SuiteWorld 2024 is the largest NetSuite Conference being held at Ceasars Forum in Las Vegas. The conference began on 9th September 2024 with a Keynote Session. The proceedings of the event were started by the vice president of NetSuite- Evan Goldberg. Major updates, innovations and AI integrations were revealed in the keynote. Let’s look through them one-by-one.
RedWood UX
Oracle NetSuite has launched new UX Redwoood for a transformed user experience. This has been brought into view to better understand the customer needs, simplify complex interactions and improved usability. The new system has the capabilities to integrate Natural languages, customize dashboards and features enhanced Seach and Command Box. You can view the functionality of thi UX under Customer 360 dashboard.
Advanced AI Capabilities
NetSuite now has advanced AI tools that will help businesses grow and improve efficiency. These innovations include financial exception management which is a digital assistant in SuiteAnalytics which has generative AI capabilities. The businesses can leverage the power of new features of NetSuite to reduce risk and achieve goals. The tools that are newly added included digital assistance in SuiteAnalytics, financial exception management and generative AI for improved content creation.
SuiteProcurement
Connector for sharing information between NetSuite and Salesforce
The new tool introduced is capable of sharing information between the two software which brings effectiveness into the operations by improving the visibility into core financial leading to efficiency in order fulfillment.
Enhanced AI capabilities in SuiteAnalytics Warehouse
The SuiteAnalytics Warehouse has been improved by NetSuite by integrating AI into the tool which would help in better data analysis and forecasts. The businesses can uncover distinct growth opportunities by leveraging the custom machine learning (ML) models in the warehouse system.
New features in EPM
NetSuite’s Enterprise Performance Management has been improved by the implementation of Generative AI. Forecasting and automation in Planning and Budgeting modules will optimize the EPM Workflow.
Introduction of SuiteProjects Pro
SuiteProjects, which was earlier called OpenAir is now providing better insights into the projects of the business by its newly embedded AI capabilities and forecasting properties.
Enhanced Training Modules
In SuiteWorld 2024, NetSuite has announced tailored learning modules and resources along with clearer report analysis for the users to get effective training in the usage of software for improved productivity.
SuitePeople integrated with Benefits
NetSuite provides health benefit marketplace by integrating SimplyInsured into its system. This will give an ease of automated payroll deductions and improved financial insights.
The Vice President concluded his speech by emphasizing on NetSuite’s focus on driving business growth, streamling operations and better user experience reforms. This was all about Day 1 of SuiteWorld 2024. We will soon post the updates on Day 2 of the conference. So, Stay Tuned!
