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 varieties of ERP methods 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 way of a SaaS pricing mannequin that features the variety of customers and NetSuite modules chosen.
By means of 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 useful by way of 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 useful enterprise processes by way of 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 sources, 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 way of automation software program add-ons, integrating with NetSuite.
The Full Record of NetSuite Modules for 2024
A key NetSuite modules listing, together with transient descriptions of every module, follows. NetSuite offers a extra complete NetSuite modules listing.
1. Fastened Property Administration Module
The NetSuite module for Fastened Property Administration is used for property, plant & tools accounting for asset administration and monetary reporting. This NetSuite mounted asset module automates depreciation and complicated lease accounting with amortization, particulars bought tools in an up-to-date asset listing, 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 document income in the precise 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 enterprise will handle contacts and gross sales and advertising and marketing 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 presents a Advertising and marketing 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 accredited suppliers with prenegotiated contracts. It offers 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 offers international tax and regulatory options.
6. Stock Administration Module
NetSuite Stock Administration module helps your enterprise optimize stock ranges and offers 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-compulsory NetSuite useful modules supplied to NetSuite customers, though all varieties of added software program can be found for an additional month-to-month SaaS value.
For instance, Nanonets Stream AP automation is third-party add-on workflow automation software program for digital bill information 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 purposes from NetSuite or third-party software program developer companions or constructed particularly in 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 useful built-in items of NetSuite software program constructed and bought solely by NetSuite or its NetSuite Resolution 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 enterprise wants.
When Modules Alone Don’t Reduce It: What are Netsuite Integrations?
With NetSuite ERP modules added to your core NetSuite ERP software program, you’ll solely have the fundamentals it is advisable cowl the useful processes particular to your enterprise. Moreover, your enterprise 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 way of vital effectivity and operational value financial savings.
The place to Discover the Greatest Netsuite Modules for Your Group
Discover the perfect NetSuite modules for your enterprise wants within the Merchandise part of the NetSuite web site. A NetSuite gross sales crew member or NetSuite resolution supplier accomplice will show you how to make module choices as a part of your software program analysis and supply a customized worth quote.
Find out how to Make The Most of Your Netsuite Modules
To optimize your NetSuite modules, price range $30,000 – $150,000+ for coaching, information migration, customization, and implementation assist from a educated NetSuite guide. With the NetSuite OneWorld module, think about third-party add-on AP automation software program in your international, multi-entity, and multicurrency firm.
As soon as your organization is actively utilizing NetSuite, seek the advice of the NetSuite Person Guides and on-line Assist sources.
How A lot Do Netsuite Modules Sometimes Price?
For the precise value of a NetSuite ERP module at in the present day’s worth, get a customized quote from the NetSuite gross sales division. Sometimes, every NetSuite module prices $300 to $800 per thirty days, along with the Base ERP package deal value 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 think about industry-specific bundled variations of NetSuite and any additional particular NetSuite modules that your organization wants to realize primary useful protection of its enterprise processes.
Any NetSuite-developed SuiteApps and NetSuite modules could be bundled right into a SaaS software program plan by way of the NetSuite gross sales crew or a value-added reseller (VAR) in NetSuite’s consulting community partnership.
To get the perfect pricing, think about selecting a NetSuite SuiteSuccess version in your {industry} and firm measurement, which features a bundle with the core NetSuite ERP, the CRM module, and a gaggle of a number of commonplace NetSuite module listing NetSuite packages that you simply’ll want in your kind of enterprise. NetSuite ERP presents small enterprise ERP commonplace plans for as much as 30 person licenses, and Premier plans for bigger firms with extra customers.
Abstract
NetSuite modules, supplied by NetSuite for an extra value in its SaaS pricing plan, embody non-compulsory NetSuite ERP-related software program packages and the built-in NetSuite CRM module to cowl the fundamentals for every useful 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, study extra about Nanonets Stream for NetSuite AP automation.