Made By
Oracle NetsuiteReleased On
1998-10-24
NetSuite is a comprehensive cloud-based Enterprise Resource Planning (ERP) software suite that integrates various business management functionalities. It helps organizations streamline operations, improve efficiency, and gain real-time visibility into their performance by combining financial management, Customer Relationship Management (CRM), and e-commerce capabilities into a single platform.
Key features:
- ERP/Financials: Robust financial management capabilities including general ledger, accounts payable and receivable, tax management, fixed assets, and financial reporting with support for multi-currency, multi-language, and multi-subsidiary operations.
- CRM: Tools for sales force automation, marketing automation, customer service management, and partner relationship management to manage customer interactions and improve satisfaction.
- E-commerce: SuiteCommerce platform for creating online shopping experiences, including web store management, order management, inventory management, and customer self-service.
- Professional Services Automation (PSA): Project management, resource management, time and expense tracking, and project accounting for service-based businesses.
- Human Capital Management (HCM): Tools for managing employee records, payroll, performance management, and recruitment.
- Supply Chain Management (SCM): Inventory management, order management, procurement, and demand planning to optimize supply chain operations.
- Business Intelligence: Real-time dashboards, reporting, and analytics for data-driven decision-making.
How it works:
1. Users access NetSuite through a web application from any internet-connected device.
2. The platform provides customizable dashboards and role-based access.
3. Users can manage various business processes within a single integrated system.
4. Real-time data updates across all modules ensure consistent information.
Integrations:
Salesforce, Shopify, Expensify, ADP, Amazon
Use of AI:
NetSuite incorporates generative AI and machine learning to enhance functionalities such as predictive analytics, demand forecasting, and personalized customer experiences.
AI foundation model:
The specific details about underlying AI foundation models or LLMs are not typically disclosed.
Target users:
- Small to Medium-sized Enterprises (SMEs) seeking a scalable ERP solution
- Large Enterprises needing a comprehensive suite to manage complex operations
- Service-based Businesses requiring project management and PSA tools
- Retailers and E-commerce Businesses seeking integrated e-commerce and inventory management solutions
How to access:
NetSuite is available as a subscription-based service through a web application. It offers APIs and SDKs for custom integrations and extensions.
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