Netsuite has introduced a number of AI-controlled innovations, new product offers and integrations to improve business efficiency, optimize processes and to support various sales models. These updates announced in Suiteconnect New York aim to automate the operation, reduce manual workload and to improve financial and procurement functions for organizations of all sizes.
KI and automation updates
Netsuite has expanded its AI functions to speed up data management, optimize product configurations and to improve the problem solving. Include new functions:
- Netsuite text improvement to automate data input in custom text fields.
- Fast administration -API for centralized AI model provision.
- Netsuite CPQ AI assistant to optimize product configurations.
- NetSuite expert for suitänen to support customers with AI-driven knowledge.
“NetSuite offers a platform for company quality for companies of all sizes that provide scalability, performance, AI innovation and security that have to support customers for every growth phase,” said Evan Goldberg, founder and Executive Vice President Oracle Netsuite. “With new consultants and assistants from AI-powered assistants and a wide range of other updates to support companies of all sizes, we continue to enable our customers to gain more value from the suite.”
New product and integration improvements
Several new solutions were started to improve the operational flexibility and adaptability of the business model:
- Netsuite Suitesuccess Anything AS-A-Service (XAAS) Edition: A pre-configured platform that is tailored to companies and offers both products and services, financial data, inventory, project management and income recognition.
- Netsuite Connector for Outlook: Allow seamless data synchronization between Microsoft Outlook and Netsuite, reduction of manual data entry and improvement in sales efficiency.
- Netsuite Advanced Procurement: Improves buying efficiency through cooperation with real-time suppliers via Oracle Business Network and automation of the supplier catalog access and the order generation.
- NetSuite SuiteBilling improvements: Introduce advance payment functionality and customizable subscription calculations and enable companies to collect payments in advance and to manage consumer-based price models.
- Integration of the digital business network Alliance: Automated electronic invoice exchanges helps companies to optimize the handling processes and optimize the operating capital.
Migration to the autonomous Oracle database
Netsuite changes to the autonomous Oracle database within the Oracle Cloud Infrastructure (OCI) and improves safety, reliability and performance. This migration offers netsuite customers with AI-controlled automation and database management improvements.
Availability
These latest updates increase the commitment of Netsuite for the provision of business instruments from AI that improve productivity and efficiency. Further information on these new functions can be found on the Netsuite AI.