By Bernie Cahiles-Magkilat
Oracle NetSuite, the world’s leading provider of a suite of cloud-based solutions, has announced a new solution SuiteSuccess, a template solution based on industry’s best practices cloud solution that would address customers need to realize benefits of a fully functional ERP soonest.
SuiteSuccess, which was launched at SuiteWorld 2019, is a pre-configured industry cloud solution, built on industry-leading practices, that combines deep domain knowledge with pre-built workflows, KPIs (key performance indicators) and dashboards. It leverages expertise from over 16,000 customers.
Harish Mohan, NetSuite global vice president for strategy and international operations, said the SuiteSuccess enables customers to have a fully functional ERP in just 45 days. ERP (enterprise resource planning) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources.
According to Mohan, the latest additions to SuiteSuccess include expanded vertical capabilities, new localizations and the launch of a new and fully integrated planning and budgeting cloud service that can be activated in as little as 30 days.
“The entire organization is on the same page this is value in one solution,” said Mohan.
Mohan explained that rather than asking customers what they need, SuiteSuccess presents them with a blueprint based on experts in a particular industry and from there customers can build their own verticals.
“These are areas we have subject matter experts and where partners can build their own verticals,” says Mohan as he noted that companies in particular industries have similarities in their methodologies.
SuiteSuccess can also be tailored to a particular location, but the activation period will still be the same.
Moan said that SuiteSuccess leverages expertise on certain industries that they played their bets as most fitting for SuiteSuccess. These blueprints are targeted and have the most efficient activation to companies engaged in distribution, retail, software, services, manufacturing, non-profits, health and beauty, food and beverages, and footwear accessories.
For wholesale distributors, SuiteSuccess offers new warehouse management capabilities to help customers optimize inventory management including inbound, outbound and inventory operations, while new inventory management capabilities help customers optimize inventory availability and tighten control over the full inventory lifecycle.
For manufacturing companies, new work order and assembly management enhancements support manufacturers of all sizes by enabling customers to quickly and easily create work orders, assemble items and “make to order.”
New revenue management capabilities simplify software development companies the complexities of evolving revenue recognition mandates by providing real-time revenue intelligence and actionable data.
The new starter editions, which include pre-configured KPIs, workflows, reminders, reports and value-driven dashboards, help customers quickly get up and running on NetSuite. Starter Editions are now available for customers in Australia, China, Denmark, Ireland, New Zealand, Norway, Singapore and the UK.
The international SuiteSuccess financials first edition is now available for customers in China, France, Germany, India, Japan and Singapore. With Financials First, customers can automate financial and operational processes, improve reporting and gain real-time visibility into key business metrics that support all local tax calculation, reporting and filing requirements.