NetSuite Products: Product Overview, Categories, Usage, and Features

October 29, 2024
A group of professionals engages in a project discussion, highlighting collaboration and strategic planning.

NetSuite offers a comprehensive suite of products designed to support various business functions, enhancing efficiency and effectiveness. The platform provides solutions for financial management, customer relationship management (CRM), e-commerce, inventory control, and more, enabling organizations to operate cohesively.

With cloud-based capabilities, businesses can access real-time data, facilitating quicker responses to market changes. The software's integrated nature allows for improved collaboration across departments, ensuring that teams can work together effectively.

NetSuite's financial management tools help manage accounting processes, offering features such as automated reporting, budgeting, and compliance tracking. The CRM capabilities allow for improved customer engagement and sales tracking, making it easier to nurture leads and maintain relationships.

In e-commerce, NetSuite supports online sales channels, providing a unified platform to manage inventory and fulfill orders efficiently. This integration helps reduce errors and enhances the customer experience.

Overall, NetSuite's products are designed to help organizations achieve operational excellence, leveraging technology to improve business processes and outcomes. You can partner with us so you can explore and customize the NetSuite products that could benefit your business needs.

NetSuite Product Categories

NetSuite offers a variety of products designed to support businesses in various aspects of operations. 

NetSuite ERP 

This enterprise resource planning system integrates core business processes, including finance, inventory management, and order processing. It helps organizations improve operational efficiency and gain visibility across departments.

Some of its benefits are:

  • Cloud-Based: Being cloud-based allows for easy access from anywhere, reducing the need for extensive IT infrastructure.
  • Scalability: As businesses grow, NetSuite can scale with them, adapting to changing needs and complexities.
  • Integration: Offers seamless integration with other business applications, enhancing overall operational efficiency.

NetSuite CRM

The customer relationship management solution provides tools for managing customer interactions, sales tracking, and marketing campaigns. It enables teams to nurture leads and strengthen customer relationships.

Some of its benefits are:

  • Improved Customer Engagement: Centralizes customer information, allowing teams to deliver personalized experiences and respond quickly to inquiries.
  • Increased Sales Efficiency: Streamlines sales processes, enabling sales teams to close deals faster and manage their workloads effectively.
  • Enhanced Collaboration: Facilitates collaboration across departments, ensuring everyone has access to up-to-date customer information.

NetSuite eCommerce

This platform allows businesses to create and manage online stores, integrating sales channels with inventory and fulfillment processes. It enhances the shopping experience for customers while streamlining backend operations.

Some of its benefits are:

  • Operational Efficiency: Streamlines eCommerce operations by integrating with other business processes, reducing manual data entry and errors.
  • Scalability: Easily adapts to growing business needs, accommodating increased traffic and expanding product offerings.
  • Enhanced Customer Experience: Provides tools for personalized shopping experiences, improving customer satisfaction and loyalty.

NetSuite PSA

Professional services automation software helps manage projects, resources, and billing. It is designed for service-based businesses, enabling effective project management and improved profitability.

Some of its benefits are:

  • Improved Project Visibility: Enhances transparency into project status, helping teams stay aligned and clients informed.
  • Increased Efficiency: Automates routine processes, reducing administrative burden and allowing teams to focus on delivering quality services.
  • Enhanced Profitability: Provides tools to monitor project costs and revenues, helping organizations identify areas for improvement and optimize margins.

NetSuite SRP

SuiteSuccess for services includes industry-specific solutions that address the unique needs of service organizations. It combines project management, resource allocation, and financial planning.

Some of its benefits are:

  • Industry-Specific Solutions: Tailored specifically for service industries, helping organizations address their unique challenges and optimize workflows.
  • Improved Collaboration: Facilitates communication among team members, enhancing collaboration and efficiency throughout project lifecycles.
  • Scalability: Supports growing businesses by providing a scalable platform that can adapt to increasing project complexity and team size.

NetSuite SuiteAnalytics 

This tool provides advanced analytics and reporting capabilities, allowing businesses to analyze data and generate insights that support strategy and performance tracking.

