NetSuite modules and add-on software program increase the performance of NetSuite ERP, permitting customers to optionally select solely these NetSuite add-on modules and add-ons that match their enterprise.
Though sorts of ERP techniques differ, NetSuite is primarily software program for a small enterprise or a mid-market firm that features accounting. Oracle NetSuite is a cloud-based ERP system licensed by its customers by a SaaS pricing mannequin that features the variety of customers and NetSuite modules chosen.
Via ERP integration with add-on modules and third-party automation software program, NetSuite customers could make the NetSuite ERP system much more environment friendly, cost-effective, and practical by digital transformation that replaces guide processes.
What are NetSuite Modules?
NetSuite modules are internally developed software program options licensed to its prospects that increase the core ERP. Companies optionally choose and use modules to carry out particular practical enterprise processes by a unified NetSuite ERP system with a single database.
Chosen NetSuite modules assist enterprise groups accomplish finance & accounting, stock administration, procurement, manufacturing, warehousing, buyer relationship administration (CRM), human assets, and different business-specific workflows.
Why Do Groups Improve Their NetSuite ERP System with Modules and Add-Ons?
Groups improve their NetSuite ERP system with modules from NetSuite and combine NetSuite add-ons from third-party software program suppliers to realize performance that’s not included within the core ERP system. Enterprise groups achieve cost-saving efficiencies, real-time visibility, and monetary controls by automation software program add-ons, integrating with NetSuite.
The Full Listing of NetSuite Modules for 2024
A key NetSuite modules checklist, together with temporary descriptions of every module, follows. NetSuite supplies a extra complete NetSuite modules checklist.
1. Mounted Belongings Administration Module
The NetSuite module for Mounted Belongings Administration is used for property, plant & tools accounting for asset administration and monetary reporting. This NetSuite fastened asset module automates depreciation and complicated lease accounting with amortization, particulars bought tools in an up-to-date asset checklist, and tracks leased tools agreements.
2. Income Administration Module
The NetSuite Income Administration module can be known as NetSuite Income Recognition. NetSuite Income Administration module helps your organization implement GAAP and IFRS accounting requirements to correctly file income in the appropriate accounting interval. The Income Administration Module is grouped underneath the NetSuite Monetary Administration product.
3. CRM Module
The NetSuite module for Buyer Relationship Administration (CRM) handles gross sales drive automation (SFA) and customer support. With NetSuite CRM, your small business will handle contacts and gross sales and advertising processes for results in present prospects. The module handles quotes, commissions, gross sales forecasts, and accomplice relationships.
You possibly can select to combine NetSuite with Salesforce as a substitute or combine lead prioritization software program. NetSuite additionally affords a Advertising Automation module that works with the NetSuite ERP and its CRM module.
4. Procurement Module
The NetSuite Procurement module contains Supply Administration for vendor choice and buy administration for accepted suppliers with prenegotiated contracts. It supplies visibility into vendor efficiency and firm spending.
5. NetSuite OneWorld Module
NetSuite OneWorld is a NetSuite Monetary Administration module for international enterprise administration and reporting for multinational firms with multi-subsidiary operations. NetSuite OneWorld can carry out native forex accounting and supplies international tax and regulatory options.
6. Stock Administration Module
NetSuite Stock Administration module helps your small business optimize stock ranges and supplies real-time visibility for all stock areas and gross sales channels. It contains multi-location order achievement.
What are Netsuite Add-Ons & Are They Completely different from Netsuite Modules?
NetSuite add-ons are cloud-based NetSuite-related software program developed both by NetSuite or by third-party builders as add-on software program for seamless NetSuite integrations. NetSuite add-ons are totally different from non-obligatory NetSuite practical modules offered to NetSuite customers, though all sorts of added software program can be found for an additional month-to-month SaaS price.
For instance, Nanonets Movement AP automation is third-party add-on workflow automation software program for digital bill knowledge extraction and bill processing, together with bill matching software program, automated approvals, and international funds.
What are SuiteApps and How Are They Completely different From Netsuite Modules?
SuiteApps, developed on the NetSuite Cloud platform, are software program functions from NetSuite or third-party software program developer companions or constructed particularly to your firm. SuiteApps increase the performance of the core NetSuite system or customise it for an {industry}.
In distinction, NetSuite ERP modules are the 13 practical built-in items of NetSuite software program constructed and bought solely by NetSuite or its NetSuite Answer Supplier companions (functioning as a VAR). Every NetSuite module performs a set of particular enterprise processes. Modules could also be chosen and optionally added to your core NetSuite ERP system to perform your small business wants.
When Modules Alone Don’t Minimize It: What are Netsuite Integrations?
With NetSuite ERP modules added to your core NetSuite ERP software program, you’ll solely have the fundamentals you could cowl the practical processes particular to your small business. Moreover, your small business wants NetSuite add ons from third-party software program suppliers, often known as exterior NetSuite integrations.
These superior third-party automation options will future-proof your finance operate with AI and digitization. Your online business will get extra from its NetSuite ERP by important effectivity and operational price financial savings.
The place to Discover the Greatest Netsuite Modules for Your Group
Discover the most effective NetSuite modules for your small business wants within the Merchandise part of the NetSuite web site. A NetSuite gross sales crew member or NetSuite resolution supplier accomplice will assist you to make module selections as a part of your software program analysis and supply a customized value quote.
The way to Make The Most of Your Netsuite Modules
To optimize your NetSuite modules, funds $30,000 – $150,000+ for coaching, knowledge migration, customization, and implementation assist from a educated NetSuite marketing consultant. With the NetSuite OneWorld module, contemplate third-party add-on AP automation software program to your international, multi-entity, and multicurrency firm.
As soon as your organization is actively utilizing NetSuite, seek the advice of the NetSuite Consumer Guides and on-line Assist assets.
How A lot Do Netsuite Modules Usually Value?
For the precise price of a NetSuite ERP module at at this time’s value, get a customized quote from the NetSuite gross sales division. Usually, every NetSuite module prices $300 to $800 per thirty days, along with the Base ERP bundle price of $999 per thirty days.
Packaging & Bundling Your Netsuite Modules
When your organization selects software program packages to bundle and combine with its core NetSuite ERP software program, first contemplate industry-specific bundled variations of NetSuite and any additional particular NetSuite modules that your organization wants to realize primary practical protection of its enterprise processes.
Any NetSuite-developed SuiteApps and NetSuite modules may be bundled right into a SaaS software program plan by the NetSuite gross sales crew or a value-added reseller (VAR) in NetSuite’s consulting community partnership.
To get the most effective pricing, contemplate selecting a NetSuite SuiteSuccess version to your {industry} and firm dimension, which features a bundle with the core NetSuite ERP, the CRM module, and a bunch of a number of customary NetSuite module checklist NetSuite packages that you just’ll want in your sort of enterprise. NetSuite ERP affords small enterprise ERP customary plans for as much as 30 person licenses, and Premier plans for bigger firms with extra customers.
Abstract
NetSuite modules, offered by NetSuite for a further price in its SaaS pricing plan, embody non-obligatory NetSuite ERP-related software program packages and the built-in NetSuite CRM module to cowl the fundamentals for every practical enterprise course of your organization wants.
NetSuite and its third-party companions provide SuiteApp NetSuite add on software program that’s seamlessly built-in in a unified database system with the core NetSuite ERP and any chosen modules its prospects use. When choosing and evaluating a third-party add-on resolution, be taught extra about Nanonets Movement for NetSuite AP automation.