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NETSUITE UPDATE 20.2 RELEASED Featured

Oracle NetSuite has introduced a wide range of features this week in Release 20.2. These include automated financials and cash management, the first enhancement in the list addressed by EVP Evan Goldberg.

Goldberg spoke on a webcast “NetSuite Now on Air”,  which is designed to substitute for the company’s SuiteWorld conference this year and which is running through October 30. Goldberg noted the system can group invoices and streamline netting for organizations with multiple subsidiaries. “A lot of year-end close are reconciling those activities Intercompany automation," he said. Release 20.2 also features global bank integration. “It connects banks around the world and automatically creates transactions,” Goldberg said. Things will be reconcile automatically. The system will recognize how they should be categorized.” The company has rearchitected the supply planning engine, which now offers automated fulfillment capabilities, and new features for material requirements planning, along with a dedicated repository for monitoring, releasing and reviewing orders. “It takes all the data from supply planning rules and demand and puts it into an optimized supply planning repository,” Goldberg said. The system also introduces intelligent predicted risk, which utilizes machine learning to analyze the risks of not shipping goods on time. For project management professionals, expense management automation populates expense lines directly from American Express corporate credit cards, while resource planning enhancements provide a unified view of project budgeting and assignments. NetSuite drew upon the Oracle Analytics Cloud and Autonomous Data Warehouse through an integration that enables its SuiteAnalytics by to aggregate multiple sources of data and leverage interactive visualizations and providing predictive analytics. Administrators can take advantage of new pivot tables and advanced visualization

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