NetSuite helps organizations across industries unlock growth

SAN FRANCISCO, Sept. 18, 2019 /PRNewswire/ -- SuiteConnect -- To help organizations across industries unlock growth and take their business to the next level, Oracle NetSuite today announced a series of new enhancements within the NetSuite solution. The latest enhancements include new industry cloud solutions that help customers achieve the benefits of the cloud in as little as 45 days and more than 65 new and updated features for customers to core business management capabilities within NetSuite.

"Running a growing business can be overwhelming without the right levels of visibility and control," said Evan Goldberg, EVP, Oracle NetSuite. "Our goal is to help our customers focus on what matters and unlock new opportunities by giving them the solutions needed to be agile and adapt to changing business dynamics. The latest updates to NetSuite build on that goal and our commitment to delivering customers in all industries a roadmap for success."

Key updates to NetSuite include new financial, analytics, HR, supply chain, nonprofit, project management and commerce capabilities. The new capabilities help organizations streamline business operations, improve decision making, enhance the employee experience and help nonprofit organizations easily track resources.

    --  Analytics: Enhancements to SuiteAnalytics querying, pivoting, and
        charting plus 17 new pre-built Industry & Role SuiteAnalytics Workbooks
        make it easier than ever for customers to gain visibility into key
        business metrics by providing insights into commerce search results as
        well as procurement, inventory and supply chain processes.
    --  Supply Chain: Predictive risks have been added to the Supply Chain
        Control Tower. This enables planners, buyers and operation users to
        increase on time delivery and optimize supply chain efficiency by being
        proactively alerted to potential supply chain issues and being
        prescribed potential actions to avoid the problems in the first place.
        This is built on the Intelligent Suite Machine Learning and AI platform.
    --  Distribution: New warehouse management system (WMS) features give
        customers more control when allocating current and future inventory
        across the business by optimizing product allocation. In addition, a new
        order release capability provides better control of what is released to
        the warehouse, and a new mobile app improves operational efficiency.
    --  Advanced Project Budgets: New project budgeting capabilities enable
        customers to make more informed decisions by providing a single view
        into all aspects of project budgeting, including the ability to create
        multiple versions of the budget plan.
    --  Commerce: New features enable customers to streamline operations by
        using merchandise attributes such as color, size and pattern to quickly
        and easily access sales and inventory insights. In addition,
        Personalized Catalog Views help merchants personalize the customer
        experience by providing selective access to catalog items based on user
        preference.
    --  Nonprofit: The new program outcomes feature allows nonprofit
        organizations to monitor the health and measure the outcome of their key
        programs, ensuring that they are staying true to their objectives and
        show donors the effectiveness of their funding.
    --  HR: New capabilities within SuitePeople help customers enhance the
        employee experience, gain deeper visibility into HR processes and
        empower HR teams. The new capabilities include an employee timeline to
        easily view key milestones, an improved payroll experience for
        administrators and employees, and new HR dashboard capabilities.
    --  Financials: New advanced banking data import features help customers
        reduce manual and time-consuming tasks associated with bank or credit
        reconciliation. In addition, new multi-subsidiary management and
        accounting capabilities help finance teams streamline the management of
        intercompany business processes.

To help customers achieve the benefits of the cloud in as little as 45 days, NetSuite continues to accelerate its investment in SuiteSuccess. SuiteSuccess is a pre-configured industry cloud solution, built on industry-leading practices, that combines deep domain knowledge with pre-built workflows, KPIs and dashboards. The latest additions to SuiteSuccess include expanded vertical capabilities across more than 10 industries.

    --  SuiteSuccess for Restaurant & Hospitality: New innovations around menu
        technology, supply chain and customer experience increase transparency
        and operational efficiencies. Organizations benefit from a unified
        hospitality management software platform that combines financials,
        inventory management, procurement, multiple location/franchise
        management and point of sale integration with Oracle MICROS.
    --  SuiteSuccess for Planning & Budgeting: Is now available for customers in
        seven industries and includes new data modelling capabilities that
        enhance company-wide and departmental planning. Customers in the
        software, agency, social impact, services, retail and wholesale
        distribution can now take advantage of SuiteSuccess for Planning &
        Budgeting to facilitate real-time decision-making, gain instant
        visibility into forecasting subscription and non-subscription revenue
        performance.
    --  SuiteSuccess for Food & Beverage: New forecasting, supply chain
        planning, co-packer visibility, shop floor scheduling and work order
        management enhancements give food and beverage organizations a real-time
        view into the health of their organization.
    --  SuiteSuccess for SuitePeople: New pre-configured roles, dashboards and
        forms help customers streamline the management of employee records and
        improve strategic decision making around employee job insights and
        efficiency. In addition, payroll management enhancements help customers
        make informed budgeting decisions within their workforce.

About Oracle NetSuite
For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides a suite of cloud-based applications, which includes financials / Enterprise Resource Planning (ERP), HR, professional services automation and omnichannel commerce, used by more than 18,000 customers in 203 countries and dependent territories.

For more information, please visit http://www.netsuite.com.

Follow NetSuite's Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle
The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

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Future Product Disclaimer
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, timing and pricing of any features or functionality described for Oracle's products may change and remains at the sole discretion of Oracle Corporation.

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SOURCE Oracle NetSuite