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Ontdek de meest recente activiteiten rond Novutech, NetSuite, ERP en business.
Amortize Charges with Item Receipts - Novutech Custom Solution
NetSuite artikelen
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 artikelen
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 artikelen
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 artikelen
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 artikelen
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 artikelen
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 artikelen
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 artikelen
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 artikelen
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 artikelen
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 artikelen
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 artikelen
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
