The 2019.2 NetSuite Release is right around the corner!

NetSuite is rolling out their second release for the year

It comes with new powerful features, enhancements, and functionality. Amongst the release is new financial capabilities, improved analytics and a huge amount of industry specific features!

As your NetSuite partners, we have gone ahead and put together a comprehensive list of highlights to prepare you for the release.

Critical Features

SuiteAnalytics Workbooks

Gain deeper business insights and access actionable and targeted data by using the new user SuiteAnalytics interface. Access the workbooks from anywhere within the Cloud Platform and leverage data to understand business opportunities and potential risks.

Mobile Enhancements 

iPhone users can now capture time and expenses offline! Once they are connected, the app will sync the information that has been captured. Simplified navigation and improvements to the dashboard will assist users in utilizing the application.

Global Financials 

In 2019.2, further improvements have been made to accommodate the diverse and global customer base of NetSuite.

  • Improved Multi-Subsidiary Management and Accounting
  • Streamlined bank reconciliation via improvements to the data import functionality
  • Enhancements to increase fluidity and ease of use for revenue recognition.
  • Support your operations around the world with the G/L impact printing for China, and additional depreciation enhancements for Japan.

Industry Specific Enhancements

For wholesale distributors and manufactures

  • A new warehouse management system has been introduced; increasing productivity via a new wave release process, paperless picking functionality and an intuitive mobile application.
  • Introduction of the Supply Chain Tower; Providing unrivaled visibility which will enable teams to quickly adapt and avoid potential issues within their supply chain. This single overarching view will highlight risks and showcase opportunities to improve efficiency and maintain continuity.

Learn more about the Manufacturing and Wholesale Distributors enhancement and feature changes in NetSuite 2019.2

Retailers

  • Merchandise Attributes – Allowing retailers to easily view and track product performance based on various product classifications.

Learn more about the Retailers enhancement and feature changes in NetSuite 2019.2

Software and Services

  • Simplified project budgeting
  • Powerful new resource management tool
  • Improved reporting enhancing efficiency and management in a global environment.

Learn more about the Software and Services enhancement and feature changes in NetSuite 2019.2

Electronic Bank Payments 

In 2019.2 there will be some enhancements to the Electronic Bank Payments SuiteApp

  • Pay your vendor bill in installments with Installment Payments

If you wish to test these new features out in the Release Preview environment – See SuiteAnswers  51313 for instructions.

Want more information?

The Annexa Team is offering training for the new features, enhancements and functionality introduced in 2019.2. If you’d like to find out more, or schedule a training session please sales@annexa.com.au

If you have any general questions regarding the release, you may contact support@annexa.com.au

We have included some additional documents below; The 2019.2 Release notes provide a comprehensive list of all the upcoming changes. If you’re interested in any of these features you may review the Feature Previews page to learn more!

What you need to know

To find out more about the new release, log into NetSuite and open the Release Portlet. If your release preview portlet is not available on your dashboard; Click ‘Personalize’ and locate the ‘New Release’ icon and add it to your dashboard.

NetSuite is continuing to use the new opt-in access model for Release Preview accounts in Release 2019.2. An administrator can go to Setup > Company > Release Preview and click Request Release Preview. NetSuite will create an account for you so that you can become familiar with the new capabilities of NetSuite and test your processes before your Production upgrade to 2019.2. The Account Administrator will receive an email notification as soon as your account is available and ready to use.

The release preview environment is available to test new features prior to the upgrade date, this environment is a separate copy of your NetSuite account. This is available from now! Login here – Locate the role with the account type ‘Release Preview’

See the release portlet below:

How should you be preparing?

We highly recommend testing your NetSuite solution prior to the upcoming release. As NetSuite is customised to suit your specific business, testing will identify any changes that may impact your day to day operations.

We recommend testing all customisations, integrations, workflows and general business processes on the release preview environment.

If the Release Preview environment is unavailable, please follow the steps outlined in the section above to request access. If you have any issues with this, please contact our support team.

Refer to the NetSuite Test Plan for a detailed and comprehensive guide on how to setup the test environment and perform testing.

Annexa is here to help!

We understand you may have questions about this upgrade, and we are here to help!  Our professional services team are on hand to help with anything you need regarding this upgrade.

For assistance regarding the considerations, testing, new feature demos or any queries please contact Support@annexa.com.au or via 1300 994 550

Tech Conversation Event: Wholesale Distribution

You’re invited to join Oracle NetSuite and Annexa for an informative ‘Tech Conversation’ event.

Learn how Wholesale Distributors can use game-changing cloud technology designed specifically for distributors, to transform their back-office operations, and grow their business.

Friday 6th of September

9am – 12pm

Oracle NetSuite
Level 5, 417 St Kilda Rd, Melbourne VIC 3004

Room: Young & Jackson

Morning Tea and light lunch will be served

 

Agenda

  • Hear Oracle NetSuite and Annexa client Aberdeen Paper share insights on how choosing the right cloud business management solution has propelled growth for the boutique distributor of disposable food packaging and consumables.
  • The true business impact of having Intelligent Inventory Management for NetSuite – presented by RFSmart.
  • Industry insights for Wholesale Distributors
  • Introduction to Apps by Annexa Mobile Stocktake App

 

Click here to register 

eBook: CFO concerns in the new financial year

There’s little doubt that the CFO role is in flux.

As technology disrupts and data proliferates, the CFO is expected to take a much bigger stake in business ownership, participate in critical decision making, and leverage technology to transform the business in the digital era.

To help finance leaders respond to these forces, we share the steps CFOs can take to embrace disruption, reshape their role and turn approaching challenges into opportunities for growth.

 

  • Download this free whitepaper

    Complete your details below to access

  • This field is for validation purposes and should be left unchanged.

 

In this eBook:

Transformative technologies:

The technologies turning data into insights, guiding strategy and supporting CFO decision-making.

Finance and ERPs:

How CFOs can gain flexibility in a fluctuating business environment, reduce costs, control risks, drive productivity and manage compliance.

The recruitment challenge:

How innovative technologies can help to attract bright, motivated, and talented people.

A culture of compliance

Finding the best path towards unparalleled efficiency and accuracy in order to meet continuously evolving audit, reporting and compliance requirements.

The deluge of data:

Why 81% of CFOs agree that over the next two years the pressure to become more data-driven will increase substantially[1].

[1] Are you ready to be a data-driven executive? (2018). Available at: https://www.schgroup.com/wp-content/uploads/2019/02/SCH-Group-Data-Driven-Executive-eBook.pdf?hsCtaTracking=29d9b225- 9271-491d-be61-b0f78bda5b87%7C253933e6-254c-45db-89cf-c3bccbc06b21