Oracle NetSuite today announced a series of new product innovations to help businesses in the UK optimise finance processes, expand insights, and increase efficiency. The latest updates for customers in the UK include new generative AI, enterprise performance management (EPM) and e-invoicing capabilities, and the ability to combine insights from multiple NetSuite instances into a single NetSuite Analytics Warehouse environment.

"With continued economic uncertainty, organisations in the UK need to find new efficiencies to remain profitable and drive further growth," said Evan Goldberg, founder and EVP, Oracle NetSuite. "We continue to add new capabilities to NetSuite that will enable customers in the UK to improve the speed and accuracy of business processes, derive more insights from their data, and gain the highest possible return from their NetSuite investment."

The latest NetSuite updates for UK businesses include:

  • NetSuite Text Enhance: Helps businesses in the UK leverage generative AI to create and refine contextual and personalised content for tasks in finance and accounting, HR, supply chain and operations, sales and marketing, and customer support. With NetSuite Text Enhance, customers can increase productivity, reduce human error, improve consistency, and accelerate business processes. To learn more, please visit: Oracle NetSuite Helps UK Organisations Take Advantage of the Latest Generative AI Capabilities to Supercharge their Businesses.
  • NetSuite Enterprise Performance Management (EPM): Helps businesses in EMEA bring together planning, budgeting, forecasting, account reconciliation, financial close, and reporting processes. With NetSuite EPM, customers can connect data across numerous sources to increase business visibility, expand insights, enhance decision-making, and drive growth. To learn more, please visit: NetSuite Introduces Enterprise Performance Management to Help Businesses in EMEA Increase Productivity, Profitability, and Efficiency.
  • NetSuite Analytics Warehouse Multi-Instance Connector: Helps businesses in the UK and Ireland with multiple businesses expand insights across their entire portfolio. With NetSuite Analytics Warehouse Multi-Instance Connector, organizations such as franchisors and parent or holding companies can reduce costs, improve the accuracy and speed of insights, and enhance decision-making. To learn more, please visit: NetSuite Helps Organisations in the UK and Ireland Connect AI-Powered Insights Across Multiple Businesses.
  • NetSuite Electronic Invoicing: Helps businesses send and receive invoices electronically in a structured data format that aligns with e-invoice exchange networks and the platforms of various tax authorities. With NetSuite e-invoicing, customers can efficiently comply with different e-invoicing standards to improve the accuracy and speed of invoicing.
  • NetSuite Field Service Management: Helps businesses in the UK and Ireland simplify field service scheduling and dispatch and automate inventory and customer asset management. With Field Service Management, customers can improve the efficiency of field service operations, reduce costs, and build customer satisfaction and loyalty. Learn more about NetSuite Field Service Management.
  • New licencing model: Helps businesses in EMEA give NetSuite access to employees that don't require a full license. For example, a warehouse employee who only needs NetSuite access for receiving, putaway, picking, and shipping, will gain access to NetSuite's relevant warehouse management functionality without requiring a full subscription. With more licensing options and task-specific roles, customers can increase productivity, reduce license costs, and efficiently scale operations.

About Oracle NetSuite

For more than 25 years, Oracle NetSuite has helped organisations 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 customers in countries and dependent territories.

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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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JP Charles
Oracle Corporation
john.paul.charles@oracle.com
+44 7786 335383

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Oracle Corporation published this content on 17 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 April 2024 07:07:04 UTC.