Understand the offering
Clarify how hardware, software, subscriptions and services fit together into a commercial model that can scale.
IoT and NetSuite
Connect the IoT offering with the business behind it
Connected offerings bring together devices, software and services, but the commercial systems behind them do not always evolve at the same pace. Subscription, usage-based and hybrid business models require device, customer and entitlement information to connect cleanly with billing, ERP, finance and revenue operations.
IoT Community and Oracle NetSuite are working together to help connected-product businesses close that gap and build commercial operations that can scale with their IoT offering.
Start with the commercial challenge
Connect the information
Connect device usage, entitlement and customer information with billing, ERP and financial operations instead of managing them in disconnected systems.
Support the business model
Improve billing, revenue recognition and recurring-revenue visibility while supporting increasingly complex customers, services and operating models.
Turn connected offerings into scalable business operations
The IoT Community × Oracle NetSuite programme helps organisations examine the commercial systems behind their connected offerings.
Use the conversation to:
• map the current connected-product and recurring-revenue model;
• understand how usage, entitlement and customer data reach billing and finance;
• identify gaps in ERP, billing, reporting and revenue operations;
• explore subscription, usage-based and hybrid commercial models; and
• determine where Oracle NetSuite capabilities can support the required operating model.
The programme is particularly relevant to IoT solution providers and platforms, manufacturers moving toward equipment- or service-based models, utilities and energy organisations, and businesses operating large connected-device estates.
Start the NetSuite conversation
Tell us about your connected offering, current commercial systems and the business process you want to improve.
The initial conversation can lead to a focused readiness assessment covering your business model, billing and revenue processes, operational gaps and practical next steps. Where appropriate, IoT Community and Oracle NetSuite can then help define a concise roadmap for moving forward.