NetSuite Industry Innovations Help Businesses Accelerate Growth
NetSuite Industry Innovations Help Businesses Accelerate Growth
New industry-specific solutions, finance, HR, supply chain and data analytics transform and improve business operations
LAS VEGAS, April 24, 2018 /PRNewswire/ -- SUITEWORLD18 -- Oracle NetSuite today announced a series of new innovations to help organizations across industries drive growth, reduce costs and quickly and easily achieve the benefits of cloud computing. The latest innovations within the NetSuite platform include new SuiteSuccess industry cloud solutions, enhanced financial management, HR and supply chain capabilities, new innovations for product and service companies, and a powerful new data analytics solution.
Successfully growing a business has never been harder. New technologies, rapidly shifting consumer expectations and evolving industry regulations continue to change the game. For business leaders, this can feel like a no-win situation, particularly as competition continues to increase and results are under the microscope. The latest innovations from NetSuite help business leaders navigate this change, overcome the barriers to growth and successfully scale by delivering industry best practices, new customer engagement models and business optimization methods, more than 20 major enhancements to core business applications and powerful data processing and visualization capabilities.
"Many companies are able to get their businesses up and running only to struggle when the time comes to reach the next stage of growth," said Jim McGeever, executive vice president of Oracle NetSuite. "With continuous innovation, we give our customers the tools to overcome the barriers to growth."
New Industry SuiteSuccess Cloud Solutions
To deliver faster time to value, increased efficiency and provide the flexibility to foster growth and customer success, NetSuite is introducing 14 new editions of SuiteSuccess. A unified, and pre-configured industry cloud solution, SuiteSuccess is built on industry leading practices, combining deep domain knowledge with pre-built KPIs and dashboards. The latest editions are designed to meet the unique requirements of micro-verticals and span a variety of specific industries, company sizes and maturity in the cloud ERP journey. The new SuiteSuccess editions include:
-- Starter: Designed for small and rapidly growing company needs, including
finance and accounting, order-to-cash and procure-to-pay.
-- Commerce: Designed for retailers and other ecommerce-focused business
needs, including website development and order management.
-- Technology Services: Designed for technology services provider needs,
including project management, sales, order and financial management.
-- Consulting Services and Consulting Services Emerging: Two new editions
designed for consulting services organizations at different stages of
growth with finance and accounting, project and resource management.
-- Manufacturing and Manufacturing Emerging: Two new editions support
manufacturers at different stages of growth with inventory, supply chain
and order management.
-- Food and Beverage Manufacturer: Designed for food and beverage
manufacturers, including features for demand planning, tracking and
traceability.
-- Advertising, Media and Publishing: Three new editions designed for
agencies, media and entertainment and publisher needs, including
features for resource allocation, time and expense, and reporting.
-- OneWorld, Administrator and Accounting: Three new editions for existing
NetSuite customers are designed to support global growth, enhance the
capabilities and knowledge of NetSuite administrators and ensure
accounting features within NetSuite are being maximized.
New Vertical Industry Functionality
To help customers accelerate growth while reducing costs, NetSuite has introduced more than 20 major enhancements to its core application. The enhancements include new industry-specific capabilities for product and services companies as well as innovative HR and financials functionality. The latest updates include:
-- Innovations for Product Companies: For companies in industries like
manufacturing, wholesale distribution and retail, NetSuite is delivering
new features that increase efficiency, deliver greater insights and
improve the customer experience. The enhancements include new supply
chain control tower, warehouse management, fulfillment, engineering
change management, quality management system and landed costing
capabilities.
-- Innovations for Services Companies: To help service companies improve
profitability, resource management, revenue management and revenue
recognition, NetSuite has introduced enhanced project profitability
reporting, advanced revenue management enhancements, charge-based
billing for 'time-based rules,' a new UI for weekly timesheets, a
deferred expense waterfall report and new resource allocation grid
filters.
-- Innovative Financial Features: To ensure customers have a leading-edge
financials solution, NetSuite has reworked its cash management and bank
reconciliation functionality in order to streamline the process and give
companies better control of one of their key assets - cash. The latest
additions include an enhanced online bank statement reconciliation and
transaction matching engine, improved bank statement import record
capabilities, full translation support for electronic payments and new
multi subsidiary customer support.
-- Innovative HR Features: Building on the launch of NetSuite SuitePeople,
an HR offering natively built on NetSuite's unified cloud suite,
NetSuite has introduced a range of new capabilities to help HR
professionals attract, manage, train and retain talent. New capabilities
include a mobile employee directory, payroll dashboard, headcount and
turnover analytics, absence management enhancements and integration with
Oracle Taleo Business Edition.
SuiteAnalytics
To help customers make better business decisions, NetSuite has introduced new SuiteAnalytics capabilities, including a powerful consumer grade data exploration tool that brings rapid, secure and meaningful data exploration capabilities to non-technical users enabling them to gain real-time insight into the business without needing to wait for data warehouses to be updated, outdated reports to be written our moving large amounts of important company data to unsecure spreadsheets.
About Oracle NetSuite
Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world's first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.
Follow Oracle NetSuite Global Business Unit's Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.
About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
Safe Harbor
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle.
CONTACT: Michael Robinson, Oracle NetSuite Corporate Communications, Senior Director, Global Communications, 781-974-9401, Michael.s.robinson@oracle.com
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SOURCE Oracle NetSuite
