NetSuite Modules Guide: Key Modules, Pricing – FAQs

Frequently Asked Questions #

Our Frequently Asked Questions allow administrators, companies, and organizations to increase investment return on NetSuite accounts. Netsuite Implementations, Administration, Configuration, and Customizations, including Repairs – standard specifications, Maintainance Intervals, Technical & services bulletins, and Project Estimator procedures.
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FAQ: NetSuite Modules List #

NetSuite Financial Management Modules

NetSuite Advanced Financials.
NetSuite SuiteBilling. 
NetSuite Revenue Management 
NetSuite AP Automation. 
NetSuite Planning & Budgeting.
NetSuite Multi-Book Accounting 
NetSuite OneWorld.
NetSuite Dunning Letters.
NetSuite Fixed Assets Management 
NetSuite Electronic Bank Payments.

NetSuite Customer Relationship Management Module

NetSuite Customer Relationship Management Module
NetSuite CRM.
NetSuite Contract Renewals.
NetSuite Incentive Compensation.
NetSuite CPQ.

NetSuite Inventory and Order Management Modules
NetSuite Advanced Inventory Management.NetSuite Advanced Order Management.
NetSuite Commerce Modules

NetSuite SuiteCommerce
NetSuite SuiteCommerce Advanced eCommerce.
NetSuite SuiteCommerce InStore.
NetSuite SuiteCommerce MyAccount.
NetSuite Connector.

NetSuite Human Resources Modules
NetSuite Payroll.
NetSuite SuitePeople HR.
NetSuite SuitePeople Performance Management.

NetSuite Professional Services Automation Modules
NetSuite SuiteProjects .
NetSuite Project Management.
NetSuite OpenAir.

NetSuite Supply Chain Modules
NetSuite Procurement.
NetSuite Warehouse Management System (WMS).
NetSuite Demand Planning.
NetSuite Quality Management.
NetSuite Work in Process (WIP) and Routings.
NetSuite Work Orders and Assemblies.
NetSuite Advanced Manufacturing.

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FAQ: Choose a from a module category #

See the following questions and answers to understand the implications of the segregation of Customer Center roles from other roles.

NetSuite CRM & ERP

 

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NetSuite CRM & ERP #

NetSuite CRM & ERP is the base suite that delivers a real-time 360-degree view of your customer and provides a seamless flow of information across the entire customer lifecycle from lead through to opportunity, sales order, fulfillment, up-sell, cross-sell, support, invoicing, inventory management and full accounting. With the comprehensive financial management capabilities required to grow a changing, complex business, NetSuite takes your business beyond traditional accounting software by streamlining operations across your entire organization and providing you with the real-time visibility you need to make better faster decisions.

Features #

  • Financial Management
  • Supply Chain and Inventory Management
  • Procurement
  • Order and Billing Management
  • Warehouse and Fulfillment
  • Sales Force Automation
  • Customer Service Management
  • Marketing Automation
  • Real-Time Analytics

NetSuite OneWorld Module #

NetSuite OneWorld is an optional module that addresses the complex multinational and multi-company needs of mid-market organizations. Enables businesses to adjust for currency, taxation, and legal compliance differences at the local level, with regional and global business consolidation and roll-up.

Features #

  • Multi-company / Multi-org support in a single NetSuite Account
  • Segregated ERP and G/L for each Subsidiary
  • Global CRM and Sales Support
  • Multiple transactions and consolidation currencies
  • Local functional currency reporting for each Subsidiary
  • Real-time consolidated financial reporting for multiple currencies
  • Multi-country regulatory tax and reporting support

NetSuite Advance Inventory Module #

NetSuite Advanced Inventory is an optional module that provides a broad array of capabilities to optimize inventory availability and levels. This enables businesses to keep inventory costs low while meeting customers’ delivery expectations.

Features #

  • Matrix Items
  • Serialized Inventory
  • Bar Coding: Items and Transactions
  • Lot Management
  • Pick, Pack and Ship
  • Automated Re-order Point / Lead Time Calculations
  • Warranty Claims

NetSuite Advance Procurement Module #

NetSuite Advanced Procurement is an optional module that helps companies improve the procurement process by exerting tighter control over spending, simplifying requests for goods and services, and rendering real-time visibility end-to-end.

Features #

  • Helps manage supplier relationships, source-to-pay processes and related procurement spend
  • Creates requisitions transaction allowing a buyer to spread a requisition’s items across multiple vendor POs, and/or consolidate multiple requisitions’ items into a single vendor PO.
  • New purchase contracts enable companies to make purchases with negotiated pricing Lot Management
  • Blanket POs allow companies to purchase in large volumes and spread the delivery of the items or expenses over a time horizon using pre-specified schedules.

