Oracle Corp Stock Price, News & Analysis

Oracle NetSuite has introduced NetSuite Ship Central, a mobile application aimed at streamlining warehouse operations. This solution enhances the packing-to-delivery process, allowing organizations to automate and optimize their shipping tasks. Key features include real-time package tracking, easy shipment consolidation, and customization of shipping workflows. NetSuite Ship Central will be available worldwide from November 2022, aimed at increasing efficiency and reducing costs for organizations.

Oracle NetSuite has announced updates to the NetSuite Analytics Warehouse, enhancing data management for businesses. Key improvements include a Custom Attribute Mapping Editor, 12 pre-built dashboards, and 15 new third-party data integrations, including connections with Shopify and Google Analytics. With these upgrades, available in North America, Australia, and the UK, organizations can simplify data management, accelerate insights, and access more industry-specific content. This aims to enable businesses to identify new revenue streams and improve decision-making efficiency.

Oracle NetSuite has launched SuitePeople Workforce Management to optimize staffing and enhance profitability. This new solution automates shift scheduling, wage calculations, and workforce tracking, allowing organizations to adapt quickly to labor market changes. With features like a mobile app for employee engagement and a visual scheduling tool, businesses can improve accuracy in payroll processing and labor cost management. The solution is set to be available in the U.S., Canada, Australia, and New Zealand in early 2023, and in the UK and Ireland by summer 2023.

Orangetheory Fitness has chosen Oracle NetSuite for its global expansion, aiming to automate key processes and enhance operational insights. With over 1,500 studios in 24 countries, the fitness brand seeks a robust enterprise resource planning (ERP) system to streamline its operations, improve data accuracy, and support decision-making amidst rising demand. NetSuite will help Orangetheory consolidate operations, integrate data with franchisees, and refine business processes, facilitating its strategic growth.

Studio McGee, a leader in interior design, partners with Oracle NetSuite to streamline its operations in response to soaring demand for homewares. The company has seen its revenue grow over $80 million since its launch in 2014. With the integration of NetSuite's ERP system, Studio McGee transitions from five disconnected applications to a centralized platform, enhancing productivity and reporting accuracy. The firm is moving into a new 325,000-square-foot fulfillment center while exploring international expansion, aiming to support its rapid growth.

Oracle NetSuite announced that March of Dimes is leveraging its cloud-based ERP system to streamline financial processes and enhance operational efficiency. The nonprofit has reduced its monthly financial close from 14 to 5 days by utilizing NetSuite's integrated business system. This improvement enables March of Dimes to allocate resources more effectively, driving a more significant impact on its mission to improve the health of mothers and babies. The transition to NetSuite has allowed for automation in payables and receivables, providing real-time financial insights critical for strategic decision-making.

Thread, a producer of stylish wallets and accessories, partners with Oracle NetSuite to enhance its demand forecasting and decision-making capabilities. Utilizing NetSuite Analytics Warehouse, Thread harnesses data from diverse sales channels and retail locations, which has led to improved supply chain efficiency and increased revenue, now exceeding $15 million. The partnership allows Thread to more accurately anticipate customer demand and streamline operations, helping to sustain its rapid growth trajectory.

Granite Partners utilizes Oracle NetSuite to enhance operational efficiency across its portfolio of 10 companies. By leveraging an integrated business system, Granite improves revenue processes, increases margins, and enhances business outcomes. With capabilities like CPQ for price management and ERP for cost management, Granite addresses challenges posed by inflation and supply chain issues. This results in a more streamlined approach to pricing and product configuration, ultimately boosting profitability for both the portfolio companies and Granite Partners.

Oracle announced that Exelon Corporation is migrating several of its utility applications to Oracle Cloud Infrastructure (OCI). This shift aims to enhance IT efficiencies, reduce costs, and support Exelon's sustainability goals as part of its cloud-first strategy. The partnership will utilize Oracle's applications for better customer service and operational performance. Exelon serves over 10 million customers, emphasizing a commitment to integrating innovative technologies for sustainability and customer satisfaction.