Resources
Explore the latest activities around Novutech, Netsuite, ERP and business.
VAT Cash Accounting Scheme Novutech Custom Solution
NetSuite articles
September 10 2020
Background Many of our customers are located in countries where VAT can be calculated either based on cash accounting or based on accrual accounting depending on local regulations, especially in France. With the cash accounting method, VAT is calculated when the actual payment is made to the vendor or received from the customer, whereas the … Continued
Oracle NetSuite a Leader Again in Gartner’s 2019 Magic Quadrant for Cloud Core Financial Management Systems for Midsize, Large and Global Enterprises
NetSuite articles
September 07 2020
Posted by Paul Farrell, Vice President, Product For the second year in a row, Stamford, Conn.-based research firm Gartner Inc. has placed NetSuite in the Leaders quadrant of its Magic Quadrant for Cloud Core Financial Management Systems for Midsize, Large and Global Enterprises. One of only three vendors to be named a Leader among the 10 Gartner evaluated, … Continued
NetSuite established as a Leader, again
NetSuite articles
July 27 2020
In the beginning of June, we published an article on NetSuite’s leading position in SaaS and Cloud-Enabled Midmarket Finance and Accounting Apps ; this dominant position was once again recognized recently. For the third year in a row, NetSuite made it to the leaders cut of Gartner Inc.’s Magic Quadrant for Cloud Core Financial Management … Continued
NetSuite Release 2020.2
NetSuite articles
July 27 2020
Despite a disrupted start, 2020 is well underway and NetSuite is getting ready for its second release of the year. NetSuite 2020.2 includes many exciting enhancements and promising new features that are bound to help businesses be more efficient and streamlined. Among others, the release aims at improving the financial and operational actions of the … Continued
NetSuite: a Worldwide Leader in SaaS and Cloud-Enabled Midmarket Finance and Accounting Apps
NetSuite articles
June 10 2020
ICT industry’s premier vendor assessment tool ICT MarketScape recently published a report assessing the market for SaaS and Cloud-Enabled Midmarket Finance and Accounting Applications, and a clear leader stands out: NetSuite. The report, which assesses each services provider’s ability to meet the need of modern and fast-growing companies to emerge in an ever-evolving world, clearly … Continued
Reporting: Allocate a GL Account to multiple Report Categories based on Department
NetSuite articles
May 20 2020
Background We were recently tasked with building a report based not only on the GL account but also on the department of the transactions booked on it. More precisely our client wanted to be able to generate an Income Statement using three main categories. Some GL accounts were mapped with a category in a one-to-one … Continued
Novutech Custom Dunning Solution
NetSuite articles
May 05 2020
Background When it comes to Accounts Receivable management, many of our clients show interest in a dunning process to track their overdue balances and send collection letters to their customers. Indeed, dunning is typically a tedious, yet essential, part of any business and a fully automated and streamlined collection process can be valued highly by … Continued
Generate Payment Advice for Suppliers
NetSuite articles
April 21 2020
Background One of our customers recently asked us to streamline their vendor payment process. As part of the vendor payment process, they wanted to have the possibility to justify any payment sent to a supplier by providing an overview of bills, bill credits and any other transactions in NetSuite applied to this payment. Functionalities In … Continued
Automate business processes with payment hold and simple saved searches used in scheduled workflows
NetSuite articles
April 04 2020
Background One of our customers recently asked us to streamline their vendor payment process. Active in the SaaS industry and relying on a network of partners to implement their platforms on their behalf, they wanted to make sure any partner payment (that the partner was entitled to get after a customer platform implementation) would not … Continued
SuiteApprovals SuiteApp (NetSuite 19.2)
NetSuite articles
March 06 2020
Approval flows are an integral part of many business processes and most companies require very specific approval routes based on complex rules. Facing the heavy process of customizing these approval flows on a regular basis within complex workflows in NetSuite, we decided to give the SuiteApprovals SuiteApp a try. Here’s our quick review. Functionalities SuiteApprovals … Continued
Professional Services Companies: NetSuite 2020 Release 1 Helps Firms Thrive in a Time of Change
NetSuite articles
February 03 2020
Posted by Adam Mayo, Master Industry Principal, Services From globalization and automation to the way services are billed, professional services firms are forced to adapt to a fast-evolving marketplace. And with an expected compound annual growth rate of more than 10% over the next decade, it’s in their best interest to go along for the … Continued
NetSuite 2019 Release 2 Brings Business Impact in a Big Way
NetSuite articles
August 07 2019
Posted by Peter Fung, Senior Director Product Management ERP, Oracle NetSuite The beginning of summer brings more than picnics in the park, big action movies and family vacations. It also brings a hotly-awaited NetSuite product release, and this year’s NetSuite 2019 Release 2 is a barbecue, blockbuster and trip to Disneyland all rolled into one. … Continued
