2024 in Review: NetSuite Insights That Are Still Shaping 2025
With 2025 well underway, it’s the perfect time to reflect on the key NetSuite developments that shaped 2024, and how they continue to influence ERP strategies today.
A Year of Change. A Year of Challenges. A Year of Transformation.
As businesses across Europe continued to navigate the ripples of post-pandemic recovery, 2024 brought the need for rapid change. Financial uncertainty pushed many companies to rethink their operations and invest strategically in tools that deliver long-term value.
The result? An accelerated shift toward technology-driven solutions, and ERP systems like NetSuite led the way.
Why ERP? Why NetSuite?
Just as businesses turned to innovation, so did ERP vendors. And NetSuite maintained its competitive edge throughout 2024, reaffirming its position as a market leader.
Adaptability was the defining trait for NetSuite last year. A series of strategic updates addressed evolving customer needs while continuing to support smarter, faster decision-making across organizations.
Here’s a look at three major enhancements and the business areas they impacted:
1. Enterprise Performance Management (EPM)
Bringing together planning, budgeting, forecasting, account reconciliation, financial closure, and reporting, EPM helped streamline and unify financial processes.
Impacted business areas:
-
Finance
-
Accounts
-
Sales & Marketing
-
C-Suite
-
Directors
2. Extended Analytics Warehouse
This tool consolidated data from multiple sources to deliver a unified performance view. The outcome was clearer insights, better trend analysis, and enhanced decision-making.
Impacted business areas:
-
Finance
-
Accounting
-
Operations & Supply Chain
-
Sales & Marketing
-
C-Suite
-
Directors
3. NetSuite Text Enhance
Automating context-sensitive text creation across the suite, this feature simplified workflows and saved valuable time for multiple teams.
Impacted business areas:
-
Finance
-
Accounting
-
HR
-
Operations & Supply Chain
-
Sales & Marketing
-
Customer Support
AI and ERP: A Continuing Evolution
Artificial Intelligence was one of the most discussed topics in 2024, and it continues to dominate the tech landscape in 2025. While AI has been part of Oracle’s strategy for years, 2024 saw a surge in momentum, especially following announcements made at SuiteWorld 2023.
With a growing focus on generative AI, NetSuite began to integrate smarter automation into its core functionalities. As Evan Goldberg, Founder and EVP of Oracle NetSuite, put it, 2024 marked “the opportunity for a quantum leap in doing more with less.”
That trajectory has only continued into 2025, as businesses are now beginning to see the long-term impact of AI-enabled ERP systems, delivering faster insights, improving user experience, and creating new efficiencies.
