Introduction
NetSuite’s 2023 Release 2 has arrived, bringing a host of new features and enhancements that promise to revolutionize the way businesses operate. This latest update focuses on boosting warehouse and manufacturing efficiency, driving smart financials and operational excellence, and empowering employees with enhanced learning tools. Let’s dive into the details of these exciting innovations and how they can transform your business operations.
Gain Warehouse and Manufacturing Efficiency
The NetSuite Supply Chain Management mobile app now offers enhanced versatility and efficiency. With the ability to switch roles seamlessly between NetSuite WMS (Warehouse Management System), QMS (Quality Management System), Manufacturing Mobile, Smart Count, and Ship Central, users can perform multiple functions with ease. This flexibility is a game-changer for supply chain management.
One of the key upgrades in NetSuite WMS is the ability to assign pickers to multiple pick tasks. This feature is designed to streamline warehouse operations and improve productivity significantly.
Additionally, NetSuite Ship Central now allows businesses to compare shipping rates across multiple carriers. This capability ensures that companies can choose the most cost-effective and efficient shipping options for their needs.
The inclusion of GS1 barcode scanning in NetSuite Smart Count further enhances inventory management. This feature simplifies the process of tracking and managing inventory, ensuring accuracy and reducing the time spent on inventory counts.
Drive Smart Financials and Operational Excellence
NetSuite’s latest release also focuses on enhancing financial operations. The new NetSuite Account Reconciliation feature standardizes and automates the reconciliation of all balance sheet accounts, enabling a faster and more accurate financial close process.
Another significant addition is the enhanced NetSuite AP Automation. Users can now submit and approve payments in batches, with flexible approval routing options. This improvement streamlines the payment process, saving time and reducing the risk of errors.
The intelligence of NetSuite Bill Capture has also been elevated. The system now categorizes bills by subsidiaries based on historical data and similar bills, making bill management more efficient and less prone to human error.
Empower and Engage Employees
A major highlight of NetSuite 2023 Release 2 is its focus on empowering users. NetSuite Guided Learning introduces interactive guides that integrate seamlessly into the workflow within NetSuite. This feature allows users to learn key processes in a practical, hands-on manner.
Moreover, Guided Learning connects users to a wealth of additional resources, such as on-demand Learning Cloud Support training, SuiteAnswers, and the NetSuite Support Community. This comprehensive approach to learning ensures that users can maximize the ERP investment by quickly becoming proficient in using NetSuite’s features.
Conclusion
NetSuite’s 2023 Release 2 is a testament to the company’s commitment to continuous innovation and improvement. By enhancing warehouse and manufacturing efficiency, driving smarter financial operations, and empowering employees with advanced learning tools, this update sets a new standard in ERP solutions. Whether you’re looking to optimize your supply chain, streamline financial processes, or equip your team with the best tools for success, NetSuite’s latest release offers the solutions you need to elevate your business to the next level.
