{"id":3237,"date":"2024-07-01T18:50:54","date_gmt":"2024-07-01T16:50:54","guid":{"rendered":"https:\/\/jacopo.ee\/?p=3237"},"modified":"2024-07-07T19:10:20","modified_gmt":"2024-07-07T17:10:20","slug":"netsuite-modules","status":"publish","type":"post","link":"https:\/\/jacopo.ee\/en\/resources\/netsuite-modules\/","title":{"rendered":"Top NetSuite modules: features, benefits, and pricing guide"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p><span style=\"font-weight: 400;\">NetSuite modules help manage all aspects of your business, from finance to customer relationships. My guide breaks down the top NetSuite modules, their key features, benefits and pricing so you can find the right one.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Understanding NetSuite Modules<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NetSuite is not just another ERP but a powerful cloud-based platform. This means you can access your business data and processes from anywhere, at any time, with unparalleled flexibility and scalability. The cloud-based nature of NetSuite also ensures that your data is secure and always up-to-date.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At its heart, the NetSuite ERP system is a suite of modules, each with specific functionality, that create a business management system. This modular approach allows you to tailor your ERP solution to your business needs so you only pay for the features that matter to your operations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These NetSuite ERP modules automate business processes and provide a single database for financial and operational data across the company.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Typical NetSuite modules support:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Finance and accounting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Procurement<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manufacturing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Inventory management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Order management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customer relationship management<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">NetSuite makes better decisions, processes and cost savings by having these functions in one system.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the most significant benefits of NetSuite is the ease at which you can add new modules like a NetSuite module as your business grows and changes. For instance, if your business expands into new markets, you can add a new module to manage international sales. This flexibility means NetSuite can continuously adapt to your changing business needs, adding more features and functionality to the ERP platform.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How to select the right NetSuite Modules\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Choosing the right NetSuite modules for you should start with analysing your business operations.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Documenting these processes will help you identify areas for improvement and pinpoint the specific challenges or pain points you want the NetSuite system to solve. I would insist on this upfront step before any <\/span><a href=\"https:\/\/jacopo.ee\/en\/services\/netsuite-implementation\/\"><span style=\"font-weight: 400;\">NetSuite implementation<\/span><\/a><span style=\"font-weight: 400;\"> begins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Involve key stakeholders like department heads and team leaders in the selection process. Their feedback on requirements and pain points will give you valuable insights into which modules will be most beneficial.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This collaborative approach ensures that everyone&#8217;s needs and concerns are considered, making them feel valued and involved in decision-making.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Budget is another factor to consider.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reviewing the costs of implementing and maintaining NetSuite modules, including licensing fees, customisation, and <a href=\"https:\/\/jacopo.ee\/en\/resources\/netsuite-training\/\">training<\/a>, will help us decide which is right for your company.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Key Financial Management Modules in NetSuite<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Financial management is the foundation of any business. NetSuite has a range of financial management modules to streamline finance processes and overall financial visibility. Key modules in this area are Advanced Financials, Revenue Management, and SuiteBilling, each with its own features and benefits for improving financials.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Advanced Financials<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.netsuite.com\/portal\/common\/pdf\/ds-advanced-financials.pdf\"><span style=\"font-weight: 400;\">Advanced Financials module in NetSuite<\/span><\/a><span style=\"font-weight: 400;\"> has various features to help with budgeting, expense allocation and financial visibility. Some of these features are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Flexible billing schedules<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real-time budget monitoring<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customisable invoicing and billing options<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ability to manage different customer needs and contract terms<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These features allow you to tailor your financial processes to your needs more efficiently and accurately.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Beyond billing and budgeting, the Advanced Financials module has:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Integrated planning, budgeting, and forecasting capabilities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dashboards for better visibility<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Additional functionalities, such as amortisation and statistical accounts<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These will help you keep your financial records accurate and make informed decisions.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Revenue Management<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/assets\/pdf\/ds-ns-revenue-management.pdf\"><span style=\"font-weight: 400;\">NetSuite\u2019s Revenue Management module<\/span><\/a><span style=\"font-weight: 400;\"> automates revenue recognition to comply with <\/span><a href=\"https:\/\/www.rightrev.com\/asc-606-vs-ifrs-15\/#:~:text=While%20both%20ASC%20606%20and%20IFRS%2015%20prioritize%20identifying%20distinct,context%20of%20the%20financial%20statements.