NetSuite Guides

Enterprise Resource Planning (ERP)

NetSuite is engineered to scale with businesses as they grow and to streamline mission-critical processes. In turn, this allows them to continue focusing on what they do best and to react to new market opportunities swiftly and confidently. From advanced financials to supply chain management to billing and beyond, NetSuite ERP gives companies the tools they need to accelerate growth and drive innovation.

Financial Features

Combine robust financial management with built-in business intelligence to drive smarter, quicker decision-making.

Order Management

Accelerate the order-to-cash process by tying sales, finance and fulfillment to pricing, sales order management and returns management.

Production Management

Get your products to market quickly and efficiently by leveraging real-time visibility into production management processes.

Warehouse and Fulfillment

Manage end-to-end inventory and inbound/outbound logistics in real time while minimizing total cost of ownership.

Supply Chain Management

Define, execute and support supply chain/distribution management plans from a single, collaborative platform.

Human Capital Management

Maximize the value of human capital investments and minimize management costs with integrated HCM.

Benefits

A Broad range of robust ERP

Streamline business processes and free up the time and resources needed to accelerate growth, drive innovation and remain competitive.

Built-in business intelligence

Combine data with visual analytics to generate meaningful and actionable business insights.

Designed to support growth

Easily add and customize functionality as your company grows by leveraging a highly scalable business management system.

Financial management

Used by thousands or organizations worldwide, NetSuite's financial management solution expedites daily financial transactions, accelerates the financial close and ensures compliance. Our cloud-based single platform architecture ensures complete real-time visibility into the financial performance of the business from a consolidated level down to the individual transactions.

NetSuite financial management seamlessly integrates with all NetSuite order management, inventory, CRM and ecommerce functions to streamline critical business processes.

Financial Features

Financial
planning

Shorten cycle times, engage business users and enrich your planning process with an intuitive planning, budgeting and forecasting solution.

Revenue recognition

NetSuite’s revenue recognition management solution helps companies comply with accounting standards and report financial results in a timely manner.

Financial
reporting

From reporting and analytics, to insight and decision-making, gain a more complete picture of your business on-demand and in real-time.

Finance and
accounting

NetSuite’s cloud finance and accounting solutions seamlessly couple core accounting functionality with real-time financial visibility and business insights to drive financial excellence.

Global accounting and
consolidation

NetSuite provides unprecedented “close to disclose” capabilities that accelerate close time, maximize transparency and ensure compliance.

Billing

NetSuite’s billing management capabilities integrate your sales, finance and fulfillment teams—improving accuracy, eliminating billing errors, strengthening revenue recognition processes and driving fulfillment accuracy and efficiency.

Real-time information

Improve performance with real-time metrics and role-based dashboards.

GRC

NetSuite Governance, Risk and Compliance (GRC) solution addresses the issues of corporate governance, enterprise risk management, and effective corporate compliance with technology and processes.

Close with confidence

Accelerate the financial close and maintain compliance with accounting standards.

Report with accuracy

Drill down into underlying details and understand the impact to your business.

Order management

Automate your Order-to-Cash Processes

NetSuite’s order management capabilities help streamline your order processing by eliminating manual bottlenecks, preventing errors and establishing a smooth flow from sales quote to order fulfillment ensuring timely invoicing and payment. NetSuite’s order and billing management capabilities integrate your sales, finance and fulfillment teams—improving quote accuracy, eliminating billing errors, strengthening revenue recognition processes and driving fulfillment accuracy and efficiency.

Order Features

Pricing & promotions

Maximize profitability with centralized, multi-currency pricing management across all channels.

Sales order management

Expedite your order-to-cash process and focus on exceptions with rules-based automation.

Returns management

Delight your customers with awesome support and communication throughout the process.

Production management

Global Manufacturing Management in the Cloud

NetSuite’s production management capabilities enable organizations to run their manufacturing operations efficiently. From sales order to work order processing, routing and scheduling, order fulfillment and product costing, NetSuite’s manufacturing solution provides real-time visibility into every step of the production process to help you make better-informed decisions. Get your products to market quickly and cost-effectively anywhere in the world with an end-to-end manufacturing software solution designed to run your entire business.

Production Features

Product data management

Everything you need to define, manage and maintain your products throughout their lifecycle.

Work order management

Simple, effective and efficient production management for both discrete and batch-driven manufacturers.

Planning and scheduling

Easily coordinate the materials you need for production and schedule your operations to ensure on-time delivery.

Quality assurance

Make sure your product is produced and delivered the way you intended with automated quality control.

