Oracle NetSuite’s mission for the past 25 years has been to support businesses of all sizes to scale their operations. Though many established businesses have been able to improve their workflows by the ERP system provided by NetSuite, startups have not been far behind in the race. Many startups have leveraged the power of NetSuite ERP to scale their businesses in very less time gaining the much-required glory in the industry.
NetSuite provides a single business cloud system to manage all the operations. Many AI startups and companies have been able to set-up a smooth business by implementing the services of NetSuite. A few of the successful startups include: Anyscale, Clarifai, Cohere, and SymphonyAI. Through the leading ERP system in the industry, high-tech businesses can integrate and automate their processes to improve business visibility and for better decision- making.
“There is a worldwide race to build the next generation of AI systems, and AI companies are challenged to find ways to fund new product innovations, bolster their top and bottom lines, and keep up with increasing competition,” said Evan Goldberg, founder and executive vice president, Oracle NetSuite. “Over the past few years, many of the fastest-growing AI companies have selected NetSuite to increase the speed and accuracy of business processes, expand operational insights, and efficiently grow as they drive a new era of AI innovation.”
Let’s talk about each startup and their journeys:
Anyscale
Anyscale is an AI company started in 2019 founded by the creators of Ray. The company offers modern age AI solutions to businesses to simplfy the process of creating and scaling AI applications. This is done by proving the developers with the basic underlying infrastructure that is required to build complex models. This helps them to easily create products in less time and without complex machine learning (ML) systems. This way, they are able to complete bigger AI projects and launch cutting edge technology with simplified solutions.
With NetSuite Anyscale has been able to improve its operational efficiency by optimizing its workflow through automated processes. “As AI becomes a competitive necessity, we’re seeing increased demand for Anyscale’s infrastructure and development platform—which also creates more complexity for our accounting team,” said Yun Jung Choi, Head of Finance, Anyscale. “NetSuite has helped us improve efficiency and integrate data workflows, which has enabled us to gain a more complete picture of our finances and cultivate strategic insights for our growth.”
Clarifai
Clarifai is a leading AI orchestration and development company, which helps in computer vision, natural processing language (NPL) and machine leaning (ML). It was founded by Matt Zeiler in 2013 to help organizations analyze images, videos and text data. They offer both pre-made and custom-made AI models to customers.
NetSuite has helped Clarifai use the unified business processing cloud to automate and simplify its processes leading to business growth. “With recent excitement around generative AI, we recently surpassed 1.5 million AI models built on our platform, and to support our ongoing growth, we needed a flexible, scalable business solution,” said Matthew Zeiler, founder and CEO, Clarifai. “NetSuite grows with our business, automating our manual operational processes and freeing up resources so we can accelerate business outcomes and help our customers solve more problems with AI.”
Cohere
Cohere is a tech company that specializes in curating AI driven solutions for enterprises. It was founded by a team of researchers and focuses on making human language more accessible to machines. With the help of NetSuite Revenue Recognition and OneWorld, the company has been able to automate revenue reports, analyze financial data, improve efficiency in decision making and comply with regulations.
“Cohere has grown rapidly in recent years, and we needed an integrated business system that could scale with us. To build the leading global security-focused enterprise AI company, we turned to Oracle NetSuite,” said Laura Moss, vice president of finance, Cohere. “NetSuite has provided huge efficiency advantages. The AI capabilities in NetSuite have provided us with accurate data so that we can make better and faster decisions and spend more time on building our business.”
SymphonyAI
SomphonyAI is one of the industry leaders when it comes to enterprise AI SaaS used for digital transformation during the most critical growth verticals of a company, be it retail, manufacturing, packaging, customer goods, IT, etc. With the help of NetSuite SuiteSuccess Software edition and NetSuite OneWorld, SymphonyAI has been able to consolidate it processes and optimize the workflow to get more than 2,000 customers globally and more than 3,000 team members.
“Over the last three years, we’ve achieved dramatic revenue growth and achieved profitability. As we grew, we needed a robust business system that could help us scale processes and improve employee productivity,” said Bill Bragg, chief information officer, SymphonyAI. “NetSuite is helping us streamline processes, expand insights, and improve decision-making to increase efficiency as we expand our global operations.”