NetSuite Demand Planning is an optional module that enables purchasing and inventory managers to determine the demand projection of items in the coming months based on historical data and trends or sales forecast information. It delivers the insights that managers need to plan inventory accordingly and create purchase and work orders to meet anticipated demand.

Note: Advanced Inventory module is required for Demand Planning

Features #

  • Demand projection of items
  • Advanced Inventory Planning
  • Automated Purchase Orders and/or Work Orders

NetSuite Work Orders and Assemblies is an optional module that provides capabilities such as the assembly of products, creating inventory products from raw materials, assembling inventory kits, calculating assembly costs, and compiling materials lists.

Features #

  • Assemblies with Bill of Materials
  • Multi-level Sub-components
  • Work Orders for Production Orders and Special Order Assembly Build

NetSuite was the first to provide an eCommerce solution that unified eCommerce with your back office systems. Today, SuiteCommerce powers thousands of online businesses helping them grow and expand to new heights. Backed by professional services, an extensive partner ecosystem, and dedicated support, SuiteCommerce provides your business with everything it needs to succeed.

Features #

  • Advanced Site Customization
  • Dynamic, Database-Driven Hosted Site
  • Faceted Navigation
  • Dynamic merchandising
  • External Store Integration
  • Referrer Report
  • Click Activity Reports and more

As an optional add-on Module, with NetSuite Advanced Financials, finance departments can further automate billing processes and eliminate the manual work typically associated with billing customers. It enables the creation of highly customized billing schedules and templates and automates the creation of invoices based on different types of orders. It even provides milestone billing schedules that ensure work is billed as it is completed according to a service contract.

Features #

  • Advanced Budgeting
  • Expense Allocations
  • Amortization Schedules
  • Advanced Billing Schedules
  • Milestone Billing (when used with Advanced Project Accounting)
  • Statistical Accounting
  • Allocation Enhancement

NetSuite Advances Software Modules is an optional module that helps software and internet companies track issues and allow customers to download software on the portal.

Features #

  • Issue Lifecycle & Status Transition Engine
  • Closed-Loop Case/Issue Linking
  • Self-Service Issue Tracking for Customers
  • Advanced Billing Schedules
  • Electronic File/Software Distribution for NetSuite
  • Self-Service “My Downloads” Center

Recurring revenue from ongoing licenses, support, and maintenance contracts is the lifeblood of software companies. Managing and optimizing these recurring revenue streams is critical to the long-term health and success of software companies, including both cloud computing vendors and traditional software providers. This is an optional module.

Features #

  • Automated Contract Renewals
  • Multiple Contract Support
  • Upsell / Downsell Management
  • Sales through multiple channels
  • Uplift Management

NetSuite Fixed Asset Management is an optional module that enables you to maintain and control the complete asset lifecycle from creation to depreciation, revaluation, and retirement. Its detailed asset management functionality supports multiple depreciation calculation types, handling of depreciating and non-depreciating assets, maintenance schedules, leases, and insurance. Tight integration with NetSuite Financials creates accounting entries and fixed assets from purchases to help ensure that no equipment slips through the cracks.

Features #

  • Acquire, Depreciate, Dispose and Revalue assets
  • Depreciation Management
  • Asset Process Accounting Automation
  • Real-Time Asset Reporting
  • Up to 500,000 assets

NetSuite’s Incentive Management is an optional module that allows businesses to design, track and pay sales commission plans. NetSuite provides an easy-to-use solution to address the challenges of creating and maintaining complex multi-tiered commission plans, including managing and calculating sales compensation based on criteria such as quota, quantity sold, service item, product pro stability and even one-time “spiffs.” With NetSuite, sales teams get a clear view of their incentives through automated commission reporting, ensuring that sales reps understand their incentives and are aligned with business goals.

Features #

  • Commission Schedules based on products, percentage attainment, thresholds, and dates
  • Commission Plans with multiple Commission Schedules
  • Automated management of Special Incentives (spiffs)
  • Roll Up Commissions Plans with Manager incentives
  • Executive Commission Plan management
  • Process and pay Commissions (U.S. version & NetSuite Payroll required)
  • Alt Sales Amount (ASA)

NetSuite’s Project Costing is an optional module that provides visibility into project costs and cost management efficiency, enabling greater accuracy and accountability. Its robust cost management solution spans the planning cycle, from estimating to budgeting and forecasting, through all stages of project execution and posting to General Ledger.

Features #

  • Project Costing
  • Project Budgeting
  • Project Profitability Report

NetSuite WIP and Routings help in establishing realistic volume and cost targets and tracking performance against them. It also enables root causes to be identified and researched in instances where these targets are missed. This is an optional module.

