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    The Ultimate Guide to NetSuite Modules

    Over 31,000 customers in every industry, vertical, and size are running their crucial operations on NetSuite because of its highly-customizable functionalities.

    NetSuite was built in the cloud, which means it’s scalable, agile, and grants the ability to tailor the software to meet your exact business needs for growth. NetSuite allows for further personalization beyond the standard functionality by utilizing NetSuite Add on Modules.

    What are NetSuite Add-On Modules? NetSuite Add-on Modules are offered in bundles specific to your industry and can be licensed separately at any time during your NetSuite contract. Since every module is different and has varying capabilities, costs may fluctuate. Check out our ultimate guide below for resources, videos and additional information on each of NetSuite’s most popular modules in 2022.

    NetSuite Add-on Modules

    NetSuite ERP Guide to Add-On Modules:

    1. NetSuite Advanced Financial Management

    Bring additional financial management functionality to NetSuite including budgeting, expense allocations and amortization, and statistical accounts. Optimize inventory and lower costs while meeting customer delivery expectations and demand.

    2. NetSuite Inventory Management

    Optimize inventory and lower costs while meeting customer delivery expectations and demand. Learn more about NetSuite’s advanced inventory management capabilities and how NetSuite’s item receiving and fulfillment processes help increase efficiencies within the warehouse.

    3. NetSuite Work Orders & Assemblies

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

    4. NetSuite Demand Planning

    Enable purchasing and inventory managers to make decisions based on demand projection, historical data and trends to plan inventory correctly and meet expected sales.

    5. NetSuite Manufacturing WIP and Routings

    Optimize Manufacturing processes and efficiency by establishing realistic volumes, tracking performance, and identifying where targets are missed. NetSuite’s WIP and Routings capabilities gives companies the ability to define a routing for the manufacturing process, the resources needed to complete the process, and the expected time and cost required.

    6. NetSuite Project Mangement

    Effectively improve your operations with tighter control and visibility into a complex operation. Manage services with integrated project tracking, project management and reporting to ensure that your business remains profitable. NetSuite’s Project Management module seamlessly integrates with the NetSuite accounting system enabling the entire team to efficiently collaborate and maintain projects in realtime.

    7. NetSuite Warehouse Management System (WMS)

    With industry-leading features such as mobile RF barcode scanning, wave planning, cartonization, kitting, and space management, NetSuite WMS increases efficiency, improves operational excellence, and lowers cost for warehouses of any size and complexity.

    Learn how NetSuite maximizes operations though out the warehouse with picking, tasks, shipping, and receiving. Increase warehouse, production and shipping accuracy, and boost efficiency with Mobile RF Scanning.

    8. NetSuite Fixed Assets Management

    Automatically manage the complete asset lifecycle in real-time from acquisition, depreciation, revaluation and retirement with a seamless integration to NetSuite Financials.

    Discover the fixed assets management capabilities within NetSuite through journal entries, purchase orders, vendor bills, inventory transfers, and show how to bulk import both new and existing fixed assets into NetSuite.

    9. NetSuite Quality Management

    NetSuite’s Quality Management solution allows businesses to deliver the highest quality in your products with little overhead no matter the complexity, business size or product type.

    Learn how NetSuite’s quality management solution automates and enables engineers to perform inspections, review standards, and record and submit data for analysis in real-time. Triggering workflows around specification failures and ultimately helps businesses achieve consistent quality levels.

    10. NetSuite Revenue Management

    Simplify the complexities of evolving revenue recognition mandates with real-time, always compliant actionable data.

    This demonstration will walk through the purpose-built dashboard with reminders, tasks, KPIs, real-time information, and a visual of trends. It will also demonstrate how NetSuite decouples billing from revenue through different rules built within the sales orders. Rules are used as a way to depict forecasting, revenue recognition, and more. Last, we’ll show a revenue forecast, summary reports, and billing.

    11. NetSuite SuitePeople HR

    Transform your HR department with real-time data throughout the site, giving businesses complete control over all HR processes in one easily accessible location. NetSuite SuitePeople securely weaves real-time data throughout the suite, giving businesses complete control over HR processes.

    With SuitePeople HR businesses have a single platform to manage ERP, CRM, PSA, omnichannel commerce and HR, eliminating the wasted time and frustration that comes from using multiple disconnected departmental systems.

    12. SuitePeople Performance Management

    Keeping employees engaged and productive is a high priority for HR and finance leaders. SuitePeople Performance Management provides a central place to easily administer the performance review process, allows managers and employees to collaborate on their goals and have a real-time view over the entire business. Approvals, acknowledgments, and performance metrics allow for a consistent and streamlined process for every employee.

