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The mega guide to NetSuite modules (2024)

The mega guide to NetSuite modules (2024)
Published on 11th July 2024

NetSuite offers a wide array of modules tailored to meet various business and industry needs. The list is long, and the capabilities diverse.

Below is a quick overview of each key NetSuite module, its primary function, which businesses would benefit most from its implementation and additional resources you can explore to inform you decision making.

Advanced Financial Management

Best for: Companies requiring sophisticated financial management capabilities.

Key benefits:

  • Advanced budgeting and planning tools
  • Enhanced financial analysis capabilities
  • Improved financial oversight and control

Overview: This module extends NetSuite’s core financial management capabilities, offering advanced tools for budgeting, planning, financial analysis, and overall financial oversight and control.

 

Learn more:

Datasheet: NetSuite Advanced Financials

NetSuite website: NetSuite Financial Management

Video demo: NetSuite Advanced Financials

Blog: A comprehensive guide to NetSuite’s advanced financial capabilities

NetSuite Account Reconciliation (NSAR)

Best for: Financial departments seeking to streamline their reconciliation processes.

Key benefits:

  • Automates reconciliation processes
  • Reduces errors and manual work
  • Ensures compliance with accounting standards

Overview: NetSuite Account Reconciliation helps businesses automate and manage their reconciliation processes, ensuring accuracy and compliance. It simplifies the reconciliation of accounts by automating much of the manual work, reducing errors, and improving efficiency.

 

Learn more:

Datasheet: NetSuite Account Reconciliation

NetSuite website: NetSuite Account Reconciliation Software

Video demo: NetSuite Account Reconciliation

Blog: Why financial leaders swear by NetSuite for account reconciliation

NetSuite Advanced Inventory Management

Best for: Businesses with complex inventory needs.

Key benefits:

  • Efficient multi-location inventory management
  • Accurate demand forecasting
  • Automated restocking

Overview: NetSuite Advanced Inventory Management provides tools for managing inventory across multiple locations, forecasting demand, and automating restocking. It is perfect for businesses needing precise inventory control to optimise stock levels and minimise costs.

 

Learn more:

Datasheet: NetSuite Advanced Inventory

NetSuite website: NetSuite Inventory Management Systems

Demo: NetSuite Advanced Inventory Management

NetSuite Advanced Manufacturing

Best for: Manufacturing companies needing to streamline their production processes.

Key benefits:

  • Efficient management of work orders and assemblies
  • Streamlined production processes
  • Reduced manufacturing costs

Overview: This module offers comprehensive solutions for managing work orders, assemblies, WIPs, and routings. It helps manufacturers optimise their production processes, ensuring efficiency and reducing costs.

 

Learn more:

Datasheet: NetSuite Advanced Manufacturing

NetSuite website: Solving Manufacturing Complexity with NetSuite Work Orders & Assemblies, WIPs & Routings and Advanced Manufacturing

Case study: NetSuite WMS Advanced Warehouse Tour with Alpha Comm

Advanced Procurement Management

Best for: Businesses aiming to optimise their procurement processes.

Key benefits:

  • Streamlined procurement workflows
  • Improved vendor relationship management
  • Enhanced procurement performance analysis

Overview: NetSuite’s Advanced Procurement module streamlines the procurement process from requisition to payment, ensuring efficiency and cost savings. The module includes tools for managing vendor relationships, automating procurement workflows, and analysing procurement performance.

 

Learn more:

Datasheet: NetSuite Advanced Procurement

NetSuite website: Procurement solution overview

Module video demo: NetSuite Procurement Module: Request for Quote Demo

NetSuite Advanced Revenue Management

Best for: Companies needing to manage complex revenue recognition processes.

Key benefits:

  • Automated revenue recognition
  • Compliance with accounting standards
  • Improved financial accuracy

Overview: This module automates the revenue recognition process, ensuring compliance with accounting standards and improving financial accuracy. It is particularly beneficial for businesses with diverse revenue streams and complex revenue arrangements.

 

Learn more:

Datasheet: NetSuite Advanced Revenue Management

NetSuite website: Revenue Recognition Overview

Blog: A detailed look at NetSuite advanced revenue recognition + scenarios

NetSuite Cash 360

Best for: Businesses needing comprehensive cash management solutions.

Key benefits:

  • Real-time cash flow visibility
  • Improved liquidity management
  • Automated cash transactions

Overview: NetSuite Cash 360 provides real-time visibility into cash flow and helps businesses manage their liquidity. It offers tools for forecasting cash needs, managing cash positions, and automating cash transactions.

