NetSuite is a cloud-based business management software that offers a variety of industry-specific editions to meet the unique needs of different businesses. These industry-specific editions are designed to provide tailored solutions for businesses in specific sectors, such as wholesale distribution, manufacturing, and retail, software, professional services and more.
Key Benefits Of Choosing a NetSuite Industry-Specific Solution
One of the key benefits of NetSuite's industry-specific editions is that they are built on top of the core NetSuite platform, which means that they offer all of the features and functionality of the core platform while also adding in industry-specific functionality and features. This allows businesses to take advantage of the power and flexibility of NetSuite, while also getting the specific tools and features that they need to run their business more effectively.
What's the difference between NetSuite's Different Editions?
As an example, the NetSuite Manufacturing Edition is specifically designed for manufacturers and includes features such as inventory management, production scheduling, and quality control. The NetSuite Wholesale Distribution Edition includes inventory management, order management, and supply chain management features. The NetSuite Retail Edition includes features such as point-of-sale, customer relationship management, and e-commerce integration. Each edition of NetSuite has been bundled to include the most relevant modules and features of customers in that industry, meaning clients are able to access a configuration of NetSuite that includes everything they need, without having to subscribe to modules they may not get a lot of use out of.
|Module||Features||Included in WD Edition||Included in Manufacturing Edition||Included in Retail Edition|
|Financial Management||General Ledger, Accounts Payable, Accounts Receivable, Cash Management||✓||✓||✓|
|Order Management||Sales Order, Purchase Order, Order Processing, Invoicing||✓||✓||✓|
|Inventory Management||Inventory Tracking, Reorder Points, Inventory Control||✓||✓||✓|
|Supply Chain Management||Demand Planning, Supply Chain Control, Supplier Management||✓||✓|
|Warehouse Management||Receiving, Picking, Packing, Shipping, Bin Management||✓||✓|
|Manufacturing Management||Work Order Management, Bill of Materials, Production Scheduling||✓|
|Production Quality Management||Quality Control, Non-conformance Tracking, Inspection||✓|
|Customer Relationship Management||Customer Records, Sales Force Automation, Marketing Automation||✓||✓||✓|
|E-commerce Integration||Web Store, Shopping Cart, Online Payment Processing||✓|
|Point of Sale (POS)||Register Management, Customer-facing Display, Payment Processing||✓|
NetSuite ERP for Different Industries
NetSuite offers a range of Enterprise Resource Planning (ERP) software solutions tailored to the unique needs of various industries.
NetSuite for Professional Services
For professional services firms, NetSuite ERP provides comprehensive professional services automation features that help manage projects, resources, and expenses more efficiently. The platform also includes capabilities for resource management, project management, and expense reports.
NetSuite for Wholesale Distribution
For businesses in the wholesale distribution industry, NetSuite offers robust inventory management and warehouse management tools to optimise stock levels and ensure timely order fulfilment. Additionally, the platform includes features for demand-based replenishment and supply chain planning.
NetSuite for Manufacturing
Manufacturing companies can benefit from NetSuite's order management, cash management, revenue recognition, and performance metrics features. These tools help manufacturers streamline their operations, optimise financial performance, and drive growth.
NetSuite for Software Companies
Software companies can leverage NetSuite's powerful tools for recurring revenue management, consolidated reporting, and customer behaviour analysis to better understand their customers and make data-driven decisions.
Common Features Across Editions
All NetSuite Industry Editions share some core features that help businesses streamline their operations and improve efficiency. These include:
NetSuite's financial management tools, such as accounts receivable, accounts payable, and general ledger, help businesses stay on top of their financial performance.
NetSuite helps businesses improve customer satisfaction and enhance customer service by providing tools for managing and monitoring customer accounting.
Real-time dashboards and analytics:
NetSuite provides real-time dashboards and analytics to help businesses make informed decisions based on up-to-date data.
Benefits of Using Oracle NetSuite Industry Editions
Companies that choose Oracle NetSuite Industry Editions can expect a range of benefits, including:
Tailored solutions for specific industries: NetSuite Industry Editions are designed to address the unique needs and challenges of different industries, helping businesses optimise their processes and drive growth.
Streamlined business operations: NetSuite's comprehensive tools help businesses automate manual processes, increase efficiency, and reduce costs.
Enhanced sales performance: NetSuite's CRM features enable businesses to manage their sales team more effectively, improving customer relationships and driving revenue growth.
Improved financial performance: NetSuite's ERP system helps businesses gain better control over their financials, resulting in increased profitability and more accurate forecasting.
Are NetSuite Industry Editions Customisable?
Another key benefit of NetSuite's industry-specific editions is the ability to customise the software to meet the specific needs of a business. NetSuite offers a range of customisation options, including the ability to create custom fields, forms, and reports, as well as the ability to integrate with other systems and applications. This allows businesses to tailor the software to their specific business processes and workflow, ensuring that they are getting the most out of the software.
What are the Benefits of Working With a NetSuite Partner?
NetSuite partners offer a range of support options to help businesses get the most out of their investment into NetSuite's software. This includes access to a knowledgeable support team and a range of online resources and training materials. In addition, NetSuite partners, like PKF Digital offer a variety of implementation services to help businesses get up and running with their new software, including data migration, training, and ongoing support.
Overall, NetSuite's industry-specific editions offer a powerful and flexible solution for businesses in a range of different industries. By providing tailored features and functionality and the ability to customise the software to meet the specific needs of a business, NetSuite's industry-specific editions are a valuable tool for businesses looking to streamline their operations and improve efficiency. Working with a NetSuite partner can help businesses get the most out of their investment and ensure that they are making the right decisions when it comes to selecting and implementing their software.
About PKF Digital
PKF Digital is a leading Australian NetSuite Partner that provides a comprehensive range of professional Services, including NetSuite Implementation and NetSuite Support as well as business consulting and advisory. We offer our expert knowledge and hands-on experience when it comes to choosing, implementing and supporting your NetSuite account.
Our team of NetSuite development experts have also created a range of innovative SuiteApps to further enhance the functionality of NetSuite. These SuiteApps include Cash Flow Plus, Bank Feeds Plus, Billing Automation Plus, and Email Approval Plus. We’ve also created out-of-the-box NetSuite integrations from some of the world’s leading cloud applications including Airwallex, Xero and Google Workspace.
If you are interested in partnering with us, please reach out for an obligation free discussion about your requirements.