Oracle NetSuite helps UAE organisations scale and grow


February 13, 2019 | By RetailME Bureau

Oracle NetSuite has expanded its partner ecosystem in the region and introduced new innovations to help organisations in the UAE gain visibility and control needed to navigate change and accelerate growth. The new partnerships and innovations are designed to help UAE organisations drive growth, reduce costs and quickly and easily achieve the benefits of cloud computing.

“The UAE is putting a huge focus on business growth and economic development and this is creating a unique opportunity for innovation,” says Nicky Tozer, VP of EMEA, Oracle NetSuite. “With our new innovations and expanded partner ecosystem, we are strongly placed to help UAE customers capitalise on this opportunity.”

Home-grown healthy snack brand Munchbox credits NetSuite with enabling it to meet its triple digit growth goals. “We found NetSuite best suited to our needs – minimal upfront investment, positive testimonials from customers and passionate customer care from the team,” shares Mahmoud Adham, CEO, Munchbox.

On the other hand, a diversified business like Sharaf HQ Investment has also benefitted from Oracle NetSuite. “We’re delighted to join forces with NetSuite. This investment will allow us to apply our advanced ERP implementation capabilities to NetSuite’s world-leading business management software skills so we can support customers across the region to achieve greater efficiency in their organisation,” adds CEO, Farhan Al Bastaki.

The latest innovations within the NetSuite platform include new SuiteSuccess Financials First capabilities that help organisations operating in the UAE automate financial processes, improve reporting and gain real-time visibility into key business metrics. Built on industry leading practices and deep domain knowledge, SuiteSuccess includes pre-defined roles, KPIs, dashboards and workflows for finance departments.

The functionality allows for VAT support, enabling organisations to comply with tax rules from the Unified Value Added Tax (VAT) agreement signed by GCC countries. The highly flexible tax engine supports over 110 countries for VAT – including rules and reporting – creating a solid foundation for GCC VAT functionality.

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