NetSuite 2024.1 Release Notes 2

Author: Chris Laughner

The first NetSuite release of 2024 brings exciting new features and updates across a variety of modules and use cases, all enhancing the already powerful platform and building upon its exceptional support for businesses and users. Let’s take a look at some of the updates to the platform and discuss how users can leverage the improvements to get the most out of their NetSuite instance. If you have any questions regarding the new enhancements, or you would like to learn more about how the experts CloudPaths can support, enhance, integrate, and integrate your NetSuite instance, please contact

Please note: Your access to the features and SuiteApps discussed in this article is subject to the terms of service in your NetSuite contract. Some features may require additional purchase.

For full details of the 2024.1 Release Notes, please see the following link:

Revenue Recognition Field Mapping Enhancements

The Rev Rec Field Mapping Enhancements provide additional flexibility and automation in the Advanced Revenue Management feature to support users’ ability to create and automate revenue recognition rules.

A new record page named Revenue Recognition Field Map allows users to create map records that are tracked with system notes. A new list page named Revenue Recognition Field Mapping contains all the field maps and their relevant deal. Users can view, open, and edit revenue recognition field map records directly from the list page.

The Revenue Recognition Field Map page contains several new fields. Users can now utilize Transaction Type, an optional field that specifies the type of transaction the mapping is applied to as well as Custom Form, which allows users to specify the custom form they want to create the mapping from based on the selected transaction type. The optional fields Start Date and End Date were also added which can be used to configure mappings within a specific date range.

The available Source Field values depend on the selected Source Record Type, Transaction Type, and Custom Form combination. The Automatically Update Target Field Value box allows users to specify if the target field value automatically updates upon changing the source field value and updating the revenue arrangement.


Fixed Assets Management Enhancements

The 2024.1 Fixed Assets Management enhancements give users the capability to use 4-4-5 Week Period Format in Depreciation Schedule Reports, adds additional customization capabilities in CSV Reports, and streamlines bulk asset revaluation.


4-4-5 Week Period Format in Depreciation Schedule Reports: Accounts that use the 4-4-5 Weeks accounting period and have enabled the Use Accounting Period Dates for Depreciation now support the ability for the depreciation schedule report to group and display the depreciation and net-book values in 4-4-5 Weeks period. Instead of calendar months, the accounting period is used as the column headers in the report.


Display Custom Columns in CSV Reports: Custom columns added to report templates using the Customize Report Template page are now reflected in the CSV reports. Currently, Depreciation Monthly Report, Depreciation Schedule NBV Report, and Depreciation Schedule PD Report are supported. This update does not apply to reports generated in previous versions of the SuiteApp. The changes will take effect on the report templates when users resave them after upgrading to FAM 2024.1.


Bulk Asset Revaluation: Users can now use CSV import to revalue multiple assets in one transaction. The Import CSV button on the Asset Revaluation page opens the Bulk Asset Revaluation page. A link to a sample CSV file is available for download on the page. Users can edit the sample file to add details of the assets that they want to revalue and upload the file in the same page.



Manufacturing Mobile Enhancements

NetSuite 2024.1 brings multiple enhancements to Manufacturing Mobile that drive efficiencies, accuracies and benefits to users working with the app on the shop floor.

Users can now designate multiple components in a Bill of Materials to be backflushed without the need to report consumption data manually, the app now enables users to scan and enter an item’s UPC code from their mobile device, WIP Work Order operations steps can be recorded with actual start and end times (including the ability to start an operation, pause an operation with a reason code for the pause, restart the operation, and end the operation), and work order instructions are now viewable from a mobile devise in the assembly routing. New warning and error messages are also included with the release of Manufacturing Mobile 2024.1


Ship Central Enhancements

Multiple enhancements are available to Ship Central following the NetSuite 2024.1 release that bring additional functionalities to the app.

Users are now able to add Shipping Insurance to their shipments, enter the declared value of items, and view the updated shipment cost. The new Set Delivery Confirmation of Shipments system rule enables users to choose a delivery confirmation type for each shipment. Shipping labels from carriers display the actual text or its acronym.

Through the new Allow Package Code Updates system rule, users can now view carriers’ lists of package codes and change the packaging for single-package shipments. In case a shipment for multi-package shipping contains a single order with one carton only, users can also change its package code. The estimated shipping cost reflects any rate adjustments based on your choice.

Users can now generate and print shipping manifests provided by the carrier. They can print a manifest for each shipment that you process on the app.

On the NetSuite UI, users can choose a different shipping rate or method from the list obtained through their NetSuite ShipEngine account. If users utilize the Multiple Shipping Routes feature, they can make these changes for one or more order lines.

Businesses with multiple subsidiaries can now create and assign shipping preference records for each subsidiary. Users can also set up one for each unique location within the same subsidiary.

The Shipping Preference page provides the new Enable 3rd Party Billing for FedEx Ground Collect setting. It enables you to always ship packages that the carrier bills directly to the recipient when you use a FedEx Ground shipping method. It displays the Billed to third party tag for the estimated shipping cost and the Collect tag on shipping labels.

