Day 2 of SuiteWorld 2024: New AI Solutions in NetSuite for enhanced productivity and risk reduction
On the Day 2 of SuiteWorld, Oracle NetSuite revealed new AI solutions that let users get more out of their suite investment. The most recent AI-powered features in NetSuite, which expand on the generative AI built across the suite, will enable users to identify financial anomalies, engage with data in novel ways, and incorporate and modify generative AI within NetSuite extensions. Customers can therefore benefit from the most recent AI advancements to help boost productivity, reduce risk, promote better decision-making, and expedite the achievement of their objectives.Â
The latest NetSuite AI updates include:
- Through NetSuite Financial Exception Management, businesses can reduce risk and boost productivity by utilizing artificial intelligence to automatically identify financial exceptions. Customers are therefore able to promptly evaluate the state of affairs, pinpoint the activities that require further investigation, and obtain practical insights to assist in resolving problems before the period end deadline.Â
- Through NetSuite SuiteAnalytics Assistant, users can build reports and visualizations using SuiteAnalytics and generative AI using a natural language interface, helping organizations make better decisions and gain new insights. To obtain creative AI-powered summaries and key takeaways, users can request reports on accounts payable aging or the top five clients based on balance.Â
- Through NetSuite Prompt Studio, administrators and developers may customize the structure, tone, and degree of inventiveness of responses, which aids in improving the quality of AI-generated content for their organizations. Customers may thereby increase end-user productivity and have more control over the setup of generative AI prompts.Â
- Through Generative AI for SuiteScript API businesses to integrate generative AI capabilities into NetSuite extensions and customizations, enabling them to swiftly roll out new AI-powered features and maximize suite value. Because of this, clients may easily enhance NetSuite’s built-in AI capabilities with generative AI-driven SuiteApps to meet their specific business requirements.Â
- Through Oracle Code Assistance OutfitScript optimization helps companies become more productive by allowing developers to work with an AI code companion to create NetSuite extensions and customizations more quickly. Developers may now quickly and simply write boilerplate code, construct and execute unit tests, produce documentation, and get coding-related help.Â
- Through NetSuite Advanced Customer Support (ACS) AI Playbook assists businesses in setting up, refining, and developing new AI-powered features across the suite. Customers are able to swiftly implement new capabilities that facilitate greater productivity, deeper insights, and better decision-making.Â
- Through Oracle Code Assistance OutfitScript optimization helps companies become more productive by allowing developers to work with an AI code companion to create NetSuite extensions and customizations more quickly. Developers may now quickly and simply write boilerplate code, construct and execute unit tests, produce documentation, and get coding-related help.Â
- Through NetSuite Advanced Customer Support (ACS) AI Playbook assists businesses in setting up, refining, and developing new AI-powered features across the suite. Customers are able to swiftly implement new capabilities that facilitate greater productivity, deeper insights, and better decision-making.Â
The AI capabilities embedded in NetSuite are built on top of Oracle Cloud infrastructure (OCI) and leverage its industry-leading AI services. OCI Generative AI services ensure that no customer data is shared with large language model (LLM) providers or viewed by other customers. Additionally, role-based security is integrated directly into NetSuite workflows to protect sensitive information and only recommends content that end users are authorized to view.Â
Note
Always refer to the official NetSuite documentation for detailed and specific guidance based on your NetSuite version. Additionally, you may want to involve your NetSuite administrator or seek assistance from NetSuite support for any specific challenges you encounter during the setup process.