Work smarter with AI-driven tools

A mix of AI, analytics, and financial tools aimed to help businesses cut down on manual work and get a clearer view of their operations has been launched by Oracle NetSuite. The company introduced three major updates at its SuiteConnect event on April 8, with a focus on automation, smarter planning, and local relevance.

The centerpiece is the rollout of NetSuite Enterprise Performance Management (EPM), a financial suite built to handle everything from planning and budgeting to account reconciliation and tax reporting. The tools are connected by AI-powered features meant to speed up reporting and improve forecasting accuracy.

"Finance teams play a critical role in growing a business, but they often have to spend too much time on manual reporting tasks when they could be spending more time on strategic activities that drive the business forward," said Gary Wiessinger, senior vice president of application development at NetSuite. "By automating and unifying financial processes — from planning and budgeting to closing the books and reporting — NetSuite EPM addresses this challenge and will help our customers in Singapore increase business efficiency and leverage AI to gain the insights needed to make better decisions, faster."

NetSuite EPM also includes local support for tax compliance, helping businesses deal with evolving rules like OECD country-by-country reporting. The suite's planning and reconciliation features are built to reduce back-and-forth between spreadsheets and improve financial controls with automation baked in.

But NetSuite didn't stop at finance. The company also unveiled a suite of AI tools that are now part of the broader NetSuite platform. These include generative AI text suggestions, smart agents that catch financial exceptions before the books close, and development tools for building custom AI functionality.

"We are committed to helping organizations in Singapore run their businesses more efficiently and continue to embed more AI capabilities across NetSuite at no additional cost," Wiessinger said.

NetSuite Text Enhance can generate natural-sounding content in system text fields, helping teams in finance, sales, or support stay consistent and save time. Meanwhile, NetSuite Prompt Studio lets admins fine-tune AI responses to match their brand tone or user preferences. There's also an AI-powered support assistant that scans help documentation to give users instant answers to common product questions.

To tie everything together, NetSuite is rolling out its Analytics Warehouse in Singapore — a cloud-based platform that combines business data from NetSuite and third-party sources, then layers AI on top to generate reports, visualizations, and forecasts. The system helps businesses look at patterns across departments, spot risks, and find growth opportunities.

"Making sense of data can be a time-consuming, complex process that slows down decision making," said Wiessinger. "NetSuite Analytics Warehouse will help our customers in Singapore address these challenges by centralizing data, automating analysis, and providing the insights they need to adapt to changing customer needs."

The message from NetSuite is clear: more automation, more insights, and less time spent piecing things together manually. For Singapore businesses trying to grow while juggling regulatory changes and increasing complexity, these updates could offer some breathing room — or at least fewer spreadsheets.