NetSuite Project Management

Manage Your Top Line, Bottom Line andEverything in BetweenNetSuiteProject ManagementManage your services organization moreeffectively with integrated project management,project tracking and reporting with NetSuiteProject Management. You can automate projectcreation when specific services are sold andautomatically track percent complete, timebudgeted and time spent on project tasks.Reports for utilization and backlog help analyzeemployee workloads and efficiency.Key Benefits Improve oversight of your operations,maintain tighter control of project accounting. Understand the true costs of the services yourender, and get an accurate and detailed viewof profitability. Improve productivity and drive efficiencies.www.netsuite.com

Why NetSuite Project Management?Project accounting is a key component inmonitoring the progress of your projects andensuring that your business remains profitable.NetSuite Project Management is essential toorganize work and allow visibility into acomplex operation.NetSuite’s Project Management moduleseamlessly integrates with the NetSuiteaccounting system. In addition to projectmanagement and time and expense tracking, youcan create and issue invoices, compare projectperformance to budgets and other metrics.NetSuite Project Management module managesrevenue recognition, expenses, unbilled balancesand other project-related financials.Key CapabilitiesManage Multiple Project TypesNetSuite manages multiple types of projectsincluding time and materials and fixedprice projects.Automate Job CreationYou can automate job creation by identifyingservice items that will require a job; then, salesorders for those items go into a queue whereyou can assign ID and project manager, and bulkcreate many jobs with one click.Organize Tasks and ActivitiesNetSuite also organizes tasks, calls and events,linking them to specific projects. Informationregarding clients is managed in one place so Oracle Terms of Use and Privacyresource tracking is complete and real-timefor ever improving client service, and can besegmented and leveraged for smarterclient intelligence.Project TasksYou can create project tasks with multiplepredecessors and finish-to-start (FS), start-tostart(SS), finish-to-finish (FF) and start-to-finish (SF)relationships. In addition, project tasks can becreated with lag time between tasks and a FinishNo Later Than (FNLT) constraint.Project DashboardThe Project Dashboard gives project managers avisual, graphical analysis of the status of specificprojects. Project managers can see important keyperformance indicators (KPIs) at a glance suchas which projects are on time, under budget anddestined for success. For projects that are behind,you can use the dashboard to quickly drill downand identify the root cause. As team membersenter information, the dashboard updatesautomatically to provide you with an up-to-dateview of the current health of your projects, whileit’s happening.Project CenterWith Project Management, you can assign projectresources a standard consultant role with accessto the Project Center. It provides a convenientway for consultants and project managers to viewsummary information about their projects andquickly enter transactions against those projects.Page 2

Project-Based MilestonesProject milestones are critical points that youmonitor throughout the life cycle of a project.Milestones highlight important interim events,such as the completion of a phase, delivery ofmaterials and payment for work performed. Thesemilestones are useful, for example, in settingdates for billing and completeness of work.Project TemplatesProject Templates are reusable templates thatprovide robust starting points for your projects,saving time and simplifying projects frombeginning to end.Project P&L TabWith the Project P&L Tab, you can now trackthe progress and monitor costs associatedwith each project, keeping you on top offinancial performance.Estimate Labor and RevenueNetSuite estimates labor cost and revenue forjobs based on the number of hours enteredtimes the loaded cost rate for each employee andanticipated billing amounts from the sales orderlinked to the job.Gantt ChartAn improved Gantt chart provides better visibilityinto project schedules. It is a useful tool forplanning and scheduling projects, monitoring aproject’s progress, and illustrating start and finishdates including summary elements of a project.TimesheetsTimesheets allow you to enter and submit weeklytimesheets, saving you time and effort. Andwith the timesheet record available to you in theSuiteCloud platform, you can customize yourtimesheet approval processes to suit your uniquebusiness needs.View Key Performance Indicators at a glance using Project Dashboard. Oracle Terms of Use and PrivacyPage 3

Mobile Time and ExpenseYou can also use your iPhone to create andsubmit time and expense reports after completinga job, directly upload images of receipts, view timeentries on a timesheet/week basis and more.Tie Projects to Customers and Bill DirectlyCreate project jobs and link them to specificcustomers, even create sub-jobs. When youcreate project tasks, and enter time against them,percent complete is automatically calculated androlled up to the job level. Keep track of originaland current estimated time to complete each task.Billing time back to customers enables you toenter time spent on a job for customers, and thenbill the cost to them.Project BillingYou can bill projects based on completing projectwork, achieving project milestones or accordingto a schedule of dates. The billing schedule typespecified on the project determines the typeof project: Time and Materials Billing, Fixed BidInterval/Milestone Billing Schedules and ChargeBased Project Billing. Also, billing forecasts canbe generated based on the effort planned tobe expended across the planned project billinginterval to determine when you expect customersto be billed.Payroll Expense Allocation for JobsNetSuite provides a one-click solution for trackingthe actual labor cost of your jobs. Salariedearnings and payroll company contributions canbe allocated to the jobs each employee workedon during the pay period, according to the timethey entered, providing more accurate financialreporting on job profitability.Get better visibility and better project monitoring capabilities with fully redone Gantt Chart. Oracle Terms of Use and PrivacyPage 4

Broaden Project Visibility, Measure PerformanceAll project job records include start dates,estimated end dates, percentage of workcompleted, actual end dates, as well as all incomeand expenses associated with each project. Youcan view time budgeted versus time spent as wellas team utilization.Project Tracking Reports Employee Utilization – Track employeeutilization rates on a per-employee and rolledup, team basis using this report. You can alsocompare utilization for two time periods atonce—for example, view ‘current month to date’utilization and ‘current year to date’ utilizationside by side. Current Backlog – Get a quick overview of workremaining on your open jobs—the numberof jobs assigned to each service rep and thenumber of hours left to complete their jobrelated tasks. Customer/Project Profitability – Review theprofitability of your projects based on actualposting revenue and expense transactions.Stay current anytime, anywhere with purpose-built mobile apps includingeasy time capture and expense receipts with picture attachments. Oracle Terms of Use and Privacy

Project Templates Project Templates are reusable templates that provide robust starting points for your projects, saving time and simplifying projects from beginning to end. Project P&L Tab With the Project P&L Tab, you can now track the progress and monitor costs associated with each project, keeping you on top of financial performance.