NetSuite Release 2022.2

Greater Inventory Management and Visibility 

Under NetSuite’s 2022 Release 2 is the NetSuite Smart Count solution & the Item 360 dashboard.

Smart Count is designed for mobile devices and will help your team do accurate inventory counts while minimizing the impact on sales and store operations. You will be able to eliminate manual, paper-based processes and reduce excess labor costs for after-hours cycle counts.

This automated, live-cycle-counting feature can be run without freezing transactions in the location, so your customers are not inconvenienced. Smart Count also makes it possible for businesses to create lists of items needing to be counted, with predefined business rules and criteria. Smart Count can be set to automatically trigger a count to check accuracy of bins if they fall below a set reorder point, for example, guaranteeing that orders are placed only when inventory levels are truly low.

In addition, with Item 360, your business can proactively address inventory and supply chain issues that consume employee resources and hurt your bottom line.  The new dashboard simplifies inventory planning and management. Its easy-to-use interface provides visibility into all information related to the current status of an item, in a central location. It consolidates all NetSuite data in a single dashboard to show relevant KPIs, current transactions, stock levels, inventory counts by current location and alerts in one place.

Smart Financials and Budgeting to Boost Profits

The release of the new Rebates and Trade Promotions SuiteApp enables you to minimize manual accounting tasks by automating and centralizing the management and execution of manufacturer rebates and trade promotions. This SuiteApp automatically and accurately applies rebates and trade promotions to all valid transactions and centralizes and automates the creation, execution, accrual and reconciliation of vendor and customer rebate programs.

NetSuite will automatically calculate rebate amounts by combining stackable promotions or, where codes are non-stackable, selecting the optimal deal for each order so customers are assured they’re getting the best price. Netsuite will also automate the settlement and reconciliation process. Multiple calculation methods are supported, including flat amount, fixed cost and guaranteed profit, and you’ll find several cost-basis options.

Finally, companies can use improved financial reporting and analysis capabilities to track estimated or proforma claims and disbursements, to better account for returns and other deductions when issuing final payments.

New CRM Dashboards, Roles and Reports to Improve Your Customer’s Experience

The new CRM Add-On provides enhanced sales force automation, marketing automation and customer service management capabilities. The add-on features new roles and dashboards for sales reps, sales managers and marketing and customer service teams, providing them with access to NetSuite’s real-time lead and sales activity data.

Additionally, the new CRM Workbooks enhances visibility into lead and sales activity with real-time forecasting and reporting introduced in new. This functionality is included with the CRM Add-On and features 10 pre-built SuiteAnalytics reports

This overview only scratches the surfaces. For further details on Netsuites 2022 Release 2 or for your hands-on preview, please contact your Jcurve Solutions Account Manager.



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