As a trusted Oracle NetSuite Solution Provider, we’ve had the honour of attending SuiteWorld for the 10th time this year in Las Vegas, witnessing the launch of cutting-edge advancements of NetSuite CloudERP. This year, SuiteWorld 2024 is set to be a game-changer—especially in the realm of AI-driven innovation. This milestone event promises to be a showcase of transformative technologies and strategies designed to fuel business growth in an increasingly competitive landscape.
Unlocking Growth with Evan Goldberg
Kicking off this year’s event, NetSuite Founder and EVP Evan Goldberg unveiled customer-centric strategies and all-new AI-powered capabilities to drive business growth. Here’s a closer look at some key sessions, announcements, and how these developments can empower your business growth in the era of AI.
All Systems Grow
In this fast-paced world, businesses need a foundation that supports resilience and scalability. With the latest AI enhancements introduced across NetSuite at SuiteWorld 2024, businesses achieve greater productivity and smarter decision-making. Here are some highlights:
- NetSuite Financial Exception Management: Using AI to automatically flag financial anomalies, this feature improves efficiency while mitigating risk by focusing attention on the most critical financial exceptions.
- SuiteAnalytics Assistant: Tap into smarter insights with generative AI that can analyze your business data and provide valuable visualizations in an intuitive interface.
- Generative AI for SuiteScript API: Developers can now embed generative AI capabilities into NetSuite extensions, opening up new ways to unlock value across customizations.
These innovations underscore NetSuite’s commitment to infusing its platform with AI-powered features, allowing businesses to focus on strategy rather than administrative burdens.
Optimizing Financial Decision-Making with AI
NetSuite’s AI advancements aren’t just confined to analytics. They are reshaping the finance function by making operations more efficient and insightful. Sessions like Finance in the Age of AI and AI-Powered Dashboards showcase how:
- AI-powered narratives in NetSuite Planning and Budgeting accelerate reporting and help you identify growth opportunities by analyzing trends and anomalies.
- The Cash 360 dashboard, embedded with AI, provides real-time, data-driven insights to help optimize cash flow and improve financial decision-making.
These features ensure financial leaders are equipped with tools that streamline processes, improve accuracy, and drive more competitive decision-making.
AI in Action: From Supply Chains to Workflow Automation
Whether you’re looking to improve your supply chain, subscription management, or warehouse operations, AI’s role in automating workflows and improving operational efficiency is transformative. Sessions like Leveraging AI to Improve the Bottom Line and AI-Powered NetSuite Integration demonstrate:
- The introduction of AI-driven NetSuite Analytics Warehouse, which allows businesses to centralize real-time data for enhanced forecasting, pattern recognition, and data visualization.
- AI-powered Auto-Insights and Oracle Analytics AI Assistant can help your business identify key drivers and trends without any technical skills, making AI more accessible to every department.
- NetSuite SuiteProcurement streamlines purchasing and procurement processes by integrating financial and procurement workflows. It enables seamless vendor integrations, helping customers reduce costs and enhance financial control by connecting with preferred suppliers for discounted pricing. The platform automates approval processes, ensuring compliance and protecting budgets through tailored workflows based on factors like location and department.
Security & Privacy at the Core
Built on Oracle Cloud Infrastructure (OCI), these AI innovations respect enterprise-grade data privacy and security. NetSuite ensures that your business data remains secure, with no data shared with large language model providers, ensuring role-based security is embedded into every workflow. This protection provides peace of mind while you take advantage of the AI-driven enhancements.
What Does This Mean for You?
SuiteWorld 2024 is your opportunity to experience these AI-powered innovations first-hand. If you’re looking to boost efficiency, improve financial management, and leverage cutting-edge technology, now is the time to act.
We’re confident that the latest 2024.2 release of NetSuite will help your business thrive, and we’re excited to share these advancements with you.
Schedule a demo with our consultants to explore how you can accelerate your AI journey and future-proof your business with NetSuite’s latest capabilities now.
*The availability of newly announced features is subject to NetSuite’s release schedule and may be limited to specific markets.