Discover the Highlights and Key Features of NetSuite 2024.1

Background

The NetSuite 2024.1 release is just around the corner, with upgrades scheduled for March. As your preferred NetSuite partner, Novutech is here to keep you informed about the most impactful features in this update. In this article, we provide a sneak peek into the highlights of this release, showcasing how it can optimize your operations and enhance your business processes.
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Finance & Accounting

The 2024.1 release brings essential updates and localization improvements:

• SuiteTax Enablement: SuiteTax can now be enabled via the Enable Features option, removing the need for a qualification process.
• Spanish Localization: SuiteTax is now available in Spanish environments.
• Portugal Localization Enhancements:
  • Certification Accounting Books are now required for Multi-Book Accounting users.
  • Billable Expenses are included in the SAF-T for billing reports.
• Germany GoBD Support: End of support for Tax Audit Files in Germany.

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Inventory Management

Quality and mobile enhancements streamline inventory operations:

• Quality Management Improvements:
  • Inspections can now be performed without a quantity reference.
  • Quality results for lot and serial numbers can now be preserved.
• SCM Mobile Enhancements: Improved mobile functionality for streamlined inventory management.

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Manufacturing

Manufacturing receives updates for better control and usability:

• Work Orders via CSV: Work orders can now be created through CSV imports.
• Transaction Line Tables: Add display names to transaction line tables for better readability.

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Order Management

The subscription management process is now more flexible:

• Subscription Price Adjustments: Subscriptions can now have prices uplifted at any point during the subscription lifecycle.

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Payments

New features improve payment workflows:

• Global Payment Approvals: Approvals can now be set for global payments.
• Auto Payment Batches: Automated payment batches are now supported, reducing manual effort.

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SuiteAnalytics

Analytics tools offer new capabilities for data analysis:

• Calculated Measures: Create calculated measures directly from the pivot grid, providing deeper insights into your data.
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User Interface

Usability improvements make NetSuite more intuitive:

• Favorite Items: Select up to five favorite items in the Customer, Add Multiple, and Items fields on sales orders.

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Tech/Integrations

This release enhances integration capabilities and accessibility:

• REST API: All records are now accessible via the REST API, which has moved out of the BETA phase.

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Did You Know?

Here are some insights into NetSuite’s release process:

• Release Timeline: NetSuite updates occur in four phases, with upgrades typically scheduled between January and April for the .1 release.
• Release Preview: Request early access to test the new features in a Release Preview environment via Setup > Company > Release Preview.
• Sandbox Upgrades: Request a fresh snapshot of your production data for the Release Preview or Sandbox environment for comprehensive testing.
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Maximize the Benefits of 2024.1 with Novutech

Novutech has prepared a New Release Pack to help you fully leverage the latest features in NetSuite 2024.1. This pack includes personalized insights, recommendations, and support to ensure a smooth transition and optimized results.

Contact us today to schedule a 15-minute call to learn more about the pack and how it can benefit your business.
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Let Us Support Your Success

With every new release, NetSuite offers opportunities for businesses to improve their processes and achieve their goals. Let Novutech guide you in navigating these updates with ease and efficiency.