MES

Get real-time updates from production via barcode scanning and our interactive hmi / tablet device.

Benefits

MES

Get real-time updates from production via barcode scanning and our interactive hmi / tablet device.

Location irrelevance

Manufacture the same item in different ways at each location depending on capabilities.

Increase on-time delivery

Accurately cost, track and schedule production with our finite capacity real-time engine.

Reduce cost of quality

Reduce your cost of goods sold by optimizing cost of quality with embedded quality management.

Supply chain management

Manage and Optimize your Global Supply Chain

Virtually every company that manages a modern supply chain will be doing so across multiple continents and time zones, but how do you do that with a single application? NetSuite’s manufacturing, distribution and supply chain management capabilities are all built on the premise that the physical location that a product is made or stored in should be irrelevant to your decision-making process—it may add to your lead time, but we let you manage all with ease.

Supply Chain Features

Planning

Analyze demand, review sales forecasts, balance with current supply and create a plan.

Execution

Execute your plan with ease—create all your purchase, transfer and work orders simply and effectively.

Collaboration

Take advantage of our platform and standard communication and portal technologies for comprehensive collaboration.

Support

Automate your support functions with automated case management, issue tracking, warranty registration and repair.

Benefits

Gain real-time visibility

Always know your supply chain status with user definable alerts.

Increase service levels

Use order management rules to optimize delivery plans and reduce lead times

Reduce supply chain costs

Quickly Identify and act on cost variances as they occur.

Warehouse & fulfillment

Streamline your warehousing operations and deliver products on-time at optimal cost

Smart businesses understand that controlling inventory, fulfillment and shipping costs is essential for success. Companies are constantly striving to improve their warehouse operations by increasing agility, visibility and labor efficiency. This requires use of best practices combined with a sophisticated Warehouse Management System (WMS) that optimally manages all resources within the distribution operations while minimizing the total cost of operation or ownership (TCO). The NetSuite WMS solution enables organizations to optimally manage their distribution operations with RF device directed putaway and picking tasks driven by customized user defined strategies and advanced capabilities like wave management, cartonization, cycle count planning, real time inventory updates and integration with shipping systems.

Features

Inbound logistics

Manage all of your open purchase orders, transfer orders and inbound containers to meet expected receipt dates.

Outbound logistics

Manage your products from the end of production through fulfilment and on time delivery to optimize cash flow.

Inventory management

Take advantage of our many options when it comes to how you manage your inventory to makes sure you have the right materials in the right location.

WMS

Manage warehouses of all sizes and complexities with our advanced WMS and mobile solutions.

Benefits

Native, embedded solution options

We have the functionality for your business regardless of size and complexity.

Real-time updates

No syncing of information between systems, everything is updated in real-time.

Support for global business

NetSuite is operated globally by over 40,000 organizations

Procurement

Optimize your procurement process for cost certainty with workflow driven approval routings

Purchasing can be a time-consuming and inefficient ordeal, especially when requests for goods and services have to be processed manually using a combination of phone calls, emails, paper catalogs and faxes. NetSuite’s procurement solution helps companies buy goods and services at the best cost and in a timely manner by saving employees’ valuable time with easy-to-use capabilities, reducing costs by channeling purchases to approved suppliers and pre-negotiated contracts, and improving visibility by rendering real-time information into company spend and vendor performance. NetSuite also streamlines and improves the accuracy of the procure-to-pay process by automating and linking key procurement transactions and providing approval and matching workflows to support internal controls and compliance requirements. The NetSuite WMS solution enables organizations to optimally manage their distribution operations with RF device directed putaway and picking tasks driven by customized user defined strategies and advanced capabilities like wave management, cartonization, cycle count planning, real time inventory updates and integration with shipping systems.

Procurement Features

Source

Use NetSuite to manage your vendors, process RFQ’s, establish contracts and enforce

Purchase

Automate your requisitioning and purchasing processes from our user configurable Procurement dashboard.

Pay

Easily match purchase orders, item receipts and vendor bills with configurable workflows to optimize cash flow.

Benefits

Streamline procure to pay

Automate business processes to reduce your average procure to pay timeline and increase cash flow.

Achieve cost certainty

Use NetSuite’s many costing methods to improve your costing accuracy and stabilize gross profit.

Improve product quality

Use our native requisition and RFQ tools to manage vendor selection and improve product quality.

Capital management software (CM)

Optimize your procurement process for cost certainty with workflow driven approval An HR System That Puts People at the CenterThe SuitePeople experience ensures that your most valuable asset, your people, are effective, engaged and motivated.