    13. NetSuite SuitePeople Payroll

    A full-service solution managing payroll from filings, deposits and tax jurisdictions. Managing payroll has never been this easy.

    This demonstration will show how employees can utilize their paycheck details in NetSuite, pay stub, pay amount, and W4 elections all from a single view. NetSuite SuitePeople securely weaves real-time data throughout the suite, giving businesses complete control over HR processes.

    Why Protelo? Learn what sets our NetSuite team apart

    14. NetSuite OneWorld

    Develop consistent processes across complex multi-company and multinational operations with real-time visibility at the local, regional and global level.

    Learn about NetSuite’s powerful solution that delivers a real-time, unified global business management ERP platform for enterprises that manage multinational and multi-subsidiary operations. NetSuite understands the needs of global businesses and the obstacles they are required to overcome. Transform your business with pre-configured role-based dashboards, KPIs, industry-based best practices, and key metrics within your organization’s global operations.

    15. NetSuite Planning and Budgeting Cloud Service (PBCS)

    Meet the business planning and budgeting needs across your entire organization with reporting, approval workflows, and modeling capabilities in one collaborative solution.

    16. NetSuite Advanced Order Management

    Deliver the perfect order every time with increased inventory intelligence and automation with omnichannel fulfillment wherever you hold your products.

    Learn how NetSuite’s Advanced Order Management brings efficiency and automation to help businesses intelligently fulfill orders based on global inventory availability, predefined business rules, and achieve better visibility across the supply chain.

    17. NetSuite Procurement

    Enhance the procurement process with real-time visibility, tighter budget, and simplified requests for goods and services to reduced error.

    Optimize your procurement process for cost certainty with workflow-driven approval routings. Learn how NetSuite Procurement Software will help optimize your procurement process for cost certainty with workflow-driven approval routings.

    18. NetSuite Software Management

    Assists Software and Internet companies track and resolve issues, manage product development processes and increase customer satisfaction with end-to-end NetSuite CRM integration.

    19. NetSuite Contract Renewals

    Automate and track renewable assets, reduce costs through improved billing efficiencies, and gain real-time visibility into your expiring customer relationships.

    20. NetSuite Multibook Accounting

    Comply with multiple sets of financial books, accounting results, and make timely adjustments all in one real-time suite to optimize the financial close process. Demonstrating the capabilities of NetSuite Multi-Book through a snapshot of customizable, role-specific KPIs.

    Learn how to map accounts, adjust the rules to match individual business needs, and recognize revenue from different currencies and multiple books into a single income statement. We will also demonstrate how rule-based postings can apply to amortization, revenue recognition, and depreciation.

    21. NetSuite SuiteBilling

    Streamline billing operations with real-time visibility into billing and, financial activity enabling companies to turn billing activities into reporting, tracking and next-step conversations with customers. Utilizing NetSuite CRM we will walk through creating a sales order with a billing schedule, look at items purchased, and review any existing subscriptions with applicable regions, durations, dates, and detailed information.

    We’ll dive into subscription pricing, and demonstrate how to edit subscriptions and review recurring revenue reports to show relevant billing information.

    22. NetSuite OpenAir (PSA)

    Gives professional services organizations the ability to run their core operations with end-to-end automation, real-time insights to increase profitability, and make decisions based on data-driven information.

    NetSuite on-demand services

    23. NetSuite SuiteAnalytics Connect (ODBC ACCESS)

    Maximizing your on-premise BI investments into a comprehensive set of centralized real-time information across the entire business. Discover the power of NetSuite’s SuiteAnalytics workbook tool to gain real-time insights into your business’ data. This demo will take you through NetSuite’s pre-configured reports and the process of leveraging specific data points in NetSuite to make accurate and unique business decisions.

    24. NetSuite Advanced Electronic Bank Payments

    Electronic Bank Payments brings to NetSuite complementary electronic banking functionality that includes Electronic Funds Transfer (EFT) payments, customer refunds and customer payments (direct debits), as well as check fraud prevention through the Positive Pay service offered by leading banks.

    25. NetSuite Advanced Manufacturing

    It offers comprehensive functionality and is specifically designed to help manufacturers of all sizes reduce operating costs, increase revenue and manage their business and supply chain processes overall. Demonstrating how Manufacturers can utilize NetSuite’s Advanced Manufacturing module to run their operations more efficiently using leading cloud-based business management solutions.

    26. NetSuite Advanced Revenue Management

    Revenue management can no longer live in spreadsheets. NetSuite’s financials software simplifies the complexities of evolving revenue recognition mandates, no matter if a sale encompasses a single performance obligation, a series of obligations spanning a time period, or diverse obligations in a bundle.

