Oracle NetSuite is introducing a series of new product innovations to help businesses in the U.K. optimize finance processes, expand insights, and increase efficiency.
The latest updates for customers in the U.K. 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, organizations in the U.K. 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 U.K. businesses include:
- NetSuite Text Enhance: Helps businesses leverage generative AI to create and refine contextual and personalized 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.
- 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.
- NetSuite Analytics Warehouse Multi-Instance Connector: Helps businesses in the U.K. 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.
- 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 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, put-away, picking, and shipping, will gain access to NetSuite’s relevant warehouse management functionality without requiring a full subscription.
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