Features #

  • Define work centers
  • Define routings with setup times and run rates
  • Track manufacturing activities (including labor and machine time) by the sequence of operations
  • Track labor, machine, and material cost accumulated in work in the process
  • Record labor and machine direct and overhead costs during operation completion
  • Work Orders Assemblies and Advanced Inventory modules are required

NetSuite Premier Payroll Service is the complete, full-service solution for managing your payroll. We do all the hard work for you, including handling all filings and deposits for federal, state, and local jurisdictions. The NetSuite Premier Payroll Service minimizes payroll headaches, reduces tedious paperwork, and gives you peace of mind with our “No Penalties Guarantee.” You’ll never need to prepare or mail payroll tax forms again. Managing payroll has never been so easy.

Features #

  • Fully integrated with accounting, sales force automation
  • Supports all federal state and more than 10,000 local taxes
  • Monitors tax law changes and provides mid-year and annual updates
  • Provides required forms online, pre-filled with employee and employer data
  • Determines employee tax jurisdictions (even locals) based on employee and business addresses
  • Supports state tax reciprocity laws
  • Applies local tax-sharing rules

NetSuite meets the in-store retailing needs of multi-channel and multi-location retailers with a modern POS solution that enables retailers to streamline and accelerate the transaction process, while also delivering personalized customer service. With a 360-degree view of the customer and enterprise-wide, real-time inventory visibility, NetSuite provides the omnichannel capabilities required to easily deliver a uni ed shopping experience and build strong customer loyalty. This is an optional add-on module.

Features #

  • Process retail transactions
  • Process returns and refunds
  • Manage cash-drawer
  • Manage multiple levels of security
  • Time clock tracking
  • Multiple Units of Measure
  • Serialized Inventory
  • Offline database to enable POS terminal to operate without continuous internet connectivity
  • Store data replication
  • Store level reporting

NetSuite’s Project Management is an optional module that seamlessly integrates with the NetSuite accounting system. In addition to project management and time and expense tracking, you can create and issue invoices, and compare project performance to budgets and other metrics. NetSuite Project Management module manages revenue recognition, expenses, unbilled balances, and other project-related financials.

Features #

  • Estimated Costing
  • Project Time Tracking
  • Project Task Management
  • Utilization & Backlog Reporting

Streamline Billing for Subscription-Based Business in one system. Companies are offering more and more services on a pay-as-you-go basis. While this enables companies to create service offerings that uniquely meet the requirements of their customers, it creates complex billing scenarios that companies must manage efficiently.

Features #

  • Calculate a billing amount by querying of usage data
  • Or based on a minimum monthly contract value
  • Allows the use of filters when querying the usage data
  • Using a tiered pricing calculation

NetSuite Resource Management gives you visibility into all aspects of your project resource management needs, helping to increase overall resource utilization and manage and deploy resources based on employee skills, experience, and availability.

Features #

  • Comprehensive Resource Management
  • Project Staffing
  • Resource Forecasting
  • Utilization Tracking

Revenue is recognized when it is realized or realizable, and when it has been earned. Whether a sales transaction consists of a single action, a series of actions across a period of time, or contains different types of deliverables in a bundle, NetSuite’s award-winning financial management software enables accounting departments to comply with revenue recognition requirements in a productive manner so that your financial statements are always accurate. This is an optional add-on module.

Features #

  • Revenue recognition schedules at the line item level
  • Reverse amortization for credits/refunds
  • Support for EITF 08-01 and EITF 09-03
  • Tracks and manages multiple Estimated Selling Prices by item
  • Enables automatic reallocation of order value to each line item
  • Revenue Recognition Dashboard Portlets with real-time analytics
  • Multi-currency and multi-subsidiary compatible
  • Includes up to 10,000 Revenue Recognition Schedules

NetSuite’s Issue Management is an optional module that lets you track and manage defects or enhancement requests with a closed-loop corrective action process that is seamlessly integrated with support and service. Never let a product or customer issue slip through the cracks again. NetSuite Issue Management functionality and processes are seamlessly integrated with CRM and case management, providing incredible visibility across the organization as well as giving customers and vendors real-time insight via their self-service portals.

Features #

  • Issue Lifecycle & Status Transition Engine
  • Closed-Loop Case/Issue Linking
  • Self-Service Issue Tracking for Customers

SuiteApp.com features hundreds of quality solutions, built using the SuiteCloud platform. Visit our SuiteApps to learn more through video, images, case studies, and data sheets. With our Built for NetSuite verification program, you have confidence in extending NetSuite with our SuiteApps.

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Available for IOS and Android, the applications are designed with a mobile-first UI for key workflows, and support push notifications for time-sensitive actions, allowing users to streamline work on the go.

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NetSuite integration may require the use of one or both NetSuite technologies: SuiteTalk Web Services and SuiteScript. SuiteTalk is a web service integration tool for joining NetSuite with third-party applications and systems. Coding can be done in SuiteTalk using any programming language.

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