In the modern business landscape, integrating artificial intelligence (AI) into ERP systems like NetSuite is a game-changer. NetSuite’s AI-driven updates enhance operational efficiency, streamline processes, and empower smarter decision-making. Key features include: Predictive Insights: AI analyzes data to deliver accurate forecasts, enabling proactive decision-making. Automated Financial Management: Streamlined reconciliations and anomaly detection ensure precision and… Continue reading AI-Driven NetSuite Updates: Revolutionizing Business Operations
Author: Aswathy S Vijayan
4 ways NetSuite ARM is changing revenue recognition
Managing finances and staying compliant with ever-changing ASC 606 regulations can be overwhelming, especially during business volatility. Accurate revenue recognition is essential to safeguard your business and ensure financial security. NetSuite’s Advanced Revenue Management (ARM) module streamlines compliance and revenue recognition, allowing you to: Recognize revenue at fixed or variable intervals effortlessly. Adapt to ASC 606 requirements… Continue reading 4 ways NetSuite ARM is changing revenue recognition
What is SCM Mobile App
Mobile Configuration allows you to adjust the settings of standard mobile processes within an SCM mobile app, enabling you to tailor page elements, modify the preconfigured actions of button elements, and make other adjustments to meet your specific app requirements. Unlike Mobile Customization, Mobile Configuration does not require cloning a mobile process to make changes.… Continue reading What is SCM Mobile App
How to install Smart Count SuiteApp
The Smart Count SuiteApp is a paid SuiteApp. It is also a managed SuiteApp that automatically updates for enhancements and new features. Follow the steps to install the SuiteApp from the SuiteApp Marketplace using the Administrator role. Before you install the Smart Count SuiteApp, contact your NetSuite account manager for provisioning the Smart Count Foundation… Continue reading How to install Smart Count SuiteApp
Smart Count: NetSuite New Feature
Smart Count in NetSuite is an inventory management tool designed to streamline and automate the inventory counting process. It enables businesses to perform real-time cycle counts without halting inventory-related transactions, allowing operations to continue smoothly. Available to users of NetSuite’s Inventory Management or Warehouse Management (WMS) modules, Smart Count reduces the need for manual counting,… Continue reading Smart Count: NetSuite New Feature
Key Features and Benfits of ARM (Advanced Revenue Management)
Key Features of Advanced Revenue Management: Automated Revenue Recognition: ARM automatically recognizes revenue over time based on predefined rules, reducing manual adjustments and ensuring accurate financial reporting. Revenue Allocation: The module enables automated revenue allocation across multiple performance obligations, a key requirement under standards like ASC 606. Flexible Revenue Forecasting: ARM provides revenue forecasting capabilities… Continue reading Key Features and Benfits of ARM (Advanced Revenue Management)
Functional Weaknesses of Microsoft Dynamics 365 Business Central Versus NetSuite
Reporting Limitations: Microsoft Dynamics 365 Business Central has limited reporting capabilities compared to NetSuite, especially when it comes to pre-built report filters, data slicing and dicing, and transaction-level drill-down. While Microsoft provides Power BI as a reporting tool, it usually requires external setup by a partner, increasing time and cost. Multi-Country Solution Constraints: Business Central… Continue reading Functional Weaknesses of Microsoft Dynamics 365 Business Central Versus NetSuite
How To Schedule Email on a Saved Search:
Go to Lists > Searches > Saved Searches. Select the desired saved search you want to schedule email on and click Edit. On the saved search page, click on Email subtab. On the email subtab, click the Send Emails According to Schedule checkbox. Note: After checking the box, the system will automatically enable both the ‘Summarize Scheduled Emails’ and ‘Send If No Results’ options by default.… Continue reading How To Schedule Email on a Saved Search:
Functional Advantages of SAP Business One (SAP B1) vs. NetSuite
Advanced Manufacturing Capabilities SAP B1 offers deeper core functionality in manufacturing, with enhanced tools for demand planning, engineer-to-order (ETO), and material requirements planning (MRP), supporting more complex manufacturing requirements. Enhanced Inventory Management Provides more advanced inventory functionality, including options for inventory allocation, which can improve inventory efficiency and stock management. Built-In Human Capital Management (HCM)… Continue reading Functional Advantages of SAP Business One (SAP B1) vs. NetSuite
Customer Saved Search for Yearly Comparison of Sales Orders
1) Navigate to Reports > Saved Searches > All Saved Searches > New 2) Click on the Customers link 3) Criteria tab > Standard sub tab > set the following Filters with their corresponding Description: — Transaction:Type | is Sales Order — Transaction:Date | is on or after 11/20/2022 4) Results tab > Columns sub tab> set… Continue reading Customer Saved Search for Yearly Comparison of Sales Orders