NetSuite Modules for Financials & Management

Financial Management

NetSuite’s Financial Management module is the cornerstone of your back-office operations, automating many of the day-to-day financial processes that businesses rely on. From general ledger entries to expense allocation, this module ensures accuracy and provides complete visibility into your financial performance.

Solution Highlights:

1. Multiple Budgets: Create and manage multiple budgets for different departments, locations, or classes, enabling a detailed view of financial performance.
2. Expense Allocation: Automatically allocate expenses across departments or locations using predefined formulas, making financial reporting easier and more accurate.
3. Comprehensive Reporting: Access real-time financial reports that provide valuable insights for decision-makers.

Who Benefits: CEOs, CFOs, Chief Accounting Officers, Controllers, and Accountants all benefit from the ability to make data-driven decisions, improve financial accuracy, and reduce manual work.

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OneWorld

For businesses operating internationally or managing multiple subsidiaries, NetSuite’s OneWorld module is an indispensable tool. It enables businesses to manage multiple legal entities, subsidiaries, and currencies, providing a unified platform for global financial management.

With built-in support for international tax regulations and compliance requirements, OneWorld simplifies the complexities of global operations.

Solution Highlights:

1. Multi-Entity Management: Manage multiple legal entities or subsidiaries from a single platform, ensuring financial consistency across your organization.
2. Multi-Currency and Tax Support: Conduct business across multiple tax jurisdictions or nexuses, with support for different currencies, tax regulations, and reporting requirements.
3. Consolidated Reporting: Get consolidated financial reports that provide a global view of your business, making it easier to assess performance across different markets.

Who Benefits: Administrators and Controllers benefit from the ability to streamline multi-entity management, ensuring compliance with global regulations while maintaining financial clarity.

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Incentive Compensation

Sales teams thrive when they understand their compensation in real time. NetSuite’s Incentive Compensation module enables businesses to manage complex commission structures for growing sales teams. By offering real-time visibility into commission calculations, this module helps motivate sales teams and align their efforts with business goals.

Solution Highlights:

1. Real-Time Commission Calculations: Sales employees can view their commission calculations in real time, based on sales orders, billings, or cash collection.
2. Flexible Compensation Options: You can structure commissions on bookings, billings, or payouts, providing flexibility to match your business model and sales strategy.

Who Benefits: Sales and Marketing Managers, Controllers, and finance teams benefit from greater control over sales incentives, ensuring that sales efforts align with company revenue goals while improving team morale.

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Fixed Asset Management

For companies managing large amounts of assets, keeping track of depreciation, valuation, and asset life-cycles can be a challenge. NetSuite’s Fixed Asset Management module offers a comprehensive solution for tracking and reporting on both depreciating and non-depreciating assets.

With support for all standard depreciation methods, this module ensures that your financial reporting accurately reflects the state of your assets.

Solution Highlights:

1. Comprehensive Asset Tracking: Track the value and depreciation of your assets, making it easier to report on company-owned equipment, property, and other resources.
2. Standard Depreciation Methods: The module supports all standard depreciation methods, including straight-line, declining balance, and more, allowing you to tailor depreciation schedules to your specific needs.

Who Benefits: Accounts Payable Controllers and finance teams gain greater visibility into asset management, ensuring compliance and accuracy in financial reporting.

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Dunning Letters

Managing accounts receivable is a critical task for maintaining cash flow. NetSuite’s Dunning Management module helps businesses streamline their cash conversion cycle by automating dunning letters, ensuring timely collection of outstanding payments.

Dunning letters can be customized and automated to suit your business needs, helping you maintain positive customer relationships while ensuring prompt payment.

Solution Highlights:

1. Automated or Manual Processes: You can automate the dunning process using predefined workflows or manage it manually through dashboard reviews, giving your finance team flexibility and control.
2. Custom Dunning Procedures: Apply different dunning procedures to specific invoices, tailoring the process to individual clients and ensuring that you communicate appropriately.

Who Benefits: Accounts Receivable Analysts and Controllers benefit from the ability to manage receivables more efficiently, reducing time spent on manual follow-ups while improving cash flow.

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HCM

Managing a growing workforce with spreadsheets or disconnected tools leads to inefficiencies, errors, and compliance risks. From onboarding to payroll and performance tracking, HR teams need a centralized platform to manage the full employee lifecycle.

