NetSuite's SuiteWorld 2022 Summary
In this Expressinar, Glenn Hofmann, managing director of Kraft Enterprise Systems (KES), walks you through the highlights of NetSuite's SuiteWorld 2022 in Las Vegas. He covers NetSuite's infrastructure improvements, new product announcements, and existing product enhancements as well as provides an overview of two breakout sessions: Habits of Highly Successful CFOs and How to Navigate a Turbulent Economy.
The theme of this year's SuiteWorld was "full-speed ahead" and it lived up to that! NetSuite continues to grow rapidly and now has 32,000 customers worldwide.
The Keynote presentations focused on ease, automation, insight, intelligence and Suiteness. They want their customers not only know their numbers, but trust them.
Oracle is not only adding new features but making sure that the NetSuite infrastructure is keeping up with their rapid growth, so systems aren't getting bogged down and running slowly. They are building out next generation data centers on the Oracle cloud infrastructure, which are optimized for Oracle databases, so you can get better performance, reliability, and scalability with NetSuite.
New Product Announcements
NetSuite's new product, AP Automation, includes two parts -- capturing bills using OCR and direct bill payments from inside of NetSuite. It's currently available in limited release.
NetSuite's new product, Smart Count, allows you to conduct inventory counts more efficiently and provides more configuration capabilities. You can complete inventory counts in real time using your mobile device.
Existing Product Enhancements
SuitePeople Worforce Management
This product has been around a number of years to bring HRIS inside of NetSuite, but it now includes a time clock, which makes it easy for employees to clock in/out and for you to forecast your staff demand and calculate wages.
CPQ provides you with better knowledge when talking to your customers because all of your information is in one system. It integrates tightly with operations, including validation of build and availability.
Trade Promo and Rebate Management SuiteApp
This SuiteApps provides you with the ability to track promo and rebates programs from your vendors. It's available on the sales side for now, but they plan to add the functionality on the purchasing side in the future.
NetSuite continues to build out WMS, and Ship Central allows you to combine shipments, print custom labels, and more.
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We created KES ExpressinarsTM — shortened versions of our webinars — to hit the highlights and provide you with valuable content and NetSuite tips in less time.
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Kraft Enterprise Systems
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As a full-service NetSuite Solution Provider, KES Systems Solutions (KES) helps companies implement and optimize NetSuite. Our goal is to build long-term partnerships with our clients and we’re looking for clients that want the same. Our experienced NetSuite consulting team has an extensive background in accounting, technology, and business management and has completed over 450 system implementations since 1996.