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What’s new in NetSuite 2016?

NetSuite, the industry’s leading provider of cloud-based ERP software suite, recently announced Version 2016 Release 1 of business management suite.
  • More powerful and flexible revenue recognition capabilities.
  • New capabilities empowering commerce and retail companies to streamline and optimize order entry and fulfilment.
  • New flexibility for vendor management and multi-book accounting with NetSuite OneWorld.
  • General Availability of SuiteSegments including key enhancements.
  • Industry feature highlights for manufacturing, retail, services, software and Internet companies, and wholesale distribution.
Improvements for Retailers:
  • New intelligent order allocation engine fulfills orders from anywhere in a timely manner delighting your customers.
  • New accounting and reporting capabilities enhance real-time inventory visibility enabling you to measure and manage product profitability.
  • New usability improvements enable you to stay ahead of the curve by managing expected increase in your sales order volume.
More features for Software and Internet companies:
  • Advanced revenue recognition capabilities for compliance with rev rec standards using less effort.
  • Advanced financial reporting with multi-book consolidation optimizing global financial close.
  • Improved contract renewals simplify the complexities surrounding contract renewals enabling better customer service.
All new feature for Manufacturers:
  • New intelligent order allocation engine fulfills orders from anywhere in a timely manner delighting your customers.
  • New grid order entry for item transfer orders ensures replenishments will take less time and effort to process.
  • Improved vendor credit line simplifies credit limit compliance while doing business with global vendors.
  • Enhanced fixed assets management capabilities ensure compliance with IFRS.
Latest features for Service companies:
  • New project resource management enables tighter control of projects while optimizing resource utilization.
  • Enhanced flexibility to time and material charge based billing enables billing by units such as hourly, daily, weekly.
  • Improved vendor credit line simplifies credit limit compliance while doing business with global vendors.
New features for Wholesale Distributors:
  • New intelligent order allocation engine fulfills orders from anywhere in a timely manner delighting your customers.
  • New grid order entry for item transfer orders ensures replenishments will take less time and effort to process.
  • Improved vendor credit line simplifies credit limit compliance while doing business with global vendors.
  • Enhanced fixed assets management capabilities ensure compliance with IFRS.
What’s new with SuiteCloud Platform?
  • New SuiteScript 2.0 for an improved development experience.
  • Improved GRC capabilities ensuring more visibility and control.
  • Enhanced SuiteSegments for smarter analysis and intelligent insights.

For more details on the advancements and capabilities in NetSuite OneWorld, read here.

About Ambit: Ambit Software is a certified NetSuite Solution Provider with extensive experience in implementing NetSuite across diverse verticals. For more details on Ambit’s NetSuite practice, click here.

The post What’s new in NetSuite 2016? appeared first on Ambit Software.



This post first appeared on Technology And Innovations: Blog From Ambit Softw, please read the originial post: here

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