Oracle NetSuite innovations to streamline operational management


Tuesday, 04 May, 2021


Oracle NetSuite innovations to streamline operational management

Oracle NetSuite has announced a series of new innovations within NetSuite, to help organisations adapt to change and take advantage of increasing growth opportunities. The updates to NetSuite further streamline financial, inventory and operational management with the addition of new automation, insights and efficiency capabilities.

Evan Goldberg, EVP of NetSuite, said the latest updates to the NetSuite platform enhance the financial, inventory management, automation and analytics capabilities so that customers can maximise operational performance and accelerate growth.

“All organisations have gone through seismic changes and, while obstacles remain, opportunities are growing. We want to give our customers the tools needed to embrace these opportunities with confidence and optimism,” said Goldberg.

The latest innovations within NetSuite include updates in Smart Financials and Operational Automation, Automated Inventory Management, and Analytics and Insights.

Innovations in Centralised Purchasing and Billing should improve speed management, increase productivity and reduce PO volume by consolidating purchases across multisubsidiary organisations, generating vendor payments from a single location and automating cross-changes.

Organisations will now be able to use the Bank Feeds SuiteApp to automate the importing of financial data from banks across the world, including Australia, New Zealand and Asia. The new SuiteApp simplifies tedious reconciliation tasks.

With SuiteApprovals Email Approval, organisations will be able to click an email link to review, approve or reject transactions. An email approval log is also available so all approvals can be reviewed and audited before they are updated in the system.

SuiteCommerce Advanced enables organisations to manage pages and content on their SuiteCommerce Advanced web stores in different languages within a single space, eliminating the need to purchase a different website per language. Users can now add a full featured blog to the SuiteCommerce Advanced site to help increase SEO, drive web store traffic and reduce the cost of inbound marketing.

The latest innovations within Automated Inventory Management include Pack Station, a touchscreen interface that simplifies and increases the efficiency of the packing process. The new functionality enables orders with the same shipping routes to be grouped together so they can be packed together. This feature also adds an extra layer of verification before orders ship, to prevent customer issues.

New Warehouse Management System (WMS) capabilities will enable organisations to enhance wave picking, tally scans, cart put-away and label printing. Organisations will also be able to organise picking waves by delivery times and shipping address, while wave automation enhancements enable organisations to take advantage of off-peak processing.

Oracle NetSuite has also announced new innovations within SuiteAnalytics that will enable users to add calculated fields on aggregated columns in a workbook, allowing them to gain real-time insights tailored to their business. Conditional formatting has also been added, enabling customised highlighting of values to notify users of the data that is most in need of their attention. Native language support for SuiteAnalytics Workbooks is also available, so users can analyse and explore company data and workbooks in their language of choice.

Image credit: ©stock.adobe.com/au/metamorworks

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