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Top 10 Frequently Netsuite Interview Questions
NetSuite is a cloud ERP business solution, encompassing Financials, CRM, eCommerce, inventory, and warehouse management. Through this flexible platform, you can work on a diverse range of business applications.
Real-time dashboards of NetSuite provide engaging graphical reports, forecasting insights, and more customizable functionalities. Learn about What is Netsuite
NetSuite is a relational database. Although built on Oracle's database, it has only been using the database for physical storage.
NetSuite ERP allows you to access data in real data from anywhere. It’s a full package solution known for its robust capabilities, business intelligence, scalability, and user-friendly interface.
NetSuite ERP software presents core financial and accounting functionality.
Cloud ERP modules include Financials and accounting, Customer relationship management (CRM), Human capital management (HCM), Inventory management, Supply chain management, Order management, Procurement, and Project management.
The following are the benefits of NetSuite:
NetSuite has extensive features aligned within the system. Here are some of the significant features of it for you:
CRM and ERP’s fundamental difference is that CRM deals with the customer data used by sales and customer requirements, while ERP primarily deals with financial data. Some ERP systems can include CRM components, but CRM systems cannot include ERP components.
The following table lists the key differences between CRM and ERP:
|Manages Sales processes (Customer Seld process)||Supply chain management|
|Order management||Services knowledge base|
|Marketing automation||Production management|
|Creates data reports||Reduces redundant tasks|
|Prioritizes leads||Accounting and financial applications|
ERP (Enterprise Resource Planning) software is made of tools that manage all the company information, impacting business decisions.
The best ERP examples are Oracle ERP Cloud, SAP S/4HANA, Oracle NetSuite ERP, Sage Intacct, PeopleSoft Financials, and more.
In NetSuite, a module is software that helps businesses with functions beyond their software offerings. It empowers your business to streamline operational efficiency and make the team more productive. Due to its capabilities, clients can easily automate and connect with different departments within one intuitive system.
The benefits of NetSuite modules are:
In NetSuite, a record is organized by record types. A record can be a customer, vendor, inventory item, lists, service resale item, etc. A record type categorizes the group of records together.
>> To create a custom record in NetSuite.
Navigate to Customization > Lists, Records, & Fields > Record Types
>> To create a new custom record.
Navigate to Customization > Lists, Records, & Fields > Record Types > New.
This will open a new Custom Record Type user interface that allows defining all of the settings related to your custom record, include record name, fields, access, subtabs, and other general preferences.
The following table compares how NetSuite is better than SAP:
|Cloud Capabilities||NetSuite designed exclusively as a cloud-based solution||While SAP can be accessed only via the user’s system.|
|Mobile-friendliness||You can check anything on NetSuite quickly.||SAP is fairly mobile-friendly but relies on its partners to provide mobile access and other web experiences.|
|System Updates||With NetSuite, the system upgrades automatically. NetSuite’s||SAP permits system updates to make changes to code, restricting the customer’s ability to upgrade and apply fixes.|
|Customization||In Netsuite, customizations can be done easily. Users can add user-defined fields and manipulate the database.||Compared to Netsuite, SAP restricts user’s ability to upgrade the system and apply bug fixes.|
|Analytics & Reporting||NetSuite’s “Suite Analytics” is much easier to use compared to SAP.||Advanced analytics of SAP requires a separate license, which increases the overall cost of the software.|
In accounting terminology, a lead is classified as an individual who is interested in the product or service that is been offered and they are in a state to take a decision to purchase the product or service.
Within Netsuite, the term “Lead” is considered as a standard object where several other informational fields are captured while taking up Lead information.
The lead generation process actually starts after the fact, i.e. when a product is completely developed or the service is readily available for the consumers. A lead generation process is nothing but a marketing strategy where the products or services are presented to the consumers to try them out and further promote them to sign up for the regular usage of the product or the services that the company is offering.
