SuiteWorld 2022: Oracle NetSuite Extends Platform Capabilities

Oracle NetSuite has announced a series of product updates at SuiteWorld 2022 in Las Vegas.

Evan Goldberg (pictured above, onstage at SuiteWorld), NetSuite founder and executive vice president, took to the stage in front of 5,200 customers and partners at the software vendor’s first in-person event post-pandemic. He outlined several innovations to the software vendor’s road map.

“With an economy in transition, businesses can look to the certainty of data to find new paths to profitability and growth,” said Goldberg. “To help our customers do this, we continue to extend the capabilities of NetSuite. The latest updates span everything from financial management to HR to sales processes. They’re designed to help our customers run their business in a better way and support their growth journeys.”

First up is a new AP (accounts payable) automation solution to increase the accuracy and speed of processing bills and making payments. Its aim is to grow sales, deliver a seamless buying experience for customers, improve the efficiency of warehouse operations, and adapt staffing to changing business needs.

There is also a new CPQ (configure, price, quote) solution to accelerate and simplify the sales process. The solution is designed to help customers’ sales teams to quickly configure, price, and quote complex products more accurately.

Goldberg also unveiled a new workforce management solution that can streamline scheduling, time tracking and wage calculations. NetSuite Ship Central helps customers optimize fulfillment operations, eliminate manual processes and accelerate deliveries. It does this by allowing warehouse workers to do packing and shipping on a mobile or kiosk device.

Elsewhere, there is a new shipping solution to make warehouse operations more efficient. NetSuite SuitePeople Workforce Management simplifies and automates routine tasks such as shift scheduling, employee time tracking, and calculating wages. It can also provide recommendations on optimising staff scheduling.

In addition, NetSuite has introduced new automation and analytics. These are designed to enhance the financial, inventory management, manufacturing, and project management functionality within NetSuite.

New enhancements to NetSuite Analytics Warehouse enable customers to simplify data management, accelerate time to insights, and provide access to more pre-built third-party data integrations and industry-specific content. NetSuite Analytics Warehouse is also now available to customers in Australia and the U.K.