NetSuite
Helps Organizations Capitalize on New Growth Opportunities
New automation, insights, and
efficiency capabilities enhance financial, inventory, and operational
management for organizations of all sizes
To help organizations adapt to
change and take advantage of increasing growth opportunities, Oracle NetSuite
today announced a series of new innovations within NetSuite. The latest updates
to NetSuite further streamline and enhance financial, inventory, and operational
management with the addition of powerful new automation, insights, and
efficiency capabilities.
“All organizations have gone through
seismic changes and while obstacles remain, opportunities are growing,” said
Evan Goldberg, EVP of Oracle NetSuite. “We want to give our customers the tools
needed to embrace these opportunities with confidence and optimism. The latest
updates to the NetSuite platform enhance the financial, inventory management,
automation, and analytics capabilities so that our customers can maximize
operational performance and accelerate growth.”
Smart
Financials and Operational Automation
- Centralized Purchasing and Billing: Improves spend management, increases productivity, and
reduces PO volume by consolidating purchases across multi-subsidiary
organizations, generating vendor payments from a single location, and
automating cross-charges.
- SuiteApprovals Email Approval: Enables organizations to simply click an email link to
review, approve, or reject transactions. In addition, an email approval
log is available so that all approvals can be reviewed and audited before
they are updated in the system.
- SuiteCommerce: Allows
organizations to manage pages and content on their SuiteCommerce webstores
in different languages within a single place, making global expansion
easier and eliminating the need to purchase a different website per
language. Users can now quickly add a full featured blog to the SuiteCommerce
site to help increase SEO, drive webstore traffic, improve time spent on
the site, and reduce the cost of inbound marketing.
Automated
Inventory Management
- Pack Station:
The touchscreen interface simplifies and increases the efficiency and
accuracy of the packing process, while new functionality enables orders
with the same shipping routes to be grouped together so they can be packed
together. The feature also adds an extra layer of verification before
orders ship to help prevent customer issues and avoid the added costs of
reshipping.
- Warehouse Management System (WMS): New WMS capabilities allow organizations to enhance
wave picking, tally scans, cart put-away, and label printing. With the new
capabilities, picking waves can now be organized by delivery times and
shipping address, while wave automation enhancements enable organizations
to take advantage of off-peak processing.
Analytics
and Insights
- SuiteAnalytics:
Users can add calculated fields on aggregated columns in a workbook,
allowing them to gain real-time insights tailored to their business.
Conditional formatting has also been added, allowing for customized
highlighting of values to notify users of the data that is most in need of
their attention. Native language support for SuiteAnalytics Workbooks is
now available so that users can analyze and explore company data and
workbooks in their language of choice.
- SuitePeople Performance Management: Eight new interactive charts with SuiteAnalytics
Workbooks provide HR leaders with visibility into how groups of employees
or individuals are performing. A new goals portlet has also been added so
goals are more visible to employees, helping them stay focused and
engaged, and managers can easily view how employees are tracking to set
goals.
Source: Oracle media announcement