What’s New in the NetSuite 2018.2 Release

As the latest NetSuite Release (2018.2) is rolled out, we are going to take a look at some of the key features that have been incorporated and how you can utilise these.

 

NetSuite have two major software updates a year, which occur automatically and are available to all users, meaning everyone running on NetSuite is operating on the most up-to-date version of the software. So, take a look below and see some of the great new features NetSuite users are able to utilise.

 

BETA SUITEANALYTICS WORKBOOK

In addition to Reports and Saved Searches, NetSuite’s new SuiteAnalytics workbook gives users a new way to get useful insights across multiple departments, teams and subsidiaries. The new, intuitive, WYSIWYG user experience means users with limited, or no technical knowledge, of query language can create highly customisable workbooks that combine queries, pivot tables, and charts using a single tool that leverages a new, unified metadata layer.

 

GLOBAL FINANCIALS

In the NetSuite 2018.2 Release, there is exciting news for international businesses. You can now automate the generation of consolidation journals, income statement closing journals and balance sheet closing journal entries. This gives you better control of the financials of your global operations.

In addition to this, new financials capabilities have been added to improve your businesses Chinese operations, with three new China reporting layouts.

 

ORDER TO CASH

NetSuite has added new price update capability within the order to cash functionality which allows better control of prices at which goods are being sold. This new enhancement reduces the complexity of updating product prices, meaning you can maximise your business profits.

 

PROCURE TO PAY

The new “In-Transit” payment feature available in the NetSuite 2018.2 release means that vendor payments can be managed more efficiently – different stages of vendor payment processing can now be tracked easily and accurately in the system.

 

If you’re interested in finding out more about these, or any of the other great features available in NetSuite, and how they can benefit your business, whether you’re an existing NetSuite user or not, the check out the video at the top of the page. Alternatively, please feel free to contact a member of our expert team to discuss any aspect of NetSuite further.