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.
- 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)
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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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.
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:
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.
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: