NetSuite Modules
overview
NetSuite ERP offers various features and tools to assist organizations in managing their processes effectively with an aim of improving productivity and growth. Its wide spectrum of modules helps companies in bettering different operational areas from financials to sales and service and human capital to the supply chain of an organization.
What is a NetSuite Module?
NetSuite modules are components of the NetSuite enterprise resource planning application that support the automation of specific repetitive tasks in business management. The modules address various business functions such as finance, CRM, supply chain management, HR and others. These modules are incorporated to form a complete ERP for the companies in accordance to their processes as well as goals.
NetSuite Modules List
As your business evolves, so should the capabilities of the software that you use to run it. Modules provide a wide range of features ensuring NetSuite always meets your business needs.
NetSuite Customer Relationship Management Modules
NetSuite CRM helps you align and oversee all aspects of customer relationships, including marketing automation, interaction history, customer service, and more. It tracks sales and partner performance, provides quotes, manages orders, forecasts sales, and integrates with ecommerce platforms. Key modules include:
- NetSuite Contract Renewals: Automates the contract renewal process.
- NetSuite Incentive Compensation: Creates commission and incentive plans with complex, tiered setups and shares details with sales reps for goal alignment.
- NetSuite CPQ: Enables sales teams to configure, price, and quote complex products accurately.
- Sales Force Automation: Streamline your sales processes, from lead capture to deal closure.
- Customer Support and Case Management: Improve response times and resolve customer issues efficiently.
- Marketing Automation: Run targeted campaigns with real-time data and performance analytics.
- Reporting and Dashboards: Gain actionable insights into sales trends and customer behavior.
NetSuite Financial Management Modules
NetSuite Financial Management Modules include comprehensive tools for enhancing financial operations. The main modules are:
- NetSuite Advanced Financials: Supports budgeting, expense allocations, and amortization.
- NetSuite SuiteBilling: Adds invoice and billing management to handle multiple billing models and ensures compliance with revenue recognition standards.
- NetSuite Revenue Management: Automates revenue processes to comply with regulations.
- NetSuite Payment Automation: Provides secure, automated payment solutions.
- NetSuite Bill Capture: AI-powered invoice data capture.
- NetSuite Planning & Budgeting: Supports comprehensive budgeting and planning.
- NetSuite Account Reconciliation: Automates reconciliation processes.
- NetSuite Enterprise Performance Management (EPM): Centralizes planning, budgeting, and reporting.
- NetSuite Multi-Book Accounting: Allows recording in multiple accounting books.
- NetSuite OneWorld: Offers global management capabilities for multinational operations.
- NetSuite Dunning Letters: Automates accounts receivable collection.
- NetSuite Fixed Assets Management: Tracks and manages asset life cycles.
- NetSuite Electronic Bank Payments: Automates electronic fund transfers.
- General Ledger and Accounting: Manage your financials with precision and accuracy.
- Financial Planning and Budgeting: Streamline your planning cycles and allocate resources effectively.
- Billing and Revenue Recognition: Automate billing processes and ensure compliance with complex revenue recognition standards.
- Real-Time Financial Reporting: Access detailed financial reports and insights to support strategic decision-making.
NetSuite Commerce Modules
NetSuite’s Commerce Modules enable businesses to create and manage ecommerce sites integrated with back-end systems. The primary modules include:
- NetSuite SuiteCommerce: A mobile-optimized ecommerce platform with tools for both B2B and B2C.
- NetSuite SuiteCommerce Advanced: Offers developer control for customization while integrating with other NetSuite modules.
- NetSuite SuiteCommerce InStore: Equips sales associates with a mobile POS system and complete customer information.
- NetSuite SuiteCommerce MyAccount: Provides business buyers with self-service account management.
- NetSuite Connector: Integrates NetSuite with external ecommerce platforms, POS systems, and logistics providers.
- NetSuite Pay: Simplifies merchant account setup and payment processing.
- Site Management Tools: Customize your storefront to enhance customer engagement.
