What You Need to Know about the Latest NetSuite Release
Key new features include: new functionality to streamline and automate financial operations, improved inventory, supply chain, and warehouse management, and enhancements to performance and retirement planning.
The NetSuite upgrade is on a rolling basis, starting in August 2021 through October 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.
2021 NetSuite Release Schedule
NetSuite 2021.2: NetSuite customers will be updated in phases, with the first phase likely starting in August 2021 and the final phase in October 2021. Learn more about your upgrade date by checking out the new release portlet on your dashboard. Before upgrading, test out new functionality and tools in the release preview.
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Oracle NetSuite 2021.2 Release Highlights
NetSuite release 2021.2 includes new financial functionality. Get paid faster with the ability to have your customers pay invoices online with a payment link. The release also allows for automated matching of imported bank payments to open invoices and the consolidation of purchase requests, allowing you to become more efficient with cash management. Last, this release gives you the ability to consolidate purchase requisitions across multiple-subsidiary organizations. Payment in difference subsidies will be automatically cross-charged to balance the general ledger, increasing efficiency and streamlining operations.
Enhancements to NetSuite Warehouse Management system allows workers to quick ship a pallet from a handheld device. This also offers more flexibility in packing multiple orders to the same destination with the ability to add or remove cartons from a pallet. This in turn optimizes shipping costs. Automatically prioritize inventory allocation and improve visibility. Last, enhancements centered around the automation of generating lot numbers improves efficiency in inventory and warehouse management.
New SuitePeople functionality now automates calculations for 401(K) plans and includes rules-based formulas for calculating employer matches. The release also automates age matching calculation for catch-up amounts and manages contribution limits automatically while following IRS rules.
LISTEN: NetSuite Version 2021.2 Highlights Overview
Previous Release Information
NetSuite Release 2020.2
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 2020.2 release notes.
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CERTIFIED NETSUITE CONSULTING
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.