In-Depth Analysis of Oracle NetSuite 2024.2 Version Update: What Practical Experiences Does the New Version Bring?

Outstanding products are always making progress. Because of this, Oracle NetSuite has always been committed to providing customers with more advanced and powerful enterprise management solutions. Recently, Oracle NetSuite released version 2024.2, which not only continues the consistent technological roadmap but also brings substantial improvements in security, front-end technology, and artificial intelligence. In this article, Hitpoint Cloud will delve into the features of this latest version, demonstrating how it helps customers optimize workflow processes and achieve more efficient and smoother operational experiences.

Part 1: Overview of Major Functional Updates
1. SaaS Core Updates (including ERP, CRM core modules, mobile, and official core SuiteApps)
   - Steady advancement in supply chain planning improvements, mostly automatic planning combined with manual adjustments.
   - Manufacturing module updates are mostly related to work order scheduling.
   - Updates to the Manufacturing app (mobile), adding practical features.
   - Minor improvements to WMS and SCM mobile apps.
   - Minor updates to quality inspection and its mobile app.
   - Significant updates to Ship Central, with updates to both packing and shipping processes.
   - Practical improvements to Smart Count SuiteApp (a specialized SuiteApp for complex inventory scenarios, with a separate purchase and mobile capabilities).
   - Enhanced practical features in Bill Capture, increasing its value in overseas markets, now supporting the scanning of multiple supplier invoices.
   - Major updates to Advance Revenue Management (ARM) and SuiteBilling, especially supporting prepaid models.
   - Minor updates to CRM, continuing to expand the integration advantages between NetSuite ERP and CRM.
   - Updates to Banking features.
   - Important new functionalities for month-end closing in finance.
   - Significant user-friendly updates to SuiteAnalytic, with the ability to export Pivot Tables directly to Excel.
   - Basic functionality improvements to Electronic Invoicing to provide broader support for electronic invoices globally.
   - Posting rules and data compliance improvements in SuitePeople, specifically for the United States.
   - A series of improvements to SuitePeople and its mobile workforce management to enhance functions related to labor hours and timekeeping.

2. Official SuiteApps and Localization SuiteApps Updates
   - Cost Variance Analysis for production cost variance analysis.
   - Significant updates to the Rebates and Trade Promotions SuiteApp within the Wholesales & Distribution SuiteApp, which is a core update for rebate calculations and applications.
   - Benchmark360 industry benchmarking, an official SuiteApp worth noting, compares key metrics with other companies in the same industry. Data is sourced from the American Productivity & Quality Center (APQC) and supports data from four global regions and dozens of industries.
   - SuiteApproval updates, resolving the major issue of "abnormal approval status that is difficult to correct," marking SuiteApproval's maturity.
   - Compliance 360 SuiteApp, an official SuiteApp that provides a record of all user operations over the past 12 months.
   - Transaction Line Distribution simplifies the cost allocation process across companies for billing.
   - Advanced Localization Features (Bundle) adds several printing enhancements to assist with document printing.
   - Localization updates for Brazil, India, Malaysia, Australia, Spain, ANZ, and Portugal, including support for SPED in Brazil, updates to a large number of reports in India Tax, the release of the Malaysian electronic invoicing SuiteApp, and improvements to bank integration in Australia.

3. Account Management Updates
   - Introduction of two types of limited access users: CRM Role and View and Approve Role, which have separate user authorization counts and can only access CRM functions and view and approve transactions, respectively.
   - Changes to the system setup method for WMS limited access users, with the introduction of a new dedicated role.

4. UI/UX Experience Updates
   - The new UI Redwood, featuring a completely new design language.
   - An increase in the number of UI areas that can be collapsed and expanded.

5. Technical Updates
   - Improvements to AI Text (currently available in English for the US and Canada).
   - ExtJS will be discontinued in the 2025.1 version, leading to significant improvements in front-end performance.
   - New record types and operations supported by SuiteScript.
   - Key updates to SuiteScript.
   - SuiteTalk REST Web Service now supports more record types, with REST Web Service nearing completion and offering new integration options.
   - The gradual phase-out of the SuiteAnalytic Connector's NetSuite.com data source.
   - Starting from the 2025.1 version, NetSuite will no longer be able to act as an SSO initiator.
   - Enhanced integration security.
   - Regular updates to multiple IDE CLIs, as well as updates to the node.js CLI.
   - Regular updates to the SuiteCommerce platform.
   - Routine updates and endpoint updates to SuiteTalk SOAP WebService.

Part 2: Empowerment and Upgrade
NetSuite's latest version includes numerous functional optimizations aimed at creating a more efficient and practical cloud ERP solution, significantly enhancing the user experience. Hitpoint Cloud is committed to leveraging these innovations to provide high-standard professional services, ensuring that our clients not only achieve success in their digital transformation journey but also realize sustained business growth and development.