Oracle NetSuite has issued Release 1 of its cloud suite this month. The press release discussed many new features although it did not treat any as headliners.

On the cash management side, new features include the Bank Feeds SuiteApp, which can link bank and credit card accounts and automatically import transactions and account balances from financial institutions directly into NetSuite. The new Bank Connectivity API enables developers to build plugins to NetSuite to connect to banks, along with an intelligent rules engine for automated bank data reconciliation. Another addition, SuitePeople HR, provides insights into salary and experience data while a bonus dispersal and pay feature can set up bonus types and targets, track historical payouts and enter current/future bonuses that will flow to SuitePeople U.S Payroll. Bulk employee record updates can be made to reflect changes from review cycles or changes resulting from department re-orgs. Users can now create an offboarding plan and set tasks to be due for assignees based on the exiting employees’ scheduled termination date. Also, the new SuitePeople Planning and Budgeting SuiteApp helps CFOs forecast growth with up-to-date employee data from SuitePeople HR. Additionally, the Supply Chain Control Tower now provides intelligent predictions and simulations on transfer order risks and recommended actions and the new SuiteAnalytics Supply Chain Workbook provides a way to efficiently analyze supply chain imbalances. There are improved tools and smarter analytics simplify management of project budgets, automated cost calculations and new time modification enhancements.

Last modified on Thursday, 30 January 2020
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