ECNETNews reports that NetSuite has announced a suite of AI-driven innovations, product offerings, and integrations aimed at boosting business efficiency, streamlining operations, and accommodating diverse revenue models. These enhancements, unveiled at SuiteConnect New York, are designed to automate processes, lessen manual workloads, and improve financial and procurement functions for organizations of all sizes.
AI and Automation Innovations
NetSuite has broadened its AI capabilities to expedite data management, optimize product configurations, and enhance issue resolution. Key new features include:
- NetSuite Text Enhance for automating data entry in custom text fields.
- Prompt Management API for centralized AI model deployment.
- NetSuite CPQ AI Assistant for efficient product configurations.
- NetSuite Expert for SuiteAnswers, offering AI-powered insights to assist customers.
“NetSuite delivers an enterprise-grade platform for businesses of all sizes, providing the scalability, performance, AI innovation, and security necessary for any growth stage,” said a company representative. “With the introduction of AI-powered advisor and assistant features, alongside various updates, we continue to enable our clients to extract increased value from our offerings.”
New Product and Integration Advancements
The latest solutions launched by NetSuite enhance operational flexibility and business model adaptability:
- NetSuite SuiteSuccess Anything-as-a-Service (XaaS) Edition: A pre-configured platform designed for businesses with product and service offerings, optimizing financials, inventory, project management, and revenue recognition.
- NetSuite Connector for Outlook: Facilitates seamless data synchronization between Microsoft Outlook and NetSuite, minimizing manual entry and bolstering sales efficiency.
- NetSuite Advanced Procurement: Improves purchasing processes via real-time supplier collaboration through Oracle Business Network, automating supplier catalog access and purchase order generation.
- NetSuite SuiteBilling Enhancements: Offers prepay functionality and customizable subscription invoicing, allowing businesses to collect advance payments and manage consumption-based pricing models.
- Digital Business Network Alliance Integration: Streamlines electronic invoice exchanges, optimizing working capital and settlement processes.
Migration to Oracle Autonomous Database
NetSuite is migrating to Oracle Autonomous Database within Oracle Cloud Infrastructure (OCI), significantly enhancing security, reliability, and performance. This transition will empower NetSuite customers with AI-driven automation and improved database management.
Availability
These updates underscore NetSuite’s dedication to delivering AI-powered business tools that elevate productivity and efficiency. For further information on these enhancements, visit NetSuite’s AI Advantage.
