3EN is pleased to announce Version 2018 Release 1 of NetSuite’s business management suite.

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 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 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 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 Advertising, Media and Publishing 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 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.

Feature highlights in the SuiteCloud Platform:

• Enhanced user experience, zero downtime and faster sandbox refreshes.
• Significant increase in processing power enabling parallel processing of scheduled scripts with an additional SuiteCloud processor at no charge.
• More sophisticated workflow customization enables execution of workflow actions on item sublist line, without coding.

Want to learn more about NetSuite 2018.1 click here to contact EMEA’s Leading NetSuite Experts, 3EN!