NetSuite SuitePeople securely weaves people data throughout the Suite, giving businesses complete control over their Core HR processes. SuitePeople empowers Managers and HR professionals to streamline employee information, new hires, employee onboarding, payroll, promotions and compensation changes, all from a single Suite. While also enabling employees by providing them with the ability to request time-off, access employee directories and organization charts, monitor upcoming vacation schedules, monitor new hires, and publicly recognize peers for good work.NetSuite also streamlines and improves the accuracy of the procure-to-pay process by automating and linking key procurement transactions and providing approval and matching workflows to support internal controls and compliance requirements. The NetSuite WMS solution enables organizations to optimally manage their distribution operations with RF device directed putaway and picking tasks driven by customized user defined strategies and advanced capabilities like wave management, cartonization, cycle count planning, real time inventory updates and integration with shipping systems.

SuitePeople is built in Core NetSuite enabling:

  • SuiteCloud:Leveraging the SuiteCloud platform, so it can be customized and integrated into and always available, anywhere and always up to date on the latest release.

  • Role Based Security:Sophisticated role-based security allows executives, managers, supervisors and employees to support both themselves and their teams.

  • Universal Data:Like CRM and every other NetSuite module, SuitePeople ensures people information is available throughout the enterprise allowing companies to nurture, protect and develop their talent.

  • Global Reach:Built on the global platform, enhanced with HR localizations, ensuring companies can manage global workforces.

  • Unified Access:Part of the unified data model which allows people information to be seamlessly reported and analyzed from services, to the shop floor and the warehouse.

Features

Core HR capabilities

NetSuite SuitePeople Core HR Capabilities include native organization design, job and position management, workflows and compliance management, all powered by effective-dated employee master data, providing HR with the systems they need to run a best-in-class operation.

Payroll

With new features such as multi-jurisdiction taxes and benefit & deductions as rates coupled with an enhanced UI, NetSuite SuitePeople makes managing payroll easier than ever.

Key Capabilities

  • Global employee record and HR reporting

  • Purchase order and expense reporting self service

  • Company directory and organizational browsing

  • Time off management

  • Employee self service

  • Employee Center

  • Health and Safety

  • Job and Position management

  • Employee separation

  • Effective dating

  • Real-time dashboards with key business metrics

  • Compliance management and reporting

  • HR metrics/analytics, New HR Roles, Workflows for Terminations and Time-Off Approvals, and 50+ Out of the Box HR Reports

Key Capabilities

  • Fully integrated into NetSuite Core HR and Accounting modules

  • Pays all employer and employee payroll taxes (US only at launch)

  • Submits all required forms to tax authorities

  • Direct deposit included, with printed checks available

  • Supports all federal and state tax, including over 10,000 local jurisdictions

  • Monitors tax law changes and provides ongoing updates

  • Supports state tax reciprocity laws

  • Applies local tax sharing rules

  • Provides current and cumulative online pay statements for employees

  • Year-end W2 generation and ACA reporting

  • Only 3 across on the financial management, order management, etc Customer wants 3 across not 4 columns going down page

HR Analytics

HR Analytics provides organizations with an overview of their head count trends. Human Resources personnel can easily visualize the head count, growth and turnover trends of the organization, segmented by departments, locations, employee class and subsidiaries. HR can also apply filters to view specific groups of employees. HR often must compile and update headcount trend data by hand, to minimize preparation time Headcount Analysis automatically aggregates the information most relevant to headcount changes (hires, turnovers, trends). HR can now spend more time in understanding the headcount trends, and performing analysis by drilling down to specific employee segments.

Employee center

The Employee Center helps put your people first in your organization by providing an additional role tailored to your people which allows them to complete tasks that matter to them. It helps provide your people with clarity around usage and status of their benefits, visibility into the organization and where they and their peers live within their organizations hierarchy, and access to information that matters to them.

Key Capabilities

  • Display monthly headcount trends for current and last calendar years

  • Graphical presentation of headcount for intuitive understanding

  • Tabular presentation of headcount for easy copying and pasting into other analysis tools

  • Break-down headcount by employee department, location, subsidiary and class

  • Select subset of employees to analyze by applying filters for employee department, location, subsidiary and class

Key Capabilities

  • Access paystubs and view compensation data

  • Request time off for vacation, flex days, personal days, etc.

  • View current balances for vacation, flex days, sick days, etc.

  • Provide recognition and kudos to fellow employees

  • Access employee directories and organizational charts

NetSuite Manufacturing Execution NetSuite Product Data Management NetSuite Production Scheduling Product Data