Generative AI for NetSuite Efficiency

Generative AI powers NetSuite Text Enhance to assist with creating and refining contextual and personalized content. AI predictive algorithms in NetSuite Planning and Budgeting make it easy to uncover trends, anomalies, and correlations. Additional invoice data captured by NetSuite Bill Capture improves matching intelligence to create more accurate vendor bills. Leverage prebuilt AI/ML models in NetSuite Analytics Warehouse to predict business outcomes and uncover insights.

Below is a deeper dive into the NetSuite Bill Capture enhancements:

New Fields on the Review Bill Page

• Several additional fields are now available at the header and line level of the Review Bill page. These fields give Bill Capture more data to work with, which reduces your need to edit the bill post-creation. New fields at the header level include:

  • Custom Segments – Custom segments are used to create custom classification fields, similar to class, department, and location. You can now use custom segments in Bill Capture to classify vendor bills more accurately.

  • PO Number – By including the PO Number field in the primary information of the Review Page, you can update the PO in all lines at the same time. If a new PO is selected, fields that are sourced from the PO will be remapped.

  • Discount Date – The discount date is automatically calculated based on the payment terms for the bill.

  • Posting Period – The posting date is the date that is used to post the transaction in the General Ledger in NetSuite.

  • Memo – The Memo field reduces the need for editing the bill post-creation. New fields at the line level include:

  • Custom Segments – Custom segments are now also available on the line level.

  • Customer – Customer is available on the line level.

  • Project Task – You can now organize items and expenses by different projects. This helps differentiate between multiple projects depending on the item or expense.

  • Billable checkbox – Use the Billable checkbox to classify whether an item or expense is billable or not. When this option is selected, the item or expense will be ready to be billed when bill creation is complete.

Updated Bill Capture Preferences Page

• The Bill Capture Preferences page now has subtabs to categorize preferences, making it easier to find the preference you are looking for. A new preference to source due date from the scanned file or payment terms is now available.

Enhanced User Experience Regarding Purchase Orders

• For items and expenses, an icon now appears when there are potential POs that could be linked to a certain line. The Purchase Order popup window, where you can link a PO to a specific line, now includes the Ordered Quantity, Received Quantity, and Billed Quantity. Clicking a PO number opens the PO record.

Want to Learn More About the New Update? 

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