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SuiteAnalytics Workbook is a fully configurable workbook that incorporate datasets, tables, pivot tables, and charts in a single tool that takes advantage of the new analytics data source. Reporting and analytics are arguably two of the most important aspects of any good ERP solution. Getting crucial, meaningful business data easier and faster is more important than ever and NetSuite have addressed this need with Workbook, a new feature built into SuiteAnalytics. It is a easy to use toolkit that can create, analyze and share your business data. SuiteAnalytics Workbook makes it possible to explore and visualize data [...]

A meaningful dashboard is one that is success orientated NetSuite, through Custom KPI’s, allows individual users to personalize their dashboards, providing them with focused, role based and performance driven metrics. By default, NetSuite already offers some really cool standard KPIs such as Bank Balance, COGS, Credit Card Balance, Deferred Revenue, Equity, Expenses, Forecast, Income, Inventory, Net Cash Flow, Profit just to name a few. Furthermore, with SuiteSuccess, users already have some beautiful KPI Scorecards already configured for them as of day one. If ever you want to know how to create a KPI from scratch, keep reading [...]

Dunning made simple through The Dunning Letters SuiteApp within NetSuite. Dunning is the process of communicating with customers to ensure the collection of accounts receivable, and because laws in each country regulate the means by which dunning can occur, it is important to have a flexible all-encompassing process in place. The Dunning Letters SuiteApp within NetSuite provides you with the control of either Customer Level Dunning, Invoice Level Dunning, or Invoice Group level Dunning and includes both manual and automated sending of dunning letters. Dunning can be paused for a customer to allow additional time for payment [...]

Feature rich functionality, designed to make your work day less complicated. The Expense Allocation feature on NetSuite enables you to account for fixed expenses without having to split them among individual departments or locations in advance of incurring the expenses. Later, you can transfer expenses into different accounts and assign the expenses to specific departments, classes, or locations and custom segments, saving you the time required to enter complex journal entries. Expense allocation is managed by allocation schedules. You set up allocation schedules to allocate, or transfer, balances from expense accounts into one or more other accounts. [...]

The A to Z of Amortization made easy in NetSuite Amortization is an accounting technique used to periodically lower the book value of a loan or an intangible asset over a set period. Concerning a loan, amortization focuses on spreading out loan payments over time. When applied to an asset, amortization is similar to depreciation. When a NetSuite user enters a purchase transaction, an amortization schedule is generated to recognize expenses based on the template associated with the item or transaction. The schedule enables you to post the appropriate journal entries to the general ledger to record expenses [...]

Is project cost management out of control? With NetSuite 2021 Release 2 we have seen NetSuite focus on enhancements that optimise efficiencies and increase automations, allowing businesses like yours to streamline your operations even further. A new addition to the SuiteApp Marketplace is Purchase to Project, a new feature that allows users, especially project managers, to create purchase transactions that are related to projects and project tasks. Expenses related to projects can then easily be tracked and controlled. Having visibility over expenses and purchases related to projects and linked project tasks is important for any project manager to [...]

You have the right to be forgotten The right to be forgotten (RTBF) is the right individuals have, in some circumstances, to have their personal information removed from Internet searches and other directories. It is a right adopted in many jurisdictions and is one of the key requirements in recent privacy laws. NetSuite PI Removal helps businesses like yours to address privacy regulations related to data subject requests. The feature enables NetSuite users with the applicable permissions to remove personal information from NetSuite fields, records, and audit logs. Administrators can use PI Removal to replace the data [...]

How Steltix can help you scale with systems and processes instead of people If you are in the market for an ERP system, chances are you are a little overwhelmed with the choices available and the decisions that need to be made. Steltix is more than an implementation partner, we are also a trusted advisor and can help you in your decision making – offering unbiased advice on what is best for your business. The first big decision we can help you address is “What is the difference between on-premise ERP and Cloud ERP, and which is [...]

SuiteProjects is a Professional Services Automation (PSA) solution natively built on NetSuite As a professional services company ourselves, we are well versed on the challenges you face and share in your frustrations. That's why we use NetSuite SuiteProjects to manage our projects, and are confident enough to advise you to do the same.  Now more than ever, professional service businesses require an ERP that focuses on more than just their short term goals, they need an ERP solution that can help them look ahead and achieve those long term goals too. With SuiteProjects, a Professional Services Automation [...]

The wait is over! The highly anticipated Lot Auto Numbering SuiteApp is here! The Lot Auto Numbering SuiteApp enables you to define a lot numbering format and select items that require lot auto numbering. You can also configure additional lot information such as supplier lot number and manufactured date, and maintain this information in the inventory detail. The following Steltix Tutorial highlights some of the key functionality of this new feature. If you would like to learn more about the Lot Auto Numbering SuiteApp, or anything else about [...]