Scaling Fintech? Why SuiteBilling Is a Smart Move

May 27, 2025

Scaling Fintech? Why SuiteBilling Is a Smart Move and Why You’ll Want a NetSuite Contractor to Implement It

For scaling Fintech businesses, growth is exciting, but it comes with complexity. As your customer base expands and revenue models evolve, many teams hit the same wall: your finance stack isn’t built to flex with your business.

If you’re running NetSuite and still using manual or custom-built billing workflows, SuiteBilling is one upgrade that can genuinely transform how you operate. But don’t underestimate the implementation effort. That’s why fast-growth Fintechs are turning to specialist NetSuite contractors to roll it out efficiently, with minimal disruption.

Here’s why SuiteBilling makes sense for your stage of growth, and how the right contractor can help you get the most from it.

Why Fintech Businesses Need SuiteBilling

Fintech billing isn’t simple. You’re often juggling subscriptions, usage-based models, pricing tiers, and multiple customer segments. All while preparing for audits, investor scrutiny, or expansion. SuiteBilling is built for this exact challenge.

1. Flexible Billing Models in One Place

Whether you offer flat-fee subscriptions, consumption-based pricing, or one-off services, SuiteBilling supports hybrid billing out-of-the-box. No more workarounds, spreadsheets, or manual adjustments.

2. Accurate Revenue Recognition

SuiteBilling integrates directly with Advanced Revenue Management (ARM), ensuring compliance with ASC 606/IFRS 15. That means your revenue is recognised correctly, automatically.

3. Real-Time Billing Changes

Mid-cycle upgrades, downgrades, and proration are handled seamlessly. SuiteBilling adjusts billing schedules on the fly, which is essential for dynamic Fintech offerings.

4. Audit-Ready Reporting

SuiteBilling creates clear, traceable records of billing events, which makes month-end closes, investor reporting, and FCA compliance significantly easier.

Common Challenges When Implementing SuiteBilling

While the benefits are clear, implementation isn’t always straightforward, especially for businesses with complex setups or legacy configurations.

⚠️ Custom Workflows Break

If your current billing setup is heavily customised or built around legacy processes, SuiteBilling can disrupt those workflows if not mapped correctly.

Solution: A NetSuite contractor can re-architect your workflows to align with SuiteBilling logic while preserving your operational needs.

⚠️ Data Migration Is Messy

Moving contracts, billing schedules, and customer data from spreadsheets or custom modules into SuiteBilling requires a clean data strategy and careful mapping.

Solution: An experienced contractor knows how to stage and validate data before go-live, reducing billing errors and reconciliation headaches.

⚠️ Internal Team Bandwidth

Your internal finance or systems team is already at capacity. Leading a billing transformation while managing BAU simply isn’t sustainable.

Solution: A contractor adds senior-level capacity, guiding the project from planning through to rollout and post-go-live support.

Why Hire a NetSuite Contractor?

At this point in your growth journey, you need speed, but not at the expense of quality. A NetSuite contractor brings:

  • Proven experience implementing SuiteBilling in Fintech or regulated industries
  • Deep knowledge of subscription and usage-based models
  • The ability to build workflows that align with your unique products and compliance needs

Minimal business disruption and fast time to value.

Why Work With Us?

As a recruitment partner who specialise in the niche market of NetSuite, we know the challenges you and your competitors face, and we know the talent who can solve them. We don’t just send CVs, we will unlock the best contractors who have implemented SuiteBilling in businesses like your and who know how to deliver measurable outcomes.

Whether you’re preparing for growth, investment, or internal efficiency, we’ll help you bring in the right person to make SuiteBilling work, on time and on budget.

Let’s get your billing system ready for scale.

Get in touch with Joe Hamblin today and we’ll connect you with a contractor who can help you transform your billing operations and set your business up for the next stage of growth.

You grow. They deliver. We connect.

View NetSuite Jobs Here!

