NetSuite's modules expand the functionality of the NetSuite ERP, across different areas such as AP, AR, CRM operations, payments and so on. This allows you to optionally choose only those NetSuite add-on modules that fit your business.
However, choosing the right NetSuite module can be difficult, especially since there are so many choices and variations. This is why we've gone through every single NetSuite module ever built, and then created this exhaustive guide.
Through ERP and API integration with add-on modules and third-party automation software, NetSuite users (that's you!) can make the NetSuite ERP system even more efficient, cost-effective, and functional through digital transformation that replaces manual processes.
What are NetSuite Modules?
NetSuite modules are internally developed software extensions licensed to its customers that augment the core enterprise resource planning function. Businesses optionally select and use modules to perform specific functional business processes through a unified NetSuite ERP system with a single database.
Selected NetSuite modules can help your team accomplish finance & accounting, inventory management, procurement, manufacturing, warehousing, customer relationship management (CRM), human resources, and other business-specific workflows.
Why Do Teams Enhance Their NetSuite ERP System with Modules and Add-Ons?
You can enhance their NetSuite ERP system with modules from NetSuite and integrate NetSuite add-ons from third-party software providers to achieve functionality that’s not included in the core ERP system.
The core NetSuite ERP has the following features:
- General Ledger
- Accounts Receivable and Payable (for invoices and vendor bills)
- Payment Methods – Credit Card, ACH and EFT
- Bank Reconciliation
- Bank Management
- Basic Project Management
- Item Management
- Basic Inventory Management
- Multi-currency & Multi-language
- Purchasing and Order Management (for purchase requisitions and purchase orders)
- Time & Expense Management
However, when you need to go outside these core features and need ERP capabilities to mirror their actual business structure, NetSuite optional modules come into play.
Business teams end up gaining cost-saving efficiencies, real-time visibility, and financial controls through the optional NetSuite modules and add-ons.
The Complete List of NetSuite Modules for 2024
Below is a list of the key NetSuite modules, including brief descriptions of each module. For reference, NetSuite also provides a comprehensive NetSuite modules list.
NetSuite Financial Modules
1. NetSuite Fixed Assets Management Module
The NetSuite module for Fixed Assets Management is used for property, plant & equipment accounting for asset management and financial reporting. This NetSuite fixed asset module automates depreciation and complex lease accounting with amortization, details purchased equipment in an up-to-date asset list, and tracks leased equipment agreements.
The NetSuite Revenue Management module is also referred to as NetSuite Revenue Recognition. NetSuite Revenue Management module helps your company implement GAAP and IFRS accounting standards to properly record revenue in the right accounting period. The Revenue Management Module is grouped under the NetSuite Financial Management product.
3. SuiteTax Module
The NetSuite SuiteTax module eliminates manual tax work using built-in tax logic to accurately calculate taxes across multiple tax jurisdictions.
4. NetSuite OneWorld Module
NetSuite OneWorld is a NetSuite Financial Management module for global business management and reporting for multinational companies with multi-subsidiary operations. NetSuite OneWorld can perform local currency accounting and provides global tax and regulatory features.
5. Planning and Budgeting Module
NetSuite Planning and Budgeting enables effective budgeting at both the department and company levels, offering advanced modeling features, revenue forecasting, financial statement trend analysis, approval workflows, and comprehensive reporting. This solution seamlessly syncs with your NetSuite ERP data and integrates with Microsoft Office, simplifying data sharing and manipulation.
6. AP Automation Module
This module takes the manual work out of your bill-to-pay process by doing data capture, and also automating payments and reconciliation.
7. Multi-Book Accounting Module
NetSuite Multi-book Accounting streamlines intercompany accounting and enables efficient reporting on consolidated financials by automatically recording transactions across multiple books simultaneously.
8. SuiteBilling Module
NetSuite SuiteBilling enhances invoice and billing management by supporting subscription, usage-based, and hybrid billing models, while ensuring precise revenue recognition and compliance with accounting standards.
NetSuite CRM Modules
1. CRM Module
The NetSuite module for Customer Relationship Management (CRM) handles sales force automation (SFA) and customer service. With NetSuite CRM, your business will manage contacts and sales and marketing processes for leads to current customers. The module handles quotes, commissions, sales forecasts, and partner relationships.
