Earlier this week, NetSuite announced Version 2018 Release 1 (commonly referred to as 18.1) of its business management suite. Although the announcement on the NetSuite website was just a sneak preview of what's to come, it has NetSuite users across all industries excited for a multitude of reasons.
We've unpacked the full list of feature highlights in the NetSuite 18.1 update and outlined the details that we think are worth getting excited about.
Advanced Revenue Management
Advanced Revenue Management will include improved performance, flexibility and productivity, ensuring compliance with new ASC 606 revenue recognition standards.
Project Profitability Reporting
Updates to Project Profitability Reporting will generate more accurate forecasts by including Sales Orders as future revenue.
Resource Allocation Grid Filters
The new Resource Allocation Grid Filters simplify resource allocation and increase flexibility and control of projects―giving service companies in particular a reason to get excited about the 18.1 release.
Eliminate duplicate customers with the new Multi-Subsidiary Customer module which provides NetSuite users with a singular, clear view of customers across all subsidiaries.
Supply Chain Snapshot
Gain a comprehensive view and granular control of global inventory demand and supply with Supply Chain Snapshot.
NetSuite users can launch new web-stores faster than ever before with SuiteCommerce Standard―giving retailers a reason to rethink their eCommerce strategy in 2018.
Another 18.1 feature that's especially exciting for NetSuite users in the retail industry is the new Fallback Solution, which prevents businesses from ever missing a Point of Sale, (even when their POS system is offline).
Click here to see the full list of feature highlights across industries.
As a certified NetSuite Solution Provider, we’re well-versed in managing your NetSuite upgrade. Our team of experts can easily transition your team onto the latest version, getting you up to speed and allowing you to reap the benefits of the new NetSuite as soon as possible. Let us help you get started with a quick 15-minute conversation to learn more about your company’s situation.
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