 

Learn more:

Datasheet: NetSuite Cash 360

NetSuite website: NetSuite Cash Management Software

Video demo: NetSuite Cash 360 Dashboard

Connectors

Best for: Businesses looking to integrate NetSuite with other platforms.

  • Seamless integration with various platforms
  • Automated data flows
  • Enhanced operational efficiency

Overview: NetSuite Connectors facilitate the integration of NetSuite with various e-commerce, CRM, and other business systems. This module helps businesses automate data flows, ensuring seamless operations across different platforms.

Annexa also offer a range of integration services to cater to your more complex and holistic integration needs, including iPaaS with our strategic partner Celigo, prebuilt connectors and our own AnnexaConnect integration solution.

 

Learn more:

Datasheet: NetSuite Connector

NetSuite website: What is NetSuite Connector?

Annexa solution: Prebuilt connectors

Annexa solution: AnnexaConnect

Annexa solution: Evaluating integrations: our impactful journey to iPaaS

NetSuite Contract Renewals

Best for: Businesses with subscription or contract-based revenue models.

Key benefits:

  • Automated contract management
  • Timely renewals
  • Reduced revenue leakage

Overview: This module automates the management and renewal of contracts, ensuring timely renewals and reducing revenue leakage. It is ideal for businesses needing efficient contract management to maintain steady revenue streams.

Learn more:

Datasheet: Contract Renewals

CPQ (Configure, Price, Quote) – Coming soon

Best for: Sales teams requiring efficient quoting processes.

Key benefits:

  • Streamlined quoting process
  • Accurate and timely quotes
  • Enhanced sales operations

Overview: NetSuite CPQ streamlines the configure, price, and quote process, ensuring accurate and timely quotes. It is perfect for businesses with complex product offerings needing to enhance their sales operations.

 

Learn more:

Datasheet: NetSuite CPQ

NetSuite website: What is NetSuite CPQ?

Video demo: NetSuite CPQ (Configure, Price, Quote)

NetSuite Customer Relationship Management (CRM)

Best for: Businesses seeking to enhance customer relationship management. Key benefits:

  • Comprehensive customer management
  • Sales automation
  • Enhanced marketing and support

Overview: NetSuite CRM provides tools for managing customer interactions, sales automation, marketing campaigns, and customer support. It helps businesses improve customer satisfaction and drive sales growth.

 

Learn more:

Datasheet: NetSuite CRM

Video demo: NetSuite CRM: Sales

Video demo: NetSuite CRM: Marketing

Video demo: NetSuite CRM: Customer Support

NetSuite Data Analytics Warehouse

Best for: Businesses needing advanced data analytics and reporting.

Key benefits:

  • Advanced analytics capabilities
  • Deeper data insights
  • Improved decision-making

Overview: NetSuite Analytics Data Warehouse offers robust analytics capabilities, enabling businesses to gain deep insights from their data. It is ideal for organisations looking to enhance their data-driven decision-making.

 

Learn more:

Datasheet: NetSuite Data Analytics Warehouse

NetSuite website: NetSuite Data Warehouse

Annexa demo: NetSuite Analytics Warehouse

NetSuite Demand and Supply Planning

Best for: Businesses requiring precise demand and supply forecasting.

Key benefits:

  • Precise demand forecasting
  • Efficient supply chain management
  • Balanced supply and demand

Overview: This module helps businesses forecast demand, plan inventory, and ensure supply chain efficiency. It is perfect for companies needing to balance supply with customer demand accurately.

 

Learn more:

Datasheet: NetSuite demand Planning

NetSuite website: NetSuite Planning and Budgeting

Video demo: NetSuite Demand and Supply Planning

NetSuite Dunning Letters (collections notice)

Best for: Businesses needing efficient accounts receivable management.

Key benefits:

  • Automated payment reminders
  • Improved receivables management
  • Reduced overdue accounts

Overview: NetSuite Dunning Letters automate the process of sending payment reminders to customers, helping businesses manage receivables more effectively and reduce overdue accounts.

 

Learn more:

Datasheet: NetSuite Dunning Letters

Video demo: NetSuite Dunning Letters

NetSuite Electronic Bank Payments

Best for: Businesses needing streamlined bank payment processes.

Key benefits:

  • Automated electronic payments
  • Reduced financial transaction errors
  • Enhanced efficiency

Overview: This module automates the process of making and receiving electronic payments, improving efficiency and reducing errors in financial transactions.

 

Learn more:

Datasheet: NetSuite Electronic Bank Payments

NetSuite website: What is NetSuite Electronic Bank Payments?