Written by:

Joseph Hamblin

Senior Consultant

Connect with Joseph Hamblin:

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Scaling SaaS? SuiteBilling Could Be the Best Upgrade You Make

May 20, 2025

Scaling SaaS? SuiteBilling Could Be the Best Upgrade You Make—Here’s Why a NetSuite Contractor Is Key

If you’re a SaaS business growing fast, your billing complexity is growing even faster. New pricing models, mid-term upgrades, usage-based contracts, and region-specific tax compliance, it all adds up. And for many scale-ups, the cracks are starting to show in the finance stack.

If you’re already using NetSuite but haven’t yet rolled out SuiteBilling, this is your chance to streamline your operations, scale faster, and gain better control of your revenue engine. But, and it’s a big but, SuiteBilling needs to be implemented properly. That’s where hiring an experienced NetSuite contractor comes in.

Here’s why SuiteBilling makes so much sense for SaaS and how the right contractor can make it a smooth, value-driven upgrade.

Why SaaS Companies Are Moving to SuiteBilling

SaaS billing isn’t “set it and forget it.” From usage-based pricing to tiered plans and add-ons, SaaS businesses need a platform that can flex with the business and keep everything audit-ready and investor-friendly.

1. Flexible Subscription Management

SuiteBilling is purpose-built to support subscription lifecycles, usage-based billing, and hybrid models. That’s essential when your business is constantly testing and evolving pricing models.

2. Real-Time Modifications

Need to upgrade, cancel, or change a billing schedule mid-term? SuiteBilling supports proration and mid-cycle changes without manual intervention.

3. Integrated Revenue Recognition

With SuiteBilling and Advanced Revenue Management (ARM), you’re billing, and rev rec stay in sync—critical for ASC 606/IFRS 15 compliance and clean, reliable reporting.

4. Scales with Your Growth

Whether you’re launching new geographies, new products, or custom contracts, SuiteBilling grows with you. No more clunky custom scripts or spreadsheets.

What Could Go Wrong? (And How a Contractor Solves It)

As powerful as SuiteBilling is, implementation isn’t plug-and-play, especially in a live, scaling SaaS environment.

⚠️ Custom Setups Cause Conflicts

Most SaaS businesses have some level of customisation in NetSuite. Old workflows, scripts, or revenue schedules can break when SuiteBilling is activated.

Solution: A contractor will audit and refactor existing workflows, ensuring SuiteBilling slots in seamlessly, without disrupting BAU.

⚠️ Billing Logic Needs Translation

Your current billing model may not neatly map to SuiteBilling out-of-the-box. Whether it’s multi-tier pricing, usage thresholds, or account-based billing, this needs translating into the right setup.

Solution: A contractor with SaaS experience will configure SuiteBilling to match your billing logic exactly, avoiding the risk of downstream reporting issues.

⚠️ Your Team Is Already at Capacity

Let’s be honest: your finance and systems teams are already juggling audits, reporting cycles, and month-end. Taking on SuiteBilling internally could cause delays, or burnout.

Solution: Hiring a contractor brings immediate capacity, specific expertise, and clear delivery ownership, without distracting your core team.

Why Bring in a NetSuite Contractor?

Bringing in a SuiteBilling-experienced contractor gives you:

  • Speed to delivery, without the learning curve
  • Accurate mapping of your billing model to the SuiteBilling framework
  • Workflow continuity and minimal business disruption
  • Clean documentation and knowledge transfer for your internal team

They’ve done this before, for SaaS scale-ups just like yours and they’ll do it again, better and faster.

Why Work with Us?

Work with a recruitment agency who will unlock NetSuite talent to support you with scaling your business. We not only understand the operational pressures of high growth, but we’ve also built a network of NetSuite contractors with extensive billing and finance experience.

We’ll work to understand your business and your requirements to connect you with someone who has the relevant SuiteBilling experience in real-world SaaS contexts, no handholding needed, no guessing, just results.

Billing shouldn’t be what holds you back.

Reach out to Joe Hamblin today to get connected with a contractor who can implement SuiteBilling with speed, accuracy, and commercial focus, so your business is ready for whatever comes next.

You grow. They deliver. We connect.

