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Peregrine API and Application Integration for NetSuite

Recurly for NetSuite

Status: Unverified

The Recurly for NetSuite integration provides a solution for subscription businesses to seamlessly integrate subscription management and billing with accounting and customer activities.

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Description

Recurly for NetSuite

Recurly for NetSuite enables finance and accounting managers to accurately manage recurring revenue, and it effectively leverages NetSuite’s best-in-class and GAAP-compliant revenue recognition engine with billing data. Recurly automates syncing key customer subscription data to NetSuite, saving precious development and data-management time.

Key Benefits

  • Effectively and accurately manage recurring revenue with automatic and GAAP-compliant revenue recognition management and standard financial reporting
  • Designed to address the needs of companies that are currently offering subscription-based products or looking to expand their current business with new subscription-based revenue streams

Use Case

Any company who bills its customers on a recurring basis can make use of Recurly for NetSuite. Merchants use Recurly for billing, payments, and subscription management, and NetSuite for revenue recognition, accounts receivable, and financial reporting.

FEATURES

Revenue Recognition

Recurly for NetSuite integrates invoice data from Recurly to NetSuite. This allows for revenue recognition to be performed in a GAAP-compliant way on each line item integrated from Recurly. All calculations and aggregation of revenue is performed in NetSuite's best-in-class tool.

Accounts Receivable

Recurly for NetSuite allows for merchants to perform accounts receivable and collections activities from within the NetSuite platform. This enables merchants to utilize NetSuite's collections and A/R reporting tools to efficiently manage their processes.

Financial Reporting

Take month-end close from days to hours using financial reporting from within NetSuite. Recurly records will create financial entries within NetSuite, which are aggregated using NetSuite's best-in-class ERP platform.