FinanSysFinanSys
Contact Us
  • About
    • About FinanSys
    • Meet the Team
    • Who Trusts Us
    • Partners, Accreditations & Memberships
    • Careers
    • Privacy Policy
  • Solutions
    • Sunsystems Solutions
      • SunSystems Financials
      • SunSystems Cloud
      • Query & Analysis Reporting
      • Sharperlight Reporting
      • Process Automation for SunSystems
      • Bank Payments
      • Making Tax Digital
      • Finansys Cloud
      • Spindle Document Delivery
      • Infor d/EPM
    • Netsuite Solutions
      • Oracle NetSuite Business Management Solutions
      • Financial Management Software
      • Professional Services Automation
      • NetSuite eCommerce Solutions
      • Cloud-based Customer Relationship Management Solutions
  • Services
    • SunSystems Services
      • SunSystems Training
      • Professional Services
      • SunSystems Support
      • FinanSys Cloud Support
      • Integration – Infor Sunsystems
      • SunSystems Project Calendar Timeline
    • NetSuite Services
      • NetSuite Professional Services
      • NetSuite Support
      • Oracle NetSuite Integration
      • NetSuite Project Calendar Timeline
  • Enhancements
    • Overview
    • Purchasing
    • Sales
    • Financial Accounting
    • Reporting
    • Human Resources
    • Compliance
    • Optical Character Recognition
  • Sectors
    • Energy, Oil & Gas
    • Financial Services
    • Hospitality
    • Insurance
    • Not-for-Profits
    • Professional Services
    • Property Management
      • Housing Associations
    • Retail
    • Software & Technology
    • Wholesale Distribution
  • Resources
    • Case Studies
    • Brochures
      • FinanSys Brochures
      • SunSystems Brochures
      • NetSuite Brochures
    • Videos
      • SunSystems Videos
      • NetSuite Videos
      • Thinking about a new accounting system?
    • Webinars
    • News and Blog
    • SunSystems Training Manuals
    • Subscribe to our mailing list
    • FAQs
  • Customer Area
  • Contact
  • About
    • About FinanSys
    • Meet the Team
    • Who Trusts Us
    • Partners, Accreditations & Memberships
    • Careers
    • Privacy Policy
  • Solutions
    • Sunsystems Solutions
      • SunSystems Financials
      • SunSystems Cloud
      • Query & Analysis Reporting
      • Sharperlight Reporting
      • Process Automation for SunSystems
      • Bank Payments
      • Making Tax Digital
      • Finansys Cloud
      • Spindle Document Delivery
      • Infor d/EPM
    • Netsuite Solutions
      • Oracle NetSuite Business Management Solutions
      • Financial Management Software
      • Professional Services Automation
      • NetSuite eCommerce Solutions
      • Cloud-based Customer Relationship Management Solutions
  • Services
    • SunSystems Services
      • SunSystems Training
      • Professional Services
      • SunSystems Support
      • FinanSys Cloud Support
      • Integration – Infor Sunsystems
      • SunSystems Project Calendar Timeline
    • NetSuite Services
      • NetSuite Professional Services
      • NetSuite Support
      • Oracle NetSuite Integration
      • NetSuite Project Calendar Timeline
  • Enhancements
    • Overview
    • Purchasing
    • Sales
    • Financial Accounting
    • Reporting
    • Human Resources
    • Compliance
    • Optical Character Recognition
  • Sectors
    • Energy, Oil & Gas
    • Financial Services
    • Hospitality
    • Insurance
    • Not-for-Profits
    • Professional Services
    • Property Management
      • Housing Associations
    • Retail
    • Software & Technology
    • Wholesale Distribution
  • Resources
    • Case Studies
    • Brochures
      • FinanSys Brochures
      • SunSystems Brochures
      • NetSuite Brochures
    • Videos
      • SunSystems Videos
      • NetSuite Videos
      • Thinking about a new accounting system?
    • Webinars
    • News and Blog
    • SunSystems Training Manuals
    • Subscribe to our mailing list
    • FAQs
  • Customer Area
  • Contact

A Sneak Peek at NetSuite 2021 Release 1

A Sneak Peek at NetSuite 2021 Release 1

    NetSuite is set to start rolling out its 2021 Release 1 update. Sneak Peeks recently went live on the official NetSuite website for the industries that NetSuite primarily supports — manufacturers, retailers, wholesale distributors, nonprofits, software companies, and services firms.

