NetSuite 2026.2 New Features

With automation, control, and visibility continuing to shape the priorities of finance and operations teams, the NetSuite 2026.2 release introduces a range of enhancements designed to reduce manual effort and make everyday processes more efficient. 

From smarter bank reconciliation and more structured payment runs to improved inventory planning and passwordless login, 2026.2 continues NetSuite’s focus on helping organisations work more efficiently while maintaining strong financial and operational control. 

As always, we’ve gone through the latest release updates in detail. To help you get the most out of your system, our in-house NetSuite expert, Rory Munro, has picked out the top 10 features that stood out most to him in this latest release. 

1. Improved Bank Reconciliation 

One of the standout features in 2026.2 is the new Match Suggestions workspace, designed to make bank reconciliation faster and more intuitive. 

NetSuite can now suggest likely matches for imported bank transactions, including existing transactions and payments that can be created and applied against open invoices and payables. 

The new functionality provides: 

• Suggested transaction matches 

• Faster payment application 

• Fewer manual submission steps 

• Clearer audit information showing who matched and submitted transactions 

For finance teams dealing with high volumes of bank transactions, this should significantly reduce the amount of manual reconciliation work required while improving visibility and control. 

It is worth noting that payment suggestions currently support full one-to-one matches only, rather than partial payments or payments covering multiple transactions. 

2. Payment Runs 

Managing supplier payments can involve multiple stages, from selecting the correct invoices through to review, approval, and processing. 

The new Payment Runs functionality provides a more structured Accounts Payable workflow for managing multiple payables together. 

AP teams can prepare a proposed payment run, save it for review, and submit it for processing once approved. 

This provides: 

• Greater control over payment selection 

• A clearer approval process 

• Improved payment traceability 

• Reduced manual administration 

Payment Runs create the vendor payments within NetSuite but do not replace the process of transmitting payments to the bank. Organisations will still need Electronic Bank Payments, ZonePayments, or another payment transmission method where required. 

3. Smarter Inventory Optimisation 

For organisations managing large or complex inventories, balancing availability against the cost of holding stock is an ongoing challenge. 

NetSuite 2026.2 introduces Inventory Optimization, using demand patterns, lead-time variability, and target service levels to help calculate key inventory planning parameters. 

These include: 

• Safety stock 

• Reorder points 

• Preferred stock levels 

• Inventory segmentation 

• Projected stock-out and shortage alerts 

• Overstock exceptions 

Items can also be segmented into ABC/123 categories, helping supply planners focus their attention where it matters most. 

By highlighting potential shortages and excess inventory earlier, the feature should help organisations improve product availability while avoiding unnecessary working capital tied up in stock. 

4. Automated Payment Adjustments 

Small payment differences can create disproportionate amounts of administrative work for finance teams. 

The new Automated Payment Adjustments functionality allows users to record fees, underpayments, and other permitted adjustments directly while processing a Customer Payment or Customer Deposit. 

For example, if a customer pays a £1,000 invoice but only £985 reaches the bank after a £15 processing fee, the difference can be posted to the appropriate adjustment account as part of the payment process. 

This means: 

• Fewer separate manual journals 

• More consistent accounting treatment 

• Faster payment processing 

• Easier reconciliation of payment differences 

For businesses processing significant volumes of customer payments, this should help simplify an otherwise repetitive accounting process. 

5. New Project Health Indicators 

Project managers often need to identify potential problems before they become significant issues. 

In 2026.2, NetSuite introduces five new Project Health Indicators covering: 

• Planned versus actual time overruns 

• Overdue project tasks 

• Resource coverage for remaining work 

• Project margin 

• Approved but unbilled charges 

These indicators provide a more immediate view of operational and financial project health without requiring managers to review every individual task and transaction. 

The indicators are updated daily and require Project Management to be enabled. 

For professional services organisations and project-based businesses, this should make it easier to identify projects that may require intervention and take action before issues affect profitability or delivery. 

6. Passwordless Login and Passkeys 

Security and ease of access do not always go hand in hand, but NetSuite’s new passwordless login and passkey support aims to improve both. 

Users can configure a passkey and use it to sign in without entering their NetSuite password. Depending on the device, authentication could use: 

• Windows Hello 

• Facial recognition 

• Fingerprint authentication 

• Another securely stored passkey 

FIDO2-compliant passkeys can also be used as a second authentication factor. 

Users may still be asked for their password for certain actions, while NetSuite can periodically request an authenticator-app code as an additional fallback check. 

For organisations looking to strengthen security without creating unnecessary friction for users, passkeys could provide a more seamless approach to authentication. 

7. Start Fulfilment Directly from Sales Order Lists 

Warehouse and order-management teams often work from queues of approved orders that are ready to fulfil. 