View NetSuite jobs here.

Written by:

Joseph Hamblin

Senior Consultant

Connect with Joseph Hamblin:

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SaaS at Scale: Why SuiteTax Is Critical

May 15, 2025

SaaS at Scale: Why SuiteTax Is Critical — and Why You Need a NetSuite Contractor to Implement It

As a recruitment partner to growing SaaS companies, we know that success often outpaces systems. When finance teams are managing multi-region subscriptions, complex billing models, and tax compliance manually, it’s a bottleneck waiting to happen.

If your business runs on NetSuite and you haven’t yet moved to SuiteTax, you’re likely missing out on one of the most valuable upgrades in the platform. But here’s the catch: implementing SuiteTax properly isn’t simple. That’s why the smartest SaaS companies bring in a NetSuite contractor to do it right, with minimal disruption.

Here is why SuiteTax matters for SaaS scale-ups—and why hiring the right contractor can make or break the implementation.

Why SaaS Businesses Need SuiteTax

SaaS finance teams have unique complexity: subscriptions, renewals, tiered pricing, usage-based models—and often, a global customer base. SuiteTax is designed to handle this landscape, automating the burdens that slow finance down.

1. Built for Subscription Billing

SuiteTax integrates with NetSuite’s SuiteBilling module, automatically applying the correct tax logic to recurring invoices, renewals, upgrades, and more.

2. Handles Global Compliance

From UK VAT and EU OSS to U.S. sales tax rules, SuiteTax automatically calculates tax based on product type, location, and jurisdiction—helping your business stay audit-ready.

3. Scales as You Grow

Whether you’re expanding to a new region or launching a new pricing structure, SuiteTax supports that evolution without needing messy workarounds.

4. Improves Reporting and Investor Confidence

As SaaS firms head toward Series B, C, or IPO, compliance and clean financials become deal-breakers. SuiteTax brings accuracy and automation into your reporting stack.

SuiteTax Implementation: Where SaaS Teams Get Stuck

Despite its benefits, SuiteTax can be tricky to implement—especially if your instance has been heavily customised or if your billing flows are unique to your model.

⚠️ Existing Configs Clash

Legacy tax rules, custom scripts, or manual overrides can conflict with SuiteTax, causing posting errors and broken workflows.

Solution: An experienced contractor will clean up old tax data, re-map fields, and ensure a smooth transition with no surprise bugs.

⚠️ Complex Revenue Models

If you use multiple billing schedules (monthly, annual, usage-based), SuiteTax needs to be configured precisely to match those flows.

Solution: Contractors familiar with SaaS finance logic can build bespoke configurations that align with your business model—not just generic tax rules.

⚠️ Internal Bandwidth Gaps

Your finance team is likely maxed out handling invoicing, audits, and monthly close. Leading a SuiteTax rollout might not be realistic.

Solution: Bringing in a contractor adds capacity and deep expertise without pulling your team off mission-critical work.

Why a NetSuite Contractor Is the Smart Move

  • At this stage of your growth, your team doesn’t have time to make expensive mistakes. A NetSuite contractor brings:
  • Proven implementation experience, especially with SaaS billing models
  • Speed and efficiency—often going live in weeks, not months
  • Minimal disruption to BAU finance operations
  • Knowledge transfer so your team can manage the system post-go-live

Why Work With Us?

We’re a recruitment group that partners with high-growth SaaS businesses to unlock the best NetSuite talent out there. Meaning, we understand your pace, your people, and your priorities. When we place a NetSuite contractor, we’re not just matching skills, we’re bringing in someone who delivers outcomes in SaaS scale-ups just like yours, who will work at your pace and align with your team and core values.

Whether you need someone to lead a full SuiteTax rollout, troubleshoot a messy implementation, or work alongside your internal team, we can help.

Let’s get your billing system ready for scale.

We will connect you with a contractor who can help you transform your billing operations and set your business up for the next stage of growth. Get in touch with Joe Hamblin to discuss, joseph.hamblin@wearecodex.team.

You grow. They deliver. We connect.

