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Six things we learned at SuiteWorld 2016

Christina Mercer | May 19, 2016
Netsuite's annual customer conference SuiteWorld began on Tuesday. Here's what happened on the first day.

SuiteWorld 2016 kicked off in San Jose this week and Computerworld UK has all the latest announcements, product news and who said what at this year's Netsuite event.

Over 8,000 delegates and 3,000 live viewers have turned out for SuiteWorld 2016 and we've compiled all list of what we've learned so far.

1. SuiteWorld 2016: SuiteBilling

SuiteWorld 2016: SuiteBilling

At SuiteWorld 2016 in San Jose, Netsuite has announced a new billing platform, SuiteBilling

SuiteBilling will consolidate all levels of billing into one manageable system and is the 'industry's first and only cloud unified order-to billing-to-revenue solution.'

NetSuite CEO Zach Nelson says: "We've been developing it for more than five years. SuiteBilling is a system that can bill any product, any service and any subscription, in one system."

SuiteBilling will accommodate all business models and create an actionable billing system unique to each business.

The platform provides core capabilities in subscription management, revenue recognition and general financial processes, the centralisation of multiple channels to ultimate streamline workflows and unify businesses billing approach.

2. SuiteWorld 2016: NetSuite and Alphabet announce a partnership

SuiteWorld 2016: NetSuite and Alphabet announce a partnership

During the second day keynotes centering on NetSuite's software customers, NetSuite CTO Evan Goldberg announced a partnership between Alphabet and NetSuite ERP solutions. 

Google's director Albert Belman said: "We're using it at Nest and Calico our biotech startup. And at this point we're now looking as we try to go on the journey for all of these companies, from being part of Google to being independent companies.

"We're introducing NetSuite as our recommended solution." he added.

3. SuiteWorld 2016: OneWorld 16

SuiteWorld 2016: OneWorld 16

OneWorld is a cloud-based ERP system that supports internal and external business operations with capabilities in managing multiple business units and subsidiaries.

OneWorld 16 adds a whole new set of features to NetSuite's OneWorld solution. 

Here are some of the key features announced:

- Global entity management
- Automative intercompany processes
- Automated elimination and consolidation
- Multiple accounting books
- Electronic invoicing
- SuiteBilling platform
- Enhanced governance, risk and compliance 

4. SuiteWorld 2016: Intelligent Order Management

SuiteWorld 2016: Intelligent Order Management

NetSuite has announced Intelligent Order Management, an automated platform enabling its customers to have a 'buy anywhere, fulfill anywhere, return anywhere commerce experience.'

This product is an expansion of NetSuite's Order Management that incorporates an intelligent omni-channel, enabling customers to create 'rules' for returns, shipments and fulfilment procedures in the retail industry and other omni-channels. 

Key features include:

- Order sourcing and allocation
- Release for fulfilment
- Exception management
- Store pickup
- Ship from store
- Insight and KPIs

 

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