New innovations help customers enhance decision making, improve visibility, and unlock new growth opportunities
To help small and mid-sized organizations across industries adapt to change and build for the future, Oracle NetSuite announced a series of new innovations within the NetSuite platform. The latest updates to NetSuite help organizations streamline and enhance financial, supply chain, and operational management, while also improving the employee and customer experience.
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“It’s been an overwhelming year of change and businesses have been forced to build for a new reality,” said Evan Goldberg, EVP of Oracle NetSuite. “To help our customers navigate all of this change, we have introduced new innovations across the entire suite, from finance and ecommerce to HR and operations, to reduce IT complexity, streamline business processes, improve decision making, and enhance the customer and employee experience. The latest updates will help our customers gain real-time visibility into their entire business so that they have the agility and control required to successfully build for what’s next.”
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The latest innovations within NetSuite include updates to help finance and accounting, supply chain and operations, sales and marketing, HR, project management, and IT professionals.
Finance and Accounting Professionals
- New Cash Management Capabilities: Help customers easily connect to thousands of financial institutions around the world. The powerful connections automatically import transactions and account balances directly into NetSuite. This helps finance leaders improve decision making through real-time insights into bank activity and also greatly reduces reconciliation time by automatically matching bank data with transactions.
- Accounts Payable Automation: Helps customers reduce manual efforts and streamline financial management by enabling finance teams to digitally manage workflows and automate entry of invoices, electronic payment processes, and scheduled payment runs.
- Transactions and Invoice Automation: Helps customers eliminate time-intensive and repetitive tasks by enabling finance teams to automate invoice grouping, intercompany cross charges, and the creation and posting of transactions.
- Better Budgeting: Helps finance teams automate the budgeting process, eliminate manual data collection, and reduce budgeting cycle times with a dedicated budgeting solution and added capabilities for revenue and expense projections.
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