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NetSuite Version 2018 Release

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NetSuite has announced Version 2018 Release 1 of its business management suite.

What’s new, you can get in this new release:

  • 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.

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 Software and Internet companies:

  • 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.
  • Introduce more flexibility in multi-book environment by activating each subsidiary separately.

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 Nonprofit organizations:

  • 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.

Feature highlights for Global Financials:

  • Introduce more flexibility in multi-book environment by activating each subsidiary separately.
  • Reduce operational overhead with intelligent transaction matching rules.
  • Fulfill additional local regulatory requirements for China, Japan, Malaysia and Thailand.
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