Netsuite ERP Modules | Top

NetSuite ERP Software Modules

Oracle NetSuite ERP Modules: Here you will get the complete list of Netsuite ERP
Modules, Advanced ERP modules, selection of the right ERP module for an organization.
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What is Netsuite?
Netsuite is a customer relationship management platform, an online software package or
service that helps handle all the business processes and business management activities in
a single system. An organization collaborates with multiple departments like payroll,
inventory, financial management, etc. Netsuite is the best platform that provides its extensive
support to business organizations by linking and associating all the different departments
together.
Netsuite's cloud-based business software solution helps in understanding and delivering the
growing business needs, leading to the organization's growth and development. The Netsuite
software does not require any hardware or large license fee, maintenance fee with no
complicated setups. Netsuite is a flexible platform that is applied on a large scale of business
applications these days.
Most organizations are looking for migrating their business processes into cloud-based
systems to ensure that the business is running using low operating costs. Netsuite delivers
its service, which is reliable, flexible, and easy to manage by the organization's different
departments. Netsuite is suitable to work with any type of business, small, medium, or large
businesses.
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Training
Implementation of Netsuite in the business organizations helps improve the efficiency of the
business processes and streamline them accordingly based on the business requirements
and deliverables. It helps reduce the cost and human errors, providing the reports, analytics,
and insights that would help enhance the business processes. It also allows adding new
functionalities like custom functionalities based on the business needs and enhancements.

ERP Modules
Enterprise resource planning is the primary focus area where every organization prepares a
plan and implements it within the business. There are several modules in enterprise resource
 Netsuite ERP Modules | Top
NetSuite ERP Software Modules

planning. All these modules entirely help in the enhancements and business improvements.
Let us have a quick review of the Enterprise resource planning modules.
Financial Management :
Financial Management is a module in resource planning that helps to automate the operations
related to finance. Financial Management module ensures a high level of flexibility and
transparency across the different departments, which will further help make the right
decisions. The NetSuite Financial management is flexible and compatible with other ERP
modules like order management, inventory management, e-commerce functions, etc.
Financial Planning :
Oracle Netsuite has come up with a module that delivers the financial planning solutions
required for the organizations. Financial Planning solutions are flexible to integrate with
Microsoft tools like word, excel, etc. The financial planning department ensures managing,
prioritizing, planning, and organizing the capital expenses and impacting the overall
expenses.
Demand Planning :
Netsuite helps in demand planning, allowing in estimating the demand for the products in the
near future. It helps in forecasting the demand for the products based on the previous
historical data available. This will provide an insight to the managers and the related teams
to plan and work for the purchases and meet the business needs as and when required.

Payroll Management :
Payroll management is an essential business function that has to work efficiently without any
errors. It has to be crystal clear and deliver the results most effectively. The NetSuite's payroll
management maintains accuracy by eliminating the paperwork, and all the calculations purely
run on the system. Hence, there is no need to create or prepare payroll tax forms.

Procurement Management :
The procurement management module in the Netsuite's enterprise resource planning would
be responsible for streamlining the procurement process, paving the way for an integrated
solution with some pre-approvals. Procurement management helps the organization in buying
the resources at the best cost on time.
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NetSuite ERP Software Modules

Incentive Compensation :
The incentive compensation module in Netsuite offers an opportunity to ensure an easy to
use process, allowing the business teams to track and compensate the sales team with
multiple commission plans. This module helps in gaining a better understanding of the
incentives aligned to the sales team. It gives a picture of how to achieve the business goals
based on the alignment of the incentives.
Advanced ERP Modules:
Netsuite advanced Software module is flexible and compatible to integrate with the NetSuite
Customer relationship management platform, which helps the different software and internet
companies to track the flaws and provide a resolution on a timely basis. This helps in
eliminating or reducing the downtime. Netsuite offers advanced ERP modules as well. Let us
have a quick review of the advanced ERP modules.
Advanced Financials
The advanced financials module in Netsuite helps in a broader financial picture of the
business. It does not allow you to miss out on any kind of opportunities that would help in
improvement with respect to the billing, fixed asset management, revenue management,
multi-book accounting, etc.
Advanced Analytics
The advanced analytics module in Netsuite would be involved in transitioning your business
intelligence to a different level with the SuiteAnalytics Connect. The SuiteAnalytics connect a
reporting module that plugs into the sophisticated data processing capabilities.
Advanced Planning
Most of the power of an organization would depend on the planning aspect. It purely involves
the ability to forecast and manage the business process accurately and strategically. Netsuite
empowers the specialist modules for demand planning, resource allocation, job costing and
project management, etc.

Advanced Manufacturing
Netsuite helps in matching the production to the inventory with the dedicated work orders and
helps in tracking the performance against volume and cost targets with the routings.
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NetSuite ERP Software Modules

Advanced Commerce
The advanced commerce NetSuite module will help build a professional eCommerce store
by using the SuiteCommerce site builder module. It helps in creating a single cloud
management platform for all the required sales operations with SalesCommerce Advanced.
For the business with high volumes and which involve B2C and B2B transactions, SiteCloud
Plus premium data center tiers will allow you to process as much as traffic when required.

How do you select the right ERP module for your

The next step would be identifying or determining the requirements to check if all the
requirements are met fully or if any additional modules are required. In some cases, additional
modules might be required by the business teams to ensure that every team performs the
operations well. You will need to look into the additional modules to find the missing
requirements and add them if needed.

Conclusion
As everything is running based on the technologies, there is a good chance that the business
organizations are achieving their goals by streaming the business processes using the
Netsuite platform.