And just like that, SuiteWorld19 is over and we are looking forward to SuiteWorld20 on April 20-23, 2020 to be held at the vibrant city of Las Vegas.
“Grow Beyond” was the theme of this year’s SuiteWorld encouraging the whole ecosystem to grow beyond as NetSuite grows into new areas with more scale and focus.
Upaya was awarded 5-Star award again this year!!!
We thank our clients who continue to put their confidence in our experienced and able NetSuite team.
Summarized below are this year's big announcements, and watch the keynotes highlights from this incredible event...
Mark Hurd’s keynote highlights:
NetSuite’s Growth & Expansion
NetSuite has grown substantially over the past year and so has their customers. Since Oracle’s acquisition in 2016, NetSuite is now operating in 21 new country locations, 212 countries/dependent territories, and 20,000k + new international subsidiaries representing over half of the new subsidiaries in NetSuite customers.
NetSuite continues to be a huge success for Oracle Cloud with more growth and more confidence than ever before. Mark Hurd, CEO of Oracle, attended this year’s conference in person sharing his views on trends, AI, and the future of the Oracle NetSuite applications. Mark mentioned that acquiring NetSuite 2.5 years ago was the most strategic acquisition Oracle has ever made.
NetSuite is offering a few new enablements for global expansion with installments, expense management, SuiteTax. Evan Goldberg EVP of Oracle NetSuite said that “A big twist the Oracle acquisition, has allowed us to refocus on you, on great companies that are growing from the startup phase to become multi-hundred million-dollar companies.“ NetSuite enables customers to achieve their vision with one system in the cloud to help you grow.
A huge change for NetSuite is the migration onto the Oracle Cloud Infrastructure. OCI uses machine learning to automatically update database performance, optimize tools, and refine the system at rapid rates. In a matter of hours, this interactive autonomous infrastructure wrote 6000 indexes, further optimized it and gave you a performance kick. Imagine that rippling through our entire database.“ -Mark Hurd, CEO of Oracle.
Hurd is committed to supporting NetSuite with the commitment for NetSuite to go on forever. “We’ve invested in more industries, more countries, more salespeople and adding R&D in the interest of continuing to invest in the technology and the product. NetSuite is going to do nothing but get better and better and attract more investment from us.”
Evan Goldberg’s keynote highlights:
VISIBILITY: Past, Present and knowing your Future!
Knowing how your business has performed historically, how your company is operating now, and trends that may lead to more efficiency in the future are essential for success.
Visibility unearths shortcuts to a better vision towards business goals your “True North”. The progression you need to be able to see and then respond:
What regions are performing best | Highest margin projects | Customer satisfaction | KPI improvements.
This is where NetSuite can help.
AGILITY: Taking advantage on the opportunities
In today’s competitive business world companies need to keep up with today’s rapidly evolving business models, new engagement platforms and marketing channels. Omnichannel business models are blurring the lines between manufacturing, distribution, and retail. Businesses change as customer demands change. NetSuite is directly suited to the omnichannel business model, with great capabilities across all angles of your business as your business transforms.
Support for Lease Accounting standard – Streamline financial management.
Allocation and fulfillment – Delivering and allocating products and recommendations to customers.
Commerce marketing – New updates to the Bronto platform for consistency, commerce data, campaign ROI and optimizing email delivery.
SuiteBilling – ultimate omnichannel invoice for whatever you sell.
Project management and billing enhancements – work breakdown structure increases visibility and control over time and expenses.
New WMS solution – Optimize inventory management
New NetSuite features
SuitePeople links the performance of the business with the performance with the employees. HR is often operating in a silo, but people drive the organization. Communication, goal setting and performance monitoring can assist in the goals ahead.
NEW 2019.1 SUITEANALYTICS WORKBOOK
NetSuite is excited to announce that in NetSuite’s new version 2019.1 general availability of suite analytics. The SuiteAnalytics workbook is a new powerful, easy to use way to explore and visualize your data with real-time pivoting, rich graphical analysis and grants the ability to easily deploy results in dashboards.
Highlighting the Inventory workbook – The inventory workbook is where companies perform critical analysis with the ability to identify data, explore data and find important financial and operational metrics for decision making. With the most requested feature in NetSuite history, (it’s finally here) with the ability to simply drag and drop pivot to slice and dice data however you need to achieve deeper insights. Create charts with multiple series to see if you are keeping up with demand and place them on your dashboard for up to the minute visibility on your business.
If you were not able to attend SuiteWorld19 then here are the links to keynotes and other important sessions:
Executive Keynote – Grow Beyond : Evan Goldberg and Mark Hurd
Executive Keynote – Unlocking Growth
Product General Session
What NetSuite Experts from Upaya – The Solution Inc. can do to help
Upaya has completed over 600+ successful NetSuite and Salesforce implementations. We have a strong team of expert consultants with varied experience in implementing and supporting the solution across various vertical industries spanning software, service, wholesale/distribution, e-commerce companies. We specialize in providing value based professional services towards the implementation, integration, data migration and support for NetSuite, Salesforce and Adaptive Insights.
With passion for quality and commitment towards the clients, we strive to achieve nothing but the best and superior customer satisfaction levels with each project.
Lastly, Upaya – The Solution Inc. is proud to announce that we’ve donated $5000 to the American Cancer Society because we truly believed in their advocacy and with their mission to free the world from cancer.
To learn more about how NetSuite and Upaya’s services can help you leverage to scale and grow; contact us today at:
We are ready to help!!!
Till Next Time,