Video demo: NetSuite Electronic Bank Payments Bundle

NetSuite Enterprise Performance Management (EPM)

Best for: Businesses needing to align strategy with execution.

Key benefits:

  • Integrated planning and budgeting
  • Improved strategic alignment
  • Enhanced performance tracking

Overview: NetSuite EPM helps organisations plan, budget, and forecast performance, ensuring that business strategies are effectively executed and monitored.

 

Learn more:

Datasheet: NetSuite Enterprise Performance Management

NetSuite website: What is NetSuite Enterprise Performance Management?

Announcement: SuiteWorld 2023: Announcing NetSuite Enterprise Performance Management (EPM)

NetSuite Fixed Asset Management

Best for: Businesses needing to manage their fixed assets efficiently.

Key benefits:

  • Efficient asset tracking
  • Automated depreciation
  • Accurate financial reporting

Overview: This module provides tools for tracking, managing, and depreciating fixed assets, ensuring compliance and accurate financial reporting.

 

Learn more:

Datasheet: Fixed Asset Management

NetSuite website: What Is NetSuite Fixed Assets Management?

Video demo: NetSuite Fixed Assets Management

NetSuite Guided Learning – coming soon

Best for: New users or those needing additional training on NetSuite.

Key benefits:

  • Structured learning paths
  • Interactive training
  • Enhanced user adoption

Overview: NetSuite Guided Learning offers interactive and structured learning paths to help users get the most out of their NetSuite implementation.

 

Learn more:

Datasheet: NetSuite Guided Learning

NetSuite website: What is NetSuite Guided Learning?

NetSuite Incentive Compensation Management

Best for: Sales-driven businesses needing to manage sales incentives.

Key benefits:

  • Automated commission calculations
  • Accurate and timely compensation
  • Enhanced sales performance

Overview: This module automates the calculation and management of sales commissions, ensuring accurate and timely compensation for sales teams. It allows users to design and manage complex multitiered commission plans based on multiple criteria, such as quota, quantity sold, service item, product profitability and even incentives, including one-time “spiffs.”

 

Learn more:

Datasheet: NetSuite Incentive Management

NetSuite OneWorld

Best for: Global businesses needing to manage multiple subsidiaries.

Key benefits:

  • Comprehensive global management
  • Multi-currency and multi-language support
  • Efficient subsidiary management

Overview: NetSuite OneWorld provides comprehensive support for managing global operations, including multi-currency, multi-language, and multi-subsidiary management.

 

Learn more:

Datasheet: NetSuite OneWorld

NetSuite website: NetSuite Global Business Management

NetSuite Order Management & Advanced Order Management

Best for: Businesses needing to streamline their order processes.

Key benefits:

  • Streamlined order-to-cash process
  • Efficient order handling
  • Advanced order management capabilities

Overview: NetSuite Order Management automates the order-to-cash process, ensuring efficient order handling and fulfilment. The advanced version offers additional features for complex order management needs.

 

Learn more:

Datasheet: NetSuite Order Management

NetSuite website: What Is NetSuite Order Management?

Quick video: What is Order Management?

NetSuite OpenAir

Best for: Professional services organisations needing project and resource management.

Key benefits:

  • Comprehensive project management
  • Efficient resource allocation
  • Enhanced project delivery

Overview: NetSuite OpenAir provides tools for managing projects, resources, and finances, ensuring efficient delivery of professional services.

 

Learn more:

Datasheet: NetSuite OpenAir

NetSuite website: What is NetSuite OpenAir?

Video demo: OpenAir: Project and Resource Management

Video demo: NetSuite SuiteSuccess: OpenAir Resource Management

Video demo: NetSuite SuiteSuccess: OpenAir Project Delivery

Video demo: NetSuite SuiteSuccess: OpenAir Consulting Operations

NetSuite Planning and Budgeting (NSPB formerly PBCS)

Best for: Businesses needing robust planning and budgeting capabilities.

Key benefits:

  • Robust planning tools
  • Accurate budgeting and forecasting
  • Streamlined financial processes

Overview: NetSuite Planning and Budgeting offers comprehensive tools for financial planning, budgeting, and forecasting. It helps organisations streamline their financial processes, ensuring accuracy and efficiency in financial planning.

 

Learn more:

Datasheet: NetSuite Planning and Budgeting

NetSuite website: What is NetSuite Planning and Budgeting?

