NetSuite 2024.2 is Here!
The latest NetSuite 2024.2 release is here, bringing a host of new features and improvements designed to enhance your business operations. Whether you're looking to streamline your financial processes, optimize your supply chain, or leverage cutting-edge analytics, this update has something for everyone. In this post, we’ll dive into some of the most exciting and relevant changes in the 2024.2 release, highlighting how they can help you unlock new levels of efficiency and insight within your organization. From enhanced automation tools to improved user experiences, discover how these updates can transform the way you use NetSuite.
Redwood Visual Design Update
Redwood Visual Design
Redwood is a new design system used by Oracle. It gives us a new look in the following areas: Login Page, Page Header, Home Dashboard, Form (Record) Page, and List Page.
For the time being this is an optional setting and is disabled by default. Just like theme colors, this is enabled at a user level.
Redwood Visual Design
Collapsible Field Groups on Record Pages
We will now have the ability to collapse field groups when viewing a record. This is independent of the Redwood Visual Design update and is enabled by default.
Collapsible Field Groups (Without Redwood)
Collapsible Field Groups (With Redwood)
Sticky List Headers
When viewing a list of records, the list header, including the View, Filters, and Action buttons will always be visible as the user scrolls on the list.
Sticky List Headers
Tax Liability Payment in SuiteTax
New Functionality
NetSuite will calculate your total tax liabilities to different tax authorities per nexus. You will be able to pay this liability off by using the new tax liability payment record.
Previously, you would have to review the tax report to find your total liability to pay to each tax authority and pay it off via check or journal entry.
This new functionality allows for a separate record for payment of tax liabilities which automatically shows up on bank reconciliation.
Navigation: Transactions > Bank > Tax Liability Payment
Subscription Billing
SuiteBilling
The new release includes:
Optional Subscription Plan and Price Book
Subscription plan and price book are no longer mandatory on the standard subscription form
Flexibility to allow subscription to be created with only add-on item lines
Will reduce the complexity of creating a subscription as well as the CSV import
Total Contract Value Metrics
New Total Contract vs. Sales Summary section for each subscription
These metrics have been exposed to SuiteAnalytics, REST, SuiteScript, and Saved Search
Total Contract Value Metrics
Pricing Details
On the charge and transaction lines a new field called Amount Detail has been exposed
Amount Detail will contain price plan details, quantity breakdown per tier, proration percentages, discount amounts, and delta charge
Pricing Detail Example
Prepaid with Drawdown
New service type to be added to subscriptions and subscription plans
Two frequencies - one time and auto-refill
WMS Enhancements
The 2024.2 release includes the following enhancements to WMS:
Auto Generate Lot Numbers SuiteApp
They have added the functionality of using the SuiteApp for work orders
BIN Replenishment schedule process has been added to WMS
This can be filtered with the use of saved search
Email notifications can be sent out in the case of success or failure
PO Receiving – Bar Code scanning for Bulk Serial Numbers
WMS can now scan bulk barcodes (a single barcode will contain multiple serial numbers in it)
PO Bulk Barcode
Wave Enhancements
They have added following fields: Created date, Release Date, Completed date
New ability to filter for 'Printed Pick Tickets' using the wave saved search
Cycle Count Plans On Mobile
Previously, for counting of lot items the total quantity screen was displayed first and then redirected to "enter lot" screen
In the new version, you can enter lot number and quantity on the same screen
Cycle Count - Ability to Generate, Start, and Complete counts (via Mobile)
Supply Planning Enhancements
There are two noteworthy new features in the Supply Planning workbench.
Filters for firm and unfirm order so you can schedule all firm orders
Addition of "Next" and "Previous" buttons in the grid view
Other updates:
MOQ can now be paired with any lot sizing option
Previously only available for Lot for Lot sizing method
Now available for all lot-sizing options
NetSuite extended the time horizon in the Item Demand Plans to three years (previously limited to one year)
Option on the Location record to enforce Work Day Calendars for Work Order and/or Purchase Order
Work Orders: Schedules default production start and end dates according to company's working days
Purchase Orders: Incorporates working days data into lead time and expected receipt date for purchased items
Improved error-reporting after the Supply Planning engine runs and experiences a failure
New enhancement offers link to saved search in event log so user can see what's causing the errors
Electronic Bank Payments Enhancements
Role-Based Approval Routing in Payment Batches
You can now set approval limits for roles instead of individual employees from the Company Bank Details page. The assigned role must have minimum permission of an EP Approver role.
