NetSuite 2021.1, the latest release, is now out on a rolling basis. Key new features include functionality to streamline and automate financial operations, the debut of SuiteProjects, enhancements to inventory management, and new analytics capabilities.
The NetSuite upgrade is on a rolling basis, starting February 2021 through April 2021. Log in to your dashboard and check out the new release portlet to learn more about your upgrade date, see sneak peeks, and more regarding the new NetSuite release. Contact us with questions.
Important Steps to Take Before Your NetSuite Upgrade
How do I know when my upgrade is taking place?
NetSuite 2021.1: NetSuite customers will be updated in phases, with the first phase starting in February 2021 and the final phase in April 2021. Tentative release dates are February 19, March 19, and April 16. Learn more about your upgrade date by checking the new release portlet on your dashboard.
How do I receive a 2021.1 Release Preview Account?
Nothing beats getting to test how all the new features will work with your data, workflows and customizations. Opt-in to take advantage of the Release Preview access period to prepare and become familiar with new NetSuite capabilities.
- From your production account, administrators should go Setup > Company > Release Preview.
- Click Request Release Preview
- The account will be available within 3-5 days
Visit SuiteAnswers to learn more.
What’s New
Finance Enhancements
NetSuite release 2021.1 includes new finance functionality, including:
- Centralized subsidiary purchasing and billing
- New expense commitments and budget validation
- Email approval with SuiteApprovals
- Automation of importing financial data from banks in Asia, Australia and New Zealand
Learn more about the smart financials and operations automation enhancements in NetSuite 2021.1.
SuiteProjects
NetSuite 2021 Release 1 brings the debut of SuiteProjects, a professional services automation solution built natively on NetSuite. Project managers have increased visibility and automation functionality by initiating purchases directly from projects. Set limits for individual expense lines for expense report policies are expanded, which ensures alignment with company policies and client contracts. In addition, the ability to easily correct weekly timesheets before they’re approved is now available.
Inventory Management – NetSuite Pack Station
With the introduction of the NetSuite Pack Station, an extra layer of verification is in place before orders are shipped. New enhancements to the Warehouse management system (WMS) are also included in the release. Order allocation by channel is enabled, which leads to leads to better tracking of sales and operations activities. Lastly, the new supply allocation against blanket PO feature is introduced with increased order accuracy.
Analytics and Platform Updates
New application performance management (APM) dashboards are implemented to help monitor and analyze the health of REST web services-based integrations. With new internationalization and localization tools and processes, the NetSuite user and administrator experience can feel local for global businesses operating in any country. SuiteScript APIs have been made more powerful with easier application, as well as the ability to work with significantly larger data sets.
New Industry Features
New features for manufacturing, wholesale distribution, software, retail, services, advertising, media and publishing and nonprofit organizations.
Learn more about the latest release, NetSuite 2021.1, on the NetSuite blog. Sign up to receive release updates as they are announced.