Video demo: NetSuite SuiteSuccess Planning & Budgeting: Premium Overview

Project Management and SuiteProjects

Best for: Project-based businesses needing detailed project and resource management. Note that SuiteProjects is the more advanced version of Project Management inclusive of job costing and resource allocation.

Key benefits:

  • Detailed project tracking
  • Advanced job costing and resource allocation
  • Enhanced project execution

Overview: NetSuite Project Management provides tools for planning, executing, and tracking projects. SuiteProjects, the advanced version, includes additional features like job costing and resource allocation, ensuring comprehensive project management capabilities.

 

Learn more:

Project Management

Datasheet: NetSuite Project Management

NetSuite website: What is NetSuite Project Management?

NetSuite SuiteProjects

Datasheet: NetSuite SuiteProjects

Video demo: NetSuite SuiteProjects

Project 360 Dashboard

Press release: NetSuite Project 360 Empowers Project Managers to Deliver Projects on Time and Within Budget

Guide: Setting Up Project 360 Dashboard Portlets

Video demo: NetSuite Project 360 Dashboard

NetSuite Quality Management

Best for: Businesses needing to ensure product quality and compliance.

Key benefits:

  • Efficient quality control
  • Compliance with standards
  • Improved product quality

Overview: NetSuite Quality Management provides tools for managing and maintaining quality standards throughout the production process. It is ideal for businesses that prioritise quality control and compliance.

 

Learn more:

Datasheet: NetSuite Quality Management

NetSuite website: What is NetSuite Quality Management?

Video demo: NetSuite Quality Management Solution (QMS): Quality Engineer

NetSuite SmartCount

Best for: Businesses needing to streamline and automate inventory counts.

Key benefits:

  • Automated inventory counts
  • Reduced errors
  • Improved accuracy

Overview: NetSuite SmartCount automates the inventory counting process, reducing errors and improving accuracy. It is perfect for businesses looking to enhance their inventory management through automation.

 

Learn more:

Datasheet: NetSuite SmartCount

Press release: NetSuite Introduces Smart Count to Streamline Inventory Management

Video demo: NetSuite Smart Count

NetSuite SuiteAnalytics

Best for: Businesses needing advanced analytics and reporting capabilities.

Key benefits:

  • Comprehensive data analysis
  • Enhanced reporting capabilities
  • Improved decision-making

Overview: SuiteAnalytics offers comprehensive tools for data analysis and reporting, enabling businesses to gain insights from their data and make informed decisions.

 

Learn more:

Datasheet: NetSuite SuiteAnalytics

NetSuite website: What is NetSuite Analytics and Reporting?

Video demo: NetSuite SuiteAnalytics

Video demo: NetSuite SuiteSuccess for Financials First: SuiteAnalytics

Video demo: NetSuite SuiteAnalytics: Workbooks

Video demo: NetSuite SuiteAnalytics: Multi-join feature

Blog: Turn numbers into narratives with NetSuite’s financial reporting & analytics tools

NetSuite SuiteBilling

Best for: Businesses with complex billing and subscription needs.

Key benefits:

  • Automated billing processes
  • Accurate subscription management
  • Timely revenue recognition

Overview: SuiteBilling automates the billing process, including subscription billing, ensuring accurate and timely invoicing and revenue recognition.

 

Learn more:

Datasheet: NetSuite SuiteBilling

NetSuite website: What is NetSuite SuiteBilling?

Video demo: NetSuite SuiteBilling: Managing Subscription Billing

Video demo: NetSuite’s SuiteBilling for Software Companies

NetSuite SuiteCommerce

Best for: Businesses needing an integrated eCommerce solution.

Key benefits:

  • Integrated eCommerce platform
  • Unified web store management
  • Enhanced customer interactions

Overview: SuiteCommerce provides a unified eCommerce platform that integrates web stores, inventory, orders, and customer interactions with core financials. It is ideal for businesses looking to enhance their online presence and streamline operations.

 

Learn more:

Datasheet: NetSuite SuiteCommerce

NetSuite website: What is NetSuite SuiteCommerce?

Video overview: What is NetSuite SuiteCommerce?

Video overview: NetSuite SuiteSuccess: B2B SuiteCommerce

Video demo: NetSuite SuiteSuccess: B2C SuiteCommerce

Video demo: NetSuite SuiteCommerce MyAccount Overview

NetSuite SuiteCommerce Instore

Best for: Retail businesses needing to integrate online and in-store operations.

Key benefits:

  • Seamless online and in-store integration
  • Unified customer experience
  • Efficient store operations

Overview: SuiteCommerce InStore provides a seamless integration between online and physical store operations, ensuring a unified shopping experience for customers.

