Preview of general highlights in NetSuite 2020.2

Multiple invoices can easily be consolidated into a single grouped invoice, reducing manual efforts and improving cash flow. Bank reconciliations are streamlined with the added ability to automatically create and post transactions. Automate cross-charge transactions between subsidiaries. Material requirements planning (MRP) provides new tools for planners, including a repository with timely and consistent information and a workbench to review orders, suggestions and exceptions before releasing / updating orders. Sales orders are included in predicted risks, helping to ensure goods ship on time.

Feature highlights for Manufacturers

NetSuite’s new material requirements planning (MRP) capabilities for supply planning (available to customers who are using NetSuite Demand Planning) has been completely re-architected, featuring a dedicated planning repository that ensures planners can make decisions based on timely and consistent information.

The capabilities of Intelligent Predicted Risks have been extended to include sales orders, providing users with greater insight into potential risks on goods not shipping on time. Purchase orders can be identified as being at risk and recommend alternate vendors based on new machine learning algorithms.
Additional precision can be provided to supply allocation by allowing inbound shipments to be included into the allocation of supplies, in context with related purchase orders. Additionally, fill rate optimization allocates existing supply to satisfy as many sales order lines as possible based on the given supply.

Feature highlights for Wholesale Distributors

NetSuite WMS now includes the ability to receive, transfer and pick goods inside a location without bins, including single order picking and multi-order picking at warehouses. Smaller warehouses benefit from the efficiency of hand-held picking without the overhead of managing bins.
You can now quickly manage and approve new wholesaler customers to purchase from your ecommerce store. With an improved form and flexible approval workflows, the new SuiteCommerce Sign Up extension lets you easily manage the registration and approvals of buyers from your ecommerce store.

Invoice grouping enables the consolidation of multiple invoices into a single invoice that’s delivered to the customer, and it also allows payments accepted at the group level to be applied to individual invoices. This reduces manual grouping, ensures accurate invoices and improves cash flows by decreasing days sales outstanding.

Feature highlights for Retailers

Website themes deliver an engaging ecommerce customer experience. Themes are now managed to ensure your site stays up to date with every NetSuite release with new features and functions. Additional new features include added layout flexibility, ADA/WCAG compliance, enhanced mobile user experience and multi-language support.

Optimized performance tools and automated alerts provide simple-to understand visual data on your web store’s activity and performance. You can identify problems and take action before issues impact your business.

On the analytics front, the new Merchandise Hierarchy Workbook enables analysis of items, inventory, sales, and fulfillment data with pre-built customizable KPIs and reports. You can quickly analyze merchandise performance and view performance trends by category.

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