Some benefits are:

  • Enhanced Decision-Making: By providing real-time insights, SuiteAnalytics enables organizations to make informed decisions that drive performance and growth.
  • Improved Operational Efficiency: The ability to analyze data quickly helps businesses identify inefficiencies and areas for improvement, streamlining operations.
  • Greater Transparency: Custom dashboards and reports foster transparency across the organization, allowing teams to monitor progress and share insights effectively.

Download the Salary Guide to compare average salaries of top NetSuite ERP professionals.

NetSuite SuiteCloud

A platform for developing custom applications and integrations, SuiteCloud enhances flexibility and scalability. It allows businesses to adapt the software to specific needs.

Some benefits are:

  • Customization: SuiteCloud allows businesses to tailor their NetSuite environment to meet specific operational requirements, ensuring the platform aligns closely with their processes.
  • Scalability: As organizations grow, SuiteCloud provides the tools necessary to adapt and expand NetSuite’s capabilities without significant disruption.
  • Integration: Facilitates seamless connections between NetSuite and other applications, enhancing data flow and operational efficiency across systems.

Each product is designed to work together, providing a cohesive experience that supports business growth and operational efficiency. By leveraging these tools, organizations can optimize processes and enhance their performance in a competitive environment.

Selecting a NetSuite Partner

Finding the right NetSuite partner is essential for maximizing the benefits of the software and ensuring a successful implementation. Here are some tips to consider when finding the right NetSuite partner to invest in:

Assess Your Needs

Start by evaluating your business requirements. Identify specific goals, challenges, and areas where you seek improvement. 

Research Partners

Look for NetSuite partners with a proven track record. Check their experience with companies in your industry and their history of successful implementations. If available, check for online reviews and also read up on case studies to help you decide if their services are a good fit for your business.

Evaluate Expertise

Consider the partner's expertise in various NetSuite products. Some partners may specialize in ERP, CRM, or eCommerce, while others may offer comprehensive solutions. Ensure they have certified professionals who are well-versed in the latest features and best practices.

Check Support and Training

A good partner will offer ongoing support and training for your team. Inquire about their support structure, response times, and resources available for users post-implementation.

Ask About Customization

Depending on your business needs, you may require specific customizations. Ensure the partner has experience in developing tailored solutions that integrate with your existing processes.

Consider Long-Term Relationship 

Think about the long-term potential of the partnership. A reliable partner can provide continuous support, updates, and strategic advice as your business evolves.

Request Proposals and Demos

After narrowing down your options, request proposals and demonstrations. This will give you a clearer picture of how each partner operates and how their solutions align with your needs.

By taking these steps, you can find a NetSuite partner that not only understands your business but also helps you leverage the platform effectively for growth and efficiency. Book a call with us and see how we can help you with your NetSuite needs. 

Aspect
Offshoring
Nearshoring
Outsourcing
Long-Term Costs
Cost-effective for skilled talent
Cost-effective but needs initial investment
High, offers control and flexibility
Investment
Moderate, reduces overhead
Initial training and technology
Highest initial and ongoing costs
Benefits
Access to nearby skilled talent
Large global talent pool
Maximum control over operations
Download the Salary Guide to compare average salaries of top NetSuite ERP professionals.
Key Differences
BPO
EOR
Not over PHP 250,000
Tax-exempt
Not over USD 434.49
Over PHP 250,000 but not over PHP 400,000
15% of the excess over PHP 250,000
Over USD 434.49 but not over USD 695.18
Over PHP 400,000 but not over PHP 800,000
PHP 22,500 + 20% of the excess over PHP 400,000
Over USD 695.18 but not over USD 1,390.36
Over PHP 800,000 but not over PHP 2,000,000
PHP 102,500 + 25% of the excess over PHP 800,000
Over USD 1,390.36 but not over USD 34,759.04

Frequently Asked Questions

SALARY GUIDE EBOOK

Compare NetSuite ERP talent salaries

Attracting top NetSuite talent with clear job descriptions is the first step. Understanding salaries is your next key move! Download this free salary guide to view talent costs, offshore hiring tips, and more

2024 Atticus Solutions. All Rights Reserved