New embedded AI features, product offerings, integrations and user experience innovations help businesses gain insights, improve productivity and promote collaboration
SuiteWorld — Oracle NetSuite announced a series of new product updates and AI Innovations NetSuite’s latest innovations build on the comprehensive AI capabilities, including Generative AI, built into NetSuite by adding powerful new AI updates, a new sourcing solution, new partner integrations, updated project management capabilities, user experience enhancements, new training resources and an integrated benefits offering.
“We designed NetSuite to be the foundation for business growth, with a platform that can scale and expand to meet changing needs and a data model that connects a customer’s entire business,” said Evan GoldbergFounder and Executive Vice President, Oracle NetSuite“We continue to expand NetSuite’s capabilities to further strengthen this foundation. As customers grow their businesses on NetSuite, AI innovations and workflow optimizations help them gain intelligent insights, improve productivity and simplify collaboration.”
To help customers gain insights to make informed decisions, identify growth opportunities, and solve business problems, NetSuite is introducing innovations across the suite. Recent features include:
- AI updates included in the suite: Help organizations increase efficiency, mitigate risk, and achieve goals faster. With financial exception management, a new digital assistant in NetSuite SuiteAnalytics, and tools to improve the quality of AI-generated content and integrate Generative AI NetSuite extensions enable customers to derive more value from the suite. To learn more about the latest updates to NetSuite AI, visit: Oracle NetSuite Helps Accelerate Development, Processes, and Insights with New AI Offerings
- Purchasing the NetSuite suite: Helps businesses streamline indirect procurement processes, control costs, and unlock supplier benefits, including Amazon Business and Staples Business Advantage. With capabilities that automate purchase approvals, order creation, invoicing, and reporting, customers can optimize spend and efficiently purchase the goods and services they need to support their growth. To learn more about NetSuite SuiteProcurement, visit: NetSuite Introduces SuiteProcurement to Help Customers Reduce Cost of Doing Business.
- NetSuite Connector for Salesforce: Enables joint customers to automatically share data between NetSuite and Salesforce. With real-time data flow, customers can align data across both applications to gain visibility into order and fulfillment details, financials, customers, and contacts, accelerate order-to-cash and revenue recognition processes, and make more informed decisions. To learn more about NetSuite Connector for Salesforce, visit: NetSuite Connector for Salesforce helps organizations get more value from their data.
- NetSuite Analytics Warehouse: Helps businesses accelerate data analysis and gain contextual insights with new built-in AI capabilities. With updates to identify business drivers, predict scenarios like customer churn and stock-outs, and custom machine learning models, customers can uncover opportunities to improve efficiency and grow. To learn more about NetSuite Analytics Warehouse updates, please visit: NetSuite Expands AI Capabilities for NetSuite Analytics Warehouse.
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- NetSuite Enterprise Performance Management (EPM): Helps organizations streamline financial reporting and quickly capitalize on growth opportunities. With updates that enable generative AI for narrative reporting, AI-powered storytelling in NetSuite Planning and Budgeting, enhanced predictive forecasting, and a digital assistant to help with EPM workflows, customers can improve productivity and further enhance decision-making. To learn more about NetSuite Enterprise Performance Management (EPM) updates, please visit: NetSuite Introduces New Enterprise Performance Management AI Capabilities to Help Finance Teams Accelerate Processes.
- NetSuite SuiteProjects Pro: Helps organizations reduce risk, optimize resource allocation, increase profitability, and scale operations. Formerly NetSuite OpenAir, SuiteProjects Pro delivers new user experience enhancements and AI capabilities to help customers monitor project status, accelerate project planning, and increase productivity. To learn more about NetSuite SuiteProjects Pro, please visit: NetSuite Introduces New AI-Powered Project Management Capabilities.
- Oracle Redwood Design System: Helps customers accomplish their tasks more efficiently and drive adoption of Oracle’s award-winning application design system by delivering a modern user experience across the suite. NetSuite Enterprise Performance Management and NetSuite Analytics Warehouse already use the Redwood user experience. The design system is planned to be deployed across NetSuite SuiteProjects Pro, Customer 360, and has the entire NetSuite application starting with the most used areas of the suite like dashboards, lists and forms, to further improve productivity.
- NetSuite Guided Learning Managed Service: Helps organizations customize learning resources to maximize the value of the suite. Building on NetSuite Guided Learning, the new managed service includes support from NetSuite Education experts to create step-by-step instructions that are integrated with NetSuite and tailored to each customer’s unique business processes. In addition, analytics reports help customers further customize training and ensure teams are using the suite productively by measuring interactions with learning guides.
- Built-in benefits of NetSuite SuitePeople offering: Helps organizations improve the benefits experience by integrating SimplyInsured’s small business benefits marketplace directly into NetSuite to enable employers to search for benefit plans and help employees enroll. With costs seamlessly deducted from employees’ paychecks and posted directly to the general ledger, customers can simplify benefits management and improve their financial literacy.
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