NetSuite Changelog
CommerceRelease NotesNew FeatureRevenue Recognition

Advanced Revenue Management Configuration Changes in NetSuite

NetSuite 2024.2 changes Advanced Revenue Management in Configuration Mode, affecting revenue recognition workflows.

·2 min read·NetSuite 2024.2·From NetSuite Release Notes PDF

Starting in NetSuite 2024.2, enabling Advanced Revenue Management (ARM) in Configuration Mode imposes restrictions on how revenue is recognized. This change is significant as it ensures that the ARM setup is fully completed before initiating order-to-revenue workflows that utilize ARM.

What Changed

Enabling ARM in Configuration Mode helps streamline the revenue recognition process, maintaining consistency with previous workflows. However, it is crucial for developers and administrators to note that the advanced features will not be active during this initial setup. This measure protects the integrity of revenue recognition processes and cost management until the implementation is fully verified.

Key Considerations

  • Workflow Impact: The revenue recognition process will remain unchanged while in Configuration Mode, which can lead to confusion if users attempt to leverage advanced features prematurely.
  • Setup Verification: It's essential to ensure that the ARM setup is thoroughly validated before transitioning into regular operation. This validation includes checking all workflows and associated configurations to prevent disruptions in revenue processes.
  • Process Familiarization: Teams should familiarize themselves with ARM's features and the limitations present during the Configuration Mode. Understanding this can help mitigate potential issues by ensuring that all team members are aligned on workflow capabilities.

Who This Affects

This update particularly impacts:

  • Administrators: Responsible for configuring ARM and ensuring setups are completed before workflows are active.
  • Developers: Need to understand the limitations during the Configuration Mode to avoid errors in revenue processes.
  • Finance Teams: Will rely on consistent revenue recognition practices, and any shifts can impact financial reporting and analysis.

Key Takeaways

  • ARM in Configuration Mode ensures setup completeness before workflows are active.
  • Revenue recognition processes remain unchanged until ARM is fully configured.
  • It’s important to validate ARM configurations to avoid disruptions in workflows.
Source: When Advanced Revenue Management in Configuration Mode is enabled, you cannot use Advanced — NetSuite Release Notes PDF. This article was generated from official Oracle documentation and enriched with additional context and best practices.

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