“NetSuite Bolsters Localized AI with UK, EMEA Product Unveilings”
In a bid to enhance localized AI propositions, NetSuite, under the Oracle umbrella, has announced the release of its integrated planning, budgeting, and forecasting solution for customers in the UK and EMEA territories. This suite-wide generative AI tool, NetSuite Enterprise Performance Management (EPM), was first introduced at SuiteWorld 2023, offering automated financial reporting, account closures, and trend projections rooted in enterprise-generated data.
Unlike other analytics tools, NetSuite EPM enables businesses to govern their account management workflows, generate corporate reports, and even perform modeling exercises to project potential internal changes. The purpose? To provide a comprehensive, data-driven platform for firm leaders to predict the impact of new product launches or the hiring of new staff on the company.
This annunciation, majorly spotlighted at NetSuite’s SuiteConnect London event, was accompanied by the expanded release of the Analytics Warehouse, an AI-integrated cloud data warehouse product designed to simplify management, identify inconsistent data, and extract insights from complex data without extensive data science knowledge.
Firms like The Cheeky Panda, an eco-friendly paper product manufacturer, and numerous private equity companies, have lauded NetSuite's platform for its ability to quantify their efforts toward sustainability and unify their respective portfolios.
Final thoughts: Will these enhancements lead to more precise, predictive performance for businesses within the UK and EMEA region?
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