    Demonstrating NetSuite’s advanced revenue management capabilities to report on sales and revenue by region, subsidiary, sales representative, and contract deferral cost to recognize at a future date and determine fair value pricing.

    27. NetSuite SuiteCommerce

    SuiteCommerce unifies ecommerce with your core operational business systems—providing a single view of customer, orders, inventory and other critical business data, enabling real-time understanding of your business and powering personal and relevant omnichannel experiences.

    Demonstrating how NetSuite SuiteCommerce, unifies ecommerce with back-end business systems and reach customers with a memorable and engaging online experience.

    28. NetSuite SuiteCommerce Advanced

    SuiteCommerce Advanced unifies ecommerce with your core operational business systems—inventory and order management, customer support and financials—providing a single view of customer, orders, inventory and other critical business data that enables personaL and relevant omnichannel experiences.

    29. NetSuite CRM+

    NetSuite CRM+ delivers powerful customer relationship management (CRM) capabilities, including sales force automation (SFA), marketing automation, customer support and service, ecommerce and flexible customisation, all in a single cloud CRM solution. And unlike typical CRM solutions, NetSuite CRM+ includes powerful sales performance management, order management and partner management.

    30. NetSuite Incentive Compensation

    NetSuite’s Incentive Management allows businesses to design, track and pay sales commission plans. NetSuite provides an easy-touse 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 profitability and even one-time “spiffs.”

    31. NetSuite Restaurant Franchisor

    In order to grow and thrive, franchisors require an integrated business system that connects financial procedures, standards, and feedback tools. With all processes in a single unified system, franchisees can conform to company standards and franchisors can obtain enhanced visibility and support.

    32. NetSuite Grid Order Management

    NetSuite offers order management solutions that enable you to meet and exceed rising customer expectations for omnichannel fulfillment, while profitably scaling your business. NetSuite enables users to easily enter and print orders for inventory items in a grid format while assigning them to selected transactions.

    Learn more about NetSuite’s order-to-cash procedures from sales order, payment acceptance, and tracking open receivables for services companies.

    33. NetSuite Suiteprojects

    SuiteProjects is a PSA solution natively built on NetSuite. SuiteProjects combined with CRM, HR, and ERP, provides a comprehensive single platform to run a services business. SuiteProjects quickly generates tangible results while driving increased resource utilization, elevating on-time project delivery, expediting billing cycles, improving invoicing accuracy, streamlining revenue recognition, reducing overhead, and increasing visibility into your services organization.

    34. NetSuite Development & Sandbox Accounts

    NetSuite is a uniquely customizable and extensible platform for your business. To mitigate risks and provide the tools and a test environment before you implement the changes in your live instance, NetSuite provides Development and Sandbox accounts, which are safe, secure, and isolated test environments. These accounts allow developers and administrators to test customizations, apply fixes, test third-party applications, update forms, searches, scripts, and train new users on the system.

    35. NetSuite Learning Cloud Support Company Pass

    The NetSuite Learning Cloud Support (LCS) Company Pass provides subscription-based training that allows all your NetSuite users to easily and cost-effectively engage in continuous learning. LCS Company Pass incorporates multiple learning styles, such as on-demand eLearning courses, hands-on lab exercises, interactive webinars and user enablement support, to help users at all levels improve their knowledge and self-sufficiency.

    36. NetSuite Analytics Warehouse

    NetSuite Analytics Warehouse is the only pre-built analytics platform and data warehouse built to work with NetSuite. Leveraging the Oracle Analytics Cloud, a machine learning-powered analytical tool, and Oracle Autonomous Data Warehouse, a data warehouse that automatically tunes, scales, provisions, and patches itself, NetSuite Analytics Warehouse brings together multiple sources of data, including NetSuite data, CSV files, and other business system data, to discover patterns and insights that unlock new opportunities to drive growth.

    37. SuiteCloud Plus

    A SuiteCloud Plus license increases an account’s throughput by permitting more concurrency for web services, scheduled processes and file imports. By adding SuiteCloud Plus licenses, customers can operate, in parallel, more web services integrations, batch processes and file imports. The number of SuiteCloud Plus licenses made available has a direct impact on attainable throughput and peak scalability.

    38. NetSuite Dunning Letters

    Bring additional financial management functionality to NetSuite including budgeting, expense allocations and amortization, and statistical accounts. Optimize inventory and lower costs while meeting customer delivery expectations and demand.

    NetSuite resources

    RELATED NETSUITE PAGES

    NetSuite provides other external applications created for niche business solutions with pre-built NetSuite integrations in the cloud. Check out Protelo’s RingCentral Integration, RightSupply Purchase Planning and RightTax Sales and Use Tax SuiteApp.

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