Story image

New ERP features announced at NetSuite’s 2017 keynote

03 May 2017

NetSuite announced a slew of new features to enhance its enterprise resource planning (ERP) offerings at its keynote recently.

The new cloud ERP features are designed to ready businesses for the developments in technology, with functionality spaning global financials, revenue recognition, billing, Services Resource Planning (SRP), Supply Chain Management (SCM), and Governance, Risk and Compliance (GRC).

Oracle NetSuite Global Business Unit prides itself on being one of the industry's leading providers of cloud financials, ERP, HR and omnichannel commerce software suites.

These enhancements give NetSuite customers the ability to continue to scale and innovate efficiently.

NetSuite has two major upgrades every year, with customisations that carry forward automatically, giving customers the assurance that they’re always on the latest version of the software.

“The major investments we have made in product development over the last several years, combined with the incremental Oracle resources, have allowed us to deliver the greatest amount of new financial and ERP features and functionality ever,” Oracle NetSuite Global Business Unit executive vice president Jim McGeever says.

In terms of global financials, the new features will provide more automation and simplification of complex multi-company and multi-country financials.

In revenue recognition and billing, the theme with the improvements is simplifying the complexities existing in revenue management.

In services resource planning, NetSuite has endeavoured to bring more flexibility and automation for services companies.

New features in supply chain management offer more optimisation of complex supply chains, including in-transit accounting enhancements, enhanced order processing, and a vendor dashboard, among others.

Finally, new features for governance, risk, and compliance offer more controls, including detailed audit trails for script and script deployment.

“The latest enhancements to billing and revenue recognition are going to have a big impact on our business and our bottom line,” DiscoverOrg president John Gardiner says.

“We’re repeatedly amazed by NetSuite’s commitment to ongoing development,” he adds. 

Security flaw in Xiaomi electric scooters could have deadly consequences
An attacker could target a rider, and then cause the scooter to suddenly brake or accelerate.
Four ways the technology landscape will change in 2019
Until now, organisations have only spoken about innovative technologies somewhat theoretically. This has left people without a solid understanding of how they will ultimately manifest in our work and personal lives.
IDC: Top 10 trends for NZ’s digital transformation
The CDO title is declining, 40% of us will be working with bots, the Net Promoter Score will be key to success, and more.
Kiwi partner named in HubSpot’s global top five
Hype & Dexter is an Auckland-based agency that specialises in providing organisations with marketing automation solutions.
Moustache Republic expands Aussie presence with new exec
The Kiwi digital commerce partner has appointed a Sydney-based director to oversee the expansion of the company’s Australian footprint.
Epson’s new EcoTank range with two years printing per tank
With 11 new EcoTank printers that give an average user two years of printing and cost just $17.99/colour to refill, Epson is ready to change the game.
Te reo Māori goes global via language app called Drops
If you’re keen to learn a few words of Māori – or as much as 90% of the language, you may want to check out an Android and iOS app called Drops.
Reckon Group announces a steady profit in 2018
Reckon continued its investment in growth throughout the year with a development spend of $14.3 million.