NetSuite Pay

The NetSuite Pay SuiteApp version 1.0.0 is now available for installation as a managed SuiteApp! Users can now accept credit card payments via an integrated payment processing solution designed specifically for businesses that use NetSuite. Before installing the SuiteApp, it must be provisioned by your NetSuite account manager.

NetSuite Pay allows users to accept credit card payments online, over the phone, at the point of sale, or through another digital payment method, all with PCI-compliant data security. NetSuite maintains a complete record of the full transaction lifecycle, giving a 360-degree view of customer transaction history and detailed audit tracking while maintaining the security of payment card data.

NetSuite Pay works in conjunction with Payment Link to:

  • Send e-invoices with a payment link or QR code to a secure payment page.
  • Configure the payment link to select certain payment methods, allow partial payments, and include a company logo and information.
  • Send payment notifications using customized email templates to inform customers when payment is accepted or rejected.
  • Let customers view and pay their bills with a click by credit or debit card.

NetSuite Pay also works with NetSuite Customer Center, SuiteCommerce MyAccount, and SuiteCommerce Advanced My Account for business buyers to view invoices, securely add and manage payment methods, and pay faster and more efficiently.

Text Enhance

Text Enhance uses generative AI to assist with writing business content in NetSuite. It can help create and refine content, as well as make content the right length for your needs. The Text Enhance feature delivers speed to users working on tasks such as writing descriptions for item sales, stock, purchases, and employee job titles, location, and job requisitions.

Text Enhance uses information from the page users are editing when it generates content. For example, when users use Text Enhance to generate a sales description for an inventory item, it uses information such as the item name, vendor description, display name, and stock description from the inventory item page. Text Enhance can also help users write different item descriptions for the same item, depending on how they will use the description. For example, when users use Text Enhance to generate text for the Purchase Description field of the Purchase/Inventory subtab, the generated text can include different details and even a different tone than what Text Enhance generates for the Sales Description field of the Sales/Pricing subtab.

Text Enhance is enabled by default, but access to it may be limited by an account’s enabled features, location, and language.

Release Preview Availability

Prior to each of NetSuite’s two annual releases, NetSuite provides a “Release Preview” that allows NetSuite customers to test out the updates before they are pushed to production accounts.

CloudPaths recommends NetSuite customers opt-in to the Release Preview soon as possible to experience the updates in a designated “preview account.” This account replicates your live production environment but also includes each of the release’s updates. This allows your NetSuite users to try out the new optimizations, features, and updates using their own data in a sandbox environment.

Please feel free to Contact Us if you have any questions regrading the 2024.1 Release Notes or Release Preview.


Disclaimer: This article highlights several of the NetSuite 2024.1 Release Notes and is not a comprehensive list of all enhancements and upgrades included in NetSuite’s 2024.1 Release.




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Vijay Tripathi

VP & Financials Practice Lead

Strong Financial ERP functional leadership knowledge across industry verticals, with twenty years of consulting experience. Led, architected, and implemented large financial transformation initiatives. Expertise with Enterprise Cloud SaaS ERP (NetSuite) and EPM solutions. Expert at NetSuite driven financial transformations and thought leader and speaker at SuiteWorld on Advanced Revenue Management, and Project Management.


Irene Jones

VP of Customer Success 

20+ years leading global consulting and delivery teams with experience in SAP for industries of consumer products, pharmaceuticals, life-sciences, telecommunications, high-tech, and mill products & mining.  Comprehensive guidance in providing solutions from strategy to winning technology implementations that transforms enterprises.  Holds a degree in Business Management and is PMP Certified.


Tushar Bhalla


Chief Technology Officer with 17+ years in SAP Digital Supply Chain, including SAP IBP, APO, and Ariba. Led cross-functional teams and delivered results across 17 industries and 33 customers. Collaborated with SAP on co-development of SAP IBP solution. Strong understanding of technology landscape and ability to drive technology strategy and innovation. Passionate about driving change and innovation.


KV Subramaniam

Founder & COO

30+ years of industry experience in HR & Operations. Worked for NIIT, Ramco, Accenture. Led varied business initiatives ground up including talent & Compensation management aligned with industry standards.


Jeff Pigatto

VP & Customer 360 Practice Lead

Consulting leader with 25+ years of consulting 12 years in the Salesforce ecosystem delivering Sales, Service, Marketing, CPQ, and Industry Cloud solutions.  Experience in Financial Services, Communications, Media, Information Services, High Tech, Transportation and Logistics, and Healthcare with leading Global System integrators (GSIs), such as Anderson Consulting (Accenture), AT&T, Fujitsu, and Tata Consultancy Services.


Saranya Vasanthakumar

Associate Director

10+ years of supply chain analyst and delivery lead experience with prior roles at Accenture, Argano, and Intrigo.  Driven project manager that focuses on effective customer communication throughout the entire process.


