Solutions for Critical Business Issues – ERP Modules

Over the past several decades Enterprise resource planning (ERP) systems have become an important tool for businesses.  The reason for the increased use of ERPs by businesses is due to the automation an ERP provides by bringing together critical business processes. It also serves as a shared database for all financial and operational information from across the company. With the use of modules, the ERP pulls together the data from various departments – sales, accounting, manufacturing, and human resources, for example –helping the departments perform their individual functions.

An ERP provides employees with access to the information needed to answer important questions about their department’s current performance and future planning, as well as target areas for improvement. This single source of information minimizes data accuracy and consistency issues and ensures everyone is looking at the same numbers, no matter what their role.  It also drives better decision-making that leads to more efficient processes and cost savings. Additionally, an ERP can automate many tasks, reducing errors and freeing up employees to focus on more strategic work.

Common ERP modules support back and front-office functions like finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management (CRM) procurement, and workforce management. Additional modules also include solutions for professional services automation (service resource management), human resources management, e-commerce, and marketing automation.

NetSuite Modules

NetSuite ERP software includes core financial and accounting functionality, along with a variety of other capabilities designed to automate key business processes, such as inventory management, order management, project management, supply chain management (SCM), materials requirements planning (MRP), procurement and more.

NetSuite modules provide added features to the NetSuite ERP platform, allowing businesses to easily tailor the solution to meet their unique needs. As a unified suite of applications, new features are seamlessly added and build on existing capabilities. NetSuite is designed to easily add functionality as your business needs evolve.

NetSuite modules fall into 9 categories:

• Financial Management
• Customer Relationship Management (CRM)
• Business Intelligence
• Inventory and Order Management
• Commence
• Human Resources
• Field Service
• Professional Services Automation
• Supply Chain

Check out this video on the benefits of NetSuite Modules 

Choosing the Right NetSuite Modules

Challenges around financial management and accounting, including general ledger, AP, AR, and cash management will drive organizations to adopt NetSuite. These foundational financial capabilities are part of the suite; no additional modules are required.

Some businesses need to go beyond financial management and accounting solutions but also need some added capabilities to address a few unique industry requirements.  As listed above, NetSuite offers a host of modules that provide solutions for business issues and modules intended to meet the unique needs of a specific vertical market.  All modules are optional and can be added as the business need arises.

The best way to ensure that you add the right capabilities to your NetSuite solution is to discuss your challenges with a NetSuite partner like Zastro. We will work with you to understand your business needs and pain points and help you create a solution that’s a perfect fit for your business.

Contact us to explore NetSuite and what modules are right for your growing business!