AI-Powered Exception Management in NetSuite 2025.2
AI-Powered Exception Management in NetSuite 2025.2 identifies transaction anomalies to streamline accounting processes.
Starting in NetSuite 2025.2, the platform unveils AI-Powered Exception Management (EM), a new feature designed to identify transaction outliers and irregular activities that deviate from established patterns. This functionality leverages machine learning to effectively detect issues in near real-time throughout each accounting period. By doing so, it empowers accounting teams to address anomalies proactively, ensuring accurate records and enabling more efficient reporting processes.
Key Benefits of Exception Management
- Anomaly Detection: Identifies missing transactions and incorrect postings, such as errors in amounts or accounts, that are typically challenging to spot.
- Real-Time Insights: Provides near-real-time feedback, allowing teams to correct discrepancies early in the accounting period.
- Streamlined Period Close: Reduces the frantic end-of-period processes, minimizing manual reviews and increasing overall efficiency.
Enabling Exception Management
To enable Exception Management, follow these steps as an Administrator:
- Navigate to Setup.
- Select Company.
- Go to Enable Features under the Accounting section.
Important Limitations
- Limited Release: Exception Management is currently a limited release feature, and its availability depends on data volume and machine learning model readiness. Customers with insufficient historical data (approximately 18 months’ worth) or low data volume may not qualify for this feature.
- Production Only: This feature cannot be enabled in Sandbox Accounts due to the lack of necessary historical transaction data for model training and inference. If your account lacks access, it is advisable to reach out to your NetSuite Account Manager for guidance on potential next steps.
Who This Affects
- Administrators: Responsible for enabling the feature and managing its settings.
- Accountants: Utilize the feature for detecting anomalies to maintain accurate financial records.
- Finance Teams: Benefit from streamlined processes and improved reporting through real-time insights.
Key Takeaways
- AI-Powered Exception Management in NetSuite 2025.2 enhances transaction monitoring.
- It enables quicker identification of anomalies and reduces manual intervention.
- The feature requires sufficient historical data to function effectively.
- Exception Management cannot be used in Sandbox Accounts due to data requirements.
- Contact your NetSuite Account Manager if lack of access to the feature poses concerns.
Frequently Asked Questions (4)
What permissions are required to enable AI-Powered Exception Management?
How does AI-Powered Exception Management interact with existing accounting processes?
Will the lack of historical data affect my ability to use Exception Management?
Can I enable AI-Powered Exception Management in my Sandbox Account?
Was this article helpful?
More in Accounting
- Applied Trans Date and Period Enhancements in NetSuite 20...
Latest updates in NetSuite 2024.1 enhance Accounting SuiteApps with transaction line distribution features.
- Currency Context for Account Balances in NetSuite 2026.1
NetSuite 2026.1 introduces Currency Context for Account Balances, enhancing analytics and reporting capabilities.
- Grant Management SuiteApp: New Bundles in NetSuite 2026.1
Grant Management SuiteApp in NetSuite 2026.1 streamlines grant processes, providing a single source of truth and financial insights.
- Intelligent Close Manager Enhancements in NetSuite 2026.1
Currency context for account balances in Analytics, Chart of Accounts, SuiteScript, REST in NetSuite 2026.1.
Also from NetSuite 2025.2
- Removal of Unsupported Permissions in NetSuite 2025.2
NetSuite 2025.2 updates permissions for standard roles, affecting custom roles. Review unsupported permissions now.
- New Parent Role Field on Role Records in NetSuite 2025.2
New Parent Role field on custom roles improves visibility in NetSuite 2025.2.
- CSV Import for Bin Putaway Worksheet in NetSuite 2025.2
CSV import for Bin Putaway Worksheet now in NetSuite 2025.2 simplifies item-bin assignments.
- Prompt Studio Expansion in NetSuite 2025.2
Prompt Studio now available in the EU and all languages in NetSuite 2025.2, enhancing prompt management for localized teams.