NetSuite is excited to announce the NetSuite 19.1 Spring Release.
As a pioneer in cloud business management solutions, NetSuite ensures that its customers benefit from its products and innovation quickly and seamlessly. As a SaaS application, the changes are incremental and regular, integrating new and improved features and ensuring that customers can easily consume and benefit from them.
There is rigorous testing to make sure everything works as it should, with a constant feedback loop from global customers about what they would like to see next. With more than 16,000 global customers, it is important that everything works as expected.
The product improvements are useful only if customers know about them and have a clear understanding of not just what changed but also the impact of those changes. With comprehensive documentation, training, testing and communication, including the exact date and time of each upgrade, customers are knowledgeable and well prepared to benefit from every release.
With an average upgrade time of less than an hour, NetSuite customers get regular and seamless upgrades to their software at no cost and without causing any disruption to their business.
Watch this Sneak Peek to get a preview of what’s new across several different areas. There is something for everyone. Highlights of the release include:
SuiteAnalytics Workbook – New, Powerful, Secure Way to Explore and Visualize Your Data, and Make Informed Decisions
The SuiteAnalytics Workbook leverages a new user interface and new analytics capabilities and is designed so that even inexperienced users can perform complex data analytics tasks quickly and easily. With the new SuiteAnalytics Workbook, everyone in your organization can be a power analyst with self-service business intelligence enabling them to discover insights, take action and accelerate business success.
Global Financials – Simplify and Automate Global Financial Processes and Compliance
Easily manage complex domestic and global tax calculations with new SuiteTax and VAT capabilities. Gain compliance with new lease accounting standards ASC 842/IFRS 16. Control spend with book specific budgets and new approval workflows for bills and vendor payments. Manage payments efficiently with new installment terms on bills and invoices. Improve period close with enhanced Multi-Book Accounting features.
Supply Chain and Order Management – Easy-to-Use, Scalable Solution that Advances Supply Chain Collaboration and Streamlines All Transactions
Increase productivity, simplify processes and improve cost modeling with multiple manufacturing enhancements. Simplify work order reporting with MES tablet application support for all work order types. Operate Quality Management tablet app across global facilities with all NetSuite supported languages. Improved support for multi-subsidiary businesses providing customers the ability to quickly act on the information they receive with Supply Chain Snapshot enhancements.
Professional Services Automation – Optimize Project and Resource Planning, Improve Budgeting and Forecasting, Automate Revenue and Billing
Generate more new business, improve productivity and manage project pipeline through Project Creation from Opportunities and Estimates. Enhanced Global Project support for employee Foreign Currency Expense report reimbursement. Faster assignment of project teams with Resource Groups and other resource management enhancements. Improved time entry compliance with enhanced Missing Timesheet Reporting. Manage all project billing easily, quickly and in one place with Purchase Charge Rule.
Commerce – Simplify and Improve Business and Consumer Experience That Help Business Growth
Enhance and evolve SuiteCommerce web store with many new extensions including new feature categories, product feeds, size charts and best sellers. Maximize sales potential and optimize profitability with dynamic customer groups and targeted promotions. Gain deeper engagement levels with your customers with contact specific B2B cart functionality.
Human Capital Management – More Control, Consistency and Improved Security of Core HR Processes
Gain from consistent and standardized ways to manage employee lifecycle from hire to rehire with Employee Status Categories. Benefit from more flexibility in classifying labor-intensive industry workforce with Employee Type Categories and support for Hourly Time-Off Accruals. Ensure additional security of sensitive HR and employee data with Core Administration Permission and Employee Access Permission features. Get more control and flexibility with Payroll enhancements.
Platform – Gain Competitive Advantage by Creating and Managing Reliable, Scalable and Seamless NetSuite Extensions
Ensure international document exchange compliance with Digital Signing API. Improve and strengthen security with support for mutual HTTPS authentication and 2FA for highly privileged roles. Easily transfer a Custom Object from one NetSuite account to another using new Copy to Account (beta). Build extensive, productive and visually attractive Workbook experiences on the platform with Query API.
Enjoy the exciting new release!