Country for PR: United States
Contributor: PR Newswire New York
Wednesday, November 18 2020 - 10:00
AsiaNet
NetSuite Helps Growing Businesses Adapt to Change and Build for the Future
SYDNEY, Nov. 18, 2020 /PRNewswire-AsiaNet/ --

-- New innovations help customers enhance decision making, improve visibility, 
and unlock new growth opportunities

To help growing organisations across industries adapt to change and build for 
the future, Oracle NetSuite(https://www.netsuite.com.au/portal/au/home.shtml ) 
today announced a series of new innovations within the NetSuite platform. The 
latest updates to NetSuite help organisations streamline and enhance financial, 
supply chain, and operational management, while also improving the customer 
experience. 

"It's been an overwhelming year of change and businesses have been forced to 
build for a new reality," said Evan Goldberg, EVP of Oracle NetSuite. "To help 
our customers in ANZ navigate all of this change, we have introduced new 
innovations across the suite, from finance, ecommerce and operations, to reduce 
IT complexity, streamline business processes, improve decision making, and 
enhance the customer experience. The latest updates will help our customers 
gain real-time visibility into their business so that they have the agility and 
control required to successfully build for what's next."

The latest innovations within NetSuite include updates to help finance and 
accounting, supply chain and operations, sales and marketing, project 
management, and IT professionals.   

Finance and Accounting Professionals

    -- Accounts Payable Automation: Helps customers reduce manual efforts and 
       streamline financial management by enabling finance teams to digitally 
       manage workflows and automate entry of invoices, electronic payment |
       processes, and scheduled payment runs. 
    -- Transactions and Invoice Automation: Helps customers eliminate time-
       intensive and repetitive tasks by enabling finance teams 
       to automate invoice grouping, intercompany cross charges, and the 
       creation and posting of transactions.

Supply Chain and Operations Professionals

    -- Automated Fulfillment Capabilities: Help customers allocate inventory 
       to optimise profit by automatically filling orders based on user-
       defined criteria such as lead time, shipping cost, or fill rate. 
    -- Supply Planning Capabilities: Help customers align supply and demand 
       by providing new planning features for material requirements planning 
       (MRP) and a dedicated repository that allows planners to easily 
       monitor, release, and review orders.  
    -- Intelligent Predicted Risk: Helps customers gain greater insight into 
       the potential risks of goods not shipping on time. For example, 
       machine learning algorithms can identify purchase, sales, or transfer 
       orders that are at risk and provide alternative recommendations.

Project Management Professionals

    -- Expense Management Automation: Helps customers streamline the expense 
       process and reduce data entry errors by populating expense lines 
       directly from American Express corporate credit cards.  
    -- Resource Planning Enhancements: Help customers improve utilisation and 
       resource planning by providing a unified view of project budgeting and 
       assignments. Project managers will have the ability to identify 
       skilled resources, view availability and conflicts, and check 
       budgetary constraints to improve project profitability.

Administrators and Developers

    -- NetSuite Analytics Warehouse: Helps customers improve decision-making 
       by aggregating multiple sources of data, leveraging interactive 
       visualisations, predictive analytics and more. This new capability 
       extends SuiteAnalytics through an integration with 
       Oracle Analytics Cloud 
       (https://www.oracle.com/business-analytics/fusion-analytics.html) and 
       Autonomous Data Warehouse. 
    -- SuiteAnalytics Enhancements: Help customers build reports and 
       analysis across the business by supporting multiple datasets in the 
       SuiteAnalytics Workbook. Administrators and developers can take 
       advantage of new pivot tables and advanced visualisation capabilities 
       to view sales performance, project status, and product stock and  
       fulfillment. 
    -- Application Performance Manager Dashboards: Help users quickly spot
       issues and find resolutions by providing a real-time view of account 
       status through a new performance health dashboard. Administrators can 
       view overall performance, flag system bottlenecks, and avoid 
       disruptions for day-to-day end-users.  

In addition to the latest product updates, NetSuite has also introduced 
Business Now (https://www.netsuite.com.au/portal/au/home.shtml ), a resource 
guide designed to help businesses navigate the unknown and plan for what's 
next. It includes practical guidance, industry insights, and inspirational 
stories from businesses about how they are adapting to change.  

To learn more about the latest updates and resources for businesses, tune into 
NetSuite Now On Air (https://www.netsuite.com.au/portal/au/home.shtml ), a new 
virtual event series offering practical advice on today's most important 
business topics with NetSuite executives, industry experts, and customers. Over 
15 hours of content will be available on-demand for free between November 17 - 
19, 2020. 

Product Availability
The following capabilities are available today in the NetSuite platform: cash 
management, transactions, and invoice automation; NetSuite planning and 
budgeting enhancements; automated fulfillment; supply planning; intelligent 
predicted risk and SuiteAnalytics enhancements. 

The following capabilities will be made available in future platform releases: 
accounts payable automation; NetSuite Analytics Warehouse; and expenses 
management automation.

About Oracle NetSuite
For more than 20 years, Oracle NetSuite has helped organisations grow, scale 
and adapt to change. NetSuite provides a suite of cloud-based applications, 
which includes financials / Enterprise Resource Planning (ERP), inventory 
management, professional services automation and omnichannel commerce, used by 
more than 22,000 customers in 203 countries and dependent territories.

Learn more at https://www.netsuite.com.au or via the NetSuite blog 
(https://www.netsuite.com/blog/ ). Like us on Facebook 
(https://m.facebook.com/NetSuite/ ), and follow us on LinkedIn 
(https://www.linkedin.com/company/netsuite/ ), Instagram 
(https://www.instagram.com/oraclenetsuite/ ), and Twitter 
(https://twitter.com/netsuite ).

Logo - https://mma.prnewswire.com/media/1307700/Oracle_NetSuite_Logo.jpg

SOURCE:  Oracle America 

CONTACT: Suzanne Myerson,
         smyerson@netsuite.com