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DSG Value Maximizer Webinar Series

DSG Value Maximizer Webinar Series. NetSuite Release 2014.1 February 26, 2014. Value Maximizer. Minimize the “Value Gap” Offerings to help Partnerships – Concur, Adaptive Planning, Box.net, Avalara, B2B Gateway, Dell Boomi

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DSG Value Maximizer Webinar Series

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  1. DSG Value Maximizer Webinar Series NetSuite Release 2014.1February 26, 2014

  2. Value Maximizer • Minimize the “Value Gap” • Offerings to help • Partnerships – Concur, Adaptive Planning, Box.net, Avalara, B2B Gateway, Dell Boomi • Solutions – DSG Powered (CRM Collaborator, Installed Base, Resource Plan & Monitor, Google Locator) • Offerings – Realize, Optimize, Revitalize • Continuing customer education, awareness and knowledge • Value Maximizer Webinar Series • Future subjects • Release reviews Value Maximizer Webinar Series Value Maximizer Webinar 2014.1

  3. NetSuite 2014.1 Agenda - Discussion with screen shots • Trial Balance & Balance Sheet Enhancements • Multi-Book Accounting • Statistical Accounts • Batch Processing for Rev Rec Journal Entries • Enhanced Deferred Rev Rec Reports • Collapse/Expand VSOE Column on Sales Transactions • Purchase Requisitions • File Drag & Drop BETA • StickyNotes BETA • Maximum Report size changes • Expense Account sign changes in Saved Searches Value Maximizer Webinar 2014.1

  4. Trial Balance & Balance Sheet Enhancements NetSuite Release 2014.1February 26, 2014

  5. Trial Balance now has Alternate Period Ranges Value Maximizer Webinar 2014.1

  6. New Settings for Cumulative Value Value Maximizer Webinar 2014.1

  7. Amounts in Debit and Credit Value Maximizer Webinar 2014.1

  8. Report Results Value Maximizer Webinar 2014.1

  9. Multi-Book Accounting NetSuite Release 2014.1February 26, 2014

  10. Purpose of Multi-Book Accounting • Purpose for Multi-Book Accounting • Deliver different financial reports to serve different purposes • Provide detailed transaction-based reports for each accounting book • Automate posting to multiple accounting books according to pre-defined accounting rules Value Maximizer Webinar 2014.1

  11. Features of Multi-Book Accounting • Adjust financial results on a per-book basis • Ensure data integrity across multiple accounting books • Enable customization to leverage the Multi-Book Accounting context Value Maximizer Webinar 2014.1

  12. 2014.1 Release • To be released in Phases • Phase 1 Features under Enable Features • Up to 5 Active Books (including Primary book) Value Maximizer Webinar 2014.1

  13. Mapping to Books • COA will be mapped using a mapping table • Primary book always covers all subs, other books can be a subset of subsidiaries • Table will use mapping rules • Table can be manually setup or imported using csv import Value Maximizer Webinar 2014.1

  14. Transactions • On the Accounting tab of a transaction an additional attribute will be added to select the accounting Book Value Maximizer Webinar 2014.1

  15. Using Multi-Books Overview • Dashboards will have a Level Book Selector • Set Preferences will have a KPI setting for preferred Book • Report will have an additional filter for Book Value Maximizer Webinar 2014.1

  16. Functional Overview Similar to Inter-Company transactions, it will handle Intra-Subsidiary per book Transactions Value Maximizer Webinar 2014.1

  17. Items Included in Multi-Book Function • Revenue Recognition by book will be supported • Expense Amortizations by Book • COGS and Inventory Valuation • Fixed Asset Depreciation by Book (2014.2) Value Maximizer Webinar 2014.1

  18. Backward Compatible • Whatever works today, will also work with Multi-Book Value Maximizer Webinar 2014.1

  19. Statistical Accounts NetSuite Release 2014.1February 26, 2014

  20. Purpose of Statistical Accounts • Statistical Accounting feature allows Financial users and Corporate management to enter non-monetary data in order to run cost and revenue Allocations dynamically and enhance Financial Statements with Financial Ratios • Supports costing methods as activity based costing, profit and cost centers to better track company performance Value Maximizer Webinar 2014.1

  21. Enhancement • New Capabilities • Uses Units of Measure (formerly part of Advanced Inventory) • Dynamic Allocations (Usage Base Allocation) • Financial Statements with Ratios • Allocation Batch Value Maximizer Webinar 2014.1

  22. Methods to Use Statistical Accounts • Creating Statistical Account balances • Manual JE • JE from a Saved Search : Example headcount from employee list Value Maximizer Webinar 2014.1

  23. Adding amounts manually NetSuite Release 2014.1February 26, 2014

  24. Statistical Account Setup Value Maximizer Webinar 2014.1

  25. New Menu items New Menu options under Transactions >> Financial Value Maximizer Webinar 2014.1

  26. Setting up Values in Statistical Accounts Acct 9010 Amount is the Sq. Ft Value by Department Value Maximizer Webinar 2014.1