New Filters on Electronic Payment Page
You can now use the new Amount From and Amount To fields on the Electronic Payments page to filter the required payments based on the payment amount.
A new Include All Credits box is added to filter and display all credit transactions regardless of the due dates entered in the due date filters
Batch Approval Reminder Emails
You can now send reminder emails to the approvers using the new Send Reminder button on the Bill Payment Batch and Global Bill Payment Batch pages for batches in Pending Approval status.
This will only send an Email to the Primary Approver, and no one else.
Electronic Payments Preferences to Override Vendor Payments Approval
Prior to 2024.2 EBP could not be used with the Vendor Payment Approval Routing Feature.
You can now use the new Override Vendor Payment Approval Routing box on the Electronic Payments Preferences page to override vendor payments approval settings on the Account Preferences page.
Tax Calculations for Discount Term Transactions
You can include or exclude tax amount when adding discounts on the total amount by using the Include Tax For Term Discounts box on the Accounting Preferences page.
Add Return Email Address to Receive Email Responses
You can now use the new Return Email Address and Custom Email Address fields on the Electronic Payments Preference page to add the required email address. This email address receives responses to email notifications sent.
Bill Capture
What is Bill Capture?
A module that uses optical character recognition (OCR) to capture POs that are uploaded via drag and drop or via email to automatically create bills.
Enhancements
Bill Capture Preference
New preference to allow automatic bill creation when a PO is linked or require manual review through the Review Scanned Bill page.
Scanned Vendor Bills Page Improvements
Can now upload more than 5 pages (30-page max limit)
Files failed to upload can be deleted with a new delete button at the line level.
Reviewed Scanned Bill Page Improvements
You can now delete uploaded files on Review Scanned Bill Page.
You can delete multiple item lines and expense lines.
All fields on the Review Scanned Bill page now support type-ahead functionality.
For linked POs, item description, units, and rate are now carried from the PO.
Improvements to subsidiary, vendor, and location mapping logic to improve accuracy.
Bill Capture: OCR
Advanced Revenue Management (ARM) in Configuration Mode
NetSuite now allows users with a live environment to configure ARM without disrupting day-to-day operations.
Previously, source transactions would immediately flow through the ARM module without the opportunity to configure. The new functionality allows you to continue using legacy revenue recognition while ARM is being configured.
How to set it up:
Step 1 - ARM (Essentials) is Provisioned
ARM in Configuration Mode is available but greyed out
Step 2 - ARM (Essentials) is Enabled
ARM in Configuration Mode is enabled automatically
Users can configure ARM related setup
Users cannot use ARM to recognize revenue
Step 3 - Users Complete ARM Configurations
User disables ARM in Configuration Mode
ARM (Essentials) is live
Source transactions flow through ARM
Additional Updates in NetSuite 2024.2
Account Setup and Maintenance
New Standard CRM Role comes with predefined permissions to manage sales, CPQ, marketing, support, and other CRM activities in NetSuite.
SuiteCloud SDK
Upgrade to OAuth 2.0 Authorization Protocol – This will invalidate your saved 1.0 TBA tokens and force you to reauthenticate using 2.0 tokens instead.
SuiteAnalytics
Upcoming Removal of the NetSuite.com Data Source – NetSuite recommends transitioning to the NetSuite2.com data source, because NetSuite.com will no longer be supported as of 2025.1
SuiteScript
Changes to External Suitelet URLs
Suitelets that are available without login have updated External URLs as of May 9, 2024
Scripts that call or redirect to a Suitelet, where the Suitelet URL is hardcoded will be affected
Changes to RESTlet Script and New N/scriptTypes/restlet Module
Any RESTlet script that does not have a defined HTTP request ContentType header will now have a default header of text/plain.
If you require any RESTlet scripts to have a return value in HTML format, you must update these scripts.
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