You can choose to integrate NetSuite with Salesforce instead or integrate lead prioritization software. NetSuite also offers a Marketing Automation module that works with the NetSuite ERP and its CRM module.
2. CPQ Module
NetSuite CPQ allows you to efficiently configure, price, and quote (CPQ) complex products with speed and precision. From approved orders, production BOMs and routing instructions can be generated effortlessly. The Guided Selling feature helps sales reps navigate extensive product catalogs quickly, guiding customers to the ideal product in less time.
3. Contract Renewals Module
This module automates the process of renewing and upgrading contracts.
NetSuite Inventory Management Modules
1. Advanced Inventory Management Module
NetSuite Advanced Inventory Management enhances your inventory control with advanced features like demand-based replenishment, multi-location fulfillment, and serialized inventory tracking.
2. Advanced Order Management Module
NetSuite Advanced Order Management streamlines order processing by automating order promising, allocation, orchestration, and fulfillment across multiple sales channels and inventory locations.
3. Smart Count Module
NetSuite Smart Count lets you perform inventory cycle counts one item at a time, without halting transactions across the entire location.
4. Grid Order Management Module
NetSuite Grid Order Management simplifies order entry and SKU management with multi-attribute capabilities.
Looking to scale up NetSuite with custom modules? Book a 30-min live demo to see how Nanonets can help you implement end-to-end NetSuite automation at half the cost.
NetSuite Supply Chain Management Modules
1. Procurement Module
NetSuite Procurement helps your purchasing team optimize requisitioning, purchasing, and vendor management, streamlining the entire procurement process.
2. WMS Module
NetSuite WMS (Warehouse Management System) enhances warehouse operations with features for receiving, picking, cycle counting, returns, and mobile warehouse management.
3. Ship Central Module
NetSuite Ship Central equips warehouse workers with mobile or kiosk-based packing and shipping tools for efficient operations.
4. Advanced Manufacturing Module
NetSuite Advanced Manufacturing connects production, financials, inventory, and orders in real time, helping to lower supply chain costs.
5. Demand Planning Module
NetSuite Demand Planning optimizes inventory by analyzing historical data and sales forecasts, providing automated purchasing recommendations that reduce manual effort and improve capacity planning.
6. Quality Management Module
NetSuite Quality Management ensures product quality by organizing testing, inspections, rework, and reporting.
7. Advanced Manufacturing Module
NetSuite Advanced Manufacturing connects production, financials, inventory, and orders in real time, helping to lower supply chain costs.
NetSuite Commerce Modules
1. SuiteCommerce Module
NetSuite SuiteCommerce delivers mobile-optimized B2C and B2B ecommerce websites that integrate seamlessly with NetSuite financials, inventory, CRM, and order management for a unified solution.
2. SuiteCommerce Advanced
SuiteCommerce Advanced offers developers and designers greater customization control while maintaining integration with other NetSuite modules.
3. SuiteCommerce MyAccount
SuiteCommerce MyAccount gives customers 24/7 self-service access to pay invoices, view balances, check order statuses, and file support cases online.
4. SuiteCommerce Instore
SuiteCommerce InStore provides a mobile POS system that gives sales associates access to inventory and customer data, improving customer service and driving sales.
NetSuite Project Management Modules
1. SuiteProjects Module
SuiteProjects provides essential project management tools, including project accounting, resource allocation, and time and expense tracking.
2. Project Management Module
NetSuite Project Management expands these capabilities with advanced project scheduling, resource management, and budgeting features, fully integrated with NetSuite accounting for invoicing and revenue management.
3. NetSuite OpenAir Module
OpenAir is a comprehensive PSA solution ideal for large professional services organizations managing complex projects.
NetSuite Human Resources Modules
1. Payroll Module
NetSuite Payroll simplifies payroll processing for employees and contractors, handling timesheets and deductions across multiple US states. For Canadian companies, certified payroll SuiteApps are available.
2. SuitePeople HR Module
SuitePeople HR is a centralized platform for managing employee data, linking HR processes with financials, workforce management, and budgeting.
3. SuitePeople Performance Management Module
SuitePeople Performance Management helps track employee goals and provides recognition tools to boost engagement.