  27. Allocation Schedules Lists >> Accounting >> Allocation Schedule Associate the Acct 9010 pulls in the allocation Weight from the Stored Value Value Maximizer Webinar 2014.1

  28. Adding amounts dynamically NetSuite Release 2014.1February 26, 2014

  29. Dynamic Allocations using the Stat Accts Setup another Statistical Account for Headcount Value Maximizer Webinar 2014.1

  30. Saved Search to calculate variables Use Saved Search to derive the Headcount Value Employee Search Count employees Grouped by Dept. And Sub (if OneWorld) Value Maximizer Webinar 2014.1

  31. Setup Another Schedule tied to the Saved Search Add Frequency of Schedule Value Maximizer Webinar 2014.1

  32. From here the process is the same as before - Click “Create Journal Entry” Value Maximizer Webinar 2014.1

  33. 1st JE from Dynamic settings JE Detail will show Previous Value, Current Value and Difference Value Maximizer Webinar 2014.1

  34. Follow up JE after Stats changed When Headcount Changes the stored value also changes Value Maximizer Webinar 2014.1

  35. Statistical Accounts and Financials (Earnings Per Share) NetSuite Release 2014.1February 26, 2014

  36. EPS Use Statistical Accounts to enter Number of Shares Create a Formula to calculate EPS Value Maximizer Webinar 2014.1

  37. Batch Processing for Rev Rec. JE & Enhanced Reporting NetSuite Release 2014.1February 26, 2014

  38. Batch Processing for Rev. Rec. JE • Version 2014 Release 1 introduces the following improvements: • The 10,000 batch limit has been removed. • When one batch finishes, the next automatically begins. • Up to five batches can run concurrently to complete processing more quickly. Value Maximizer Webinar 2014.1

  39. Enhanced Rev. Rec. Reporting • The four additional fields in the Transaction Dimension group are: • Source Document Number – The transaction number of the original source • Source Document Type – The transaction type of the original source • Source Rev. Rec. Start Date – The revenue start date in the source document • Source Rev. Rec. End Date – The revenue end date in the source document Value Maximizer Webinar 2014.1

  40. Reporting Disclaimer • If you have high volume of Revenue Recognition schedules, reports will not work – Fix is scheduled for 2014.2 release. • If you have a low volume, these enhancements are part of 2014.1 Value Maximizer Webinar 2014.1

  41. Reports included for Enhancements • The reports that are enhanced by this addition are: • Deferred Revenue By Customer • Deferred Revenue by Item • Deferred Revenue By State • Revenue by Customer • Revenue By Item • Revenue By State • Deferred Revenue Reclassification Activity • Deferred Revenue Reclassification Value Maximizer Webinar 2014.1

  42. Collapse/Expand VSOE Field NetSuite Release 2014.1February 26, 2014

  43. Collapse/Expand VSOE Field • In a new transaction or in edit mode, the VSOE column includes an edit button. Click the button to open an allocation popup window and enter or change the parameters. • In view mode, the lines in the VSOE column are collapsed by default. Click more… to expand the lines and display all of the parameters. Click less… to collapse the lines again. Value Maximizer Webinar 2014.1

  44. Topics • Requisitions • File Drag & Drop BETA • StickyNotes BETA • Maximum Report size changes • Expense Account sign changes in Saved Search Value Maximizer Webinar 2014.1

  45. Requisitions NetSuite Release 2014.1February 26, 2014

  46. Requisitions - Overview • Advanced Procurement Module • Managed Bundle • This is the only feature currently available in the Module. • More coming in 2014.2 release • Full Bundle pricing is not set • If you want this feature now, let us know and we can get you the details on pricing Value Maximizer Webinar 2014.1

  47. What are Requisitions? • Simpler version of a Purchase Request • Don’t need to assign a Vendor • Don’t need to deal with prices • Can make on behalf of others • Ex: An Admin can make a Requisition on behalf of several buyers • Allows optimization of resulting Purchase Orders Value Maximizer Webinar 2014.1

  48. Purchase Requisitions workflow • Provides a tool to consolidate and aggregate purchase requests and results in Purchase Orders Value Maximizer Webinar 2014.1

  49. Requisitions Administration • Similar to current Purchase Requests • Requisitions that are approved result in a Purchase Order • Access through Employee Center is recommended • Can be associated to an internal Role, but there are implications to the Approval path • Approval Routing tools are the same as other records • Can add Expenses or Items • Can use both Requisitions and Purchase Requests concurrently if desired Value Maximizer Webinar 2014.1

  50. Requisitions Highlights • Items must already exist in the system • Expect to be allowed to create Items in the future • Preferred Vendor and/or Purchase Price from Item record will flow to Requisition, regardless of user entry • Requisitions are available to be consolidated onto Purchase Orders per vendor, with reference to Requisition record • No automated line-level consolidation • 10 lines requested = 10 lines on the PO • Requisitions are single-subsidiary only • Users whose Roles access multiple Subsidiaries will need to choose one on the Requisition Value Maximizer Webinar 2014.1

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