\"><span style=\"font-weight: 400;\">ASC 606 and IFRS 15 accounting standards<\/span><\/a><span style=\"font-weight: 400;\">. This automates the revenue management process so you can provide an updated view of expected revenue for future periods.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following industry standards will improve your financial reporting and reduce compliance risk.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Service Resource Management module, which includes the Revenue Management module, offers:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Detailed reporting on sales and revenue by different criteria<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Valuable insights into financial performance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Help in tracking revenue more effectively<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strategic decision-making based on accurate data<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Simplification of complex revenue processes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Focus on growth and profitability<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">SuiteBilling<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/products\/erp\/financial-management\/billing.shtml\"><span style=\"font-weight: 400;\">SuiteBilling<\/span><\/a><span style=\"font-weight: 400;\"> is a complete solution that simplifies billing processes, supports multiple pricing models and gives real-time visibility into financial activity. It can handle different subscription models and one-time, recurring and usage-based charges.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Real-time metrics reporting helps you stay on top of your billing and financials.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">NetSuite CRM and Sales Modules<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Managing customer relationships and sales processes is critical to business success. NetSuite has a range of CRM and Sales modules to help you do that. Key modules are Customer Relationship Management (CRM), Incentive Compensation, and Contract Renewals, each with tools to manage customer interactions, sales commissions and contract renewals.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Customer Relationship Management (CRM)<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/products\/crm.shtml\"><span style=\"font-weight: 400;\">NetSuite CRM<\/span><\/a><span style=\"font-weight: 400;\"> has a complete solution for managing the entire customer lifecycle. It includes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sales force automation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customer service management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Marketing automation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Partner relationship management<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">With these, you\u2019ll get a single view of customer preferences and interactions across all channels. This single view means consistent and personalised customer experiences and higher customer satisfaction and loyalty.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The CRM module gives you:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real-time access to customer and order records so your sales teams can perform better with accurate data<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Marketing automation to streamline campaigns across digital channels so your marketing is targeted and effective<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automation of processes from order to renewal to improve sales performance and customer relationship management<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">NetSuite CRM helps you improve sales performance and customer relationship management.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Incentive Compensation<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/assets\/pdf\/ds-netsuite-incentive-management.pdf\"><span style=\"font-weight: 400;\">NetSuite\u2019s incentive compensation<\/span><\/a><span style=\"font-weight: 400;\"> tools simplify the design and management of sales commission plans. You can:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manage and calculate sales compensation based on different criteria, such as quota, quantity sold and product profitability.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make sure your sales teams are motivated and aligned with business objectives.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Track salesperson performance and pay commissions earned<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The module will drive sales success by motivating and aligning your sales teams to business objectives.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Contract Renewals<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.netsuite.com\/portal\/assets\/pdf\/ds-contract-renewals.pdf\"><span style=\"font-weight: 400;\">NetSuite Contract Renewals module<\/span><\/a><span style=\"font-weight: 400;\"> gives you:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automates the entire contract renewal process<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduces administrative overhead<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improves customer retention<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Alerts sales teams and manages customer interactions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensures timely renewals<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduces subscriber churn<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Integration with other NetSuite modules provides a seamless renewal workflow and overall efficiency.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Inventory and Order Management Modules<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Inventory and order management are vital to any business. NetSuite has modules like Advanced Inventory, Advanced Order Management and Warehouse Management System (WMS) to help you manage these processes. With NetSuite Inventory, you can maintain optimal inventory levels, streamline order processing and optimise warehouse operations.