New NetSuite SuiteSuccess Edition helps organizations with product and service offerings increase efficiency, expand insights, and enhance the customer experience
Oracle NetSuite announced a new solution to help organizations with diverse product and service offerings increase efficiency and accelerate growth. With NetSuite SuiteSuccess Anything-as-a-Service (XaaS) Edition, organizations with diverse offerings can take advantage of the latest advancements in cloud computing and AI to reduce software costs and complexity, expand business insights, enhance the customer experience, and drive revenue growth.
“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.”
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NetSuite SuiteSuccess XaaS Edition is a pre-configured solution that leverages over 25 years of industry-leading best practices, combined with deep domain knowledge, to deliver a unique set of role-based dashboards, reports, KPIs, and workflows. With tailored industry product and service offering functionality, NetSuite SuiteSuccess XaaS Edition can help organizations with diverse offerings gain faster time to value, improve business visibility, and establish a scalable foundation to efficiently support growth.
NetSuite SuiteSuccess XaaS Edition includes:
- Financial management: Helps organizations with product and service businesses standardize and streamline financial processes across different revenue streams by automating transaction reporting, accounts payables and receivables, and closing processes.
- Multi-location inventory management: Helps organizations with product and service businesses optimize stock levels, simplify inventory transfers, and reduce stockouts by providing real-time inventory visibility across all channels including warehouses, retail stores, drop shippers, 3PLs, trunk stocks, and more.
- Project management: Helps organizations with project-based businesses improve the speed and accuracy of accounting and billing processes and reduce risk by centralizing project activity and financial workflows and automating staffing, scheduling, budget tracking, and billing.
- Revenue recognition: Helps organizations with a recurring revenue component simplify revenue management by automating revenue scheduling, allocation, and reporting processes.
SOURCE: Netsuite