Disabling Advanced Revenue Management in NetSuite 2024.2

TL;DR Opening

Starting in NetSuite 2024.2, users can disable Advanced Revenue Management (ARM) after its configuration. This feature is significant because it allows for greater flexibility in managing transactions when ARM is no longer needed for new records.

What's New

In previous releases, once Advanced Revenue Management was configured, disabling it was not straightforward. With the introduction of this feature, businesses can deactivate ARM without impacting transactions that were created before the deactivation. This empowers administrators to customize revenue management practices according to changing business needs.

Impact of Disabling ARM

When you disable Advanced Revenue Management:

• All transactions created after disabling ARM will no longer follow the ARM rules.
• Existing transactions that were created before the deactivation will remain intact and adhere to the original ARM configurations.
• This change is especially useful for businesses that may transition away from more complex revenue recognition strategies.

How to Disable ARM

To disable Advanced Revenue Management:

1. Navigate to the Advanced Revenue Management section in the SuiteCloud settings.
2. Locate the option to disable ARM and confirm the action.
3. Ensure that your users understand that subsequent transactions will not be under ARM governance.

Note: Always back up configurations before making changes to ensure rollback options if needed.

Who This Affects

• Administrators: Responsible for managing system settings and configurations.
• Finance Teams: May need to adjust reporting methods as a consequence of disabling ARM.
• Project Managers: Those involved in project-based revenue recognition could see changes in how revenue is reported and recognized.

Key Takeaways

• New Flexibility: Administrators can now disable Advanced Revenue Management after configuration.
• Impact on Transactions: Future transactions will not follow ARM rules once it is disabled.
• Ease of Configuration: The process to disable ARM is straightforward, enhancing user experience.
• Backup Recommended: Always back up current settings prior to making changes.
• Consider Implications: Organizations should assess how disabling ARM might affect financial reporting and compliance.