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Advanced Inventory<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.netsuite.com\/portal\/products\/erp\/warehouse-fulfillment\/inventory-management.shtml\"><span style=\"font-weight: 400;\">NetSuite Inventory Management Module<\/span><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/www.netsuite.com\/portal\/assets\/pdf\/ds-netsuite-advanced-inventory.pdf\"><span style=\"font-weight: 400;\">Advanced Inventory module<\/span><\/a><span style=\"font-weight: 400;\"> helps you manage inventory levels, track multiple locations and monitor lot and serial numbers. With real-time tracking and reporting through intuitive dashboards and analytics, you\u2019ll have visibility into your inventory at all times. The Smart Count feature allows you to log inventory cycle counts without freezing transactions, allowing you to manage your inventory efficiently.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Advanced Inventory module optimises inventory levels and gives you real-time insights. It prevents stockouts and overstock situations and controls overall inventory. This module is key to boosting your inventory management and operations.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Advanced Order Management<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/assets\/pdf\/ds-netsuite-advanced-order-management.pdf\"><span style=\"font-weight: 400;\">NetSuite\u2019s Advanced Order Management<\/span><\/a><span style=\"font-weight: 400;\"> module gives you:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automates the order-to-cash process<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Optimises cash flow<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensures efficient order processing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supports rules for returns from all channels<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Facilitates exchanges<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manages credit efficiently<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">By automating these processes, businesses can improve order accuracy and customer satisfaction.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Warehouse Management System (WMS)<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/products\/erp\/warehouse-fulfillment\/wms.shtml\"><span style=\"font-weight: 400;\">The Warehouse Management System (WMS) module<\/span><\/a><span style=\"font-weight: 400;\"> in NetSuite or warehouse management module improves warehouse operations by optimising receiving, putaway and picking. Real-time inventory tracking tools give you accuracy and reduce handling costs so you can manage your warehouse efficiently.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The NetSuite Ship Central mobile app will speed up customer deliveries for you.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Supply Chain and Manufacturing Modules<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NetSuite\u2019s supply chain and manufacturing modules help you manage supply chain and manufacturing processes. Here are some of the modules:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Procurement: offers tools to streamline procurement processes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advanced Manufacturing: provides tools to manage and optimise manufacturing operations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Demand Planning: helps with demand forecasting and planning<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These modules will help you streamline your supply chain and manufacturing for better efficiency and productivity.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Procurement<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.netsuite.com\/portal\/products\/erp\/procurement.shtml\"><span style=\"font-weight: 400;\">Procurement module in NetSuite<\/span><\/a><span style=\"font-weight: 400;\"> helps businesses with:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Securing materials and products<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automating order requests<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tracking purchase orders from quotation to delivery<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Detailed analytics and tracking for effective vendor relationship management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Updating records automatically once product orders are completed or delivered<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Streamlining the source-to-pay process<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The Procurement module helps you maintain optimal inventory levels and reduce procurement costs by automating procurement and giving you real-time insights. This module is key to improving procurement and getting materials on time.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Advanced Manufacturing<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/assets\/pdf\/ds-ns-advanced-manufacturing.pdf\"><span style=\"font-weight: 400;\">NetSuite\u2019s Advanced Manufacturing<\/span><\/a><span style=\"font-weight: 400;\"> provides integrated solutions to reduce operating costs and manage Manufacturing. With infinite capacity scheduling and a drag-and-drop Gantt scheduler, you can plan production around available capacity without resource constraints, use resources efficiently and meet production deadlines.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The WIP and Routings feature gives you more control over resources and costs by defining the routing of the manufacturing process.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Demand Planning<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.netsuite.com\/portal\/products\/erp\/demand-planning.shtml\"><span style=\"font-weight: 400;\">Demand Planning module in NetSuite<\/span><\/a><span style=\"font-weight: 400;\"> helps manage inventory efficiently by:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Predicting demand based on historical data and sales forecasts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automating the demand planning process<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reducing manual effort<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Creating more accurate capacity plans.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This module is vital to improve inventory management and ensure you can meet customer demand without overstocking.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Project Management and Professional Services Automation (PSA)<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NetSuite has SuiteProjects, OpenAir and NetSuite OneWorld for <a href=\"https:\/\/jacopo.ee\/en\/resources\/netsuite-project-management-tools\/\">project management<\/a> and PSA. These modules will help you streamline service-based business with project-based reporting, resource assignment and full-service operation management.