NetSuite Features Spotlight

Explore NetSuite's powerful tools and dig deeper into the features that matter most to you.

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Big Features. Bigger Benefits.

Features

NetSuite offers a comprehensive set of enterprise-level features and functionality for business of all sizes.

Overall, NetSuite's software features provide considerable benefits for businesses looking to streamline their operations and improve their bottom line.

Benefits

Some of the key benefits of using NetSuite include: real-time visibility into business data and performance, streamlined financial management and reporting, enhanced customer relationship management (CRM), and improved supply chain and inventory management.

Check Out NetSuite's Top Features

NetSuite Advanced Revenue Management

NetSuite provides a suite of revenue management features that helps businesses to streamline their revenue recognition process.

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Features

Revenue Recognition
Revenue Policy Automation
Automate Planning
Automate Unbilled Revenue Recording
Multi-Currency Transactions
Manage Balance Sheet Accounts
View Financials in Real-Time
Flexible Forecasting
Multiple Performance Obligations
Complex Allocations Management
Dynamic Standalone Selling Price
Powerful Allocation Calculator
Revenue Recognition Across Industries
Revenue Recognition Over Time
Support Percentage-of-Completion
Support Event Driven Revenue Plans
Revenue Recognition Complying with Multiple Accounting Standards
Book-specific Standalone Selling Prices, Revenue Rules, Plans and Arrangements
Book-specific Foreign Currency Management
Book-specific Financial Reporting

Benefits

Eliminate hours spent managing and recording revenue, and reduce the time it take to close deals
Stay in compliance with industry-standard financial guidelines, even as they change over time
Works perfectly with Multi-Book Accounting to help you account for a single transaction under multiple standards
Analyze the revenue impacts of past sales and forecast expected revenue with detailed look into sales documents

NetSuite SuiteCommerce

NetSuite's SuiteCommerce is a cloud-based ecommerce platform that enables businesses to sell across multiple channels, including online, in-store, and mobile.

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Features

Give Customers Real-Time Insight Into Their Account
Pay invoices
Create support cases
Interact with customer service
View omni-channel purchase history with one click
View entire order history
View Everything Purchased in Once Place
Order status
Promotions applied
Payment method
Tracking details
Return requests on products after fulfillment
Secure Payment & Customer Service
Simple But Powerful Ecommerce Websites

Benefits

Quickly build and access reports and dashboards to get accurate visibility into your sales
Deliver a B2C experience to your B2B customers
Quickly go to market with your website and build on it with marketplace extensions

NetSuite Fixed Assets Management

NetSuite's Fixed Assets Management feature is designed to help businesses keep track of their fixed assets, including equipment, vehicles, and real estate.

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Features

Create, manage, track and report on any asset type
Control all asset-related transactions to company assets
Easily track depreciating or non-depreciating company assets
Quickly create assets based on unlimited asset types, and report on them
Create assets with the correct quantity and values
Maintain all relevant asset details for assets
Use automated defaults for asset creation, depreciation, and eventual retirement
Move assets between locations
Increase or decrease asset values
Account asset’s expenses for repairs
Built-in support for all standard depreciation methods
Create custom depreciation methods.
Use “chain” depreciation methods to support comprehensive asset valuations
Apply multiple depreciations per asset for reporting depreciations
Computes monthly and daily depreciation
Standardize lease accounting processes
Ensure compliance with ASC 842, IFRS 16 and GASB 87 standards.
Import existing amortization schedules or create custom schedules
Automatically post journal entries
Automate the creation of assets from purchase orders
Post depreciation and asset retirements directly to NetSuite accounts
Run preconfigured reports for all your fixed and leased assets
Report across fixed and leased assets, valuation, present value, expense, and depreciation
Automatically create reports for leased payments
Divide up fixed and leased assets across locations, subsidiaries, and more

Benefits

Manage the complete asset lifecycle
Seamlessly integrate with accounting module
Maintain accurate records for compliance and reporting
Eliminate manual work and redundant spreadsheets
Track company-owned and leased assets
Support for all standard and custom depreciation methods
Ensure compliance with lease accounting standards and regulations
Automatically post asset transactions directly to NetSuite accounts
Accurately report valuation, depreciation, expense and amortization
Manage asset data and lease agreements department and other segments

NetSuite WIP and Routings

NetSuite WIP and Routings is a powerful production planning tool that helps manufacturers optimize their operations and improve their bottom line.

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Features

Assembly Item
Track inventory levels for both finished goods and components
Create assemblies of finished goods from components in a single operation
Manufacturing Cost Templates
Easily determine your company's total manufacturing costs
Track and manage change orders
Work Center Management
Production Routing
Represent every step that a product goes through
Calculate expected set up and run times and needed cost template
Facilitates the realtime scheduling process
Work Order
Create a schedule and communicate to production what needs to be made
Sell a configurable product where there are features and options
Automatically calculate Actual Production Dates
Work Order Traveler/Dispatch List
Communicate the production plan
Communicate how much time each operation took
Communicate the amounts of raw material actually consumed
Provide a detailed list of materials that are required for a work order
Inventory Commitment
Work Order Management
Add Work Order statuses
Mass update screens
Use the workflow engine for a more automated process

Benefits

Streamline your manufacturing process and improve your bottom line
Review and analyze production plans based on actual production times
Get a complete picture of the process costs
Speed up production and reduce the risk of errors

SuitePeople Payroll

Easily process payroll with NetSuite and view real-time reporting that ties to financials in NetSuite.

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Features

Intelligent batch processing recommends pay frequency, pay period, check date, and period ending date without manual intervention.
Batch calculates employees’ gross earnings, contributions, deductions, and taxes while maintaining flexibility to manage unique payment. circumstances.
Review significant pay variances and make edits without having to run a new batch.
Review net pay variances from the home dashboard KPI to identify payments that deserve further scrutiny.
Preview by employee for visibility into net pay, their expenses, and taxes.
Generate paychecks using NetSuite Payroll and review reports that offer payroll managers yet another opportunity to validate for accuracy.
View direct impact to financials once a payroll batch is processed.
Keep payroll staff aware of payouts and liabilities through transparency into financial transactions.