NetSuite: Version 2016 Release 1

NetSuite 2016 Version 1

NetSuite: Version 2016 Release 1

The latest version of NetSuite’s enterprise resource planning (ERP) system is due for release very shortly and we wanted to give you an idea of what’s new.

Overview of NetSuite Version 2016 Release 1 New Functionality

• More powerful and flexible revenue recognition capabilities.
• New capabilities empowering commerce and retail companies to streamline and optimise order entry and fulfilment.
• New flexibility for vendor management and multi-book accounting with NetSuite OneWorld.
• General availability of SuiteSegments, including key enhancements.
• Feature highlights for specific industries, including: manufacturing, ecommerce, and wholesale distribution.

The following is a 12½ minute video-based presentation on the new release of NetSuite.

 

And here’s what’s new for the kind of companies that we at Balloon One work with.

Wholesale Distributors

• New intelligent order allocation engine fulfils orders from anywhere in a timely manner.
• 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 International Financial Reporting Standards (IFRS).

 

Ecommerce Companies

• New intelligent order allocation engine fulfils orders from anywhere in a timely manner.
• New accounting and reporting capabilities enhance real-time inventory visibility enabling you to measure and manage product profitability.
• New usability improvements allow you to stay ahead of the curve by managing expected increases in your sales order volume.

 

Manufacturers

• New intelligent order allocation engine fulfils orders from anywhere in a timely manner.
• 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 International Financial Reporting Standards (IFRS).

 

If you are interested in learning more about NetSuite, please call us on 020 8819 9071 or you can contact us using the website form.