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Oracle NetSuite has announced a series of new product updates and AI innovations to help companies increase efficiency and accelerate growth. Building on existing AI capabilities, updates in
Oracle NetSuite has announced a series of new product updates and AI innovations to help companies increase efficiency and accelerate growth.
Building on existing AI capabilities, updates in Oracle NetSuite include new AI capabilities, a new procurement solution, enhanced partner integrations, project management updates, user experience improvements, new training resources, and integrated employee benefits offerings.
One of the most significant improvements is the new AI updates that are deeply embedded in the NetSuite suite. These features help companies work more efficiently, reduce risk, and achieve their goals faster. New features include financial exception management, a digital assistant within NetSuite SuiteAnalytics, and tools to improve the quality of AI-generated content. Generative AI will also be integrated into NetSuite extensions, allowing customers to get more value from their platform.
In addition, NetSuite is introducing the new SuiteProcurement solution, which helps companies streamline their indirect purchasing processes and control costs. By integrating with suppliers such as Amazon Business and Staples Business Advantage, companies can access competitive pricing and benefit from automated approval processes, order creation and invoicing. This optimization of purchasing processes enables companies to purchase the goods and services necessary for their growth more quickly and efficiently.
Another notable update is the NetSuite Connector for Salesforce, which enables real-time data exchange between NetSuite and Salesforce. This integration makes it easier for mutual customers to synchronize data between both platforms. This provides greater insight into order and customer information, financial data, and inventory management.
In the project management space, the updated SuiteProjects Pro, formerly known as NetSuite OpenAir, offers enhanced AI capabilities and an improved user experience. This tool helps companies better monitor project health, accelerate project planning, and increase productivity. This enables companies to use their resources more efficiently and improve project profitability.
To further improve the overall user experience, NetSuite is introducing the Oracle Redwood Design System in several parts of the suite. This modern design provides a user-friendly interface that promotes productivity. The system is already implemented in NetSuite Enterprise Performance Management and NetSuite Analytics Warehouse and will gradually be expanded to other popular parts of the suite, such as dashboards and forms.
In addition, NetSuite is offering new training tools through the Guided Learning Managed Service. This service helps companies develop customized learning resources tailored to their specific business processes. With step-by-step guidance and analytics capabilities, companies can ensure their teams are making the most of the NetSuite suite.
By introducing generative AI, automated processes, and improved integrations, NetSuite gives companies the tools to streamline operations, control costs, and accelerate growth. It hopes to remain a versatile platform for organizations seeking continuous optimization and scalability.
Source: IT Daily
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