Oracle NetSuite announced a new "Anything-as-a-Service" version and a slew of AI-powered product improvements at SuiteConnect London, indicating a strong effort to assist UK companies, especially finance chiefs, in simplifying processes, cutting complexity, and opening up new income streams.

The timing is noteworthy. CFOs in the UK are under pressure to generate ROI on transformation initiatives, digitize financial processes, and adhere to changing standards like e-invoicing laws. With a product strategy that mainly relies on automation, embedded AI, and support for hybrid business models, NetSuite's most recent actions are an attempt to directly address those expectations.

With executives in operations and finance in mind, a number of AI-powered products were unveiled. One of them was the NetSuite Financial Exception Management Agent, which assists finance teams in resolving problems before the period closes by using generative AI to identify financial irregularities in real time. SuiteAnalytics Assistant provides natural language queries to generate on-demand reports, summaries, and KPIs without the need for technical support, while NetSuite Text Enhance & Prompt Studio enables AI-generated text in specific fields, improving accuracy and consistency in data entry—one of the most manual pain points in finance.

The unveiling of NetSuite SuiteSuccess Anything-as-a-Service (XaaS) Edition was arguably the most pertinent to CFOs. The XaaS Edition was created for businesses that provide a variety of goods and services, which is becoming increasingly common among mid-market businesses in the UK. Its goal is to streamline revenue recognition, inventory management, project invoicing, and other tasks on a single pre-configured platform.

Oracle NetSuite, which has more than 41,000 clients worldwide and is expanding in the UK, is placing a wager that native AI, when used sensibly and strategically, will set it apart from the competition and help CFOs modernize finance while controlling risk.