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NetSuite accelerates growth and innovation

Oracle NetSuite, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced more product enhancements, more industry-specific features and functionality, a new data center, and more customer and partner wins. With the resources of Oracle, NetSuite is able to accelerate growth and product innovation, and strengthen its commitment to customer and partner success. New product features for services and product companies, the release of SuiteSuccess industry solutions for nonprofits, IT VARs and solution providers, the introduction of SuiteSuccess to NetSuite partners, and the launch of a new data center in the Chicago area, all reflect the importance and support of Oracle’s considerable global resources.

“As one of the fastest growing financial management systems before it was acquired by Oracle, NetSuite has since been able to invest even more resources into our company, our product and our infrastructure to promote our customers’ success,” said Jim McGeever, Executive Vice President Oracle NetSuite. “Today’s announcements signal our ongoing commitment to maintaining our lead in the industry.”


More New Functionality for Services Companies

NetSuite is delivering several new product enhancements for services companies. New profitability reporting features allow companies to easily define their profitability criteria and reports with a new design experience, ensuring services companies always have real-time intuitive, accurate views of their projects. 

New change order management features, as well as Billing Rate Card effectivity dates allow services companies to keep on top of their dynamic business environment, reducing errors and improving both accuracy and service delivery to the customer. 

Capturing information in a seamless and easy manner from the field is key to an efficient service organization. New streamlined and intuitive UI for Weekly Timesheets, as well as improved time off management ensure a better, more timely capture of information. Providing real-time information on projects equips managers with the insights needed to make critical resourcing decisions on projects. All these new features for services companies are also designed to keep pace with the evolving revenue standards and ASC 606. 

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