For its 25th anniversary, Oracle NetSuite presented innovations yesterday in Las Vegas aimed at enhancing operational efficiency and data optimization for Spanish companies. The latest NetSuite updates include financial management tool SuiteSuccessdesigned specifically to support companies in Spain, and the availability of NetSuite Analytics Warehouse, the first and only pre-configured artificial intelligence (AI)-enabled data warehouse and analytics solution for its customers. From the American company they express that “organizations in Spain can quickly take advantage of cloud computing to optimize financial processes, meet tax and IT requirements, improve operational efficiency and maximize the value of your data.”
Throughout this time, the subsidiary of the technology giant Oracle has been a key partner in the growth, expansion and adaptation to change of numerous organizations, mainly SMEs and startups. It offers a comprehensive system that includes finance/Enterprise Resource Planning (ERP) solutions, inventory management, human resources, professional services automation and omnichannel commerce. This system is used by more than 37,000 customers in 219 countries and territories worldwide. Oracle NetSuite has played a critical role in helping these organizations thrive and achieve their business goals.
“NetSuite is dedicated to helping organizations in Spain adapt and grow, with innovations designed specifically for help them prosper nationally and internationally“said Alberto Lozano Gómez, senior director of Southern Europe at Oracle NetSuite. “Companies operating in the country can increase productivity and efficiency by taking advantage of a suite room integrated business solution that automates critical business processes. NetSuite Financials First will help our clients in Spain get a faster return on your investment by combining the capabilities they need today with the scalability they need in the future.”
SuiteSuccess Financials First is a pre-configured solution that combines 25 years of industry-leading best practices with the power of artificial intelligence, backed by deep domain knowledge. This solution offers a unique set of financial processes including predefined roles, key performance indicators (KPIs), dashboards and workflows. With this new version, organizations have the ability to automate financial activities, streamline month-end closing, improve budget planning, accurately allocate and amortize expenses, simplify asset management, and gain real-time visibility into their financial situation. . According to NetSuite, this tool complies with the reporting requirements established by the Spanish Tax Authorities (AEAT).
Success in Spain
TravelPerk, one of the Spanish unicorns and founded in Barcelona in 2015 and with international expansion plans, chose its services to overcome data management challenges and establish a platform that allows it to continue growing, even with travel transaction volumes that have exceeded pre-pandemic levels. NetSuite has become a strategic ally to support the rapid growth and adaptation of the Catalan company as they seek to expand their operations globally.
“TravelPerk’s rapid growth has come from investing in both our own internal systems and procedures and providing a world-leading corporate travel management platform for our clients,” explains Asif Livesey, Financial Controller at TravelPerk. “As a platform company, the systems that support us are critical, and that’s why we selected NetSuite. “We have a system that can help us solve our financial challenges now while matching our future business aspirations, and it helps us drive efficiencies across our organization and is our single source of truth as we grow.”
Cloud data management
NetSuite Analytics Warehouse is now available for customers in Spain. This tool will enable customers to improve data management, accelerate the creation of analytics to increase efficiency and reduce costs, gain a deeper understanding of their customers, and use data to innovate and grow more agile.
This solution, built on the basis of Oracle Analytics Cloud and Oracle Autonomous Data Warehouse (ADW), takes advantage of artificial intelligence to unlock the potential of enterprise data and accelerate value creation. NetSuite Analytics Warehouse consolidates and centralizes data, including NetSuite transactional data, historical data, as well as data from other cloud applications. Then, guides business users on their path to valuable insights and recommendations that drive decision making.
25 years of progress for the company
On the other hand, NetSuite took the opportunity to present its latest innovations worldwide, including both traditional and generative AI-powered capabilities across the suite; new field service management and enterprise performance management (EPM) solutions; and new capabilities that help finance and customer experience professionals improve the speed and accuracy of business processes.
“For the past 25 years, our mission has remained the same: to deliver a unified suite of cloud applications that enables customers Do more with less and grow your business“said Evan Goldberg, founder and executive vice president of Oracle NetSuite. “We continue to expand our capabilities to support this mission and help our more than 37,000 customers benefit from the latest innovations in cloud and artificial intelligence. Our new updates include artificial intelligence capabilities traditional and generative integrated throughout the suite to increase user productivityreduce costs and improve overall business efficiency.”