NetSuite 23.1 Release: What You Need to Know

The latest NetSuite release has arrived, suggesting automation will steer its users into a world of fresh opportunity, with marketing, indexation, and rebate now powered-up through perceptive machine learning.

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Here’s a full breakdown of who benefits and why…

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Sales & E-Commerce teams

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Commerce & Sales - Unified Commerce

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Get the most from customers with intuitive upsells and cross-sells, fuelled by products they’re most likely to buy.

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Collated through purchase history, previous transactions, complementary items, and best sellers - use this to power up your pipeline, enabling pertinent opportunities, estimates, and sales orders.  

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The new “Intelligent Recommendations” button brings AI to your site and sales team’s hands.

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It’s a cross-sell weapon!

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Billing clerks and administrators

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Suite Billing - Indexation Uplifts

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Automatically increased revenue growth from each subscription renewal, using tailored set-ups and preferences for your specific business requirements.

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In simple terms - no more spreadsheets for price changes!

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Project managers

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Suite Projects - Automated Charges

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Focus only on statuses that require your immediate attention, and see precisely what’s being overridden for astute decision making during midnight runs.

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This is a project manager’s dream!

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No need for manual charge logging - get the system to forecast them for you.

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Finance & Accounts Receivable teams

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Financials - Rebate and Trade Promo’s

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Remove manual processes, and start automating the potential of your company’s revenue.

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You can now create rebate and trade promotions inside native NetSuite, and build them into your transactions to automate their impact - Handy!

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IT & Operations teams

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Analytics Warehouse

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NetSuite have released some new transaction types for their Analytics Warehouse, such as Support Issues and Support Cases. The solution brings pre-built KPI’s, dashboards, reports, data pipelines, models, and security framework, achieving 6x faster time to value compared to DIY.  

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More info here: https://www.netsuite.com/portal/products/analytics/data-warehouse.shtml

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Speak with a member of our team for more insight, and discover how Workiro’s powerful NetSuite integration can further harmonise these brand new features alongside your existing set-up.