Find the Right NetSuite Module, Custom Solution or Partner Add-On for Your Business
NetSuite add ons exist to provide ERP users with a vast ecosystem of solutions to fit their exact business needs. These are all complementary to your system and range from simple extensions to sophisticated tools that help execute specific tasks.
To help you explore NetSuite’s add ons, extensions, modules and popular integrations, GURUS has created a fully comprehensive NetSuite Add Ons Guide.
NetSuite Data Power Tools
GURUS’ Data Power Tools are must-haves for the advanced NetSuite user. This powerful toolkit includes sophisticated products for Data Warehousing, Data Visualization, Exporting Data from NetSuite to Spreadsheets and Excel, drilling down into your analytics and leveraging the Google Cloud Platform for Google Studio and BigQuery.
Choose from a list of powerful middleware platforms and pre-built connectors that work with NetSuite ERP. These solutions will make your integrations seamless.
Get ahead of seasonal buying trends and plan your inventory according to the most accurate sales forecasts. These are the most efficient NetSuite-friendly solutions for supply chain and demand planning.
Maximize your online sales and close your books with accuracy and efficiency. These are eCommerce partner solutions for NetSuite that will help take your online retail experience to the next level.
The Ultimate GURUS Guide for NetSuite Modules 2023
Table of Contents:
What are NetSuite Modules and How Do They Work?
NetSuite is known for being a best-of-bread ERP system with an intuitive built-in set of features. More than that, it is the leading Enterprise Resource Planning platform in scalability. NetSuite comes with out-of-the-box basic ERP features for your day to day needs. These are modules that can be added to as you expand your platform to achieve more functionality.
NetSuite modules are essentially sets of feature-rich functionality specific to a particular business process / operational flow. You can add on features for custom fields, more sophisticated forms and workflows, handling specific business aspects like commissions for sales, dunning management for AR or even HR and Payroll, just to name a few examples.
Think of NetSuite as a lego set that you can keep adding pieces (i.e. modules) to in order to scale it up and shape it to adapt to your organization’s increasing needs.
List of Core NetSuite Modules:
NetSuite ERP comes with core modules that make up its platform. These are the essentials that most businesses need to start with when they decide to implement their system. They will handle your day-to-day processes and increase your overall organizational efficiency.
| ||General Ledger (GL)|
| ||Accounts Payable (AP)|
| ||Accounts Receivable (AR)|
| ||Chart of Account (COA)|
| ||Basic Inventory Management|
| ||Employee Center (Time Tracking)|
| ||Project Management|
| ||Multi-Currency & Multi-Language options (Configurable)|
While NetSuite ERP comes packed with features that are essential, every company has unique needs. That’s why NetSuite has a wide range of modules that are very popular with its user base. These additional features will help your organization take on functions that are beyond what you get in the standard ERP.
NetSuite’s Advanced Financials module brings more extensive financial management features to your ERP. This includes:
- Managing expense allocations & amortization
- Flexible billing Management
- And statistical accounts management to store non-monetary values and calculate allocations in a more dynamic way
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NetSuite Advanced Procurement is built to streamline the Procure-to-Pay Process beyond what you get in the out-of-the-box procurement module. It can consolidate multiple requisitions into a single purchase order (PO).
NetSuite’s Advanced Inventory module allows you to have full control and visibility over your inventory, even across multiple locations. This feature enables you to optimize your processes for shipping, warehousing and fulfillment, in order to significantly reduce costs. You can shorten your delivery times and ensure you don’t suffer from stock-outs.
Advanced Revenue Management:
- Next-level revenue recognition capabilities for all industries
- Support for Percentage-of-Completion Accounting
- Ensure compliance with accounting standards for ASC 605, 606 & IFRS 15
- Flexible revenue contracts
- Fair value pricing intelligence lookup for stand-alone selling price or ESP/TPE/VSOE)
While NetSuite ERP integrates with most best-of-breed CRM platforms (see our integration for NetSuite to Salesforce), Oracle NetSuite also has their CRM offering. Their Customer Relationship Management module is a powerful tool that gives users a real-time, 360 degree view of their customers across their lifecycle, all in one place.
Track your customer journey from when they become a lead, all the way through their evolution to opportunity and get access to crucial data that will help you optimize your sales processes. Handle every aspect of your sales, including:
- Sales order
- and support.
