New NetSuite SuiteSuccess Edition Enhances Efficiency, Provides Deeper Insights, and Elevates Customer Experience
Oracle NetSuite has introduced a powerful new solution designed to help organizations with varied product and service offerings streamline operations, enhance insights, and foster business growth. The NetSuite SuiteSuccess Anything-as-a-Service (XaaS) Edition empowers businesses to harness advanced cloud computing and AI capabilities, enabling them to reduce software complexities, optimize operational efficiency, and deliver superior customer experiences.
“Gone are the days when businesses fell entirely into clean segments such as manufacturing or internet services. Modern businesses develop, distribute, and get paid for their offerings in diverse ways that make these artificial categories obsolete,” said Evan Goldberg, founder and executive vice president, Oracle NetSuite. “With this new SuiteSuccess edition, organizations can consolidate and streamline business processes and automate revenue recognition across their product and service offerings to improve efficiency, expand insights, and enhance the customer experience.”
Built upon more than 25 years of industry expertise, NetSuite SuiteSuccess XaaS Edition offers a comprehensive, pre-configured solution tailored to support businesses operating across multiple verticals. The solution provides role-based dashboards, reports, KPIs, and workflows, empowering organizations to gain faster time to value, improve operational visibility, and establish a scalable foundation for growth.
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Key features of NetSuite SuiteSuccess XaaS Edition include:
- Financial Management: Streamlines financial processes for businesses with diverse revenue streams by automating transaction reporting, accounts payable and receivable functions, and closing processes. This enables organizations to maintain accurate and timely financial records while minimizing manual tasks.
- Multi-Location Inventory Management: Delivers real-time inventory visibility across multiple channels—including warehouses, retail stores, drop shippers, and third-party logistics providers (3PLs)—to help businesses optimize stock levels, simplify transfers, and reduce stockouts.
- Project Management: Centralizes project activities and financial workflows for project-based businesses, automating key functions like staffing, scheduling, budget tracking, and billing. This helps increase the speed and accuracy of accounting processes while mitigating risks.
- Revenue Recognition: Simplifies revenue management for businesses with recurring revenue models by automating scheduling, allocation, and reporting processes. This ensures compliance and improves the accuracy of financial reporting.
NetSuite SuiteSuccess XaaS Edition empowers organizations to navigate the complexities of managing diverse offerings by delivering a unified solution designed to foster operational excellence and sustainable growth.