    NetSuite customers don’t need to do anything as NetSuite is cloud-based and new updates are automatically rolled out to all customers as part of the paid subscription.

    The first phase of the update would likely be rolled out to users in the middle of February 2021 and the final phase in the middle of April 2021 as customers will be updated in phases.

    New Capabilities and Features in NetSuite 2021.1


    Here are some highlights of what is included in NetSuite 2021 Release 1:

    New and Enhanced Functionality to Streamline Financials and Automate Operational Processes

    Some of the new financial functionality include centralised subsidiary purchasing, billing consolidating purchases across multi-subsidiary organisations, and the ability to generate vendor payments from a single place.

    NetSuite 2021.1 also comes with expense commitments and budget validation plus more flexible and quicker transaction approvals. Also available is the ability to automatically create and post transactions directly from imported bank data. This can significantly increase efficiency while simplifying tedious reconciliation tasks.

    The Debut of the all-new SuiteProjects

    NetSuite 2021 Release 1 comes with the introduction of SuiteProjects, a Professional Services Automation (PSA) solution natively built on NetSuite. It is designed to improve resource utilisation, elevate on-time project delivery, expedite billing cycles, enhance invoicing accuracy, streamline revenue recognition, reduce overhead, and increase visibility into your services business.

    SuiteProjects provides project managers with increased visibility and enhanced automation functionality with the ability to initiate purchases directly from projects. Expense report policies can as well be expanded to set limits for each expense line in a project.

    You can combine SuiteProjects with NetSuite CRM, financials, and SuitePeople to create the finishing touch on a comprehensive single platform for running a services business.

    There’s also a button that allows employees to easily correct weekly timesheets before they’re approved, saving time for employees, approvers, and administrators alike.

    Automated Inventory Management

    NetSuite 2021.1 brings the NetSuite Pack Station, a new touchscreen packing solution that can be used to consolidate shipments, pack multiple cartons at the same time, manage multi-level packing, and scan weights from scales. With this, an extra layer of verification is ensured before orders are shipped.

    The update also comes with channel allocation and reservation functionality which enables order allocation by channel and allows users to enter inventory reservations in advance of the sales order.

    Additionally, there are new enhancements to the Warehouse Management System (WMS). Also, with the new supply allocation against blanket PO feature, location assignments are now based on the earliest availability and required-by date.

    Improved Analytics and Updated Platform

    New application performance management (APM) dashboards are introduced to help monitor and analyse the health of REST web services-based integrations. With the introduction of new internationalisation and localisation tools and processes, NetSuite 2021.1 makes it possible for the user and administrator experience to feel local for global businesses no matter the country where they operate. In fact, there’s now native language support for SuiteAnalytics workbooks.

    SuiteScript APIs have been significantly enhanced. It now supports developers working with larger data sets by virtue of asynchronous coding techniques.

    To learn more about the new release, you can see more details here. Otherwise, contact us as a certified NetSuite Solution Provider if you need help with NetSuite.

    If you have any questions or would like to talk to a Netsuite expert, then get in touch with us today.

