NetSuite, owned by Oracle (ORCL.N), said that it is using its parent company's cloud-based systems to develop the new "Text Enhance" feature.
In NetSuite's case, some of the new features are aimed at automating the mundane day-to-day tasks of a finance department.
Other new NetSuite features are aimed at reading and analyzing financial data to generate summaries and reports.
NetSuite said the "Text Enhance" features will roll out over the next six months.
The company said typical use levels of the new features, which rely on a new supercomputer built by Oracle, will be included in existing subscription prices, but further new AI features or higher use levels may include additional costs.
Persons:
Evan Goldberg, NetSuite's, Goldberg, we've, NetSuite, Stephen Nellis, Will Dunham
Organizations:
Oracle, Microsoft, LinkedIn, Adobe, Thomson
Locations:
San Francisco