Oracle NetSuite has announced a new AI-powered extension to its project management solution, NetSuite SuiteProjects. NetSuite SuiteProjects Pro (previously called NetSuite OpenAir) includes a new user experience and advanced capabilities that will help organizations reach their goals more quickly and efficiently by helping them reduce risk, optimize resource allocation, increase productivity and profitability, and scale operations.
“As businesses expand, their needs become more complex, and projects require more intentional monitoring and resourcing to maintain project profitability and meet key milestones,” said Evan Goldberg, founder and executive vice president, Oracle NetSuite, while introducing the new functionality at last week's SuiteWorld. “NetSuite SuiteProjects Pro enables project-based businesses to take advantage of the latest advancements in AI to improve the speed of workflows and increase efficiency by automating staffing, scheduling, budget tracking, and billing.”
NetSuite SuiteProjects Pro expands upon the capabilities of NetSuite SuiteProjects embedded in NetSuite ERP that supports the project delivery lifecycle. As a business grows and becomes more complex, NetSuite SuiteProjects Pro, an advanced professional services automation (PSA) solution, optimizes the entire project delivery lifecycle including AI and automation designed to maximize project efficiency.
NetSuite SuiteProjects Pro is a complete PSA solution that brings together all the components that a project-based services organization needs to run its business. It provides support with a powerful, cloud-based suite, real-time visibility and anytime, anywhere access to the information and tools users need to deliver projects to their clients on time and within budget.
With NetSuite SuiteProjects Pro, project managers can take advantage of:
AI-powered Project Risk Analysis
Calculating project risk is challenging for any organization, but NetSuite's AI makes it easier to monitor the health of projects, anticipate and mitigate issues, and prevent delays of current projects in the portfolio with enhanced staffing tools. SuiteProjects Pro can help customers monitor project status, anticipate issues and mitigate risk and losses, and proactively calculate and analyze projects based on historical data and key metrics in order to reduce the likelihood of delays.
Improved Project Viability, Profitability and Reporting
SuiteProjects Pro can automatically generate status reports and alerts to improve coordination among project managers, consultants, business leaders and customer. It facilitates accurate accounting, including billing, throughout the project lifecycle and integrates project activities into the operation's financial reporting to enhance and improve cash-flow visibility.
AI-powered Staffing Recommendations
SuiteProjects Pro helps customers accelerate project planning, improve resource allocation, and increase project efficiency by matching projects with the right talent and available skills upon project creation. It can increase productivity with advanced capacity planning. Users can allocate resources based on skill set, demographic information, experience, work preferences, and planned PTO.
Enhanced User Experience with Oracle Redwood
SuiteProjects Pro is packed with new Oracle Redwood user experiences to help customers increase their productivity and improve their global search, role-specific and actionable tasks, and a visually engage with home page based key metrics, KPIs, and charts. These experiences help facilitate accurate accounting and billing throughout the project lifecycle and connect project activities with the company's financials to improve outcomes and cash flow.
All-in-one package with per-user pricing
The pricing structure for SuiteProjects Pro makes it easier for customers to expand their NetSuite access (aka: "Suiteness") by reducing costs and aligning usage with business growth while providing a complete project-focused solution based on per-user pricing.
SuiteProjects Pro Roll-out
Current 'NetSuite OpenAir' customers are being automatically transitioned to the new experience and benefits of SuiteProjects Pro. New or existing NetSuite customers wishing to avail themselves of SuiteProjects Pro can expect to see general availability within the next twelve (12) months.