What You Need to Know about the Latest NetSuite Release
Key new features include: new functionality to streamline and automate financial operations, collaborative SuitePeople capabilities, enhancements to supply chain tools and increased platform integration.
The NetSuite upgrade is on a rolling basis starting in August through October. Log in to your dashboard and check out the new release portlet (available starting July 27) to learn more about your upgrade date, see sneak peeks and more regarding the new NetSuite release. Contact us with questions.
Oracle NetSuite 2020.2 Release Highlights
NetSuite release 2020.2 includes new financial functionality, including invoice grouping to consolidate multiple invoices into a single invoice and allows payments accepted at the group level to be applied to individual invoices. Additionally, automatically create and post transactions directly from imported bank data, post cross charge transactions between subsidiaries and net intercompany receivables and payables.
New features include: easy performance review process and goal setting within SuitePeople Performance Management, expense report credit card integration and automated controls and notifications on expense reports.
New and enhanced capabilities include: new architecture for material requirements planning (MRP) capabilities in supply planning, a planning workbench for planners, inclusion of sales orders within Intelligent Predicted Risks, identification of at-risk purchase orders and recommendation of alternate vendors using machine learning, additional precision to supply allocation and fill rate optimization.
The new records catalog in SuiteCloud enables discovering and viewing all standard and custom records and fields in your NetSuite account data model easier.
NetSuite 2020 Release 2 includes enhancements to the SuiteCloud platform for developers, including more open source integrations and the ability to work with significantly larger data sets. Learn more.
LISTEN: NetSuite Version 2020.2 Highlights Overview
2020 NetSuite Release Schedule
NetSuite 2020.2: NetSuite customers will be updated in three phases, with the first phase starting in August 2020 and the final phase in October 2020. Learn more about your upgrade date by checking out the new release portlet on your dashboard, the portlet will be live on July 27. Before upgrading, test out new functionality and tools in the release preview.
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Previous Release Information
NetSuite Release 2020.1
Key new features include: new banking SuiteApp, SuitePeople enhancements, extended Supply Chain Control Tower capabilities, new project lifecycle and financial management functionality, and industry feature highlights. Learn more in the NetSuite 2020.1 release notes.
NetSuite Release 2019.2
Key features included: prebuilt SuiteAnalytics Workbooks, simplified intercompany management functionality, new employee management tools. Learn more about enhanced tools and new functionality in the NetSuite 2019.2 release notes.
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Terillium is a certified NetSuite Solutions Provider. Our certified consulting team helps businesses with NetSuite implementations, enhancements and optimizations, and SuiteAssist – a managed services program specifically for NetSuite users. Whether you need assistance with your NetSuite upgrade, want to take advantage of new functionality or have issues to resolve, Terillium can help.