NEORide Accelerates Transit Efficiency with Oracle NetSuite for Government
Rhea-AI Summary
Oracle (NYSE:ORCL) has announced a strategic agreement with NEORide, a multi-state transit alliance, to provide Oracle NetSuite for Government to 40 public transit entities across 11 states. The AI-enabled cloud ERP solution will help streamline operations for transit agencies in states including Ohio, Arkansas, Kentucky, and Michigan.
The partnership enables NEORide members to access NetSuite for Government through a simplified, FTA-compliant purchasing process. The solution offers comprehensive tools for accounting, grants management, payroll, budgeting, and human resources in a single unified system, helping agencies improve transparency and operational efficiency.
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News Market Reaction
On the day this news was published, ORCL declined 3.81%, reflecting a moderate negative market reaction.
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State-wide public entities can now access the #1 AI cloud ERP solution to improve transparency and drive efficiency
Founded in 2014, NEORide brings together transit agencies across
"NEORide is committed to empowering our growing member base with the comprehensive tools and resources they need to enhance all aspects of public transit services," said Katherine Conrad, Executive Director, NEORide.
Fast-tracking process efficiency
With NetSuite for Government, NEORide members can take advantage of AI-powered, flexible workflow tools to reduce manual tasks and implement more efficient processes that improve transparency and free up employees to focus on higher-value work. For example, finance teams can easily produce forecasts, model what-if scenarios, and generate reports using a single, unified solution. In addition, with access to real-time data from across their operations, members can quickly adjust budgets in response to shifting economic conditions or legislative mandates; leverage general ledger insights to keep accounts accurate and balanced; and accelerate reporting with pre-built templates and intelligent analytics.
"Government agencies need a straightforward and trustworthy path to transformative, secure technology that empowers them to efficiently serve their communities' core service needs," said Steve Seoane, senior vice president and general manager, Oracle Local Government. "By teaming with NEORide, we're helping its members eliminate complex government procurement challenges as they move to achieve more with less, emphasizing automation, increased productivity, and better decision-making through AI and a unified platform, so they can focus on providing excellent constituent services."
Learn how other cities and entities are benefitting from NetSuite for Government at www.oracle.com/government/state-local/netsuite-for-government
About NEORide
NEORide is a regional council of governments formed to expand transportation options through cooperative agreements among member agencies, leveraging collective purchasing and federal funding to deploy cutting-edge mobility solutions.
About Oracle NetSuite
For more than 25 years, Oracle NetSuite has helped organizations of all sizes reach their goals faster and more efficiently. NetSuite provides an integrated business system with embedded AI that delivers powerful financial management, supply chain, customer experience, and HR capabilities. Relied on by more than 42,000 customers in 219 countries and dependent territories, NetSuite is the #1 AI cloud enterprise resource planning (ERP) solution.
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.
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SOURCE Oracle