Visit NetSuite jobs here!

Written by:

Joseph Hamblin

Senior Consultant

Connect with Joseph Hamblin:

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Scaling Fintech? Here’s Why SuiteTax Matters

May 15, 2025

Scaling Fintech? Here’s Why SuiteTax Matters – And Why A NetSuite Contractor Can Save You The Headache

As a recruitment partner to fast-growth Fintech businesses, we know that scaling is rarely a straight line, especially when it comes to back-office systems like finance. One area that consistently catches growing firms off guard… Tax compliance.

If you’re running NetSuite and haven’t yet implemented SuiteTax, now’s the time to take a serious look. But before your finance team braces for yet another tech project, there’s a smarter route: bring in a specialist NetSuite contractor to get it done right, the first time.

Here’s why SuiteTax is essential for scaling Fintechs and why outsourcing the implementation makes commercial sense.

Why Fintechs are Upgrading to SuiteTax

Fast-growing Fintechs typically expand into new regions, diversify their revenue streams, and handle complex transactions from an early stage. SuiteTax is designed to support this complexity.

1. Multi-jurisdiction Compliance Built In

Operating across the UK, EU, and US? SuiteTax adapts to regional VAT, GST, and sales tax requirements automatically, helping you stay compliant without bolting on expensive third-party tools.

2. Future-Proofed Tax Calculations

SuiteTax calculates the right tax at the right time—even as you introduce new products, markets, or pricing models. Perfect for Fintechs launching in sprints and scaling fast.

3. Audit-Ready Reporting

From investment due diligence to FCA compliance, SuiteTax improves transparency and simplifies tax reporting. You’ll get clean data that’s investor ready.

4. Built for Growth

SuiteTax integrates natively into NetSuite, scaling alongside your company without needing manual tax tables or patchwork processes.

Pain Points to Watch Out For

Even with all these benefits, SuiteTax isn’t without its challenges, especially for small in-house teams already stretched thin.

⚠️ Migration Headaches

Old tax codes, manual overrides, and hardcoded workflows can conflict with SuiteTax logic. Without cleanup and configuration, you risk posting errors or compliance gaps.

Solution: A contractor with SuiteTax expertise will audit and rebuild your setup for smooth migration—no operational downtime.

⚠️ Custom Workflows Breaking

Your billing logic might be tightly tied to legacy tax rules. SuiteTax can unexpectedly break these workflows if they’re not properly mapped.

Solution: Contractors can rewrite or adapt custom SuiteScripts and workflows to ensure continuity across your billing cycles.

⚠️ Internal Bandwidth

Let’s face it—your in-house finance and systems teams are already covering core responsibilities. Asking them to manage a full SuiteTax implementation could stretch them too far.

Solution: Bringing in an experienced contractor means no learning curve, no distractions, just delivery.

Why Should You Work with a Contractor (Instead of Going It Alone)?

You need a system that works now, and scales later. Our clients in the Fintech space typically:

  • Want speed, but can’t afford missteps
  • Operate across multiple geographies or currencies
  • Have complex billing models (subscriptions, usage-based pricing, tiered plans)
  • Are preparing for fundraising, acquisition, or audit

A NetSuite contractor brings in-depth SuiteTax knowledge, configures your instance properly, integrates with your workflows, and trains your team so you’re self-sufficient going forward.

Why Work with Us?

As a recruitment agency that works with scaling businesses, we know which NetSuite Contractors have delivered real impact in Fintech environments. We don’t just throw you CVs, we recommend specialists who understand NetSuite, your stage of growth, and your regulatory context. Unlocking hidden talent through our extensive network.

Ready to talk SuiteTax?

If you’re planning a rollout, mid-implementation and stuck, or just want advice on where to start, get in touch. We’ll connect you with a proven NetSuite contractor who can deliver results without disrupting your day-to-day. Reach out to Joe Hamblin to discuss, joseph.hamblin@wearecodex.team.

You scale. They deliver. We connect.

View NetSuite jobs here!