How to Choose the Best NetSuite Modules for Your Business
Find the best NetSuite modules for your business needs in one of these places:
- The Products section of the NetSuite website
- A NetSuite sales team member or NetSuite solution provider partner (they will help you make module decisions as part of your software evaluation and provide a custom price quote)
- A 3rd party automation provider like Nanonets
How to Make The Most of Your NetSuite Modules
To optimize your NetSuite modules, budget $30,000 - $150,000+ for training, data migration, customization, and implementation help from a knowledgeable NetSuite consultant. With the NetSuite OneWorld module, consider third-party add-on AP automation software for your global, multi-entity, and multicurrency company.
Once your company is actively using NetSuite, consult the NetSuite User Guides and online Help resources.
How Much Do NetSuite Modules Typically Cost?
For the exact cost of a NetSuite ERP module at today’s price, get a custom quote from the NetSuite sales department. Typically, each NetSuite module costs $300 to $800 per month, in addition to the Base ERP package cost of $999 per month.
Packaging & Bundling Your NetSuite Modules
When your company selects software packages to bundle and integrate with its core NetSuite ERP software, first consider industry-specific bundled versions of NetSuite and any extra specific NetSuite modules that your company needs to achieve basic functional coverage of its business processes.
Any NetSuite-developed SuiteApps and NetSuite modules can be bundled into a SaaS software plan through the NetSuite sales team or a value-added reseller (VAR) in NetSuite’s consulting network partnership.
To get the best pricing, consider choosing a NetSuite SuiteSuccess edition for your industry and company size, which includes a bundle with the core NetSuite ERP, the CRM module, and a group of several standard NetSuite module list NetSuite packages that you’ll need in your type of business. NetSuite ERP offers small business ERP standard plans for up to 30 user licenses, and Premier plans for larger companies with more users.
How to Get Access To NetSuite Modules
If your company wants access to different NetSuite modules, you can license them individually or as a bundle. You can also license an Industry Suite, a group of modules tailored for a specific industry. These industry suites are made to fit the unique needs of companies in certain sectors.
Many companies choose industry suites because they are convenient and match the requirements of their industry well. Pricing for each suite or module depends on the edition and features. Except for OneWorld, you can add modules at any time during your NetSuite subscription (for OneWorld you will need to speak to your NetSuite rep when purchasing or renewing the software).
FAQs
What are Netsuite Add-Ons & Are They Different from Netsuite Modules?
NetSuite add-ons are cloud-based NetSuite-related software developed either by NetSuite or by third-party developers as add-on software for seamless NetSuite integrations. NetSuite add-ons are different from optional NetSuite functional modules provided to NetSuite users, although all types of added software are available for an extra monthly SaaS cost.
For example, Nanonets AP automation is a third-party add-on workflow automation software for digital invoice data extraction and invoice processing, as well as automated approvals.
Avalara is another popular NetSuite add-on, for tax management that gets embedded directly into NetSuite.
What are SuiteApps and How Are They Different From Netsuite Modules?
SuiteApps, developed on the NetSuite Cloud platform, are software applications from NetSuite or third-party software developer partners or built specifically for your company. SuiteApps expand the functionality of the core NetSuite system or customize it for an industry.
In contrast, NetSuite ERP modules are the 13 functional integrated units of NetSuite software built and sold exclusively by NetSuite or its NetSuite Solution Provider partners (functioning as a VAR). Each NetSuite module performs a set of specific business processes. Modules may be selected and optionally added to your core NetSuite ERP system to accomplish your business needs.
When Modules Alone Don’t Cut It: What are Third-Party NetSuite Integrations?
With NetSuite ERP modules added to your core NetSuite ERP software, you’ll only have the basics you need to cover the functional processes specific to your business. Additionally, your business needs NetSuite add ons from third-party software providers, also known as external NetSuite integrations.
These advanced third-party automation solutions will future-proof your finance function with AI and digitization. Your business will get more from its NetSuite ERP through significant efficiency and operational cost savings. You’ll typically also get advanced reporting capabilities and analytical insights through custom reports and dashboards not available on NetSuite.
Summary
NetSuite modules, provided by NetSuite for an additional cost in its SaaS pricing plan, include optional NetSuite ERP-related software packages and the integrated NetSuite CRM module to cover the basics for each functional business process your company needs.
NetSuite and its third-party partners offer SuiteApp NetSuite add on software that’s seamlessly integrated in a unified database system with the core NetSuite ERP and any selected modules its customers use. When selecting and evaluating a third-party add-on solution, learn more about Nanonets for NetSuite AP automation.
