Oracle NetSuite did NOT hold back this year!
SuiteWorld 2024 was a whirlwind of updates, announcements, and insights that have us spinning. With Oracle delivering game-changing news from every direction, we’re still working to process it all.
One thing is certain: NetSuite's latest features and expansions are set to transcend your NetSuite experience, unlocking unprecedented levels of productivity, innovation, and efficiency.
Here’s a roundup of the biggest NetSuite updates revealed at SuiteWorld 2024.
New AI Capabilities
Growing from the AI capabilities, including generative AI, already integrated across the suite, the latest AI-powered innovations in NetSuite will pinpoint financial exceptions, interact with data in novel ways, and embed and customize generative AI in NetSuite extensions. They include:
- NetSuite Financial Exception Management
- NetSuite SuiteAnalytics Assistant
- NetSuite Prompt Studio
- Generative AI for SuiteScript API
- Oracle Code Assist SuiteScript optimization
- NetSuite Advanced Customer Support AI Playbook
To closely explore these AI capabilities and understand their implications for your NetSuite use case, read our in-depth blog:
NetSuite SuiteProcurement
With SuiteProcurement, you can access exclusive offers from Amazon Business and Staples Business Advantage right within NetSuite, reducing the frustrations and costs of indirect procurement. Enjoy free memberships and savings of up to 10%!
That's not all. NetSuite SuiteProcurement integrates financial and procurement workflows to provide:
- Seamless vendor integrations
- Automated approval processes
- Automated purchase order creation and invoicing
- Complete visibility of spend
- Improved data accuracy
- Streamlined accounting processes
NetSuite Analytics Warehouse
For businesses expanding their operations, making sense of data can be a time-consuming endeavor that often demands advanced data science and coding skills. With limited bandwidth, you might not be able to invest in these skills and thus may miss out on valuable data insights altogether.
Built on Oracle Analytics Cloud and Oracle Autonomous Data Warehouse, NetSuite Analytics Warehouse solves for this by harnessing AI and business data to identify opportunities and drive efficiency.
With the likes of data visualizations and natural language insights, conversational interactions, automated algorithm selection, and customizable modeling workflows at your disposal, it's never been easier to understand customer demand for specific product lines and forecast which new products will likely drive continued growth.
NetSuite Enterprise Performance Management (EPM)
How much time is your finance team spending on gathering data and creating narratives to explain financial results, justify important decisions, and forecast future growth?
Thanks to updates that enable generative AI for narrative reporting, AI-powered narratives in NetSuite Planning and Budgeting, enhanced predictive forecasting, and a digital assistant to assist with EPM workflows, your team can accelerate reporting and quickly capitalize on business growth opportunities.
Oracle Redwood Design System
Oracle's award-winning application design system is being rolled out to NetSuite SuiteProjects Pro, Customer 360, and to the entire NetSuite application starting with the most widely used areas of the suite like dashboards, lists and forms, to further boost productivity.
NetSuite SuiteProjects Pro
NetSuite SuiteProjects Pro builds on the capabilities of NetSuite SuiteProjects by delivering new AI-powered features that help customers monitor project health and accelerate project planning. Along with improving workflow speed and increasing efficiency through automated staffing, scheduling, budget tracking, and billing, SuiteProjects Pro aligns usage with business growth by offering a comprehensive project-focused solution and per-user pricing.
NetSuite Guided Learning Managed Service
Getting fully up to speed with NetSuite, especially with these rapid-fire updates, is not for the unprepared.
That's why NetSuite is offering support from NetSuite Education experts with step-by-step guidance embedded in NetSuite. Customers will also be able to access analytics reports that can further tailor training and ensure teams are using the suite productively by evaluating interactions with learning guides.
NetSuite SuitePeople integrated benefits offering
You can improve the benefits experience by embedding SimplyInsured’s small business-focused health benefits marketplace directly within NetSuite.
This lets you effortlessly shop for benefits plans and guide your employees through enrollment. With deductions seamlessly taken from paychecks and automatically posted to the general ledger, managing benefits becomes simpler, and your financial insights sharper.
See NetSuite’s Latest Updates in Action: Register for Our Exclusive Event!
Do you want to unpack all the NetSuite updates and see how they might look in action within your NetSuite instance?
Register for Our Post-SuiteWorld Event
Date and Time: October 10th, 2024, at 12:00 PM Eastern Standard Time
We’ll demo how these innovations relate to your ERP technology and how you can maximize them to drive tangible results. Sign up using the form below!