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Home $ Implementations $ Ultimate Guide to Oracle NetSuite Modules

Ultimate
Guide to
Oracle
NetSuite
Modules
Jul 21, 2019 | Implementations,
NetSuite

Netsuite modules empower your business to

streamline operational efficiency, allowing the team to
spend time on productive, value-added work. Due to
its capabilities, clients are able to automate manual
activities and connect different departments within
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one intuitive system. NetSuite ERP Assistant 👩‍💻

Reduce errors: manual work leads to human

errors that can be avoided. NS software guarantees
clean processes by setting up rules and automated
 notifications for various approval steps, document
submissions & work tracking.a
Improves productivity: get real-time reports on
team performance, set up goals and share
information with colleagues at any moment.
Centralized information: all data is in one system,
always synced, avoiding double entries and
bringing users a complete 360 view of operations.
What we will cover:
What are NetSuite Modules?
What are NetSuite Advanced Modules?
What’s the difference between NetSuite add-ons
and Modules?
Full List of NetSuite Modules
How much do NetSuite modules cost?

Financials First – Executive Overview

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NetSuite ERP Assistant 👩‍💻

What are NetSuite Modules?

NS is well-known for having a complete, intuitive ERP
feature set. You can build youraideal ERP system
environment according to your own team’s
requirements.
NetSuite comes standard with basic ERP software
features within the main platform. The platform is
made of modules, a set of features aimed at
improving business processes, from custom fields,
forms to workflows, they are integrated within your
ERP system. Just like lego, modules are “pieces” you
can incorporate to create your ideal structure.
Depending on the complexity of your industry
operations and specific requirements, NetSuite offers
different module types to mould to your DNA.

What about Advanced Modules?

NetSuite Modules are categorized depending on the
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tasks that need to be accomplished. Advanced
NetSuite ERP Assistant 👩‍💻

modules are upgrades of the existing module that

simply have more features to satisfy complex
business processes.
This doesn’t mean the advanced module is better
a extra features for
than the original version. It provides
core processes in case the base version wasn’t up to
the challenge. According to the complexity of the
activities your team handles, an advanced module
may be the best option for you.
Always speak with a NetSuite Solutions Partner
before selecting your modules. Since the system is
very detailed, some modules and their features may
be confusing to a new user of NS.

TOP NETSUITE MODULE LIST:

Advanced Financials: ideal for expenses
management, budgeting, and flexible billing. The
statistical accounts feature helps calculate
allocations dynamically.
SuiteBilling: the latest solution for recurring billing
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processes. It allows you to manage NetSuite NetSuite ERP Assistant 👩‍💻

projects with revenue recognition requirements.

Contract Renewals Module: this module is ideal if
your business manages different contract types
 by subscription methodology. Only available for
current NetSuite users. a
Planning and Budgeting: to support your business
decisions, the planning and budgeting module will
provide significant financial insights and analytics. It
allows for company-wide and departmental
planning along with modelling, approval workflows
and reporting.
Fixed Assets: avoid multiple spreadsheets, easily
track non-depreciating and depreciating assets with
easy dashboards. . Create and customize as many
depreciation methods as you wish.
Demand Planning: imagine having the ability to
predict what your inventory requires. NS helps you
do that based on sales forecasts or historical
demand. It also supports your inventory
management while reducing the cost of order
consolidation.
Advanced Procurement: NetSuite advanced
procurement is the “boosted” version of the
procurement module. Its main benefit is that it
consolidates multiple requisitions into small
numbers of purchase orders, reducing the
transaction costs.
Advanced Inventory: have full inventory control and
connect multiple locations. Reduce costs of
shipping, fulfillment, warehousing and
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procurement. Increase customer satisfaction by
NetSuite ERP Assistant 👩‍💻
speeding up delivery and eliminating stock-outs.
Warehouse & Assemblies: support your inventory,
manufacturing and picking process by facilitating:
UPC codes, task management, and inbound
reversal. a
CRM: The NetSuite CRM software allows you to
connect your ERP to your clients’ information. View
customer activity in real-time and keep track of
sales interaction.
SuiteCommerce InStore: the only solution that
unifies digital and physical shopping experience on
a single platform. Brings absolute customer and
inventory information.
NetSuite Quality Management: manage and
improve product quality by setting quality practices,
policies, and standards.
NetSuite Advanced Revenue
Management: supports revenue recognition for all
industries. Offers flexible revenue contracts and a
dynamic fair value pricing to guarantee complete
control over operations. This NetSuite accounting
feature-set is hands down the best in the ERP
industry.
NetSuite Professional Services Automation: also
known as NetSuite PSA. Allows your team to create
independent projects and set up your own rules to
manage every client.
NetSuite Manufacturing: allows companies to
design and set up well-established workflows. It
controls every single step in the production process
while tracking associated costs. Hey there, I'm Claire, your
SuitePeople: better known as Human Capital
NetSuite ERP Assistant 👩‍💻

