Oracle NetSuite SuiteWorld 2019 Recap

By - April 16, 2019

Our team had a great week at SuiteWorld 2019. We attended great sessions, listened to some exciting keynote speakers, connected with a lot of our clients, and met some new people. The highlight of our week was retaining our title as Oracle NetSuite Worldwide Solution Provider Partner of the Year for 2019. Here are some other highlights from our week in Las Vegas.

Oracle NetSuite’s SuiteWorld19 continues to help grow businesses from around the world by sharing best practices, success stories and strategies through series of talks and sessions. Attendees had a chance to network with entrepreneurs and leaders, and explore over 125 NetSuite partners, including RSM in the SuiteWorld Expo. Check out the highlights from SuiteWorld19.

Watch the Opening Keynote: Grow Beyond…A Blueprint for Growth at SuiteWorld19

Watch the Executive Keynote: Unlocking Growth at SuiteWorld19

Watch the Product General Session at SuiteWorld19

Here are a few highlighted announcements from SuiteWorld:

To help organizations across industries gain the visibility, control and agility required to accelerate growth, Oracle NetSuite announced a series of new innovations within the NetSuite solution, including new industry cloud solutions.

The latest updates to NetSuite include new analytics, commerce, financial, HR, marketing, project management and supply chain capabilities. The new capabilities help organizations reduce IT complexity, streamline business processes, simplify global trade, improve decision making, and enhance the customer and employee experience.

Analytics: Powerful new consumer-grade data exploration and visualization capabilities within the SuiteAnalytics Workbook give non-technical users rapid and meaningful insights into critical financial and operational metrics to enhance decision making across the entire organization.

Commerce: Thirty new extensions to SuiteCommerce enhance the customer experience by enabling business users to easily add new functionality. In addition, users can now integrate important third-party tools and product feeds to create compelling, fresh content without developer help.

Financials: New accounting features, including lease accounting, self-balancing segments and rules-based, auto-matching bank transactions, help customers streamline financial management and dramatically improve efficiencies.

Global Trade: New global financial management capabilities simplify tax changes, foreign currency expense reports and intercompany trade processes, while new localizations support customers headquartered or operating subsidiaries in some of the largest economies in the world.

HR: New capabilities within SuitePeople help customers streamline and secure HR processes. To deliver a better employee experience they introduce new self-service features including: advanced security capabilities for employee data, industry-specific functionality for customers with large volumes of hourly workers, and providing real-time insights from across the entire employee lifecycle.

Marketing: Updates to the Oracle Bronto Marketing platform help marketers deliver more relevant and consistent brand experiences by providing increased visibility into commerce data, improving campaign ROI measurement, optimizing email delivery, accelerating ecommerce platform integrations and enabling faster product enablement.

Project Management: Updates to the rules-based approval engine, project budgeting and charged-based billing capabilities provide customers with increased visibility into project reporting Now with stronger control over time and expense approvals users have the agility to open up potential new revenue sources and business models.

Supply Chain: A new allocation and commitment engine allows customers to automatically determine the best way to allocate product, quickly identify potential issues and generate recommendations for resolution.

Additional highlights included:

SuiteSuccess for Planning and Budgeting: New Planning and Budgeting facilitate company-wide and departmental planning with modeling capabilities, approval workflows and reporting within one collaborative and scalable solution. Unlike competitive solutions, Planning and Budgeting is a fully integrated part of NetSuite and includes leading practices and models that are purpose built for industries. This gives customers instant visibility into performance and facilitates real-time decision making.

SuiteLife – New NetSuite partner initiative meets global demand for Cloud ERP
To meet growing customer demand for cloud ERP systems that have seen strong growth for Oracle NetSuite in the last year, NetSuite today announced SuiteLife, a new partner engagement initiative. SuiteLife represents the largest investment NetSuite has ever made in its partner ecosystem and encompasses a number of the NetSuite Partner Programs, which include more than 550 partners in 85 countries.

