Oracle NetSuite Corporate Communications
Addition of Core HR Unifies Financial, Customer, Product, Services and People Data in NetSuite
SUITEWORLD 2017, LAS VEGAS, Nev.—April 25, 2017—Oracle NetSuite Global Business Unit (GBU), the industry’s leading provider of cloud financials / ERP, HR and omnichannel commerce software suites, today announced SuitePeople, a new core human resources (HR) offering natively built on NetSuite’s unified cloud suite. NetSuite is the first and only cloud ERP suite to give businesses a single platform to manage mission critical business processes across ERP, Customer Relationship Management (CRM), Professional Services Automation (PSA), omnichannel commerce and now HR.
Traditionally, businesses have had to manage core HR processes in separate modules, disparate systems, or worse, in spreadsheets. Growing businesses can’t afford the cost, time and risk associated with manual workarounds, complex integrations or siloed data. Unlike legacy HRIS solutions, SuitePeople helps “people information” become actionable throughout the organization from a single suite.
“Since its inception, NetSuite has believed that the best way to run a business is with a unified suite. Today, we are incredibly excited to complete that vision with the launch of SuitePeople,” said Jim McGeever, Executive Vice President of the Oracle NetSuite Global Business Unit. “NetSuite has always delivered applications designed to run a complete business not just a department. And that same philosophy was built into the core of SuitePeople, the most unified flexible core HR offering ever available.”
“Having HR data available in NetSuite has transformed how we manage, train and retain our most valuable asset—our people,” said Noah Finn, Managing Partner at Finn Partners, a SuitePeople customer. “We’ve already seen significant business benefits and have only just scratched the surface of what we can do with all of our information in one central repository.”
“Successful organizations seek employee engagement solutions to ensure that their people are empowered and motivated. These solutions must enable everyone from the shop floor to the top floor,” said R “Ray” Wang, Principal Analyst and CEO of Constellation Research, Inc.
SuitePeople weaves people data throughout the suite, giving businesses complete control over their core HR processes. SuitePeople helps enable employees to request time off, access employee directories and organizational charts, monitor upcoming vacation schedules and new hires or publicly recognize good work. SuitePeople helps empower managers and HR professionals to streamline employee information, new hires, employee onboarding, promotions and compensation changes, all from a single suite.
SuitePeople plans to provide:
“Systems are the backbone of your business, but the heartbeat is your people,” said Joseph Fung, VP of Product Development at NetSuite. “With SuitePeople, businesses can achieve a more engaged workforce, improved operational efficiency, and timely strategic decision making. And best of all, because it is part of the unified suite, you can now manage and engage a global workforce better than ever.”
About Oracle NetSuite Global Business Unit
Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.
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