Three takeaways from SuiteWorld 2024

by | Sep 20, 2024 | Automation, Events, Order Management, Suppliers

SPS Commerce was thrilled to attend and participate in SuiteWorld 2024, marking an incredible ten years of this industry-leading event! As a long-time partner of Oracle NetSuite, it’s always an honor to be part of the innovation and community this show brings together. This year was no exception—SuiteWorld delivered insights that promise to reshape how businesses run.

Here are three big takeaways from this year’s event:

Growth and scalability

With a theme of “All Systems Grow,” it’s no surprise that business growth and scalability were dominant topics throughout the event. Across the three-day show, there was a strong focus on how companies can effectively scale, whether expanding locally or going global, all powered by NetSuite’s robust ERP solutions. This theme carried heavily into the keynote session, with a strong emphasis on the importance of providing tools that empower organizations to deliver operational excellence.

“Oracle NetSuite designed its product suite to be that ideal foundation for growth. To connect the entire business and provide a platform for expansion. We started in 1998 with a vision of a single system to run an entire organization, interconnecting every complex function in a way that feels simple.

Evan Goldberg, NetSuite Founder and EVP

From insightful sessions to real-world success stories, the message was clear: growth doesn’t have to mean sacrificing efficiency. NetSuite’s latest innovations were all about empowering companies to grow while maintaining balance and efficiency.

The power of “Suiteness”

One of the most exciting concepts unveiled was “Suiteness”—NetSuite’s approach to having all business functions integrated into one system. Ideally, a business could see all the data relevant to its supply chain in one system. From orders to inventory to shipments, having complete visibility into your business without jumping from platform to platform can help you streamline the entire order fulfillment process. Throughout the show, the buzz focused on the value of utilizing the full suite of NetSuite modules for end-to-end business management.

A few statistics shared at the event proved the impact of “Suiteness”:

  • 61% of users improved forecast accuracy.
  • 40% eliminated spreadsheet-based models entirely.
  • Warehouse management users reported shipping items more than a week faster.

“Suiteness” is designed to empower businesses to operate more efficiently while driving growth, providing a scalable solution that centralizes data and processes.

AI innovations

This year’s show also introduced some exciting AI-driven tools that will enhance the capabilities of NetSuite’s applications. With these tools, customers can reduce manual data entry, improve budgeting and planning, expand insights and increase workflow efficiency. Oracle Code Assist allows developers to speed up code generation. NetSuite Analytics Warehouse will enable businesses to quickly generate data-driven reports and visualizations using AI-powered insights.

AI tools have long been a staple for eCommerce, from chatbots to automated sales funnels. But as AI gets better, more will jump on the trend in an effort to improve business processes and brand experience.

When used correctly, AI can help companies create a more efficient and resilient supply chain. To learn how SPS Commerce is helping companies incorporate AI into their supply chain, read this blog from Director of Technology Jason Popillion.

This year’s event made it clear that NetSuite continues to evolve and innovate, focusing on automation, AI and cohesive solutions that drive growth while simplifying business processes. Learn more about how your business can benefit from NetSuite automation or analyze point-of-sale sell-through data in NetSuite Analytics Warehouse.

SPS Commerce Blog Team
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