Most of the time lead generation process is taken up by the sales team of an organization. One has to make sure that they have sound knowledge about the product or the service where they are going to promote.
The lead conversion process in NetSuite can be executed in two different methods:
>> Within the system, for an opportunity, if we have keyed in the estimates, sales transactions then the lead is automatically converted as per the default statutes.
>> If you are explicitly using the lead conversion process then you can follow the below process:
1. Click on the convert button on the lead record
>> The above process is commonly used in sales organizations and business to consumer businesses
The procure to pay process in Netsuite is as follows:
|Related Article: NetSuite Sandbox|
The process flow for Lead to cash is as follows:
The purchase order cycle in Netsuite is as follows:
Suitescript is nothing but a Java-based API that enables the developers an enhanced ability to use an extended version of Netsuite.
The following is the process where you can run a script in Netsuite and it is fairly very simple and easy. The steps are:
As per the naming convention itself, it says that the script will be executed as per the scheduling. Most of the time these scripts are executed on-demand and in real-time. A scheduled script is vital for batch processing of the records
The client scripts are executed at the client level.
These scripts are attached and executed to run on a single individual form.
Further, their management of scripts is applicable for the entire record.
Netsuite runs on the Oracle platform.
|Checkout NetSuite Tutorial to know more|
Yes, NetSuite software offers role-based views for the dashboard when they are logged into the system.
Netsuite is offering a lot of products, they are:
Within the nonintegrated shipping feature within Netsuite, the user can do the following functionalities:
|Learn about ERP Tools|
The governor limit that is allowed for Restless is 5,000
The maximum governor limit that is allocated is “Scheduled Script”.
The governor limit for schedule script is > 10,000.
Using this command you will be able to overcome governance issues in case of long-running processes or scheduled jobs on a larger set of data
A client script can be deployed in one of the possible ways,
The following are the Suitescript API which has maximum governor limits:
The event types that are in a client script are as follows:
The event types in a user event script are as follows:
When the user is actually using event type argument as xedit then it means that the user is trying to execute the content within Inline edit or it is going to be a mass update.
If the user is actually using event type argument as edit then it means that the user has completed editing the field in all other contexts. So basically it is not an inline edit
To be honest there is no limit to the number of user events scripts that can be executed on a single record type.
We can have 10 user events before loading, 10 user events before submitting, and 15 user events after submitting on a single customer record. Usually, it is not advisable to assign so many user events to a single record. As this could negatively affect the single record. Also, the execution of this record will be poor.
As per the example, if we had 10 user events that are assigned to the record before loading then the time taken for the single record to load will also be increased thus giving out performance issues.
By doing this, a negative experience would be generated for the user and the system won’t be performance-friendly.
A workflow action script will allow the user to create custom actions that are later on defined for a record in the form of a workflow.
A mass update script generally allows the user to perform custom mass updates programmatically and the update fields are not generally available for general mass updates. We can use action scripts to run complex calculations.
With the help of the Suite, the user will be able to create dynamic web content.
It can be used to implement customized front-end and backends.
With the help of their APIs, we can also build Netsuite-looking pages.
User event script is nothing but a trigger where the users are working with the records and the data changes automatically in Netsuite as on when they start creating, opening, updating, or saving records.
With the help of user event scripts, one can implement workflows and associations between Netsuite entry forms.
A client script is nothing but a script that is executed on the client side.
The client script can be attached and can be executed on individual forms.
These scripts can be deployed globally and they are executed on transaction record types.
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A portlet script is nothing but a script that is used to create customized dashboard portlets. To explain in detail, let’s take an example:
One can use Suitescript to create a portlet where the messages can be populated on the fly within the company systems.
Ravindra Savaram is a Content Lead at Mindmajix.com. His passion lies in writing articles on the most popular IT platforms including Machine learning, DevOps, Data Science, Artificial Intelligence, RPA, Deep Learning, and so on. You can stay up to date on all these technologies by following him on LinkedIn and Twitter.