Written by:

Joseph Hamblin

Senior Consultant

Connect with Joseph Hamblin:

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How to become a contractor – deciding to move to self-employment

July 12, 2023

With redundancies and unemployment rising, more people are considering the opportunities self-employment offers to generate income. For some, managing their own business provides achievement and flexibility, but there are factors to consider before making the move. Before choosing self-employment, you must research and prepare for a new journey. 

Managing your clients, handling unpredictable income and how you will be affected by the loss of employee benefits are some factors to consider with self-employment. While it’s impossible to eliminate all potential risks, being well-informed gives you the best chance of success. 

The latest Recruitment Industry Status Report (RISR) from the Recruitment and Employment Confederation demonstrated the vital role recruitment companies played in supporting recovery for businesses and professionals, with over 22 million contract placements recorded. The recruitment industry contributed over £42 billion of direct Gross Value Added (GVA) to the UK economy in 2021, representing a 22% increase in 2020 and a further rise in pre-pandemic levels.

A Guide to Self-employment

A good starting point is defining your vision and the gap in the market you intend to focus on. Have you determined your process for acquiring clients and customers? Do you have sufficient funds to start your business and to support yourself during periods of little or no income? Where will you work from, and have you got all the equipment to hit the ground running? There are also other factors to consider, particularly in the early days, like the loss of holiday and sick pay, pension contributions and other employee benefits.

When establishing your business, one of the most critical documents is your business plan. This document incorporates your objectives, strategies, marketing and financial forecasts. This information enables you to visualise your goals and identify any potential challenges. 

 

What are the options for self-employment?

Operating as a sole trader – manage your business individually and maintain all profits after paying taxes.

Operate as a partnership – work as a self-employed individual, but all business partners share the profits and responsibility. Each partner submits a self-assessment tax return and pays national insurance and tax. A nominated partner submits a tax return for the entire partnership.

Operate as a limited company – Register your business at Companies House and create its own legal identity.

The Benefits of Self Employment

Self-employment enables you to focus on something of genuine interest. Typically, self-employed workers have a more varied workload, often working on multiple projects across various disciplines. This added diversity enables the development of new skills and allows more income-generation opportunities due to higher-than-average salaries. Furthermore, if you decide to work from or close to home, you eliminate your commute time and other associated costs. 

Beginning the journey to self-employment 

Firstly, you must register as self-employed with HMRC and pay tax via self-assessment and Class 2 and 4 National Insurance. Ideally, you should create a business bank account and start monitoring all income, outgoings and expenses for tax returns and potential investors. If you decide to operate from home, you must notify your mortgage lender or landlord to ensure you meet all terms. You must also explore business insurance options, i.e., professional indemnity and public liability insurance. Another factor to consider is creating your pension. Explore all offers for the self-employed and determine which option suits you best.

Can I be employed or self-employed?

It’s possible to work as both employed and self-employed, but how you pay tax and national insurance will differ based on employment status. For example, you pay Class 1 National Insurance for employed work but Class 2 and 4 for self-employment. Class 2 National Insurance is a fixed rate, whereas Class 4 National Insurance contributions are determined on self-employment profits.

Self-employment tax

Self-employed people are responsible for their tax and national insurance contributions via a self-assessment. The first thing to focus on regarding tax is submitting your self-employed tax return to avoid penalties from HMRC. How much tax you pay depends on your income and the allowable expenses incurred. Some business-related expenses can be taken from your income when determining your taxable profit. This includes utility bills, council tax and internet. The tax-free personal allowance and associated tax bands for employed people also apply to the self-employed.

Contracting is an opportunity to take control of your career and could be the best decision you make. But, leaving the security of a permanent position comes with risks, so you must recognise the potential challenges and prepare for the switch to self-employment. 

Any job change requires serious consideration, and people must consider the main drives when moving careers to ensure they make the change for themselves and their future career development. 

If you’re thinking about the change and would like to hear more about the benefits of contracting or discuss contract roles that might be suitable for you, then reach out to us to discuss further, and our specialist team of consultants can walk you through what this might look like.

 

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