Oracle NetSuite has launched NetSuite Analytics Warehouse Multi-Instance Connector. The new connector enables customers in the UK and Ireland to reduce costs and improve decision-making by consolidating data from multiple NetSuite instances into a single NetSuite Analytics Warehouse environment. Netsuite says the new solution will and improve the accuracy and speed of insights.
“Holding and parent companies, private equity firms, and franchisors often struggle to consolidate data and derive meaningful insights from the portfolio of businesses they oversee. In many cases, workarounds are time-consuming, error prone, and expensive,” said Evan Goldberg, founder and EVP, Oracle NetSuite. “With NetSuite Analytics Warehouse Multi-Instance Connector, customers with multiple NetSuite instances can efficiently centralise data. By leverage industry-leading AI and analytics enterprises can quickly spot patterns, and gain insights from across their portfolio of businesses. This will accelerate growth.”
Improving business efficiency
Built on the Oracle Analytics Cloud and Oracle Autonomous Data Warehouse, NetSuite Analytics Warehouse is the first and only AI-enabled, prebuilt cloud data warehouse and analytics solution for NetSuite. With NetSuite Analytics Warehouse Multi-Instance Connector, organisations can consolidate data, simplify data management, access current analytics. Netsuite say this will improve the accuracy of insights. This enables customers that manage a portfolio of different businesses to:
- Reduce costs: Helps organisations reduce the cost and complexity of additional software licenses by connecting data from multiple NetSuite instances for efficient access to accurate business intelligence.
- Expand insights: Helps organisations understand how well portfolio investments meet financial objectives and tolerate risk. Enterprises can use features like chart narratives, pattern recognition and anomaly detection to achieve this. The platform provides a single view across their portfolio. Organisations can identify new revenue streams and forecast growth by leveraging predictive analytics using the built-in AI and machine learning.
- Enhance decision-making: Enables organisations to leverage their consolidated data to identify issues. They can quickly respond to opportunities using the collection of interactive dashboards, visualisations, and key metrics.
Enterprise Times: What this mean for businesses
The NetSuite Analytics Warehouse Multi-Instance Connector sounds like good news for global organisations stretched across different geographic, often with disparate systems and platforms. Data is the lifeblood of any organisation; however, all too often, it’s held in siloes across incompatible systems and platforms. Netsuite’s new solution will enable organisations in the UK and Ireland to manage business portfolios to centralise data. This should reduce costs and expand insights since it will allow key stakeholders access to information in a timely manner. Ultimately, this should improve decision-making in any organisation.
