NetSuite revolutionizes cloud enterprise resource planning (ERP)
with its all-in-one cloud business suite that helps drive
efficiency and visibility for organizations worldwide
SAN ANTONIO, May 7, 2024 /PRNewswire/ -- Frost &
Sullivan recently researched the cloud ERP market and, based
on its findings, recognizes Oracle NetSuite with the Global Company
of the Year Award. NetSuite is an integrated cloud business system
that helps businesses simplify core processes, improve
productivity, expand insights, and grow more efficiently.
View the full multi-media landing page:
https://best-practices.frost.com/oracle-netsuite/
NetSuite's leadership in the cloud ERP space is evident with
more than 37,000 customers across diverse sectors, including
education, energy, finance, healthcare, manufacturing, and retail.
Additionally, the company adopts a pioneering approach to embedding
artificial intelligence (AI), which makes it stand out in the
market. Leveraging Oracle Cloud Infrastructure's advanced
supercluster technology, NetSuite provides powerful AI capabilities
that deliver actionable insights and increase the speed and
accuracy of business processes. By embedding generative AI
capabilities across the suite, NetSuite empowers global
organizations to maximize productivity and make informed decisions
based on real-time insights.
With NetSuite, upgrades are seamlessly delivered so customers
are always using the latest version of its software, which improves
access to cutting-edge features. Furthermore, the company's
extensive partner and professional services ecosystem significantly
enhance the customer experience, enabling businesses to optimize
the value of their NetSuite investment.
"Opportunities for AI include automation (data entry, financial
analysis, and inventory management), actionable insights (better
decision-making using real-time insights and predictions about
customers and competitors), human-like interaction (integrating
machine learning (ML) and natural language processing), and anomaly
detection (enhanced security and detection of unexpected patterns).
NetSuite currently has all these elements in its product suite. AI
is embedded in business processes within NetSuite and also
available in the form of assistants and advisors," said
Sankara Narayanan, Industry Director
at Frost & Sullivan.
To address its customers' growing curiosity about AI and its
business implications, NetSuite leverages its Learning Lab events
to provide customers and end users with hands-on training and
expert guidance on how to effectively integrate AI and automation
across operations. With this unique approach, NetSuite guarantees
that customers have the knowledge and skills to optimally leverage
AI capabilities within their businesses and connect with
like-minded innovators in various cities across the U.S. and
Canada.
NetSuite's continuous focus on innovation and customers has made
it stand out in the cloud ERP market, and it continues to deliver
more features than most of its competitors, whose solutions are
less capable than those of NetSuite's system.
Each year, Frost & Sullivan presents a Company of the Year
award to the organization that demonstrates excellence in terms of
growth strategy and implementation in its field. The award
recognizes a high degree of innovation with products and
technologies, and the resulting leadership in terms of customer
value and market penetration.
Frost & Sullivan Best Practices awards recognize companies
in various regional and global markets for demonstrating
outstanding achievement and superior performance in leadership,
technological innovation, customer service, and strategic product
development. Industry analysts compare market participants and
measure performance through in-depth interviews, analyses, and
extensive secondary research to identify best practices in the
industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for
its role in helping investors, corporate leaders, and governments
navigate economic changes and identify disruptive technologies,
Mega Trends, new business models, and companies to action,
resulting in a continuous flow of growth opportunities to drive
future success. Contact us: Start the discussion.
Contact:
Lindsey
Whitaker
P: +1 (210) 477-8457
E: lindsey.whitaker@frost.com
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