Oracle NetSuite today announced a series of new product innovations to help organizations run more efficiently and increase the bottom line. The latest NetSuite innovations include an AP (accounts payable) automation solution that can increase the accuracy and speed of processing bills and making payments; a new CPQ (configure, price, quote) solution that helps accelerate and simplify the sales process; a new workforce management solution that can streamline scheduling, time tracking, and wage calculations; and a new shipping solution that helps bring added efficiency to warehouse operations.
In addition, NetSuite has introduced new automation and analytics. These can give organizations the insights and control to increase productivity and profitability by enhancing the financial, inventory management, manufacturing, and project management functionality within NetSuite.
“With an economy in transition, businesses can look to the certainty of data to find new paths to profitability and growth,” said Evan Goldberg, founder and EVP, Oracle NetSuite. “To help our customers do this, we continue to extend the capabilities of NetSuite. The latest updates span everything from financial management to HR to sales processes. They’re designed to help our customers run their business in a better way and support their growth journeys.”
NetSuite has introduced new solutions to address the time-consuming and labor-intensive accounts payable (AP) process, grow sales, deliver a seamless buying experience for customers, improve the efficiency of warehouse operations, and adapt staffing quickly to changing business needs.
- NetSuite AP Automation: A solution that helps customers improve efficiency by making it easier and faster to process bills and pay vendors all from within NetSuite. To learn more about NetSuite AP Automation, please visit: NetSuite Announces AP Automation to Increase the Accuracy and Speed of Processing Invoices and Making Payments.
- NetSuite CPQ: A solution that helps customers enable sales teams to quickly configure, price, and quote (CPQ) complex products with complete accuracy directly in NetSuite. To learn more about NetSuite CPQ, please visit: NetSuite Introduces Configure, Price, and Quote Solution to Help Organizations Accelerate and Simplify the Sales Process.
- NetSuite Ship Central: A solution that helps customers optimize fulfillment operations, eliminate manual processes, and accelerate deliveries by empowering warehouse workers with packing and shipping capabilities on a mobile or kiosk device. To learn more about NetSuite Ship Central, please visit: NetSuite Launches Ship Central to Help Organizations Improve Warehouse Operations.
- NetSuite SuitePeople Workforce Management: A solution that helps organizations balance labor costs and profitability. The solution enhances employee engagement by simplifying and automating routine tasks such as shift scheduling, employee time tracking, and calculating wages. It can uniquely provide recommendations on optimizing staff scheduling to help organizations achieve business goals. To learn more about SuitePeople Workforce Management, please visit: NetSuite Delivers Workforce Management to Help Organizations Enhance Employee Satisfaction and Efficiency.
- NetSuite Analytics Warehouse: The latest enhancements enable customers to simplify data management, accelerate time to insights, and provide access to more pre-built third-party data integrations and industry-specific content. NetSuite Analytics Warehouse is also now available to customers in Australia and the United Kingdom. To learn more about NetSuite Analytics Warehouse, please visit: NetSuite Enhances Analytics Warehouse to Help Customers Maximize the Value of Data.
With new automation and analytics, organizations can enhance efficiency and profitability by consolidating data, automating tasks, improving inventory management, streamlining workflows, and simplifying rebate and trade promotion program execution.
- Data Residency: New data centers built on Oracle Cloud Infrastructure (OCI) help customers meet residency requirements and reduce latency by bringing NetSuite and data closer to customers. In the past year, NetSuite has opened 11 data centers in new cities, including Amsterdam, Newport, Osaka, San Jose, and Tokyo.
- Intercompany Netting: New intercompany netting capabilities automatically book transactions across subsidiaries to streamline the period close process.
- Inventory Management: Using NetSuite Warehouse Management System (WMS) and NetSuite Smart Count, customers can better manage inventory in unexpectedly empty bins in the warehouse. Once the bin is marked as empty, an inventory count is automatically triggered. And once the inventory is updated, the bin is made available again.
- Mobile Manufacturing: The enhanced mobile application for NetSuite Manufacturing streamlines work order flows and validations, improves usability, and reduces data-entry mistakes.
- Planning and Budgeting: New task management capabilities in NetSuite Planning and Budgeting help customers execute more efficiently and accurately by increasing visibility, automating tasks, and automatically recording activities related to those tasks. The enhanced version builder for scenario planning makes it faster to capture a range of budget or forecast scenarios to quickly deal with change.
- Platform: New expansion of object support in REST simplifies integration with other systems. Meanwhile, Visual Studio enhancements for object management and project validation boost developer productivity. SuiteCloud developers can also enjoy a more modern development experience with the Graal runtime environment and the latest ECMAScript language features within SuiteScript 2.1.
- Quality Management: New quality management functionality delivers more flexibility by allowing unplanned, ad hoc inspections that enable companies to drive higher quality across their product lines.
- Rebates and Trade Promotions: New rebate and trade promotion management capabilities help save time and increase efficiency by automating the creation, execution, accrual, and reconciliation of vendor and customer rebate programs.
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