NetSuite Human Capital Management (HCM), powered by SuitePeople, brings all core HR functions into your ERP, giving you a single, secure system for employee data, workflows, and analytics.

Solution Highlights:

1. Centralized Employee Data: Maintain a single, secure database for personal details, job history, certifications, and documentation with role-based access control.
2. Automated Onboarding & Offboarding: Streamline hiring and exits with checklists, role provisioning, and task tracking to ensure consistency and compliance.
3. Integrated Payroll: Process payroll with NetSuite Payroll (U.S.) or connect seamlessly with third-party providers like ADP, Ceridian, and Payworks for global teams.
4. Time-Off & Performance Management: Digitize leave requests, track approvals, and align employee performance with business objectives through structured reviews and goal tracking.
5. HR Analytics & Dashboards: Gain real-time insight into headcount, turnover, compensation, and performance trends to support informed decision-making.

Who Benefits: HR teams, finance leaders, and operations managers gain efficiency, improve compliance, and streamline people management in one connected system.

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PSA

Managing projects, resources, billing, and reporting with spreadsheets or disconnected tools can lead to inefficiencies, missed revenue, and poor visibility. Professional services organizations need a single platform to manage the entire project lifecycle.

NetSuite Professional Services Automation (PSA) unifies project planning, resource allocation, time tracking, billing, and revenue recognition in one integrated solution. It helps services teams deliver projects on time, optimize utilization, and improve profitability.

Solution Highlights:

1. Project Planning & Execution: Define timelines, assign resources, track milestones, and adjust plans in real time.
2. Resource Management: Optimize workloads, forecast demand, and reduce bench time.
3. Time & Expense Tracking: Capture billable hours and expenses via desktop or mobile with automated approvals.
4. Flexible Billing & Compliance: Automate fixed-fee, milestone, or T&M billing and stay compliant with ASC 606/IFRS 15.

Who Benefits: Consulting firms, software agencies, creative teams, and internal services departments gain greater visibility, efficiency, and profitability with PSA.

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NetSuite N/llm Module

Bringing generative AI into NetSuite, the N/llm module empowers SuiteScript developers to integrate advanced large language models (LLMs) directly into business processes. From generating dynamic content and enhancing prompts to enabling real-time AI responses, this module helps businesses unlock smarter automation within their ERP.

The N/llm module can be customized to fit unique workflows, giving your teams new ways to improve efficiency, decision-making, and customer engagement through AI.

Solution Highlights:

1. Content Generation & Automation: Automatically create dynamic text, summaries, or recommendations within NetSuite using AI-driven responses.
2. Prompt Management: Integrate with Prompt Studio to standardize AI prompts, or tailor them with variables for more flexible workflows.
3. Enhanced Accuracy with RAG: Supply source documents so the AI references your data directly, complete with citations for transparency.
4. Embeddings & Search: Use vector embeddings for smarter search, recommendations, and classification inside your NetSuite environment.
5. Streaming Responses: Deliver real-time AI outputs for faster decision-making and interactive experiences.

Who Benefits: Developers, administrators, finance, operations, customer service, and sales can now automate complex tasks thanks to new artificial intelligence features.

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NetSuite Field Service Management Module (FSM)

NetSuite’s Field Service Management (FSM) module connects scheduling, dispatch, inventory, and mobile technicians in one unified platform. By digitizing field operations, it helps service-based businesses deliver faster, more reliable, and more efficient customer service.

With FSM, teams gain real-time visibility into jobs, assets, and resources, ensuring every technician arrives prepared and customers stay informed.

Solution Highlights:

1. Automated Scheduling & Dispatch: Use a drag-and-drop schedule board to assign jobs, balance workloads, and handle emergencies with ease.
2. Mobile Technician Access: Empower field teams with customer history, job details, and asset data directly from their mobile devices.
3. Asset & Inventory Management: Track warranties, recurring maintenance, and parts availability to reduce delays and improve first-time fix rates.
4. Real-Time Updates: Keep customers informed and decision-makers aligned with instant field-to-office communication.

Who Benefits: Department heads, dispatchers, and technicians simplify planning, reduce conflicts, and improve resource allocation. This enables faster, more accurate service and better quality for customers.

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