Pratap Shinde

Director of Digital Supply Chain

15+ years in supply chain management with experience at Accenture, Intrigo and Infosys. Analytical leader of digital transformation roadmaps through implementation process for significant customer projects. IBP is his specialty.


Sahil Bansal

Director for Canada

13+ years of demand and supply chain planning experience with previous roles at Deloitte, Intrigo and Fujitsu.  Collaborator across technical and business teams in conjunction with SAP.  Customer focused to ensure optimal implementations.


Sameer Ranabhor

Founder & CEO

20 years of experience working for global systems integrators including DXC, Infosys, and Cap Gemini. A thought leader in delivering capabilities and competencies aligned to changing industry direction and evolving business models.


Padman Ramankutty

Chairman of Board of Directors

Mr. Ramankutty is an experienced CEO with a demonstrated history of working in the information technology and supply chain services industry. He has founded and sold multiple startups, in addition to senior and advisory roles with SAP, Nike, and Accenture. Padman has strong business development and organizational expertise in enterprise software, professional services, supply chain, IT strategy and leadership. Padman earned BE, MSIE and MBA degrees to bolster his leadership. Mr. Ramankutty also holds multiple BOD and BOA seats with emerging companies.


Saranya Vasanathakumar

Sr. Principal, Digital Supply Chain

15+ years of experience in complex SAP IBP implementations and integrations. Worked with leading systems integrators including Accenture, Infosys, Intrigo and SCMO2. Strong expertise in delivering SAP IBP projects from Design, Implementation, complex Integrations and Sustenance.


Dr. Elango Kalyan

VP of Operations

Dr.K. Elangovan B.E., M.B.A., Ph.D, with 25 years of industry across Marketing, Sales, and Program Management. Elango obtained doctorate in “Project Management” research studies and published technical papers in international journals. Elango is responsible for strategic relationships and India operations.


Kuldeep Desai

Architect, Mulesoft

8 years of experience in implementing integration layers across various industries like Telecom, Digital Business Solutions, IOT,  leveraging MuleSoft and Amazon Web Services . Thought leadership in designing of high-performance and scalable integration platforms using API Led connectivity integration. Hands on experience in Software Development based on Core Java, Mule, Node JS, AWS LAMBDA.  4 years of working experience as Mule Architect for Financial CRM, Digital Business solutions, Online Education, Telecom projects and 7+ years of experience in Mule ESB with expertise in Mule3, Mule4, SOAP and Restful web services. Proficiency in Kibana, Splunk, Web Services, AWS Services, HTML, XML Technologies.


Karthik Murugesan

Architect, Data Integration

20 years of Industry experience in the Systems Integration space. Experienced working in multiple verticals including Telecomm, Healthcare, Banking, Edtech and Government. Seasoned Kafka Operations SME with 6 successful Enterprise implementations. Experienced professional with expertise in managing and maintaining Confluent Platform and Apache Kafka, a distributed event streaming platform. Deep understanding of Kafka's architecture, configuration, and administration. Experience in deploying, scaling, and monitoring Kafka clusters in production environments. Skilled in troubleshooting and resolving issues related to Kafka, including performance tuning and data replication. Experience in working with other tools and technologies that integrate with Kafka such as Zookeeper, Kafka Connectors and Schema Registry.

Actively involved in Mentoring the next generation of talent.


Sahil Bansal

Director Digital Supply Chain

Sahil has 11+ years of experience in leading management and implementation of enterprise applications. He has been a delivery focused professional working in architecting and implementation of supply chain planning processes. Sahil has served clients from various industries while working at global companies HCL, Fujitsu, Intrigo, Deloitte, o9 and Cloudpaths. He is Adept in complete life cycle of Planning tools (Development, Implementation, Support and Consulting). Sahil hold an MBA degree from the US and Bachelor in CS from India. Aside from work he likes traveling,  cooking and is a beginner in skiing. He is also an avid numismatist and has showcased his collection at several events.


Ron Blackburn

VP of Sales

30 years of SAP IBP and Digital Supply Chain experience in the industry with over 25 customers transform. Adept and transformative approach to craft the vision and roadmap for enterprise digital supply chain transformation.


Pratap Shinde

Director Digital Supply Chain

15+ years of experience in Digital Supply Chain area with SAP IBP, APO, JDA, I2, and IFS technologies. Worked for global systems integrators including Accenture, Infosys, and Intrigo. Expertise in supply chain planning tools and experience with 15 complex supply chain planning transformations.


Randall Bierman


30+ years specializing in Program Management and S&OP processes and SAP IBP based transformations.  Worked for Accenture, DXC, Global IBP Advisors, Intrigo Systems, Philips, and Steelwedge. Experience in 15 industries with over 40 clients, managing global PMO and driving Operational Excellence.


Jay Paramasivam

Founder and CRO

30+ years of experience building and supporting large scale and strategic relationships in the BFSI, Tech and Services Industry. Jay is also a chronic entrepreneur with business interests and investments across the globe.