 

Learn more:

Datasheet: NetSuite SuiteCommerce Instore

NetSuite website: What is NetSuite SuiteCommerce InStore?

NetSuite SuiteCommerce MyAccount

Best for: Businesses needing to enhance customer self-service capabilities. Key benefits:

  • Enhanced customer self-service
  • Reduced support costs
  • Improved customer satisfaction

Overview: SuiteCommerce MyAccount provides customers with self-service access to their account information, including orders, payments, and support, improving customer satisfaction and reducing support costs.

 

Learn more:

Datasheet: NetSuite SuiteCommerce MyAccount

NetSuite website: What is NetSuite SuiteCommerce MyAccount?

Video demo: NetSuite SuiteCommerce MyAccount Overview

Video demo: NetSuite SuiteCommerce MyAccount: Merchants

Video demo: NetSuite SuiteCommerce MyAccount: Customers

NetSuite Warehouse Management System (WMS)

Best for: Businesses needing to optimise their warehouse operations.

Key benefits:

  • Optimised warehouse operations
  • Efficient inventory management
  • Streamlined order processing

Overview: NetSuite WMS provides tools for managing warehouse operations, including inventory management, order processing, and shipping. It helps businesses improve warehouse efficiency and accuracy.

 

Learn more:

Datasheet: NetSuite Warehouse Management System

NetSuite website: What is NetSuite Warehouse Management System?

Video demo: NetSuite WMS: Mobile Receipt & Putaway

Video demo: NetSuite WMS: Outbound Multi-Order Picking

NetSuite Workforce Management

Best for: Businesses needing to manage their workforce efficiently.

Key benefits:

  • Efficient employee scheduling
  • Accurate time tracking
  • Streamlined payroll management

Overview: SuitePeople Workforce Management provides tools for managing employee schedules, time tracking, and payroll, ensuring efficient workforce management.

 

Learn more:

Datasheet: NetSuite Workforce Management

NetSuite website: What is NetSuite SuitePeople Workforce Management?

Video demo: NetSuite SuitePeople Workforce Management

NetSuite Work in Progress (WIP) and Routings

Best for: Manufacturing businesses needing to manage production processes.

Key benefits:

  • Efficient production management
  • Detailed tracking of manufacturing processes
  • Improved production efficiency

Overview: This module provides tools for managing work in progress and routings, ensuring efficient production and tracking of manufacturing processes.

 

Learn more:

Datasheet: NetSuite Work in Progress (WIP) and Routings

Video demo: NetSuite Work in Process (WIP) and Routing

NetSuite Work Orders and Assemblies

Best for: Manufacturing businesses needing to manage work orders and assemblies.

Key benefits:

  • Efficient work order management
  • Streamlined assembly processes
  • Improved inventory control

Overview: This module helps businesses manage work orders and assemblies, ensuring efficient production and inventory management.

 

Learn more:

Datasheet: NetSuite Work Orders and Assemblies

NetSuite website: What is NetSuite Work Order Management?

Video demo: NetSuite Work Order Builds

Video demo: NetSuite Work Orders and Assemblies Module Overview

Additional NetSuite modules and Resources

In addition to the key modules detailed above, NetSuite offers a variety of other modules and resources tailored to specific business needs. This section provides links to comprehensive guides, pricing information, and FAQs to help businesses understand the full scope of NetSuite’s capabilities.

Please note that some modules – such as SuitePeople – are not available in the APAC or ANZ region. There are however a number of NetSuite SDN and SuiteApp related products available which may be more suitable, we’re happy guide you should you need help.

 

Learn more:

Complete list of modules from NetSuite: NetSuite Modules Guide: Key Modules, Pricing & FAQs

NetSuite training and support offering

NetSuite offers a range of training and support services, including the LCS Company Pass, which provides access to a wide array of learning resources and support options. These services ensure that businesses can maximise their investment in NetSuite.

 

Learn more:

NetSuite website: What is NetSuite Learning Cloud Support?

Datasheet: Company pass: NetSuite Learning Cloud Support

NetSuite website: NetSuite Learning Centre

Annexa support services: Annexa Assist

NetSuite Data Centre

NetSuite’s data centres provide robust, secure, and reliable hosting solutions for businesses. This ensures data integrity, security, and availability, supporting the critical operations of NetSuite users.

 

Learn more:

NetSuite resource: NetSuite data Centres

We can answer all your questions!

For help and guidance on any of the above modules and services, please reach out to the expert Annexa team, were always happy to help.

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