NetSuite ERP System
NetSuite Enterprise Resource Planning (ERP) System
NetSuite Implementation
Join the more than 31,000 customers NetSuite helps to streamline business processes, gain visibility and free up the time and resources needed to adopt to change, drive innovation and remain competitive. NetSuite ERP system is an all-in-one cloud business management solution.
NetSuite offers benefits such as customizable dashboards, unified customer records, and real-time access, which in turn are used to help make timely business decisions.
NetSuite ERP system consists of a suite of applications that help companies run their business, understand the performance of their businesses and drive major efficiency gains and cost savings.
Financial Management
From bank reconciliation and assets management to receivables, payables, revenue management and more, NetSuite helps you automate complex financial processes.
Inventory Management
Real-time, company-wide inventory visibility — across warehouses, retail stores, pop-up shops, drop shippers, 3PLs or any other place where you manage or stock inventory — is key to enabling a buy anywhere, fulfill anywhere customer experience.
Order Management
Handles everything from order entry and to delivery dates, status tracking to credit limit checking. NetSuite ERP software for customer order management provides a better way to not only improve order fulfillment but also gives superior customer experience.
Learn How ERP Can Streamline Your Business
- Make Better Decisions
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- Run a Global Business With Ease
NetSuite ERP Modules
What Are NetSuite ERP System Modules?
Each ERP module is designed for specific business functions, providing the data and supporting the processes that will help those employees do their jobs.
Finance
The finance and accounting module is the most important ERP module because it allows businesses to understand their current financial state and future outlook. Key features of this module include tracking accounts payable (AP) and accounts receivable (AR) and managing the general ledger. It also creates and stores crucial financial documents like balance sheets, payment receipts and tax statements.
Procurement
The procurement module, also known as the purchasing module, helps an organization secure the materials or products it needs to manufacture and/or sell goods. Companies can keep a list of approved vendors in this module and tie those suppliers to certain items, helping with supplier relationship management. The module can automate requests for a quote, then track and analyze the quotes that come in.
Inventory Management
This module offers a complete picture of not only current but also incoming inventory, through an integration with the procurement tool. This piece of software helps businesses manage inventory costs, making sure they have sufficient stock without tying up too much cash in inventory. An inventory management application can weigh sales trends against available product to helps companies make informed decisions that boost margins and increase inventory turn (a measure of how often inventory is sold over a certain period). It can help prevent stockouts and delays, which enhances customer service.
Warehouse Management
This application can efficiently guide warehouse employees through all warehouse processes based on the layout of the facility, from putaway when shipments arrive to picking to packing and shipping. It can also help companies plan labor based on expected order volume. The warehouse management module can support different picking strategies like batch picking, wave picking and zone picking depending on which is most efficient for a given business, and some modules can show employees the most efficient pick path.
Customer Relationship Management (CRM)
The customer relationship management (CRM) module stores all customer and prospect information. That includes the company’s communication history with a person—the date and time of calls and emails, for example—and their purchase history. A CRM improves customer service because staffers can easily access all the information they need when working with a customer.
Workforce Management
A workforce management module is similar to a human resource management module but is designed for companies with more hourly than salaried employees. It can monitor workers’ attendance and hours and measure things like employee productivity and absenteeism.
eCommerce
This module allows companies to quickly launch a business-to-business (B2B) or business-to-consumer (B2C) eCommerce website. Leading commerce applications include user-friendly tools that allow employees to easily add new items, update product content (item descriptions, titles, specs, images, etc.) and change the look and feel of the website.
Order Management
An order management module tracks orders from receipt to delivery. This piece of the ERP feeds all orders to the warehouse, distribution center or retail store after customers place them and tracks their status as they’re prepared, fulfilled and shipped to the customer. The order management module prevents orders from being lost and boosts on-time delivery rates to keep customers happy and cut unnecessary expenses for expedited shipping.
Manufacturing
The manufacturing module helps manufacturers plan production and make sure they have everything they need for planned production runs, like raw materials and machinery capacity. During the manufacturing process, it can update the status of goods-in-progress and help companies track actual output against forecasted production. It also provides a real-time picture of the shop floor, capturing information on items in progress and finished goods. It can calculate the average time to produce an item and then compare supply with forecasted demand to plan adequate production.
Professional Services Automation (Service Resource Management)
Services-based businesses often use this module. The application tracks the status of projects, managing human and capital resources throughout, and allows managers to approve expenses and timesheets. It facilitates collaboration between teams by keeping all related documents in a shared place. Additionally, the PSA module can automatically prepare and send bills to clients based on rules around the billing cycle.
Human Resources Management
Encompasses all the features of a workforce management application and offers additional capabilities. HRM could be viewed as CRM for employees. This popular module has detailed records on all employees and stores documents like performance reviews, job descriptions and offer letters. It tracks not only hours worked but also paid time off (PTO)/sick days and benefits information.
Supply Chain Management
A supply chain management module tracks each step in the movement of supplies and goods throughout the supply chain, from sub-suppliers to suppliers to manufacturers to distributors to retailers or consumers. It can also manage any materials or products returned for refund or replacement.
Marketing Automation
A marketing module manages marketing campaigns across digital channels like email, web, social media and SMS. It can automate email sends based on campaign rules and has advanced customer segmentation features, so customers only receive relevant messages.
Frequently Asked Questions
NetSuite is a software company that has developed a cloud-based business management platform used by more than 31,000+ fast-growing organizations across the globe. The NetSuite platform consists of a suite of applications that help companies run their business, understand the performance of their businesses and drive major efficiency gains and cost savings.
NetSuite’s ERP system manages core functions, including finance and accounting, inventory, orders and procurement. Customers can add options including CRM for sales, service and marketing automation, human resources (HR) for personnel records, performance management and payroll, professional services automation (PSA) to plan and track projects and omnichannel commerce for both online and in-store sales. All of these modules share a common database. Thanks to that central data source, information from across the system updates in real time and is accessible to authorized users across business functions.
This gives leaders a real-time, 360° view of the business so they can see which processes or departments are exceling and which need a boost.
NetSuite Customer Relationship Management (CRM) delivers powerful customer experience capabilities all in a single cloud platform, including customer data sales force automation, marketing automation, order management, inventory, inventory levels, eCommerce, and customer service and support.
Make smarter decisions faster using the worlds most deployed cloud ERP solution. NetSuite ERP is an all-in-one cloud business management solution that helps organizations operate more effectively by automating core processes and providing real-time visibility into operational and financial performance.
Enterprise resource planning (ERP) solution is critical for any business, because it is the core of a business or organization. A fully integrated ERP system allows the seamless flow of information across different departments and functions. A ERP solution covers broad and deep end-to-end processes such as finance, human resources, warehousing, manufacturing, customer relationship, order management, marketing, sales, project management, and more. Key benefits include: cost savings, resource optimization, reducing manual and repetitive tasks, and minimizing human errors.
ERP software improves communication and collaboration as well because workers can check on the status of other departments to guide their own decisions. As a comprehensive source of data, an ERP system also provides a host of reports and analytics that can be difference-makers for the business.
What Is A NetSuite Partner?
NetSuite Solution Providers are business application experts who deliver complete NetSuite cloud computing solutions, from selling NetSuite licenses to implementation and support. Solution Providers have demonstrated accounting/ERP, CRM or eCommerce expertise delivered with proven methodologies that ensure your success. NetSuite’s Solution Providers share our vision of helping medium-size companies and enterprises run their businesses better.
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