The Complete Guide to NetSuite Modules & Add-Ons

NetSuite modules and add-on software expand the functionality of NetSuite ERP, allowing users to optionally choose only those NetSuite add-on modules and add-ons that fit their business.

Although types of ERP systems vary, NetSuite is primarily software for a small business or a mid-market company that includes accounting. Oracle NetSuite is a cloud-based ERP system licensed by its users through a SaaS pricing model that includes the number of users and NetSuite modules selected.

Through ERP and API integration with add-on modules and third-party automation software, NetSuite users 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 help business teams 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? 

Teams 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 users 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. 

2. Revenue Management Module

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.

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 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.

How to Find the Best NetSuite Modules for Your Organization - FAQs

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. 

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.