We are excited to announce the NetSuite 18.2 Fall Release(opens in new tab). In addition to introducing many new features, the release also provides product improvements. By delivering regular updates and keeping our products fresh, NetSuite helps our customers accomplish more by being nimble and keeping pace with the rapid changes in technology, compliance and regulations.
A lot goes into a release. Packaging global customer expectations, feedback and requirements while keeping abreast of the latest in technology, compliance and competitive landscape is a challenge to say the least. But, NetSuite has mastered the art and science of packaging all the goodness into its semi-annual releases. To improve time to market, NetSuite's experienced global teams help guide the release through a long, complex and well-defined process that includes roadmap reviews, prioritization process and development effort specifically designed to derive value based on customer feedback and best practices.
Watch Sneak Peek(opens in new tab) to catch a preview of what’s new across several different areas. There is something for everyone. Highlights of the 18.2 release include:
Global Financials – Optimize the Finance Office and Empower Modern Global Finance
Gain more control over period close accounting, reporting and compliance with Period End Journal Entries. Convert payments to posted transactions clearing AP and get accurate cash balance for status and forecasting with In-Transit Payments. We have added new native localizations fulfilling reporting, tax and regulatory requirements for China, India and Japan.
Supply Chain and Order Management – Gain Competitive Advantage Through Operational Excellence
Reduce cost and gain better control of product changes with the Engineering Change Order. Boost retail sales, increase margins and reduce inventory costs with the new Merchandise Hierarchy. Improve manufacturing quality with mobile image capture and by defining and capturing inspection criteria and triggering appropriate corrective actions. Centralize and streamline cross subsidiary order fulfilment with WMS enhancements.
Professional Services Automation – Improve Efficiency, Increase Productivity and Revenue while Supporting Global Project Delivery
Gain more control over projects and more accurate project accounting with Planned Work. Optimize resource allocation by gaining better visibility of resource availability with HCM time-off and Resource Allocation integration. Ensure correct expense account balances by reconciling corporate credit card expenses and matching them with employee expense reports. Improve the overall expense report submission experience by allowing users to save it for later.
Commerce – Delight Customers, Empower Merchants and Simplify Business User Experience
Never miss a sale when the Point of Sale system is offline with enhanced Fallback solution. Achieve a consistent brand image and elevate subscriber engagement with easy to use email templates including availability of Subscription Email in multiple languages to help you customize content to international subscribers. Maximize profit by ensuring customers are always charged the right price at the right time with new Effective Date Pricing.
Human Capital Management – More Control and Increased Productivity
New enhancements to time-off functionality ensures that employees avoid losing valuable time off with alerts and HR admins can increase productivity by automatically adding time-off to time entries and weekly timesheets on approval. Improve process flow and administration with Payroll and NetSuite Financials integration. Secure sensitive HR data and processes with a Core Administrations Permissions configuration (beta).
Platform – Customize, Extend and Enhance with a Faster, More Efficient and Robust Development Environment
Increase productivity with SuiteFlow support for new Sublist actions – Send Email and Return User Error. Simplify scripting with the new Unified Script ID for custom segments. Get quick and easy access to the new SuiteAnalytics workbook with the new SuiteScript 2.0 Query API in beta as well as several other SuiteScript 2.0 enhancements including new APIs. There are many more features that will help users, administrators and developers to create and manage reliable, scalable and seamless extensions to NetSuite providing competitive advantage.
New SuiteAnalytics Workbook – A New Way to Gain Insights from Your Data
We are excited to announce the new SuiteAnalytics Workbook beta. This new solution enables business users to quickly and easily create complex searches and reports using drag and drop editing. Users benefit from rich visualizations, formatting, charting and layouts, delivering more accurate real-time insights.
NetSuite is a true cloud, multitenant, SaaS ERP solution, which ensures that all our customers benefit from not only the latest and greatest features but also by enabling less disruptive and seamless upgrades.
Enjoy the exciting new release!