NetSuite modules list, the must-have for your company

As an entrepreneur, you understand that efficiency and optimization are key to success. Outstanding companies leverage technology to streamline processes, improve decision-making, and gain greater visibility into their operations.

As one of the market's leaders, NetSuite offers a complete Enterprise Resource Planning (ERP) systems for tracking all business processes. But, how is it made up? We would like to invite you to read on to understand the NetSuite modules that benefit businesses like yours.

NetSuite: The All-in-One Business Management Solution

NetSuite is one of the most comprehensive enterprise resource planning (ERP) systems for tracking all business processes. Created in 1999, it was the first truly cloud-based ERP and has been part of Oracle's business solutions since 2016. Today, over 37,000 companies use it, making it one of the leaders in the Software as a Service (SaaS) market.

NetSuite is an integrated business software platform (ERP) that offers a wide range of modules to manage all business processes, from accounting to customer and supplier relationships. These modules are housed within specialized modules within the platform. This blog post will discuss the top 5.

5 Essential NetSuite Modules to Visualize Your Processes

1. Financials: The core of any ERP, it allows you to review day-to-day operations such as cash flow, bank reconciliations, accounting processes, accounts payable and receivable, financial risk optimization, and budgets. One of NetSuite's competitive advantages over its competitors is its ability to make concrete future forecasts thanks to new Artificial Intelligence integrated into the platform, which increases the accuracy of reports, among other functionalities.

2. Supply Chain: Efficient supply chain management is crucial for companies with a global reach. NetSuite SCM offers a comprehensive solution, providing visibility from manufacturing to final delivery. With detailed logging and mobile access capabilities, it ensures efficient operation. Additionally, its intelligent inventory integration enables timely purchasing, while its support for multiple languages and currencies makes it ideal for international operations, complying with international standards in over 150 countries and territories.

   
   

3. CRM (Customer Relationship Management): What would any company be without a constant relationship with its customers? Beyond simply meeting the requirement of having a customer relationship system, NetSuite focuses on helping you achieve the goal of delivering an exceptional experience while driving sales. Its data-centric approach eliminates the problems of poorly segmented sales activities, marketing campaigns, or lead generation, inefficient sales force commission management, or long ticket resolution times across multiple channels.

4. Business Intelligence (BI): A leading company anticipates its competitors and market trends. With the analytics and business intelligence modules, it is easy to obtain valuable information from your business through data analysis and generate customized reports that cover all areas of the company transversally or several positions at the same time, monitoring the fulfillment of the KPIs set.

5. Electronic Invoicing: Without invoices or payment orders, money could not enter a business's coffers, and without automated tax compliance, this process would be a titanic task. NetSuite covers more than 110 countries in terms of localization, either natively or with a solution designed by development groups and partners. This reaffirms the platform's global reach compared to its competitors in the mid-market sector.

   

Tekiio: your trusty partner to implement or optimize NetSuite in your company

By implementing the right NetSuite modules for your business, you can gain a competitive advantage, streamline operations, and make better decisions. Tekiio is a NetSuite partner with over 150 successful implementations in the United States, Latin America, and Spain. Our highly qualified experts can help you choose the right modules, implement NetSuite efficiently, and get the most out of its features.

Contact us today and see how can we help you to reach your business goals.