NetSuite CRM features include:
- Lead Management: Track your leads and referrals by lead source
- Forecasting: Get real-time sales forecasts and at each phase of your sales cycle.
- Sales Tracking: Gain full visibility into leads sales activities, as well as create custom reports.
- Case Management: Automate assigning support cases, customer management, and escalations. Ensure you can quickly route, track, and respond to cases as they come in.
- Real-time CRM Dashboards directly in NetSuite: See and share real-time data from your customizable NetSuite dashboard based on role and department.
NetSuite’s Fixed Assets module allows you to track depreciating and non-depreciating assets with simple dashboards. Not only can you avoid having to work in multiple spreadsheets, but you can also create and customize your depreciation methods to find what best suits your needs.
Demand Planning & Supply Management:
NetSuite’s Demand Planning & Supply Management module gives users the ability to predict inventory requirements. By enabling this add on module within your ERP, you can better handle stock quantities, manage your inventory for supply chain periods and get fast updates for:
- Maximum stocks
- minimum stocks
- safety stock
- lead time
- and projections
You can then adjust your fulfillment expectations and deliver accurate forecasting to your clients. With this module, you can expect to get full visibility across your day-to-day operations. Learn about Flexible Forecasting for NetSuite ERP & The 4 Methods of Projection to Assess Your Stock Demand.
NetSuite Professional Services Automation (PSA) & Services Resource Planning (SRP):
NetSuite’s PSA and SRP module add-on provides organizations with a complete bid to bill solution. It optimizes on-time project delivery and drives project success rates. Here are some of the tools this module equips you with:
- Project Management
- Project Accounting
- Client Management
- Expense Management
- Resource Management
- Billing and Invoicing Management
- Timesheet Management
- Mobile Time and Expense Management.
This module is built for Human Capital Management (HCM). Manage employees across all departments on both an individual and collective level. Its powerful time tracking features allow for fast and easy project invoicing and productivity reports.
Are There Industry-Specific NetSuite Modules?
Yes, Oracle NetSuite ERP has an extensive offering of industry-specific modules across all major industries. GURUS Solutions has a categorized interactive guide for different modules designated by industry that you can access here.
If you’re looking for modules built for your industry, you can also select which identifies best with the organization below and get access to your relevant NetSuite add-on modules:
What’s the Difference Between NetSuite Modules and NetSuite Advanced Modules?
NetSuite Advanced Modules are upgraded versions of NetSuite’s Core Modules with enhanced features for more complex business processes. If the base version of a module isn’t enough to satisfy some of your organization’s complex challenges, the Advanced Modules will be able to take your ERP capabilities to that required next level of performance.
Advanced Modules are not always a necessary upgrade, as the core basic ones are geared to accomplish most general tasks that your organization will have. However, if your team finds that they need to upgrade and find themselves lost or confused by some of the details and variances (especially for new NetSuite users), we recommend talking to your NetSuite Partner - or contacting GURUS Solutions with any questions that you might have.
NetSuite Add-Ons vs. Modules: What’s the Difference?
What’s the difference between NetSuite add-ons and NetSuite Modules? This comes down to nomenclature. Add-Ons are developed by NetSuite Partners to complement and enhance the NetSuite ERP experience and native set of functionalities for organizations using their system. NetSuite Modules (also referred to as “add-on” modules) are more or less complete systems on their own that will add new functionality to your ERP system.
Some NetSuite add-ons, like the NetSuite Data Exporter are free and easily available online. However, we recommend discussing with your NetSuite Partner and seeking professional guidance when installing a new add-on for your ERP.
How much do NetSuite modules cost?
The cost of NetSuite basic and advanced modules, as well as add-ons, will vary based on your selection. Every organization is unique and there is no one-size fits all solution. That’s the core reason why NetSuite modules and add-ons work "à la carte", which means you can add them to your system, upgrade them or remove them at any point in your subscription to NetSuite’s Cloud Based system.
NetSuite modules are licensed to users and can be chosen individually for a unique requirement or bundled together by industry as pre-packaged modules. For new ERP implementations, GURUS actually offers industry packages that will include all of the core NetSuite modules, in addition to modules that are typically used by that specific industry.
You can explore our pre-packaged NetSuite solutions for specific industries by choosing your industry below:
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