NetSuite Modules Explained

For many CFOs, COOs and CEOs, moving to an ERP like NetSuite is a pivotal step in transforming how your business operates. But NetSuite isn’t a single application — it’s a suite of tightly integrated modules, each built to solve a specific challenge in finance, operations, supply chain, HR, and beyond.

This guide explains the core NetSuite modules most relevant to companies seeking better financial reporting and operational control. If you're reading this as part of a broader ERP strategy, we recommend starting with our NetSuite Overview Guide to understand the platform's end-to-end capabilities.

Financial Management Modules

Designed to bring clarity and control to your financial operations, NetSuite’s finance modules provide robust reporting, real-time consolidation and global compliance features.

• Advanced Financials – Adds budgeting, expense allocation, amortisation and statistical accounts to core finance.
• SuiteBilling – Manages complex billing models including subscriptions and usage-based pricing, ensuring compliance with revenue recognition standards.
• Revenue Management – Automates forecasting, allocation, recognition and auditing to meet accounting standards.
• Planning & Budgeting – Enables collaborative planning, forecasting and budget creation across departments.
• Multi-Book Accounting – Supports parallel accounting books for compliance across multiple jurisdictions.
• OneWorld – For multinationals, this module enables global consolidation, local compliance and currency management.
• Dunning Letters – Automates AR collections with reminder letters before payments are overdue.
• Fixed Assets Management – Tracks and depreciates owned and leased assets.
• Electronic Bank Payments – Securely automates EFT payments and collections.

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Customer Relationship Management (CRM)

NetSuite’s CRM capabilities align marketing, sales, and service teams while automating manual tasks.

• CRM – A unified view of every customer, including marketing, sales, service and ecommerce history.
• Contract Renewals – Automates renewal processes to reduce churn.
• Incentive Compensation – Manages complex sales commission structures.
• CPQ (Configure Price Quote) – Enables fast, accurate quoting for complex product and service configurations.

Inventory & Order Management

Efficient inventory and fulfilment workflows are critical to margin and cashflow. These modules help optimise both.

• Advanced Inventory – Adds demand planning, bin management, serial tracking and multi-location control.
• Advanced Order Management – Automates fulfilment orchestration and allocation.
• Grid Order Management – Streamlines high-volume, multi-variant product ordering.

Commerce Modules

NetSuite Commerce integrates your online storefront with the ERP backend to give a real-time view of customers, orders and inventory.

• SuiteCommerce – B2B and B2C ecommerce platform integrated with NetSuite core.
• SuiteCommerce Advanced – Developer-level access to customise the front and back end.
• SuiteCommerce InStore – POS and customer insights for retail sales teams.
• SuiteCommerce MyAccount – Self-service portal for B2B customers.
• NetSuite Connector – Connects third-party ecommerce platforms and logistics providers.

Human Resources (HR)

SuitePeople brings employee data, payroll, performance and reporting into one system.

• Payroll – Supports wage payments, tax compliance and contractor management.
• SuitePeople HR – Centralises employee records and HR analytics.
• Performance Management – Goal-setting, employee recognition and performance tracking.

Professional Services Automation (PSA)

For service-based organisations, PSA tools help manage resources, costs and revenue across complex projects.

• SuiteProjects – Job costing, time tracking, project billing and scheduling.
• Project Management – Gantt-style scheduling, resource allocation and profitability tracking.
• OpenAir – Advanced PSA platform for larger project-driven businesses.

Supply Chain Management

NetSuite’s supply chain modules improve demand planning, vendor coordination and manufacturing visibility.

• Procurement – Automates purchasing, standardises vendor selection and controls costs.
• Warehouse Management (WMS) – Real-time visibility and control over warehouse operations.
• Demand Planning – Forecasts demand based on history and business rules.
• Quality Management – Tracks test plans, inspections and compliance.
• WIP & Routings – Maps out production workflows, time, and cost tracking.
• Work Orders & Assemblies – Organises product builds and tracks component use.
• Advanced Manufacturing – Unifies planning, shop floor control and production reporting.

Summary: How to Choose the Right Modules

Selecting NetSuite modules is about aligning ERP capability with your business priorities. If your top goals are better financial visibility and tighter operational control, start with:

• Financial Management modules (for reporting, compliance, forecasting)
• CRM and PSA modules (for services firms)
• Supply Chain and Inventory modules (for product-based businesses)

From there, you can scale up as needed.

🔁 Back to the NetSuite Overview Guide

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