SuiteWorld 2024 Keynotes: Transforming Business with AI Innovations & New Product Updates
Jobin & Jismi | Certified Oracle NetSuite Solution Provider
'Expertise in ERP' Certified Oracle NetSuite (Partner) Solution Provider, Suitecommerce, Celigo, E-commerce
Oracle NetSuite has once again taken center stage in setting the pace for groundbreaking innovation to make businesses smarter and more agile with their latest product updates and AI advancements. Announced at SuiteWorld 2024 in Las Vegas, these updates are designed to help organizations further improve operational efficiency, accelerate growth, and stay ahead in competition, further solidifying NetSuite's leading position in cloud ERP solutions.??
?
Here's a look at what's new:??
With embedded AI updates, NetSuite introduces financial exception management to automatically detect financial discrepancies and a new digital assistant for SuiteAnalytics that empowers users to generate reports and visualizations through a natural language interface. Also, NetSuite Prompt Studio will have capabilities for enhancing content quality; generative AI in the SuiteScript API will let businesses embed AI seamlessly into custom extensions, and much more. Built on Oracle Cloud, these AI innovations are designed to put privacy and security first - so the sensitive data of the customer is protected.??
It helps organizations smooth out indirect procurement, control costs, access preferred pricing, and benefits directly from suppliers, including Amazon Business and Staples Business Advantage. With functionality to help automate purchasing approvals, order creation, invoicing, and reporting SuiteProcurement provides customers with the ability to optimize spending and efficiently buy goods and services that will drive growth.??
For businesses leveraging both NetSuite and Salesforce, the new NetSuite Connector for Salesforce is going to be a game changer. This connector ensures real-time data flow between the two platforms, allowing organizations to align order and fulfillment details, customer data, and financial information seamlessly. The result? Enhanced decision-making and a faster order-to-cash process.??
A major enhancement, NetSuite Analytics Warehouse now features AI-powered capabilities that enable businesses to accelerate data analysis. Capabilities comprising business driver identification, scenario predictions such as customer churn and inventory stockouts, and custom machine learning models position NetSuite to enable businesses to proactively make decisions based on real-time data.??
Project management just received a major boost with the recent announcement of NetSuite SuiteProjects Pro. Built on artificial intelligence, this evolution of the former OpenAir places a particular emphasis on the delivery of new user experience enhancements, mitigating risk, and optimizing resource allocation.???
领英推荐
Accelerates financial reporting while enabling one to seize growth opportunities much faster. Updates include supporting generative AI for narrative reporting, AI-powered narratives in NetSuite Planning and Budgeting, expanded predictive forecasting, and much more.??
The most eagerly anticipated update was the expansion of the Oracle Redwood Design System, already deployed throughout NetSuite Analytics Warehouse and Enterprise Performance Management. Redwood is set to roll out across more NetSuite applications, starting with dashboards, lists, and forms.??
Allows organizations to tailor learning resources to maximize suite value. Based on NetSuite Guided Learning, the new managed service includes support from experts in NetSuite Education who create step-by-step guidance embedded in NetSuite and tailored to a customer's unique business processes.??
Among other exciting enhancements is the integration of SimplyInsured’s small business-focused health benefits marketplace into NetSuite SuitePeople. It makes the benefits management process seamless by enabling employers to shop for benefits plans and offer their employees the ease of benefits enrollment and financial insight through real-time deduction posting to the general ledger.??
?
With the announcements in SuiteWorld 2024, one thing is for sure: Oracle NetSuite is pushing the limits of enterprise technology. From end to end, AI weaves through almost every seam, and businesses are about to achieve new levels of growth, efficiency, and insight. Whether through deeper procurement solutions, more streamlined project management, or ever-deeper data analyses, NetSuite continues to evolve with its customer base.?
As the founder and EVP of Oracle NetSuite, Evan Goldberg rightly put it: “We built NetSuite to be the lifeblood for businesses as they grow”. This year's keynote set just one more opportunity to confirm that NetSuite is helping businesses thrive in an increasingly dynamic and complex world.??
?
#SuiteWorld2024?#ExecutiveKeynote?#OracleNetSuite?#SuiteWorld?#AI?#NetSuite #ERP #JobinAndJismi??