Oracle NetSuite unveils AI additions to help businesses do more with less

Oracle NetSuite unveils AI additions to help businesses do more with less

17 Oct    Finance News, Technology

Oracle NetSuite today announced a series of new product innovations to help organisations reduce costs and run more efficiently so they can grow their top and bottom lines.

The latest NetSuite innovations include both traditional and generative AI-powered capabilities across the entire suite; new field service management and enterprise performance management (EPM) solutions; and new capabilities that help finance and customer experience professionals improve the speed and accuracy of business processes. 

“Over the past 25 years, our mission has stayed the same: deliver a unified suite of cloud applications that enable customers to do more with less and grow their businesses,” said Evan Goldberg, founder and EVP, Oracle NetSuite. “We continue to extend the capabilities of NetSuite to support this mission and help our more than 37,000 customers benefit from the latest cloud and AI innovations. Our new updates include traditional and generative AI capabilities embedded throughout the suite to help increase user productivity, reduce costs, and improve overall business efficiency.”

NetSuite has introduced new generative AI-powered capabilities across the entire suite and added new traditional AI capabilities to help customers enhance planning and budgeting, reduce manual data entry, and expand business insights. New AI-powered capabilities include: 

  • NetSuite Text Enhance: New generative AI-powered capabilities help users create contextual and personalized content for any text area in NetSuite based on a few starter words that describe intent. Supported by the Oracle Cloud Infrastructure (OCI) generative AI service, NetSuite Text Enhance helps finance and accounting, HR, supply chain and operations, sales and marketing, and customer support teams improve productivity by leveraging AI to produce relevant drafts that they can quickly and easily review, edit, and approve. To learn more about NetSuite Text Enhance, please visit: Oracle NetSuite Embeds Generative AI Throughout the Suite to Help Organizations Boost Productivity
  • NetSuite Planning and Budgeting: New AI-powered capabilities in NetSuite Planning and Budgeting help organizations automate data analysis to improve and accelerate decision making. With predictive algorithms that continually monitor and analyze plans, forecasts, and variances, customers can quickly and easily uncover and highlight trends, anomalies, and correlations.
  • NetSuite Bill Capture: New AI-powered capabilities help organizations intelligently capture and categorize expenses based on historical data. With NetSuite Bill Capture, customers can reduce manual bill entry to help increase the productivity of accounting teams.  
  • NetSuite Analytics Warehouse: AI-powered capabilities in NetSuite Analytics Warehouse consolidate and centralize data from a multitude of sources and help organizations accelerate access to data visualizations and reporting. With increased visibility and deeper understanding of transaction-level activity, customers can spot patterns and gain faster insights for better decision making. To learn more about NetSuite Analytics Warehouse, please visit: NetSuite Extends Analytics Warehouse to Help Customers Gain Greater and Faster Value from Data
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