NetSuite Analytics Warehouse is a cloud-based data warehouse and analytics solution that consolidates multiple data sources, including NetSuite data, CSV files and other business system data, to drive actionable insights using the Oracle Analytics Cloud powered by the Oracle Autonomous Data Warehouse. As a result, business users can quickly build and run financial analyses without relying on IT.
You will automatically connect your NetSuite environment to the analytics warehouse using supplied data pipelines and NetSuite data objects. Prepackaged content gives your team access to immediate insights.
Collect and house data from multiple sources to foster collaboration and align departments. Then, analyze those large datasets at incredible speeds with the power of an analytics platform designed for fast and accurate answers to your business questions.
You will not only get the information you need with role-based views, but also can quickly organize your insights with decks, cards and dashboards.
And if this were not enough, Oracle NetSuite has just recently announced significant updates to NetSuite Analytics Warehouse, which will help organizations further enhance decision making and uncover new revenue streams.
These updates make it easier for customers to blend relevant data sets and introduce new pre-built visualization capabilities.
Built on Oracle Analytics Cloud and Oracle Autonomous Database for analytics and data warehousing (ADW), NetSuite Analytics Warehouse helps customers spot patterns and quickly surface insights from NetSuite and third-party data.
The new updates make it easier for customers to blend standard NetSuite transactional data with custom data, legacy data and an expansive collection of third-party sources.
Additionally, enhancements to pre-built visualization capabilities enable customers to quickly see key performance indicators and identify trends and new data relationships.
Gary Wiessinger, Senior VP, Product Management at Oracle NetSuite, says that despite having more data available, many business leaders feel that decision making is harder than ever.
“By harnessing the machine learning-powered analytical capabilities of Oracle Analytics Cloud and the highly automated Oracle Autonomous Database for analytics and data warehousing, the enhanced NetSuite Analytics Warehouse provides organizations with relevant and reliable data,” Wiessinger says. “As a result, customers can streamline the decision-making process to boost productivity and growth.”
Custom Attribute Mapping Editor — Customers now can select the custom data to flow from NetSuite into the data warehouse on the next scheduled refresh and its placement in a subject area data snapshot—such as finance, purchasing, inventory, sales, and more—in just a few clicks and with no coding required.
Content Bundle Feature — Customers now can export content from one NetSuite Analytics Warehouse instance to another, providing efficiency and flexibility. For example, a customer can create a Workbook and dashboard in a sandbox account, and then use Bundles to export it into a production account.
Expanded Collection of Pre-built Subject Matter Data Snapshots —Customers now can access an expanded list of pre-built subject matter data snapshots and key metrics for role-specific business insights.
The following enhancements now are available as part of the standard daily refresh:
- Financials Snapshot — Revenue Commitment, Revenue Commitment Reversal, Revenue Arrangement
- Sales Snapshot — Opportunity and Commission
- Inventory Snapshot — Inventory Cost Revaluation, Bin Transfer and Bin Put Away Worksheet
- Retail Industry Snapshot — Gross Margins, Spend and Financials
Enhanced Vertical Functionality — Service customers now can access a new subscription-centric project management module to optimize revenue management.
Users who have experienced the benefits of NetSuite Analytics Warehouse are positive about the new enhancements.
Cari McCoy, CEO of Clickstop, says that collecting the data and keeping it accurate is important, but it’s insignificant if we aren’t driving meaningful action and decision-making with it. “NetSuite Analytics Data Warehouse makes both accurate data collection and strategic decision-making possible.”
Thread Wallets COO Mitch Sanders says that with NetSuite Analytics Warehouse, he was surprised at how easily his company could manipulate data flows to what we needed and then augment the data with multiple sources. “Two big benefits of NetSuite Analytics Warehouse are more accountability across the whole organization and more adoption of using data to drive decision making.”
With NetSuite Analytics Warehouse, you can find new insights and deliver faster time-to-value by combining all your business data sources within a robust business intelligence solution.
For more information, read the latest NetSuite blog.
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