NetSuite is helping companies engage employees and optimize their projects in new ways to increase productivity, develop more efficient processes and gain better insights into workforce and project performance.
In a recent keynote address on the NetSuite Now On Air virtual event, Hanif Ismail, vice president of strategy and product for HCM solutions, explained how NetSuite has introduced new functionality to SuitePeople to improve employee engagement. In a separate part of the keynote, Ian Edwards, senior principal product manager, services, at Oracle NetSuite discussed a NetSuite integration with Oracle Content and Experience Cloud to further project optimization.
As companies navigate through a global pandemic, HR professionals in particular are experiencing added pressure to help:
- They have had to redesign HR processes, workplaces and policies while helping to support a remote workforce.
- During that time, HR has had to forge tighter partnerships with financial and other executive leaders to determine how to make the workforce more agile and resilient and to keep them safe.
- Meanwhile, keeping employees engaged and productive has required additional focus.
Workforce analytics and dashboards have become a strategic tool to work with financial leaders to get better insights on workforce productivity, optimization, costs and plan for future needs.
“With a unified solution for HR, payroll and finance, decision makers can make better, faster workforce decisions without needing to reconcile information from multiple sources,” Ismail said.
NetSuite is helping HR professionals keep employees engaged with a new performance management solution to get them focused on setting and achieving goals while having more frequent and meaningful conversations with their manager.
In conjunction, NetSuite is continually updating SuitePeople Payroll to help companies account for new workforce laws like the Families First Coronavirus Response Act (FFCRA) for absence management.
To help the HR professional manage the workforce through rapid change, NetSuite begins with an innovative approach to software design called, “Suiteness.” Its centralized data model reduces duplicate data entry, eliminates the cost of integrations and makes valuable data available in real time across the suite. As a result, payroll processing is fully automated and can be reduced by as much as 86%. Additionally, innovative approaches to performance management are now possible by having employee goals updating from operational data in NetSuite to promote more meaningful reviews and higher levels of employee engagement.
Optimizing the Project Life Cycle
Services organizations face ever increasing challenges to deliver value to clients with remote teams, clients expectations increasing and profitability margins getting tighter. Today’s project manager (PM) has to juggle multiple clients, different projects and teams, delivery deadlines, vendors and budgets in order to keep customers satisfied and projects profitable.
NetSuite’s vision for project planning, resource planning and project budgeting brings these three integral parts of services planning together in a much more unified way than before with an exciting new design, simplifying and accelerating the project planning process.
“We continually focus on delivering Suiteness improvements to build in more automation and intelligence — driving the success of the project manager,” Edwards explained.
In NetSuite 2020 Release 2, new content and experience features give users the ability to manage and collaborate on project content by leveraging an integration with Oracle Content and Experience Cloud. Attach relevant content to projects and project tasks in NetSuite with a collaborative platform that supports team conversations, version control, drag-and-drop upload providing great value to customers using projects, especially those in a creative environment.
If you missed them live, the product keynotes, presentations and customer stories are available on demand.