NetSuite Features for 2024: A Comprehensive Recap & Announcements

Recently, NetSuite unveiled several new capabilities designed to help their customers embrace the potential of generative AI, integrating more scalable solutions, and streamline process efficiency.  
 
After learning about NetSuite's ambitions at SuiteWorld 2023, our Cloud Solutions team summarized the most important lessons they learned from the conference.  

What is SuiteWorld?  

The largest gathering of the NetSuite community, comprising partners, customers, and developers, takes place every year at SuiteWorld, a conference sponsored by cloud-based software giant Oracle NetSuite in Las Vegas, Nevada. 

Unlock NetSuite's Potential with OpenTeQ 

Discover how OpenTeQ's NetSuite Consulting Services can help you harness the power of NetSuite's latest features, unveiled at SuiteWorld 2024. Our NetSuite Developer team can guide you through the benefits of: 

• Generative AI for process efficiency and data-driven decisions 

• AI-powered planning and budgeting, bill capture, and text improvement 

• Enhanced NetSuite EPM, Pay, and Electronic Invoicing capabilities 

Five Up-Coming NetSuite Features for 2024  

Generative AI in NetSuite 

Now, NetSuite's range of products includes AI-powered features that enable customers to save time, promote process efficiency, and make growth-oriented decisions based on data, all while maintaining data security.  

With NetSuite planning and budgeting, for instance, AI can track and evaluate financial projections and goals. Additionally, customers of NetSuite Bill Capture can rely on artificial intelligence to help them with pre-populating data in NetSuite Bill Capture based on information from previous invoices and classifying expenses based on past data. Additionally, Oracle NetSuite declared their intention to add even more AI-powered features in the future.

NetSuite Text Improvement  

NetSuite now provides the capacity to create personalized content for supply chain, operations, finance, accounting, HR, sales, marketing, customer support, and more as part of their new AI capabilities.  

NetSuite EPM updates  

Additionally, NetSuite introduced several new features for NetSuite EPM, including the ability to automate reconciliations, provide users greater insight into the projects that are generating their profit, and expand tax management functionality to help with compliance difficulties.  

Enhancements for NetSuite Pay  

Customers can now accept and process payments more easily if NetSuite users remove pointless manual steps from the payment processing process.  

NetSuite Electronic Invoicing Upgrades  

To simplify the process of complying with regulations pertaining to digital signatures, QR codes, and tax authority approval, NetSuite customers can now establish a connection from within the suite to an overseas API.

Maximize Your NetSuite Investment 

Our NetSuite Support Services ensure a seamless transition to these new features, helping you: 

• Streamline growth and increase productivity 

• Reduce risks and achieve optimal results 

• Stay ahead with cutting-edge, market-leading solutions 

Concluding Remarks on 2024's New NetSuite Features 

This year's SuiteWorld revealed not only new feature announcements but also a major theme: "Do more with less." This demonstrates NetSuite's dedication to supporting their clients' rapid and dependable advancement, increased productivity, and ongoing adoption of cutting-edge, market-leading solutions to propel their businesses to new heights. 

OpenTeQ is available to assist you if you're still not quite sure how NetSuite and its new capabilities will streamline growth for your company.  

Our professionals have guided clients through every stage of their projects for many years. Our team is available to assist you with every step of your digital transition, allowing your company to reduce risks, increase productivity, and achieve the best possible results. OpenTeQ's skilled experts handle every phase of your project, from NetSuite Consultation to Support and Implementation. Allow us to assist you in "doing more with less" so that your company can grow.

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