the greatest project management solutions for service businesses of all sizes. This cloud-based suite enables businesses to put a full stop to their reliance on conventional spreadsheets for project management.

OpenAir NetSuite is a world-class Professional Services Automation (PSA) software. This cloud-based business solution is also well-known among businesses as it enables them to integrate with other ERP software.

NetSuite OpenAir enhances invoicing accuracy and streamlines revenue recognition for the services business.

NetSuite OpenAir


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    Example of OpenAir

    An IT consulting firm (mid-size) needs to streamline their project management and resource allocation to deliver projects to their customers on time.

    So, they used Spreadsheets and other disparate systems for it. After realizing the shortcomings, it started using NetSuite OpenAir, a cloud-based project management solution.

    With OpenAir, the firm now has a modernized system that provides real-time visibility into project status, resource utilization, and financials.

    Moreover, they integrated it with NetSuite ERP to automate routine tasks like time tracking, invoicing, and expense management.

    Example of OpenAir

    What are the features of NetSuite OpenAir?

    Stakeholders or key employees can access the cloud-based project management solution anytime, anywhere. Data accessibility and editing on the go (off-site) or on-site makes this solution a popular one for businesses of all sizes.

    features of NetSuite OpenAir

    • Project Management

    • Resource Management

    • Timesheet Management

    • Expense Management

    • Project Accounting

    Let’s understand each one of them in detail and explore how they are helpful in adding value to businesses across any niche and any industry.

    project-management
    Project Management

    Providing highly efficient web-based project management capabilities, this software solution allows service business to improve on-time project delivery and increase project profitability.

    Moreover, it simplifies the management, updates, and reporting on the project status from any location at any time. In addition, with such robust functionalities, administrators get clear visibility into project dynamics.

    Also, it can model all possible scenarios which can question optimization of price, billing rates, staffing, and impact profitability.

    Resource Management
    Resource Management

    This innovative professional services automation software solution allows administrators to manage the most valuable resources located anywhere in the world more efficiently.

    In addition, it has advanced resource optimization functionality for professionals. It is useful to ensure that the right resources are deployed for the right project and at the right time.

    Furthermore, service businesses can utilize their available resources and assure high success rates with such deployment. This deployment is based on project requirements, required skills, experience, and availability.

    Timesheet Management
    Timesheet Management

    Administrators can quickly and easily create detailed timesheets for advanced time tracking. Particularly, this functionality integrates with project management for seamless time tracking by project, phase, and task as well.

    An administrator can do it either on the go or while located in the office premises. It provides flexibility to manage project deadlines and enhance collaboration within project management teams, including all resources.

    Expense Management
    Expense Management

    Professional services businesses can easily streamline the management cycle. ORACLE enables a business to do it using powerful expense management through OpenAir.

    This functionality increases employees’ productivity and allows them to give in expenses from any location, via a mobile device or web browser.

    Particularly, it eliminates queries and labor around customer billing, foreign currency conversion management, and expense allocation.

    Project Accounting
    Project Accounting

    NetSuite OpenAir integration offers agile project accounting to enable professional services administrators for efficient monitoring and management of project revenues, outlay and project benefits over the lifetime of the project.

    It also helps to ensure that the project is completed on time and within budget. Its powerful billing engine assures that clients are billed accurately and within the stipulated time to improve cash flow.

    Additionally, trailblazing revenue recognition functionality allows the separation of revenue types and assists administrators in recognizing revenue congruously.

    Project-Accounting

    Benefits of using NetSuite OpenAir

    • Platform Independence

    • Resource Allocation

    • Collaborate Better with Employees

    • Ensure Overall Profitability

    Now, we know the benefits that a business can get after using these solutions based on the cloud to manage projects. So, let’s get a closer look at these points (explained in simpler terms).

    • Businesses from the professional services industry can use OpenAir to manage projects either through Desktop or mobile devices from Android/iOS OS.

    • Businesses can allocate correct resources based on experience, skillset and requirements of the project for increasing productivity.

    • Businesses can enhance collaboration with team members by generating & sharing documents among employees, managers and stakeholders.

    • CFOs and Financial Analysts can enjoy overall project profitability through real-time visibility of resources into project analytics.

    Integration with Enterprise Resource Planning (ERP) Software

    OpenAir by NetSuite can be easily integrated with the back-office and front-office business systems. This helps a business to leverage cloud benefits to maximize ROI without sacrificing ERP technology investment.

    Escalating cash flow, improving operational accuracy, and providing comprehensive visibility through unified Services Resource Planning (SRP), this innovative application draws maximum business benefits and high organizational productivity.

    Integration with Enterprise Resource Planning (ERP) Software

    Offering interactive dashboards and comprehensive reporting, this powerful software solution enables professional services organizations to manage their core business operations, including project management, resource optimization, time and expense tracking, project accounting, and billing and revenue recognition.

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