Oracle NetSuite has announced a series of new updates to further streamline and enhance financial, inventory, and operational management with the addition of new automation, insights, and efficiency capabilities.

All organisations have gone through seismic changes and while obstacles remain, opportunities are growing, according to Oracle NetSuite executive vice president, Evan Goldberg.

“We want to give our customers the tools needed to embrace these opportunities with confidence and optimism. The latest updates to the NetSuite platform enhance the financial, inventory management, automation, and analytics capabilities so that our customers can maximise operational performance and accelerate growth.”

The latest innovations within NetSuite include Centralised Purchasing and Billing to improve spend management, increase productivity, and reduce PO volume by consolidating purchases across multi-subsidiary organisations; the Bank Feeds Suite app to automate the importing of financial data from banks across the world; SuiteApprovals Email Approval to simply click an email link to review, approve, or reject transactions; and SuiteCommerce Advanced to manage pages and content on webstores in different languages within a single place.

Automated inventory management has been enhanced with the Pack Station touchscreen interface that simplifies and increases the efficiency and accuracy of the packing process, with an extra layer of verification before orders ship to help prevent customer issues and avoid added costs of reshipping. New Warehouse Management System (WMS) capabilities allow organisations to enhance wave picking, tally scans, cart put-away, and label printing.

Using SuiteAnalytics, users can add calculated fields on aggregated columns in a workbook to gain real-time insights. Conditional formatting has been added for customised highlighting of values to notify users of the data that is most in need of their attention. Native language support for SuiteAnalytics Workbooks is now available for users to analyse and explore company data and workbooks in their language of choice.