Management. It helps manage team members on

an individual and collective level. The NetSuite time
 tracking feature helps with project invoicing and
productivity reporting. a
NetSuite Accounting: brings complete real-time
visibility over financial transactions. Guarantees a
clear and clean financial management, allowing
collaborative teamwork and approval flows. Due to
its friendly interface, it allows you to customize
every single transaction and save preferences for
the future.
NetSuite CRM+: keep all your clients satisfied.
NetSuite CRM brings a complete profile over
clients’ data, allowing to track beyond name and
personal information but actually website visitors’
behaviour and interests. Brings to the sales team
the possibility to analyze analytics and detect
opportunities.

Image Order management Module – Sales Order

with a line item.

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NetSuite ERP Assistant 👩‍💻
Is there a difference between Oracle
NetSuite Modules andaAdd-ons?
Yes, modules and add-ons are different but may
complement each other. A module is a complete
system on its own, it has different records and
functionality. While add-ons are native to NS and
provide a particular feature you can “activate” at any
given time to enhance any module you already have.
Pro Tips:
For marketing purposes, some people prefer to call
them “NetSuite Add-On modules” but it is
important to highlight that both terms refer to
different functions in the system.
Some add-ons, such as consolidated Invoicing,
require the use of a module first (Order
Management for this case). Various add-ons are
totally free but should be installed by an
experienced consultant.

What are SuiteApps?

SuiteApps are applications developed by third-party
companies external to NetSuite. In comparison,
modules are NetSuite native applications.
TOP POPULAR SUITEAPPS:
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FloQast: financial close software, well known by
NetSuite ERP Assistant 👩‍💻
financial teams as a lifesaver during the period
close. Helps manage any financial consolidation
process. The system itself reminds you what’s left
 to do, what you should fix and tracks your month-
end close process end-to-end. a
Avalara: all of our clients love Avatax. Simply
because they are the easiest way to manage taxes
and invoices. They even cover +16,000 tax
jurisdictions in the USA!
Adaptive Insights: Its beautiful analytics makes it
pretty easy to understand financial behaviour with
real-time data. Ideal for dashboards, reports, and
budgets.
Avidxchange: a very popular app to automate AP
processes. It facilitates communication between
suppliers and buyers by streamlining electronic
payments.

How much do NetSuite ERP modules

cost?
NetSuite ERP cost is calculated based on 5
factors. According to your industry, company size,
users, modules & requirements, the price of each
module may vary. Each module has individual pricing
(not including the install price). Check out our
NetSuite cost factors post to have detailed
information about pricing, modules, and tips to save
$$$ on implementing NetSuite.
All modules were designed to optimize a specific
business process. Depending on your ownHey business
there, I'm Claire, your
NetSuite ERP Assistant 👩‍💻
requirements and your team’s needs, you may need
extra help. We know it can be a little intimidating to
ensure you’ve got the specs down-packed. Just give
 us a shout, we’d love to help your team reduce
mundane work. a

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Module

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