Resources
Explore the latest activities around Novutech, Netsuite, ERP and business.
Item Substitution
NetSuite articles
April 09 2021
Background If you are a company selling goods, you might have several similar inventory items that can be substituted with one another. With NetSuite, you can set up your items to link them to their substitutes, which will allow you to replace backordered items on your sales orders with other similar items that you have … Continued
NetSuite Release 2021.1 Overview
NetSuite articles
March 17 2021
Background We are well into 2021 and NetSuite users will soon discover the new features included in the first release of the year. As part of their goal to consistently optimize their customers’ business operations and further automate their financial processes, NetSuite left nothing to chance and carried out a wide variety of improvements ranging … Continued
Tax Number Validation by VIES
NetSuite articles
March 04 2021
Background How can I know if my European customer has a valid VAT number? This is a question you might ask yourself a lot, and it is an important one, too! Indeed, in order to correctly invoice your customers and comply with the European legislation, you need to make sure that their tax registration number … Continued
Intercompany Project Management - Novutech Custom Solution
NetSuite articles
January 28 2021
Background Project management is at the core of many companies’ business processes. Although NetSuite’s project management module offers a comprehensive set of features that help users have an extensive view on their projects and the related profitability, some companies need a bit of customization to have their most specific needs met. In the case covered … Continued
Amortize Charges with Item Receipts - Novutech Custom Solution
NetSuite articles
January 21 2021
Background Being active in sectors such as services and softwares, we are often faced with revenue recognition challenges. Although NetSuite’s revenue recognition module allows us to design highly adjustable and complex revenue flows, it can get far more difficult when it comes to creating a flexible process for amortizing charges. In the case of our … Continued
Enhance the Standard Expensify Connector to NetSuite with Tax Automation
NetSuite articles
October 28 2020
Background One of our customers recently asked us to connect Expensify, the world’s leading application for expense management, receipt scanning, and business travel with NetSuite. We decided to deploy the standard and free Expensify to NetSuite Connector. Nevertheless, we rapidly realized that integrating seamlessly Expensify and NetSuite when it comes to taxes was a challenge. … Continued
Structured Reference for Belgium
NetSuite articles
October 20 2020
Background While NetSuite’s field proposition is extensive for some regions, we are missing a very useful field for Belgium on both the invoice and bill. In Belgium a common communication on invoice/bill is what is called a structured reference.This reference is made of 12 digits with the last two digits being the modulo (Euclidean remainder) … Continued
NetSuite Makes Its Move to Oracle Cloud Infrastructure
NetSuite articles
September 20 2020
By Brian Chess, GVP Cloud Operations, Oracle NetSuite At NetSuite, we have always been focused on providing the best for our customers and are constantly looking for ways to step it up. That’s the reason behind our move to Oracle Cloud Infrastructure, which is Oracle’s Gen 2 Cloud Infrastructure. It blends all of the advantages … Continued
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
