NetSuite Awarded Frost & Sullivan’s 2024 Global Company of the Year Award for Leading Innovation in Cloud Business Management Solutions

NetSuite is revolutionizing cloud enterprise resource planning (ERP) with its all-in-one cloud business suite that helps increase efficiency and visibility for organizations worldwide

SAN ANTONIO, May 7, 2024 /PRNewswire/ — Frost & Sullivan recently conducted research into the cloud ERP market and recognizes this based on its findings Oracle NetSuite with the Global Company of the Year Award. NetSuite is an integrated cloud business system that helps companies simplify core processes, improve productivity, expand insights, and grow more efficiently.

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NetSuite’s leadership in cloud ERP is evident with more than 37,000 customers across industries including education, energy, finance, healthcare, manufacturing and retail. Furthermore, the company takes a pioneering approach to embedding artificial intelligence (AI), which sets it apart in the market. Leveraging Oracle Cloud Infrastructure’s advanced supercluster technology, NetSuite delivers powerful AI capabilities that deliver actionable insights and increase the speed and accuracy of business processes. By embedding generative AI capabilities into the suite, NetSuite enables global organizations to maximize productivity and make informed decisions based on real-time insights.

With NetSuite, upgrades are delivered seamlessly, so customers are always running the latest version of the software, improving access to the very latest features. Additionally, the company’s extensive partner and professional services ecosystem significantly enhances the customer experience, allowing companies to optimize the value of their NetSuite investment.

“Opportunities for AI include automation (data entry, financial analysis and inventory management), actionable insights (better decision making using real-time insights and predictions about customers and competitors), human-like interaction (integrating machine learning (ML) and natural language processing) and anomaly detection (improved security and detection of unexpected patterns). NetSuite currently has all of these elements in its product suite. AI is embedded in business processes within NetSuite and also available in the form of assistants and advisors Sankara NarayananIndustry director at Frost & Sullivan.

To meet its customers’ growing curiosity about AI and its business implications, NetSuite leverages its Learning Lab events to provide customers and end users with hands-on training and expert guidance on how to effectively integrate AI and automation across all activities. With this unique approach, NetSuite ensures customers have the knowledge and skills to leverage AI capabilities within their business and connect with like-minded innovators in various cities across the US and US. Canada.

NetSuite’s continued focus on innovation and customers has made it stand out in the cloud ERP market, and it continues to deliver more features than most of its competitors, whose solutions are less capable than those of the NetSuite system.

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in customer value and market penetration.

The Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding performance and superior performance in leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify industry best practices.

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SOURCE Frost & Sullivan