- Integrated Shopping Carts: Link your ecommerce site to inventory and order management.
- Personalized Customer Experiences: Deliver tailored content and product recommendations.
- Real-Time Order Tracking: Enhance customer satisfaction with up-to-date order status and delivery notifications.
NetSuite Supply Chain Modules
NetSuite’s Supply Chain Modules offer tools to enhance procurement and warehouse management. Key modules include:
- NetSuite Procurement: Standardizes vendor management and automates purchasing.
- NetSuite SuiteProcurement: Integrates vendor punch-out buying within NetSuite.
- NetSuite Warehouse Management System (WMS): Streamlines warehouse operations with mobile device support.
- NetSuite Ship Central: Provides mobile packing and shipping solutions.
- NetSuite Demand Planning: Improves forecasting with automated data analysis.
- NetSuite Quality Management: Guides product testing and inspections.
- NetSuite Work in Process (WIP) and Routings: Enhances visibility into manufacturing processes.
- NetSuite Work Orders and Assemblies: Manages the assembly of complex products.
- NetSuite Advanced Manufacturing: Integrates manufacturing systems for process efficiency.
- Production Planning: Align production schedules with demand forecasts.
- Supply Chain Execution: Monitor suppliers, manage procurement, and track the movement of goods.
- Supplier Collaboration: Enhance relationships with key suppliers through shared data and streamlined communications.
- Logistics Management: Coordinate shipments and track deliveries for timely fulfillment.
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NetSuite Data & Analytics Management
Data is a vital asset for any business. The Data & Analytics Management module equips businesses with tools to harness data for better decision-making. This module includes:
- Custom Reporting Tools: Design and deploy customized reports that meet your specific needs.
- Business Intelligence Dashboards: Visualize performance metrics with user-friendly dashboards.
- KPIs and Alerts: Set up real-time alerts for key performance indicators to stay informed.
- Advanced Data Analysis: Use built-in analytics to gain deeper insights and drive strategic actions.
NetSuite Human Capital Management (HRMS)
NetSuite’s HCM module supports businesses in managing their most valuable asset: their people. This module helps streamline HR processes and improve employee engagement with features like:
- Employee Records Management: Centralize all employee data in one secure location.
- Payroll Integration: Automate payroll and ensure compliance with tax regulations.
- Performance Management: Track and evaluate employee performance to align with company goals.
- Recruitment and Onboarding: Simplify the hiring process and set new employees up for success.
NetSuite PSA Modules
For businesses that rely on professional services, the NetSuite PSA (Professional Services Automation) module is indispensable. This module aids in project management, resource allocation, and profitability analysis. Key features include:
- Project Management Tools: Plan, execute, and monitor projects efficiently.
- Time and Expense Tracking: Simplify billing and payroll processes with automated time capture.
- Resource Management: Optimize the allocation of your team’s skills and availability.
- Project Financials: Track project budgets and profitability with real-time data.
Industry-Specific NetSuite Solutions
NetSuite recognizes that different industries have unique needs. With industry-specific solutions, businesses can benefit from pre-configured modules that align with industry standards and best practices. Some of the industries supported include:
- Retail and Wholesale
- Manufacturing
- Healthcare and Life Sciences
- Nonprofit Organizations
- Financial Services
Explore NetSuite Resources
Case Studies, White Papers, Webinars, podcasts, etc.
Netsuite Modules FAQ
NetSuite add-on modules are additional functionalities that businesses can integrate into their existing NetSuite ERP system to enhance its capabilities. These modules can cover various business needs such as advanced financial management, customer relationship management, and supply chain operations.
The cost of NetSuite modules can vary based on business requirements, number of users, and selected customizations. It’s best to request a detailed quote from a certified NetSuite partner for specific pricing.
Yes, NetSuite offers the SuitePeople module, which centralizes HR functions such as payroll, employee records, and performance management.
Yes, many NetSuite modules can be customized to align with the specific needs and processes of a business.
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