    Get in Touch
    Alt Text

    Related Posts:

    • Sneak Peek: What's New in NetSuite 2023 Release 1?
    • What are the benefits of a NetSuite Partner over going direct or…
    • How to Easily Access NetSuite Support
    • NetSuite Implementation: 7 Essential Things to Know Before You Get Started
    • How Much Does NetSuite Cost?
    • NetSuite for Financial Services: How to Improve Efficiency and Reduce Costs
     
    Categories
    Recent Posts
    • FinanSys25 Event Recap: Highlights from the Day
    • How to Automate Finance Processes
    • Why Finance Teams in Oil & Gas Need a Seat at the Asset Management Table
    • How Finance Teams Can Unlock the True Cost of Underperforming Assets 
    • How to Break Free from Legacy Systems as an Oil and Gas Company
    Categories
    • Accounting
    • Accounting Software
    • Asset Management
    • Automation
    • Business Management
    • Business Process Automation
    • Business Process Management
    • Case Studies and Research
    • CFOs
    • Cloud
    • Cost Reduction
    • Customer Relationship Management
    • Data Management
    • Digital Transformation
    • Enterprise Resource Planning
    • Expense Management
    • Financial Analysis
    • Financial Management
    • Financial Reporting
    • FinanSys
    • General
    • Implementation
    • Infor Q&A
    • Integration
    • MTD
    • Multicurrency & Multicompany
    • NetSuite
    • Productivity
    • Project Management
    • Reporting
    • Software Update
    • SunSystems
    • SunSystems Cloud
    • Team Management
    • Time Management
    • Training
    • Uncategorised
    • UniFi
    • Workflow

    30 Bite-Sized Tips for a Successful NetSuite Implementation

    Previous thumb

    Choosing Your ERP Software: Is NetSuite Right for Your Business?

    Next thumb
    Scroll

    FinanSys Solutions Ltd

    Address: FinanSys Solutions Ltd. Office One, 1 Coldbath Square, Farringdon, London, EC1R 5HL
    Phone: +44 (20) 7456 9833
    Email: info@FinanSys.com

    Privacy & Cookie Policy

    Terms of Use

    Copyright © 2025 FinanSys Solutions Ltd. All Rights Reserved

    Recent Posts
    • FinanSys25 Event Recap: Highlights from the Day
    • How to Automate Finance Processes
    • Why Finance Teams in Oil & Gas Need a Seat at the Asset Management Table
    Useful Links

    Events & Webinars

    Customer Login

    News & Blog

    Finansys ISO 27001 and SOC 2
    • Home
    • About
      • About FinanSys
      • Meet the Team
      • Who Trusts Us
      • Partners, Accreditations & Memberships
      • Careers
      • Privacy Policy
    • Solutions
      • Sunsystems Solutions
        • SunSystems Financials
        • SunSystems Cloud
        • Query & Analysis Reporting
        • Sharperlight Reporting
        • Process Automation for SunSystems
        • Bank Payments
        • Making Tax Digital
        • Finansys Cloud
        • Spindle Document Delivery
        • Infor d/EPM
      • Netsuite Solutions
        • Oracle NetSuite Business Management Solutions
        • Financial Management Software
        • Professional Services Automation
        • NetSuite eCommerce Solutions
        • Cloud-based Customer Relationship Management Solutions
    • Services
      • SunSystems Services
        • SunSystems Training
        • Professional Services
        • SunSystems Support
        • FinanSys Cloud Support
        • Integration – Infor Sunsystems
        • SunSystems Project Calendar Timeline
      • NetSuite Services
        • NetSuite Professional Services
        • NetSuite Support
        • Oracle NetSuite Integration
        • NetSuite Project Calendar Timeline
    • Enhancements
      • Overview
      • Purchasing
      • Sales
      • Financial Accounting
      • Reporting
      • Human Resources
      • Compliance
      • Optical Character Recognition
    • Sectors
      • Energy, Oil & Gas
      • Financial Services
      • Hospitality
      • Insurance
      • Not-for-Profits
      • Professional Services
      • Property Management
        • Housing Associations
      • Retail
      • Software & Technology
      • Wholesale Distribution
    • Resources
      • Case Studies
      • Brochures
        • FinanSys Brochures
        • SunSystems Brochures
        • NetSuite Brochures
      • Videos
        • SunSystems Videos
        • NetSuite Videos
        • Thinking about a new accounting system?
      • Webinars
      • News and Blog
      • SunSystems Training Manuals
      • Subscribe to our mailing list
      • FAQs
    • Customer Area
    • Contact