Oracle held its annual SuiteWorld conference in Las Vegas this past September. The event connects partners, customers, and developers of NetSuite, Oracle’s full suite of ERP solutions powering over 32,000 businesses’ success.
Suiteworld 2022 featured a variety of speakers, keynotes, and roundtables. NetSuite reported an ERP cloud revenue growth of 27%, saying, “they are accelerating into the recession because the benefits are enormous and equips companies to be more competitive. We don’t see this business slowing down.” The conference, using the theme “Full Suite Ahead,” focused on streamlining accounting, automating core processes, and empowering customers to make the most of their data.
NetSuite announced five new solutions in addition to various new features of existing solutions. These new solutions address the accounts payable (AP) process, the efficiency of warehouse operations, and staff management. Let’s take a look at what’s new at SuiteWorld 2022.
NetSuite AP Automation
NetSuite’s new accounts payable system allows customers to process and issue payments easier and faster than ever before, improving overall billing efficiency. The new automation embeds banking services provided by HSBC into a cloud ERP system.
NetSuite CPQ (Configure, Price, and Quote)
NetSuite’s new CPQ solution helps clients enable their sales teams to quickly and efficiently configure, price, and quote products, no matter the complexity, with total accuracy in NetSuite.
NetSuite Ship Central
Ship Central addresses warehouse efficiency by streamlining operations. This solution avoids the pitfalls of manual processes by empowering warehouse workers with all the needed packing and shipping capabilities on an app. NetSuite continues to fuel success through the automation of core business processes.
NetSuite SuitePeople Workforce Management
Speaking of automation, establishing efficient workforce management can help strike a balance between labor costs and profits. This new solution optimizes scheduling, time tracking, and salary calculations.
NetSuite Analytics Warehouse
NetSuite is known for its data management, automation capabilities, and streamlined workflows. Analytics Warehouse will allow for more rapid insight while providing access to additional third-party integrations. Katoomi has a team of experts ready to help you with any NetSuite integrations needed to run your business more efficiently.
“Businesses can look to the certainty of data to find new paths to profitability and growth. 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.” said Evan Goldberg, founder of Oracle NetSuite.