“The NetSuite team has always been a true partner and the work we have done together has helped ensure our customers are always getting the very best value,” said Steve Ems, Principal National Business Applications Leader, RSM US LLP. “With the launch of SuiteLife, NetSuite has raised the bar again by giving us even more help and support so we can always deliver an exceptional experience to our customers.”

Brainyard
NetSuite Brainyard combines the operational and business performance of more than 16,000 NetSuite customers together with NetSuite surveys and third-party research to deliver real-world data and insights that allow businesses in all industries to adapt and grow.
Brainyard helps companies understand the habits, business practices and performance metrics of successful organizations in every industry. It delivers data-driven insights and expert advice to help businesses discover, interpret and act on emerging opportunities and trends. Brainyard includes industry-specific KPIs and provides the basis for growing companies to benchmark themselves against others.

The research and data for Brainyard articles, videos and reports fall into three categories:
1. NetSuite – Anonymized and aggregated NetSuite usage data.
2. NetSuite Research – Anonymized and aggregated data from NetSuite surveys.
3. Third Party Research – Research gathered from third party sources that are cited and/or hyperlinked to in articles, videos and reports.

Special announcements from RSM

This year RSM US brought close to 60 people to the SuiteWorld conference plus another 15 from RSM International offices around the globe. For the 7th year in a row, RSM received Partner of the Year honors, taking home the Oracle NetSuite Worldwide Solution Provider Partner of the Year award for 2019.

RSM was a Gold sponsor of SuiteWorld and had a booth right next to the Grow and Tell Theatre. We were happy to meet and greet many familiar faces of friends, clients, partners, and international colleagues during the conference.

On Monday, April 1st after the opening reception in the exhibit hall, RSM hosted a VIP client reception at Canonita. It was a great opportunity to kick off the week of SuiteWorld and reconnect with RSM clients and colleagues.

On Tuesday, April 2nd John Rush and Ron Draganowski led a session on “Planning for Growth: Lessons from the Field on Integration and Configuration in High-Volume Environments.” They presented to a packed room with over 100 people attending to hear their top 5 lessons and key takeaways from several high-volume and high-performance client projects running on NetSuite.

Throughout the week at SuiteWorld we loved meeting with our clients and fellow NetSuite users. One of the ways we like to engage is by giving away free RSM goodies. This year we had 12 lucky winners walk away with an RSM YETI coffee mug. Here are a few pictures with some happy winners.

 

Highlights from the RSM booth

If you had the opportunity to stop by the RSM booth in the exhibit hall you probably picked up one of pop-sockets or web cam covers, but you may not have had room for some of our collateral in your bag. In case you missed it, here are few pieces we passed out during the show.

1. NetSuite Managed Application Services – RSM’s managed application services help you manage and maximize the value of your NetSuite investment. We provide access to certified technical resources to help you leverage, support and maintain your application.

2. NetSuite Optimization Services – RSM’s NetSuite optimization services are used by middle market organizations looking to reflect on current business models and shore up their NetSuite system with clean data, automation and workflows, and to leverage successful practices.

3. NetSuite shortcuts – we passed out a laminated NetSuite shortcuts document to help everyday users of NetSuite navigate the system. These helpful tips provide an easy way for folks to get more familiar with the system.

4. Advanced Revenue Management (ARM) – with the ongoing discussion about revenue recognition and ASC 606, RSM continues to provide guidance on all emerging accounting standards including ASC 842, Lease Accounting.

5. Altex Case Study – RSM provided Altex with NetSuite e-commerce, ERP and POS solutions to eliminate past pain points, unite key business processes and increase efficiency. Learn more…

Until next year, please stay connected by subscribing to our technology blog where you can get up to date information on NetSuite including our monthly NetSuite News & Insights newsletter or invites to our monthly webcast series. You can easily do that by adding your email to the “receive new posts by email” section in the right column on this page.

If you have any needs regarding NetSuite, please reach out to our professionals at NetSuite@rsmus.com or 855.437.7207. You can also visit our website at www.rsmus.com/netsuite

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