NetSuite expands into warehouse automation and management • The Register
Oracle’s NetSuite kicked off its conference in Las Vegas with a wide range of news for Accounts Payable, Warehouse Management and People Management.
While the cloud-based accounting and HR software company has made good progress since 2016 when Oracle launched its $9.3 billion takeover, the company is still struggling to reach the market through a network of solid partners and has trouble internationalizing its products quickly enough.
Among the announcements is NetSuite AP Automation, a technology that claims to make it easier for companies to pay their bills, sometimes receiving discounts from their suppliers.
On the sales side, NetSuite CPQ is designed to help sales teams configure, price, and offer complex products (CPQ) with precision within the application. Ship Central is a solution to help customers optimize fulfillment operations in physical distribution warehouses.
NetSuite wants to help organizations improve “employee engagement” by simplifying and automating routine tasks such as shift scheduling, employee time tracking, and payroll calculation with the NetSuite SuitePeople Workforce Management product. . Finally, NetSuite Analytics Warehouse aims to accelerate BI and data understanding with “prebuilt third-party data integrations and industry-specific content.”
These are just a few of the new features and products NetSuite announced at its SuiteWorld conference and expo in Nevada’s gaming mecca.
In a pre-conference press briefing, Paul Farrell, head of industry product management for Oracle NetSuite, said the new product will help customers improve their “value streams” by optimizing cash flow and profits, improving the delivery of products and services, and “empowering” employees.
“While we’re looking to optimize cash and profit, it’s primarily about finance and we’ve focused on helping clients gain efficiencies by automating vital and often complex accounting tasks, giving them more time to focus on value-added tasks. This allows accountants to spend more time growing the beans rather than counting them,” Farrell said.
In an email to The registerChris Pang, research director at Gartner, said NetSuite had “significantly increased customer numbers and revenue” since acquiring Oracle.
“While the company is certainly larger and the product line is broader, the focus primarily on mid-sized organizations has remained firm, which has kept the focus on execution. of NetSuite’s pre-acquisition identity and leadership team remains to this day.”
NetSuite technology has benefited from using Oracle’s cloud infrastructure over third-party data centers and its own data center, bringing cost and performance savings, he said.
But NetSuite has struggled to increase the number of closely aligned sales and implementation partners. “The challenge is to recruit and attract more partners in geographies outside of the main locations where it currently operates,” Pang said. “Partner capacity is limited, so that means attracting partners who may already offer another vendor’s product and persuading them to switch allegiances, which is difficult when breaking into new markets.”
Meanwhile, NetSuite’s increased adoption has been limited by its ability to introduce new modules outside the United States and in some countries, he added. ®