Latest updates help organizations better manage large volumes
of business data to accelerate insights, improve decision making,
and create new revenue streams
LAS
VEGAS, Sept. 28, 2022 /PRNewswire/ -- SUITEWORLD
2022 -- To help organizations improve decision making and uncover
new revenue streams, Oracle NetSuite today announced updates to
NetSuite Analytics Warehouse – the first and only prebuilt
data warehouse and analytics solution for NetSuite customers. The
latest enhancements enable customers to simplify data management,
accelerate time to insights and provide access to more pre-built
third-party data integrations and industry specific content. In
addition to North America,
NetSuite Analytics Warehouse is now available to customers via data
centers in Australia and the
United Kingdom and will be
available later this year to customers via the data center in
Germany.
"Customers are seeking solutions that help them get the most
value possible out of their data so that they can streamline
decision-making, increase efficiencies, and manage risk," said
Gary Wiessinger, senior vice
president, product management, Oracle NetSuite. "NetSuite Analytics
Warehouse meets that need by enabling our customers to combine
NetSuite data quickly and easily with external data sources to
improve data management and analytics. By centralizing data on one
platform, we can help our customers identify new insights and drive
efficiency and productivity across their business operations."
Built on Oracle Analytics Cloud and Oracle Autonomous Database
for analytics and data warehousing (ADW), NetSuite Analytics
Warehouse is a prebuilt, cloud-based data warehouse and business
intelligence tool that replaces legacy and siloed systems. It does
this by consolidating and centralizing access to business data,
including NetSuite transactional and historical data and data from
other cloud or on-premise applications. The latest updates to
NetSuite Analytics Warehouse enable customers to:
- Simplify Data Management: A new Custom Attribute Mapping
Editor simplifies the transfer of custom data. It enables users to
select custom data to flow into NetSuite Analytics Warehouse and
identify its placement in a specific data domain such as finance,
purchasing, inventory, and sales.
- Accelerate Time to Insights: New pre-built analytics
capabilities in NetSuite Analytics Warehouse include 12 dashboards
with key metrics across business functions, including customer
growth and financials, and 15 data snapshots for historical data
analysis, including inventory, invoices, and sales orders. In
addition, a new Bundles feature increases efficiency and
flexibility by making it easy to export content between NetSuite
Analytics Warehouse instances.
- Access More Third-Party Data Sources: 15 new pre-built
integrations, which include a new Shopify connection as well as
deeper integrations with Google Analytics and Salesforce, simplify
data blends and enable more robust analytics. With the new
integrations, NetSuite Analytics Warehouse now offers prebuilt
integrations to over 40 popular third-party data sources.
- Access More Industry-Specific Content: New
industry-specific content for retail, services, software, wholesale
distribution, and subscription-based businesses is now available in
NetSuite Analytics Warehouse.
Customer Success with NetSuite Analytics Warehouse
Save a Cup
Save a Cup, a producer of high-quality mugs, tumblers, and water
bottles, is using NetSuite Analytics Warehouse to segment and
analyze customer data, identify new business opportunities, blend
relevant data sets across native NetSuite data and third-party
sources such as Amazon, and help make its product offerings more
profitable.
"I can't stress enough the time savings our team has experienced
by creating detailed, insightful reports with NetSuite Analytics
Warehouse," said Gordon Hsu, CFO,
Save a Cup. "Previously, we used a cumbersome and time-consuming
process that limited our visibility and response to customer
preference. Now, we can easily link multisource tables in reports
that are automatically refreshed daily. This has helped us generate
more value from our data in NetSuite. For example, we are realizing
new insights from our Amazon ecommerce data, including new trends
by product family and by SKU. These insights will guide future
product strategy."
Product Hatchery
The Product Hatchery is a boutique brand development
company that focuses on the beauty, kitchen and dining, and gift
markets is using NetSuite Analytics Warehouse to anticipate
and respond to customer demand.
"Our business requires us to be agile and respond quickly to
changes in customer demand," said Brian Creager, founder,
The Product Hatchery. "With NetSuite Analytics Warehouse, we no
longer have to export our ERP data into spreadsheets to manually
report on inventory. Now, we can analyze ERP activity blended with
Google Analytics data for automated daily inventory scorecards and
forecasts, down to the SKU number. As a result, we can more
accurately anticipate and respond to customer demand, and that
makes a huge difference to our overall operations."
Thread
Thread, a producer of functional, stylish, and slim wallets, is
using NetSuite Analytics Warehouse to harness data from multiple
channels and product lines to improve sales and inventory
forecasting as it introduces new product lines to meet growing
customer demand.
"To continue our rapid growth, we needed to dramatically improve
our forecasting and that started with gaining faster and better
data insights from our sales channels," said Mitch Sanders, chief operating officer, Thread.
"NetSuite Analytics Warehouse has given us the ability to capture
and organize data and deliver actionable insights that help foster
collaboration across our business. This allows us to accurately
anticipate customer demand, keep stores stocked with the items
customers most want now, and ensure we operate in an incredibly
agile and growth-oriented fashion."
Get all the latest updates from SuiteWorld by registering for
SuiteWorld On Air: netsuitesuiteworld.com/onair. By registering,
attendees will have access to keynotes, sessions, demos, and
NetSuite's two-day live broadcast, NetSuite TV. Learn more about
how organizations are leveraging the power of NetSuite to increase
efficiency, improve productivity, and grow
profitability.
Oracle NetSuite
For more than 20 years, Oracle
NetSuite has helped organizations grow, scale, and adapt to change.
NetSuite provides an integrated system that includes financials /
Enterprise Resource Planning (ERP), inventory
management, HR, professional services automation and
omnichannel commerce, used by more than 32,000 customers in
217 countries and dependent territories.
Learn more at https://www.netsuite.com. Like us on Facebook, and
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SOURCE Oracle NetSuite