NetSuite Announces Innovations to Help Businesses Increase Efficiency and Drive Success
New embedded AI functionality, product offerings, and integrations help businesses accelerate processes, improve productivity, and embrace new business models
NEW YORK, Feb. 6, 2025 /PRNewswire/ -- SuiteConnect -- Oracle NetSuite today announced a series of AI innovations and other new product updates that will help organizations increase efficiency and accelerate growth. The latest updates across the suite build on the comprehensive AI capabilities embedded in NetSuite and will enable customers to take advantage of new pre-configured solutions, third-party integrations, and procurement and billing enhancements.
"NetSuite provides an enterprise-grade platform for businesses of all sizes that delivers the scalability, performance, AI innovation, and security that customers need to support any stage of growth," said Evan Goldberg, founder and executive vice president, Oracle NetSuite. "With new AI-powered advisor and assistant features and a broad range of other updates to help businesses of all sizes, we continue to enable our customers to gain more value from the suite."
The latest updates to NetSuite help customers automate and accelerate business processes and embrace new business models:
-- New AI capabilities: Help organizations streamline data entry,
centralize the management and deployment of large language models,
optimize product configurations, and accelerate issue resolution. With
NetSuite Text Enhance for custom text fields, a new Prompt Management
API, NetSuite CPQ AI Assistant, and NetSuite Expert for SuiteAnswers,
customers can apply the latest AI innovations to address their specific
business needs. To learn more about the latest AI updates, please visit:
NetSuite Extends AI Capabilities to Help Organizations Further Improve
Efficiency.
-- NetSuite SuiteSuccess Anything-as-a-Service (XaaS) Edition: Helps
organizations with diverse product and service offerings increase
efficiency, enhance the customer experience, and accelerate growth by
providing a pre-configured consolidated business platform with tailored
XaaS functionality. For example, organizations can streamline financial,
inventory, project management, and revenue recognition across their
product and service offerings. To learn more about NetSuite SuiteSuccess
XaaS Edition, please visit: NetSuite Launches New Solution to Help
Businesses Manage and Grow Diverse Revenue Streams.
-- NetSuite Connector for Outlook: Helps organizations automatically share
data between NetSuite and Microsoft Outlook. With a real-time data flow
between Outlook Mail, Calendar, and NetSuite, sales teams can reduce
manual data entry, focus on higher-value sales activities, and drive
more revenue. Learn more about NetSuite Connector.
-- NetSuite Advanced Procurement enhancements: Help organizations
streamline purchasing, optimize spending, improve efficiency, and gain
access to thousands of vendors, bringing real-time supplier
collaboration via the Oracle Business Network. With NetSuite
SuiteProcurement now embedded in NetSuite Advanced Procurement, buyers
can punch out to supplier catalogs, select items, and instantly generate
purchase orders in NetSuite, helping to reduce manual entry and decrease
the likelihood of delays. Learn more about NetSuite SuiteProcurement.
-- NetSuite SuiteBilling enhancements: Help organizations accelerate cash
flow and improve flexibility in subscription invoicing and allocation by
integrating prepay functionality and increasing customization in
subscription management. This enables customers to charge and collect
payments in advance if using consumption-based pricing models; invoice
and allocate revenue for associated services, projects, and hardware
prior to activating a subscription service; and automatically configure
bill dates. Learn more about NetSuite SuiteBilling.
-- Digital Business Network Alliance integration: Helps organizations in
the U.S. streamline invoice and settlement processes, improve cashflow
management, and increase the availability of working capital by
automating electronic invoice exchanges. With the Digital Business
Network Alliance (DBNA) network seamlessly facilitating orders,
invoices, payments, and communications between buyers and sellers
electronically, NetSuite customers can help reduce processing costs and
improve accuracy.
In addition to the latest updates across the suite, NetSuite is migrating to Oracle Autonomous Database to enable its customers to take advantage of the enhanced security, reliability, and performance of a fully managed Oracle Database in Oracle Cloud Infrastructure (OCI) with integrated AI. To learn more about the performance and security advantages NetSuite gains from the complete Oracle technology stack, please visit: NetSuite's AI Advantage.
About Oracle NetSuite
For more than 25 years, Oracle NetSuite has helped organizations grow, scale, and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation and omnichannel commerce, used by more than 41,000 customers in 219 countries and dependent territories.
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.
Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company--ushering in the new era of cloud computing.
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SOURCE Oracle NetSuite
