How Oracle NetSuite 2019 Release 2 impacts Business 

Oracle NetSuite will be rolling out two major upgrades this year to enhance functionalities and capabilities. With NetSuite 2019 Release, you will get powerful new financial and human capital management capabilities to refine processes that will eventually have a greater impact on your business. Furthermore, Oracle NetSuite Release 2019 also offers enhanced analytics alongside developer tools and a wide array of industry-specific features. 

Some of the highlights of Oracle NetSuite 2019 Release 2 

Optimize Resource Allocation: – Oracle NetSuite Release 2 offers project management enhancements tools to managers to ensure increased visibility, control and efficiency. With release 2, organizations can monitor profitability through Work Breakdown Structure (WBS) that displays costs and revenue in customizable time periods. With all these improvements, users can easily analyze project budgets to make more informed decisions that will eventually improve project outcomes.

SuiteCloud Enhancements: – This enhancement will enable organizations to make use of a wide range of solutions such as SuiteTalk for extensible cloud integration, SuiteFlow for workflow process customization and SuiteAnalytics for business intelligence. With access to REST web services and SOAP services, NetSuite data can easily be integrated to the external systems. SuiteCloud Development Framework (SDF) extensions will offer updated object support for address forms and custom transaction fields. Furthermore, these extensions simplify deployment of SuiteAnalytics workbooks and datasets to NetSuite accounts. With SuiteAnalytics workbooks organizations can leverage data to explore opportunities as well as potential issues. 

Global Financials: – Localization and internationalization enhancements make it easier to deploy language-specific localizations to NetSuite accounts and translate applications using a localization workflow optimized for international customers. New improvements not only streamline bank reconciliation with advanced data import features but also improve multi-subsidiary management and accounting.

Mobile Enhancements: – With mobility enhancements, iPhone users of NetSuite can capture time and expense offline even when they are not connected. The app will sync all the information, once connected. With dashboard call log, users can track incoming and outgoing business calls while password resetting has also been added for forgotten passwords. 

Industry-Specific Enhancements: – With the specific wave release process, paperless picking and an intuitive mobile interface, NetSuite Warehouse Management will enable wholesale distributors and manufacturers to increase productivity. By optimizing current and future inventory assets for customer orders, NetSuite will help in enhancing customers’ service levels. Supply Chain Control Tower upgrades will deliver unparalleled visibility, enabling manufacturers and wholesale distributors to avoid problems in their supply chains through predicted risks and recommended actions. 

HCM Improvements: – New human capital management capabilities enable HR decision-makers to better understand employee tenure by quickly viewing key milestones and timelines. They can easily manage hourly time-off accruals, including audit trails for how accruals are earned.