"Finance teams often spend a significant amount of time gathering data and creating narratives to explain financial results, justify important decisions, and forecast future growth. This can be a labor-intensive process that often diverts time away from more strategic analysis and slows down decision-making," said Evan Goldberg, founder and executive vice president at Oracle NetSuite. "To address this challenge, the latest updates to EPM help finance teams leverage powerful AI innovations to help increase efficiency, expand insights, and enable more time to be spent on value-added activities."
Netsuite Enterprise Performance Management (EPM) now uses AI to automatically generate 'financial narratives'. These commentaries on enterprise data can be used to identify and capitalize on chances for business growth, as well as to summarize recent financial performance and trends using securely stored financial data.
The NetSuite Analytics Warehouse (NSAW) has been filled with new AI-powered features designed to improve efficiency and lower the barrier to entry with AI. Customers can pose natural language questions to the Oracle Analytics AI Assistant within NSAW and receive detailed answers rooted in their data.
EPM users will also be able to raise insights on data using a new dedicated AI assistant, which uses natural language processing to respond to plaintext inputs. These AI innovations help reduce complexity and enhance data insights.
Collection
[
|
...
]