Oracle NetSuite Introduces Generative AI Features Along With New Finance and Customer Experience Capabilities

Oracle NetSuite is introducing a series of new product innovations to help organizations reduce costs and run more efficiently. The latest NetSuite innovations include both traditional and generative AI-powered capabilities across the entire suite; new field service management and enterprise performance management (EPM) solutions; and new capabilities that help finance and customer experience professionals improve the speed and accuracy of business processes.

“Over the past 25 years, our mission has stayed the same: deliver a unified suite of cloud applications that enable customers to do more with less and grow their businesses,” said Evan Goldberg, founder and EVP, Oracle NetSuite. “We continue to extend the capabilities of NetSuite to support this mission and help our more than 37,000 customers benefit from the latest cloud and AI innovations. Our new updates include traditional and generative AI capabilities embedded throughout the suite to help increase user productivity, reduce costs, and improve overall business efficiency.”

NetSuite is launching new generative AI-powered capabilities across the entire suite and adding new traditional AI capabilities to help customers enhance planning and budgeting, reduce manual data entry, and expand business insights.

New AI-powered capabilities include:

  • NetSuite Text Enhance
  • NetSuite Planning and Budgeting
  • NetSuite Bill Capture
  • NetSuite Analytics Warehouse

Other features include:

  • NetSuite Enterprise Performance Management (EPM)
  • NetSuite Capital
  • NetSuite Pay
  • NetSuite Electronic Invoicing
  • NetSuite Transaction Line Distribution
  • NetSuite Benchmark 360

NetSuite is also introducing a new licensing model that will give customers task-specific licenses for employees that don’t require full access. 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. Initially available for NetSuite Warehouse Management, the new licensing model will make it easier for customers to boost productivity by giving more employees access to NetSuite.

New features in NetSuite Planning and Budgeting, NetSuite Bill Capture, NetSuite Capital, NetSuite Transaction Line Distribution, SuiteCommerce MyAccount, and NetSuite CPQ are now available. Other new features across the suite will be available in the next twelve months.

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