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">SuiteProjects<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/assets\/pdf\/ds-ns-suiteprojects.pdf\"><span style=\"font-weight: 400;\">SuiteProjects<\/span><\/a><span style=\"font-weight: 400;\"> is a <\/span><a href=\"https:\/\/www.netsuite.com\/portal\/products\/professional-services-automation.shtml\"><span style=\"font-weight: 400;\">Professional Services Automation (PSA) solution<\/span><\/a><span style=\"font-weight: 400;\"> built on NetSuite. It\u2019s a single platform to run a service-based business, with project-based reporting, resource assignment and real-time visibility into project performance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With SuiteProjects, you can set up projects, create tasks, assign staff so the right resources are assigned to the proper functions, minimise non-billable time, and optimise productivity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The module also has advanced billing functionality to support various billing scenarios, such as recurring contracts, time and materials agreements and fixed-fee business. The project dashboard shows billable hours and percentages, complete with a drill-down to task details. This level of detail will give you accurate billing and time and expense management so you can improve project profitability and client satisfaction.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">OpenAir<\/span><\/h3>\n<p><a href=\"https:\/\/www.openair.com\/\"><span style=\"font-weight: 400;\">OpenAir<\/span><\/a><span style=\"font-weight: 400;\"> has tools to manage service operations, including resource assignments, timesheets and expense reports. Combining financial visibility with service operation management, OpenAir will enhance project management and give you better project outcomes and more efficiency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This will allow you to track and monitor project expenses, profitability and budget in real-time, ensuring projects are completed on time and within budget.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Human Resources and Workforce Management Modules<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NetSuite\u2019s SuitePeople HR<\/span><span style=\"font-weight: 400;\"> and SuitePeople Payroll, the HR modules, have all the solutions for workforce data management and HR service delivery. These modules will help you manage employee data, track performance and streamline payroll processing so you can improve overall HR efficiency and effectiveness.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">SuitePeople HR<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/assets\/pdf\/ds-suitepeople-hr.pdf\"><span style=\"font-weight: 400;\">SuitePeople HR<\/span><\/a><span style=\"font-weight: 400;\"> is a single platform that manages employee data. It connects HR data to financial, planning and budgeting processes. This integration will improve data accuracy and decision-making across the organisation. The module has:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">HR administration<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Performance management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Workforce engagement<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analytics<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You have a single platform to manage HR and financial data. Employees and managers can securely perform everyday HR tasks like changing addresses, viewing time-off balances, and reducing HR administrative costs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Performance Management Add-on Module will help you track employee goals and recognition tools to boost employee engagement. SuitePeople HR has access controls and effective dating, so you have data security and an audit trail for HR inquiries.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">SuitePeople Payroll<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/products\/hcm\/payroll-system.shtml\"><span style=\"font-weight: 400;\">SuitePeople Payroll<\/span><\/a><span style=\"font-weight: 400;\"> is a full-service payroll solution that integrates with NetSuite. It offers the following features:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Eliminates the need for third-party integrations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enhances payroll accuracy<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Streamlines payroll processing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitors timesheets<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts for deductions<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">With SuitePeople Payroll, you can manage payroll efficiently and accurately.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Employee self-service allows employees to update their addresses, add bank accounts and view paychecks, making payroll more efficient.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Analytics and Reporting Modules<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NetSuite\u2019s SuiteAnalytics and Analytics Warehouse has:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real-time financial and operational performance insights<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customisable reports, dashboards and KPIs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Actionable insights and data-driven decisions<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These modules will help you analyse and improve your performance.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">SuiteAnalytics<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/assets\/pdf\/ds-ns-suiteanalytics.pdf\"><span style=\"font-weight: 400;\">SuiteAnalytics<\/span><\/a><span style=\"font-weight: 400;\"> is built into NetSuite so you can access financial and operational data faster. As part of the NetSuite solution, it has:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real-time visibility into company performance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Flexible querying to analyse data from multiple sources<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A library of reports based on a single source of financial and operational data<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It simplifies reporting so you have accuracy and consistency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SuiteAnalytics has:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Role-based dashboards<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">KPIs for specific business roles<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real-time access to reports and performance data<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prebuilt and customisable reports<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These will help you monitor key metrics and make informed decisions, giving you the insights you need to grow and be profitable.