/>
X

NetSuite's latest platform updates include new centralized purchasing, email approval tools

Updates to the NetSuite platform are designed to enhance its financial, inventory management, automation, and analytics capabilities.
natalie-gagliordi-author.jpg
Written by Natalie Gagliordi, Senior Writer on

Oracle NetSuite on Tuesday announced the latest updates to the NetSuite platform designed to enhance its financial, inventory management, automation, and analytics capabilities. Key new features are focused on smart financials, centralized purchasing and billing, and email approval.

The new purchasing and billing features are designed to help multi-subsidiary businesses consolidate purchases, generate vendor payments from a single location, and automate cross-charges. 

A new email approval feature lets businesses approve purchases via an email link and also includes a log where approvals can be reviewed and audited before being updated in the system.

Meanwhile, new automated inventory management tools include a revamped touchscreen interface to streamline the packing process, as well as smart shipping capabilities that identifies products along the same shipping route for group packaging. There's also a new warehouse management system that NetSuite said improves wave picking, tally scans, cart put-away, and label printing.

On the analytics side, new SuiteAnalytics features include conditional formatting and native language support for SuiteAnalytics Workbooks, along with eight new interactive charts within Workbooks designed to provide HR leaders with more visibility into employee performance.

Evan Goldberg, EVP and founder Oracle NetSuite, held a media briefing on Monday to outline the new features and provide an update the NetSuite business. Goldberg said NetSuite saw 24% year over year revenue growth in Q3 and that it now has 542 partners in the SuiteCloud development network and more than 24,000 customers.

"We've accelerated growth and its really across all sectors," Goldberg said.

RELATED:

Related

Period tracking apps are no longer safe. Delete them
The best Tech inventions of all time 3 Science ZDNet

Period tracking apps are no longer safe. Delete them

Security
How to customize Alexa's responses to Routines
sample-image-16-9-red.jpg

How to customize Alexa's responses to Routines

Smart Assistants
Get this sleek, lightweight portable AC to cool your home this summer
replace-this-image.jpg

Get this sleek, lightweight portable AC to cool your home this summer

Deals