Latest AI innovations help customers increase productivity, expand insights, improve decision-making and capitalize on growth opportunities
LAS VEGAS, September 9, 2024 /PRNewswire/ — SuiteWorld — Oracle NetSuite today announced new AI-powered updates for NetSuite Enterprise Performance Management (EPM)The latest updates will help finance teams streamline reporting, expand insights, improve decision-making, and steer their business toward new growth opportunities.
“Finance teams often spend a lot of time collecting data and creating stories to explain financial results, justify important decisions, and forecast future growth. This can be a labor-intensive process that often diverts time from more strategic analysis and slows decision-making,” said Evan GoldbergFounder and Executive Vice President of Oracle NetSuite. “To meet this challenge, the latest updates to NetSuite EPM help finance teams harness powerful AI innovations to increase efficiency, expand insights, and enable more time for value-added activities.”
NetSuite EPM is based on Oracle Fusion Cloud Enterprise Performance Management and is integrated with NetSuite, helping organizations improve the efficiency and accuracy of financial processes and gain the business insights they need to drive the business forward. The latest AI updates for NetSuite EPM include:
- Generative AI for narrative reporting: Helps finance teams increase productivity, expand insights, and accelerate decision-making by efficiently and accurately creating AI-powered stories, explanations, and visuals from financial and transactional data.
- AI-powered stories in NetSuite Planning and Budgeting: Help finance teams accelerate reporting and quickly capitalize on business growth opportunities by enabling them to identify patterns, trends, and anomalies and provide detailed AI-generated commentary and stories with Intelligent Performance Management (IPM) Insights.
- Explaining predictive forecasting in NetSuite Planning and Budgeting: Help finance teams increase forecast accuracy and confidence, improve business insight, and act quickly by enabling them to quickly and easily understand the key drivers behind AI-generated forecasts.
- AI-driven digital assistant for NetSuite EPM: Helps finance teams increase productivity and accomplish a variety of tasks using natural language conversations through an intuitive AI-powered interface that improves the user experience.
Get all the latest updates from SuiteWorld by signing up for SuiteWorld On Air: netsuitesuiteworld.com/onair. By registering, attendees will have access to keynotes, sessions, and demos. Learn how businesses are leveraging the power of NetSuite to improve productivity and drive growth.
About Oracle NetSuite
For more than 25 years, Oracle NetSuite has helped businesses grow, evolve, and adapt to change. NetSuite provides an integrated system that includes financials/enterprise resource planning (ERP), inventory management, human resources, professional services automation, and omnichannel commerce, used by more than 40,000 customers in 219 countries and dependent territories.
Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite pioneered the cloud, ushering in a new era of cloud computing.
SOURCE Oracle NetSuite
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