In 2026.2, users can now start the fulfilment process directly from Sales Order lists, including filtered lists and saved searches. 

For example, a warehouse team could create a saved search showing approved orders ready to ship today and begin fulfilment directly from that queue. 

This removes the need to open each Sales Order individually and should help teams: 

• Reduce unnecessary navigation 

• Process orders more quickly 

• Improve warehouse efficiency 

• Make better use of saved searches as operational work queues 

It is a relatively simple enhancement, but one that could make a noticeable difference for teams processing high volumes of orders every day. 

8. Export to Modern Excel Format 

Sometimes the smaller improvements have the biggest day-to-day impact. 

With the 2026.2 release, NetSuite will now use the modern .xlsx format when users export lists, saved searches, and reports to Microsoft Excel. 

This replaces the older .xls format and should improve compatibility with modern versions of Excel. 

The result should be: 

• Fewer compatibility warnings 

• Less need to resave exported files 

• Easier integration with modern Excel workflows 

• A more consistent reporting experience 

The change relates to the file format itself, rather than necessarily increasing existing export limits, but it should remove some of the friction users encounter when moving NetSuite data into Excel. 

9. Initial Average Cost for Items 

Accurate item costing can become particularly challenging during implementation and data migration when there is no historical transaction data available in NetSuite. 

For customers using Multi-Location Inventory, 2026.2 introduces the ability to set an initial average cost by location when creating an item. 

This can be particularly useful when: 

• Migrating existing item data into NetSuite 

• Items have no transaction history in the system 

• Initial inventory values need to be established by location 

• Estimated costed Bills of Materials are being created before components have been purchased 

By allowing organisations to establish an initial average cost, NetSuite provides greater flexibility when setting up inventory and transitioning historical data into the platform. 

10. Clearer Pricing Context on Sales Order Lines 

Pricing queries can quickly become frustrating when users know the final price but cannot easily see why NetSuite has calculated it. 

The new Advanced Pricing Context on Sales Order Lines provides greater visibility into how the final item price has been determined. 

Users can see whether a price has originated from: 

• Base pricing 

• A pricing rule 

• Customer-specific pricing 

For example, if an item normally sells for £100 but appears on a customer’s Sales Order at £92, the user can investigate the pricing context directly from the line. 

This should make pricing queries easier to resolve, reduce unnecessary investigation, and give users greater confidence that the correct pricing has been applied. 

Future Spotlight: Ask Oracle and NetSuite Next 

While not a feature that UK customers should expect to receive automatically as part of the 2026.2 upgrade, Ask Oracle and NetSuite Next provide an interesting glimpse into the future direction of the platform. 

Ask Oracle is a conversational AI assistant designed to allow users to interact with NetSuite using natural language. 

The vision is for users to be able to: 

• Ask questions about business data 

• Locate records and reports 

• Generate analysis and visualisations 

• Navigate NetSuite more intuitively 

• Interact with business information using natural language 

Ask Oracle forms part of NetSuite Next, a redesigned NetSuite experience that aims to embed AI more deeply across records, analytics, and business processes. 

Oracle has stated that existing customers will not need to migrate their data or reimplement NetSuite to adopt the new experience, with access able to be introduced gradually by role. 

For UK organisations, however, this should currently be viewed as a look at NetSuite’s future direction rather than an immediate 2026.2 feature. Ask Oracle and NetSuite Next are initially being rolled out in the United States and Canada. Additional countries are planned, but there is currently no confirmed launch date for UK customers. 

What Does NetSuite 2026.2 Mean for Your Business? 

The 2026.2 release continues the trend we have seen across recent NetSuite updates: less manual administration, better visibility, stronger controls, and increasingly intelligent ways of working. 

For finance teams, the biggest opportunities are likely to come from improved bank reconciliation, payment runs, and automated payment adjustments. 

For operational teams, inventory optimisation and faster fulfilment workflows could deliver tangible efficiency gains, while project teams benefit from clearer indicators around project health and profitability. 

And looking further ahead, the development of Ask Oracle and NetSuite Next shows how AI is becoming increasingly embedded within the NetSuite experience. 

As always, the value of a NetSuite release isn’t simply in switching new features on. The real opportunity comes from understanding which enhancements are relevant to your organisation and how they can be incorporated into existing processes. 

If you’re already using NetSuite, now is a good time to review your current setup and identify where the 2026.2 enhancements could reduce manual work, improve visibility, or strengthen control. 

And if you’re still relying on a legacy ERP, the pace of innovation across NetSuite is another reminder of one of the key advantages of a true cloud ERP: continuous improvements delivered as part of the platform, without the disruption and cost of traditional major upgrades.