Follow-up from SuiteWorld 2022

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In case you missed my "Live from SuiteWorld" features, I plan to give you a couple of additional articles with some of the best news to report concerning what I heard and saw that was new and forthcoming from NetSuite. But one of the things I felt important to report was the impact this group's "suiteness" had on me.

First of all, size. There were more than 5,000 physically present at SuiteWorld, and when you consider that in light of its customer numbers, that's a monumental representation of its 32,000-plus customer base actually attending. 

Then, when you add that there were almost 8,000 virtually participating, I can only say, "Wow, how suite it was (for them)."

Second, enthusiasm. I haven't seen this kind of exuberance at an accounting technology conference since perhaps the early days of Sleeter or Scaling New Heights—everyone was as electrified as the opening keynote introductory first act.

Third, organized. The event itself was probably among the best I have ever attended in terms of organization, managed, secure and generally structured. With a few tech glitches in one or two small sessions, everything went perfectly.

Fourth, food. Again, among the best I have ever experienced at a conference, bar none. There was not one single rubber-chicken on the menu.

When it came to the announcements, Evan Goldberg, founder and EVP of NetSuite, rocked the crowd with product innovations geared toward helping them run their organizations more efficiently and increase their bottom lines. 

Starting with that very first keynote, Goldberg told the participants, "With an economy in transition, businesses can look to the certainty of data to find new paths to profitability and growth." He went on to say that "to help them (their customers) do this, they continue to extend the capabilities of NetSuite."

The latest updates encompass everything from financial management to HR to sales processes. They are designed to help NetSuite customers run their business in a better way that supports their growth journeys.

Something that goes hand in hand with the SuiteWorld theme of "Full Suite Ahead." It also jives with a term NetSuite uses when customers get the most out of the product, "Suiteness."

As Insightful Accountant has already told you, there were many innovations and new releases unveiled by NetSuite at the conference, including its new AP (accounts payable) automation to increase the speed and accuracy of bill and payment processing. There also was a new configure, price, quote (CPQ) solution to simplify and accelerate sales, which was a favorite feature of mine.

NetSuite also unveiled a new workforce management solution, and its new Shipping Central functionality for warehouse operations. 

  •  NetSuite SuitePeople Workforce Management — A solution that helps organizations balance labor costs and profitability. The solution enhances employee engagement by simplifying and automating routine tasks such as shift scheduling, employee time tracking, and calculating wages. In addition, it can uniquely provide recommendations on optimizing staff scheduling to help organizations achieve business goals. To learn more about SuitePeople Workforce Management, visit NetSuite Delivers Workforce Management to Help Organizations Enhance Employee Satisfaction and Efficiency. 

NetSuite also introduced new automation and analytics designed to give organizations the insights and control to increase productivity and profitability by enhancing NetSuite's financial, inventory management, manufacturing and project management functionality. 

  • NetSuite Analytics Warehouse — The latest enhancements enable customers to simplify data management, accelerate time to insights and provide access to more pre-built third-party data integrations and industry-specific content. NetSuite Analytics Warehouse now is available to customers in Australia and the United Kingdom. To learn more about NetSuite Analytics Warehouse, visit NetSuite Enhances Analytics Warehouse to Help Customers Maximize the Value of Data. 

While Insightful Accountant already has given you an overview of these new NetSuite features, we are by no means done talking about them. Over the next few months, we will continue to expand our NetSuite coverage with a focus on these new and enhanced product areas. 

We will not only take a deeper dive into each of the product features themselves, but also use a case-study approach by working with actual NetSuite users who have found these specific features beneficial in their businesses.

By the way, a special thanks to Team NetSuite for making this such a valuable, productive and informative conference for me.

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About Oracle NetSuite

For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation and omnichannel commerce, used by more than 32,000 customers in 217 countries and dependent territories.

Footnotes and Disclosures:

Content within this feature (including the headline graphic) has been adapted from source material furnished by Oracle NetSuite. The referenced source materials or content appearing within this Insightful Accountant feature were adapted and are furnished solely for educational purposes.

SuiteWorld, NetSuite and Oracle are registered trademarks of Oracle Corporation. Oracle Corporation is a publicly-traded NYSE-listed (ORCL) multinational corporation headquartered in Austin, Texas (USA).

Any other trade names used within this article, including any other vendor (app/software) discussed herein, may refer to products registered, trademarked, or otherwise held by their respective owners. They are referenced solely for informational and educational purposes.

This feature is "not" sponsored content. The article is provided for informational and educational purposes.

The publication of this article does not represent an endorsement by either the author or Insightful Accountant.

Note: Registered Trademark ® symbols have been eliminated from the articles within this publication for brevity due to the frequency or abundance with which they would otherwise appear or be repeated. Every attempt is made to credit such trademarked products within our respective article footnotes and disclosures.

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