Oracle NetSuite announces its latest series of innovations

Data Centre Magazine is in Las Vegas, attending Oracle’s SuiteWorld 2022 event. 

Today, Oracle NetSuite announced a series of new product innovations. These are geared towards helping its users run more efficiently and increase the bottom line. To this aim, the newly-released tools span everything from AP (accounts payable) automation, to workforce management solutions.

The details of Oracle NetSuite’s new product features

The latest innovations that NetSuite will introduce include: 

• NetSuite AP Automation - an AP automation solution that increases the accuracy and speed of processing bills and making payments
• NetSuite CPQ - a CPQ (configure, price, quote) solution that accelerates and simplifies the sales process
• NetSuite SuitePeople Workforce Management - workforce management solution that streamlines scheduling, time tracking, and wage calculations, helping organisations to balance labour costs and profitability
• NetSuite Ship Central - a shipping solution that brings added efficiency to warehouse operations

In addition, NetSuite has introduced a variety of new automation and analytics tools. 

The newly-developed tools span a wide variety of fields, including data residency, intercompany netting, inventory management, mobile manufacturing, planning and budgeting, and quality management. 

These extra features are designed to give organisations a greater level of insight and control, thereby helping them to increase productivity and profitability.

Oracle NetSuite’s ongoing data centre expansion

NetSuite's data residency advancements include a number of new data centres that have been built on Oracle Cloud Infrastructure, to help customers meet residency requirements and reduce latency, by bringing NetSuite and data closer to customers. 

In the past year, NetSuite has opened 11 data centres in five new cities, including Amsterdam, Newport, Osaka, San Jose, and Tokyo.

“With an economy in transition, businesses can look to the certainty of data to find new paths to profitability and growth,” commented Evan Goldberg, the Founder and EVP of Oracle NetSuite. 

“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.”