Key points from Netsuite 2022 Release 2
It has become a real challenge for many business owners to get their businesses back on track after suffering from pandemics in recent years. It’s necessary to give attention to specific things like Inventory management for high-margin items, minimizing human errors by using automation, and budget adjustment to control spending.
The recent Netsuite’s 2022 release 2 will help you bring back your business to its original state that overcomes many difficulties you would face including some of those mentioned above. This release has the following key points
1.Smart Count solution:
- As the name indicates Smart count, is specially designed for mobile devices that help to do accurate inventory counts. It has some features,
- The live-cycle-counting feature can be run without freezing transactions in the location
- Eliminate manual paper-based process
- Create lists of items needing to be counted, with predefined business rules and criteria
2. Item 360:
- The item 360 dashboard helps to simplify inventory planning and management using below of its features,
- easy-to-use interface
- consolidating NetSuite data in a single dashboard to show relevant KPIs, current transactions, stock levels, inventory counts by current location, and alerts in one place.
- Businesses can proactively address inventory and supply chain issues
3. Rebates and Trade Promotions:
- This new Rebates and Trade Promotions suiteapp helps in the management and execution of manufacturer rebates and trader promotions by automating accounting tasks. Some of the highlights are,
- Helpful in defining and accurately capturing terms like duration, discount method, transaction qualifications, stackability, and more.
- Creating and managing agreements is easy
- Automate the settlement and reconciliation process
- Multiple calculation methods are support
4.CRM Add-on:
- CRM Add-On provides enhanced sales force automation, marketing automation, and customer service management capabilities.
- New CRM dashboard helpful to improve your customer’s experience
- New roles and dashboards
- To better serve prospective and current customers, It provides professionals with access to NetSuite’s real-time lead and sales activity data
5. CRM Workbooks:
- Real-time forecasting and reporting introduced in new CRM Workbooks.
- Minimizes the risk of human error.
- Eliminate the time needed to design and prepare reports from spreadsheets
- This functionality is included with the CRM Add-On and features 10 pre-built SuiteAnalytics reports configured for sales performance metrics and KPIs
We at Tech i-Vin Technologies has helped many companies of different domain from all over the globe to implement and configure Netsuite System successfully as per their business need.