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Oracle NetSuite Unveils NetSuite Next

In a groundbreaking announcement made at SuiteWorld, Oracle NetSuite introduced its latest innovation, NetSuite Next. This product is engineered to revolutionize business operations with collaborative features and advanced AI functionalities, setting a new standard for enterprise resource planning. The emerging capabilities highlight the focus on adaptability, insight, and usability, aligning perfectly with the evolving landscape of business technology.

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Transforming Business with AI

NetSuite Next incorporates an array of powerful AI tools that fundamentally change how businesses interact with their enterprise resource planning (ERP) systems. By adding embedded conversational AI, agentic workflows, and natural language search capabilities, this new version helps streamline repetitive tasks, relieving employees from mundane engagements.

According to Evan Goldberg, Oracle NetSuite's founder and executive vice president, “NetSuite Next integrates AI seamlessly into daily workflows, enabling users to achieve faster results, facilitate intuitive decision-making, and bolster their overall confidence in business processes.”

The premise of NetSuite Next is to make AI an integral part of the user’s experience, allowing businesses to derive insights quickly while maintaining the reliability that enterprise operations demand.

Key Features

• - Ask Oracle: Central to this new user experience, this feature uses natural language processing to allow users to interact with the massive datasets available within NetSuite using plain language. Whether a user needs to search, analyze, or act on data, Ask Oracle translates their requests into actionable results, revealing not just what can be done but also providing context about the insights gathered.
• - AI Canvas: This collaborative workspace merges visual interactivity with analytical capabilities. It invites teams to visualize data in a way that sparks conversation and solution brainstorming, resulting in proactive approaches to problem-solving.
• - Agentic Workflows: This feature streamlines complex processes, such as vendor selection and payment proposals, with automated selections and recommendations based on user input. Users retain approval authority, fostering an environment where informed, timely decisions are made with minimal friction.
• - Insightful Narratives: Automated reporting brings the power of data to the forefront, providing users with narratives that highlight trends and correlations, enabling early identification of risks or opportunities.
• - Document Automation: Leveraging large language models, NetSuite Next enhances the handling of paperwork by extracting and validating key information from invoices, contracts, and other relevant documents. This innovation significantly reduces manual errors and boosts productivity across departments.

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Availability

Initially, NetSuite Next will be offered to customers in North America over the next twelve months, with plans to expand availability in the future. The rollout aims to be a seamless transition, as customers can switch to NetSuite Next at the touch of a button, without reconfiguring existing customizations.

A Commitment to the Future

With this move, Oracle NetSuite continues to solidify its position as the leading AI Cloud ERP provider with over 43,000 customers in 220 countries. Built on Oracle Cloud Infrastructure, NetSuite Next not only promises enhanced operational efficiency but also ensures customers that every insight and action remains grounded in reliable data governed by established user roles and permissions.

In summary, NetSuite Next embodies the essence of innovation in business management, blending advanced technology with human insight to equip companies with the tools needed to thrive in a rapidly changing business environment. With Oracle's commitment to delivering intelligent solutions, the future looks bright for organizations looking to leverage technology for sustainable growth.