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Analytics Warehouse<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/products\/analytics\/data-warehouse.shtml\"><span style=\"font-weight: 400;\">NetSuite Analytics Warehouse<\/span><\/a><span style=\"font-weight: 400;\"> has:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consolidates data from NetSuite and non-NetSuite sources for complete visibility<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Breaks down data silos and gives you a 360-degree view of your business<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It helps you identify issues, trends and opportunities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Drives better decision-making and planning<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Commerce Modules<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NetSuite\u2019s SuiteCommerce and SuiteCommerce InStore, the commerce modules, will enhance the online and in-store retail experience. These modules:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">integrate ecommerce with core operational business systems<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">provide a unified view of customers, orders, and inventory<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">support omnichannel retail strategies.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">SuiteCommerce<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/products\/suitecommerce.shtml\"><span style=\"font-weight: 400;\">SuiteCommerce<\/span><\/a><span style=\"font-weight: 400;\"> is an optimised ecommerce platform that integrates with NetSuite financials, order and inventory management and CRM. This integration will process online orders quickly and accurately, improving customer satisfaction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SuiteCommerce allows you to create responsive designs that will automatically adjust site capabilities for different devices so you have a seamless shopping experience across all platforms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The module has drag-and-drop site management tools so business users can launch promotions, create landing pages and publish content without IT. SuiteCommerce Advanced has complete control for developers and designers so that you can customise and integrate with other NetSuite modules. SuiteCommerce will help you deliver a unique and engaging online customer experience with these features.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">SuiteCommerce InStore<\/span><\/h3>\n<p><a href=\"https:\/\/www.netsuite.com\/portal\/products\/ecommerce\/products\/pos.shtml\"><span style=\"font-weight: 400;\">SuiteCommerce InStore<\/span><\/a><span style=\"font-weight: 400;\"> supports omnichannel retail by integrating physical and digital retail environments. This module has:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Complete featured mobile point-of-sale (POS)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Access to inventory and customer information<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">So customers have a seamless shopping experience whether they shop online or in-store.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">By integrating physical and digital shopping experiences, SuiteCommerce InStore will help you increase customer satisfaction and drive sales.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Pricing of NetSuite Modules<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NetSuite module pricing varies depending on company size, required modules and number of users. NetSuite has different editions for different business sizes and needs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, Standard Edition is for companies with up to 30 users and multiple legal entities, while Premium Edition is for larger companies with over 1,000 users. Pricing is based on the modules you choose, company size and number of users, so you only pay for what you need.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NetSuite also has service tiers based on the maximum number of users, file storage and monthly transaction lines. Full-user licenses are for users who perform daily transactions, and self-service user licenses are for users who perform limited tasks like entering time and expenses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NetSuite Sandbox accounts are available for development and testing without affecting operational data, so you have a safe environment to customise and test at an additional cost.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, NetSuite implementations can cost from<\/span><a href=\"https:\/\/www.netsuite.alphabold.com\/beyond-the-price-tag-uncovering-netsuites-hidden-costs\/\"> <span style=\"font-weight: 400;\">under \u20ac30,000 to over \u20ac250,000<\/span><\/a><span style=\"font-weight: 400;\">, depending on the complexity and scope of the deployment.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">My final thoughts<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As someone who has studied NetSuite\u2019s business modules, I can say it\u2019s unbeatable in terms of flexibility and scalability for businesses, startups, and enterprises.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether focused on financial management, CRM, inventory control, supply chain management, project management, HR or analytics, NetSuite has the tools to streamline your operations and drive growth.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By choosing the correct modules and leveraging NetSuite\u2019s power, you can be more efficient, make better decisions and stay ahead in the fast-paced market. If you are thinking of implementing or upgrading your ERP system, speak to me, a <a href=\"https:\/\/jacopo.ee\/en\/resources\/netsuite-consultant\/\">NetSuite consultant<\/a>, to discuss your migration and see how NetSuite is the option for you.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cras ultricies ligula sed magna dictum porta curabitur arcu erat, accumsan.<\/p>\n","protected":false},"author":4,"featured_media":3251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-resources"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Top NetSuite modules: features, benefits, and pricing guide<\/title>\n<meta name=\"description\" content=\"Discover top NetSuite modules for business management. 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