NetSuite Release 2023.1 Sneak Peek

NetSuite is currently in the process of rolling out the 2023.1 Release and to get the most out of your release, here is a 2023.1 Release Preview Guide and the NetSuite 2023.1 Release Notes that summarizes the changes between 2023.1 and the previous release. 

Some of the highlights of the new release include:

  • Accounting – Advanced Revenue Management period close checklist task enhancement, enhancements to carve in/carve out adjustment journal entries, expense committments and budget validantion enhancements, Brazil localization, country-specific reports hierarchical view of accounts, indirect cost allocation for Grants SuiteApp, country specific address forms enhancement
  • Account Setup and Maintenance – personal information removal enhancement for addresses, storage info tab removed from Account Center, rescheduling support for sandbox upgrades and development account moves to OCI, subscribe to a specific data center from the NetSuite status page, scheduled scripts no longer run automatically in sandbox after a refresh.
  • Authentication – end of support for HMAC-SHA1 signature method for TBA, end of support for new SMS/Voice Call setup for two-factor authentication (2FA).
  • Inventory Management –  enhancements to Warehouse Management, SCM mobile, smart count, Item 360 Dashboard.
  • Manufacturing – mobile stand alone assembly build reporting.

 Many more enhancements to:

  • Order Management
  • Projects
  • SuiteAnalytics
  • SuiteApp Distribution
  • SuiteBuilder – Customization
  • SuiteCloud SDK
  • SuiteScript
  • SuiteTalk Web Services Integration
  • Taxation
  • User Interface
  • Commerce
  • SuiteApps

Contact the GYF ERP Solutions Group to learn more about this new release or any of the other NetSuite ERP solutions.

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