Published on 22nd February 2018
We are pleased to announce NetSuite’s Version 2018 Release 1 which provides exciting new features and commerce-related enhancements.
What’s new
- Use Multi-Subsidiary Customer for a single, clear view of customers across multiple subsidiaries eliminating duplication.
- Gain comprehensive view and granular control of global inventory demand and supply with Supply Chain Snapshot.
- Quickly launch new webstores with SuiteCommerce Standard.
- View SuiteCloud Platform, Global Financials and industry feature highlights for Software, Retail, Manufacturing, Services, Advertising, Media and Publishing, Wholesale Distribution companies, General Business and Nonprofit organizations.
Feature highlights for general business:
-
- Advanced Revenue Management includes improved performance, flexibility and productivity ensuring compliance with revenue recognition regulations.
- Use Multi-Subsidiary Customer for a single, clear view of customers across multiple subsidiaries eliminating duplication.
- Reduce operational overhead with intelligent transaction matching rules.
Feature highlights for manufacturers:
- Gain comprehensive view and granular control of global inventory demand and supply with Supply Chain Snapshot.
- Streamline order management by centralizing order entry, simplifying intercompany transactions and direct fulfilment against sales orders with Cross Subsidiary Fulfillment.
- Benefit from more flexibility and better usability with customizable Bill of Materials (BOM) components and revisions.
Feature highlights for retailers:
- Never miss a sale when the Point of Sale system is offline with the new Fallback solution.
- Quickly launch new webstores with SuiteCommerce Standard.
- Streamline order management with Cross Subsidiary Fulfillment to process orders efficiently in a global environment.
Feature highlights for service companies:
- Simplify resource allocation and increased flexibility and control of projects with the new Resource Allocation Grid Filters.
- More powerful and flexible Project Profitability Reporting including accurate forecasts by including Sales Orders as future revenue.
- Speed-up Charge-Based billing project set-up and reduce errors by adding all resource related data such as rate and time with a click.
Feature highlights for wholesale distributors:
- Track inventory valuation accurately with the landed cost capability using Inbound Shipment Management.
- Streamline order management and process orders efficiently in a global environment with Cross Subsidiary Fulfillment.
- Increase efficiency, commitment and order fulfilment with New Inventory Status feature.
Feature highlights for nonprofit organisations:
- Speed-up Charge-Based billing project set-up and reduce errors by adding all resource related data such as rate and time with a click.
- More powerful and flexible Project Profitability Reporting including accurate forecasts by including Sales Orders as future revenue.
- Modern user interface for Weekly Timesheets provides a more streamlined and intuitive experience.
With just weeks until the newest NetSuite release rolls out (2018.1), how should you be preparing?
Every customer receives a preview account leading up to a release that includes the latest functionality for their specific instance of NetSuite. But to gauge the impact for you, you will want to log in to the preview account and test … everything.
If you need assistance during this process please get in touch with our support team support@annexa.com.au
Annexa is a leading NetSuite partner with extensive experience designing and implementing comprehensive and customised business systems, including payroll solutions, financial management, warehouse management and ecommerce solutions.