SuiteWorld 2022 kicks off in Las Vegas with Oracle NetSuite announcing a series of new solutions to help SMEs

LAS VEGAS: A solution that can increase the accuracy and speed of processing and making payments plus a workforce management solution that can streamline shift scheduling and wage calculations were among the announcements made at the opening keynote by NetSuite founder Evan Goldberg.

What is SuiteWorld 2022?

SuiteWorld 2022 is the annual conference hosted by cloud-based software company Oracle NetSuite in Las Vegas. It is the largest gathering of NetSuite partners, customers and developers.

This year’s event included keynotes, speakers and roundtable discussions. The key themes raised at the opening keynote were business growth, hiring and empowering employees and optimising cash and profits.

What were the announcements?

NetSuite introduced five new solutions as well as various new capabilities to existing solutions. These address the accounts payable (AP) process, the efficiency of warehouse operations and staff management.

NetSuite AP Automation

NetSuite’s AP offering helps customers improve efficiency by making it easier and faster to process and make payments from within NetSuite. 

The new system embeds banking services provided by HSBC into a cloud enterprise resource planning system.

NetSuite CPQ

This comes under the “acquiring and growing” theme. A solution that helps customers enable sales teams to quickly configure, price, and quote (CPQ) complex products with complete accuracy directly in NetSuite.

NetSuite Ship Central

A solution that helps customers streamline warehouse operations and eliminate manual processes by equipping warehouse workers with packing and shipping capabilities on an app.

NetSuite SuitePeople Workforce Management

Automation was a recurring theme in the opening keynote and this new solution, NetSuite say, helps businesses balance labour costs and profitability. It automates routine tasks like shift scheduling, time tracking, and wage calculation. It can also provide recommendations on optimising staff scheduling.

NetSuite Analytics Warehouse

The last big announcement was NetSuite’s Analytics Warehouse solution. This enables customers to simplify data management, improve insight time, and provide access to more pre-built third-party data integrations and industry-specific content.

Businesses can automate tasks, improve inventory management and streamline workflows.

“Businesses can look to the certainty of data to find new paths to profitability and growth,” said Evan Goldberg, founder and EVP, 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.”

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