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Oracle's (ORCL) NetSuite Unveils Connector for MICROS Simphony
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Oracle’s (ORCL - Free Report) NetSuite has introduced the Connector for MICROS Simphony to help restaurants and hospitality businesses boost productivity and make informed decisions. This integration provides tailored features for the restaurant and hospitality industry.
This connector links Oracle's renowned restaurant point-of-sale (POS) solution with NetSuite's cloud business suite, allowing for seamless data exchange. This integration enables a daily import of essential financial and inventory information from Simphony to NetSuite automatically.
Financial reporting becomes more straightforward with NetSuite’s Connector for MICROS Simphony. It allows for faster book closings and provides better financial insights, especially for businesses with multiple locations.
Manual data reconciliation is a thing of the past with this connector. Updates from Simphony to NetSuite are automatic, saving time and effort. Transactional data, such as sales totals, items sold and discounts, are segmented by dayparts, ensuring accuracy and efficiency.
Inventory management is greatly improved with NetSuite’s Connector for MICROS Simphony. By automating data flow between POS and inventory systems, businesses can eliminate errors and accurately track sales. This leads to better decision-making regarding inventory levels and demand planning.
Expanding Clientele to Aid Cloud Services and License Revenues
Oracle’s NetSuite has been expanding its clientele constantly. It deals with some notable clients like the Dollar Shave Club, UNTUCKit and Latch. These clients are expected to aid the company’s cloud services and license revenues in the upcoming quarters.
The Zacks Consensus Estimate for ORCL’s fiscal 2024 cloud services and license revenues is pegged at $44.68 billion, indicating year-over-year growth of 26.5%. The Zacks Consensus Estimate for 2024 earnings is pegged at $5.58 per share, indicating year-over-year growth of 8.98%.
Dollar Shave Club, a prominent razor and personal care brand, has opted for Oracle’s NetSuite to bolster its commitment to promoting self-care and well-being. By utilizing NetSuite, the brand aims to streamline financial processes, enhance operational visibility and facilitate the growth of its personal care product line, both online and offline. Similarly, UNTUCKit, a renowned apparel brand, has embraced NetSuite to further its mission of offering perfectly fitting shirts to a wider audience.
Leveraging NetSuite's integrated suite, UNTUCKit aims to automate financial tasks, accelerate reporting and efficiently expand its operations. Latch, a provider of building management solutions, has also turned to the company to advance its goal of simplifying property management and enhancing tenant experiences. With NetSuite, Latch intends to explore new business models, introduce innovative services and attract talent while expanding and diversifying its operations.
Salesforce Sales Cloud automates tasks, aids lead generation and enhances communication. It offers tailored solutions for government use, facilitating faster and personalized citizen services. CRM recently launched Einstein 1 Studio, empowering admins and developers to customize Einstein Copilot AI assistant across apps effortlessly.
Microsoft Cloud provides a range of tech tools and solutions to support businesses in today's changing world. MSFT and ORCL have teamed up to meet the increasing demand for Oracle Database on Azure worldwide. Microsoft is expanding the availability of Oracle Database to five more regions, making it accessible in a total of 15 regions globally.
Amazon Web Services (“AWS”) offers cloud services to government agencies, with more than 7,500 using its platform. AWS recently announced that the South Korean AI startup, Upstage, launched the SOLAR MINI Small Language Model on its platform. This model works in Korean and English, as well as helps with tasks like understanding, summarizing and translating content. It is customizable and available on Amazon SageMaker JumpStart and AWS Marketplace for easy deployment.
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Oracle's (ORCL) NetSuite Unveils Connector for MICROS Simphony
Oracle’s (ORCL - Free Report) NetSuite has introduced the Connector for MICROS Simphony to help restaurants and hospitality businesses boost productivity and make informed decisions. This integration provides tailored features for the restaurant and hospitality industry.
This connector links Oracle's renowned restaurant point-of-sale (POS) solution with NetSuite's cloud business suite, allowing for seamless data exchange. This integration enables a daily import of essential financial and inventory information from Simphony to NetSuite automatically.
Financial reporting becomes more straightforward with NetSuite’s Connector for MICROS Simphony. It allows for faster book closings and provides better financial insights, especially for businesses with multiple locations.
Manual data reconciliation is a thing of the past with this connector. Updates from Simphony to NetSuite are automatic, saving time and effort. Transactional data, such as sales totals, items sold and discounts, are segmented by dayparts, ensuring accuracy and efficiency.
Inventory management is greatly improved with NetSuite’s Connector for MICROS Simphony. By automating data flow between POS and inventory systems, businesses can eliminate errors and accurately track sales. This leads to better decision-making regarding inventory levels and demand planning.
Oracle Corporation Price and Consensus
Oracle Corporation price-consensus-chart | Oracle Corporation Quote
Expanding Clientele to Aid Cloud Services and License Revenues
Oracle’s NetSuite has been expanding its clientele constantly. It deals with some notable clients like the Dollar Shave Club, UNTUCKit and Latch. These clients are expected to aid the company’s cloud services and license revenues in the upcoming quarters.
The Zacks Consensus Estimate for ORCL’s fiscal 2024 cloud services and license revenues is pegged at $44.68 billion, indicating year-over-year growth of 26.5%. The Zacks Consensus Estimate for 2024 earnings is pegged at $5.58 per share, indicating year-over-year growth of 8.98%.
Dollar Shave Club, a prominent razor and personal care brand, has opted for Oracle’s NetSuite to bolster its commitment to promoting self-care and well-being. By utilizing NetSuite, the brand aims to streamline financial processes, enhance operational visibility and facilitate the growth of its personal care product line, both online and offline. Similarly, UNTUCKit, a renowned apparel brand, has embraced NetSuite to further its mission of offering perfectly fitting shirts to a wider audience.
Leveraging NetSuite's integrated suite, UNTUCKit aims to automate financial tasks, accelerate reporting and efficiently expand its operations. Latch, a provider of building management solutions, has also turned to the company to advance its goal of simplifying property management and enhancing tenant experiences. With NetSuite, Latch intends to explore new business models, introduce innovative services and attract talent while expanding and diversifying its operations.
Shares of this Zacks Rank #3 (Hold) company have gained 19.1% year to date compared with the Zacks Computer and Technology sector’s growth of 11.4%. This outperformance was due to the company’s added relevant capabilities to attract more clientele. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ORCL faces tough competition from giants like Salesforce (CRM - Free Report) , Microsoft (MSFT - Free Report) and Amazon (AMZN - Free Report) .
Salesforce Sales Cloud automates tasks, aids lead generation and enhances communication. It offers tailored solutions for government use, facilitating faster and personalized citizen services. CRM recently launched Einstein 1 Studio, empowering admins and developers to customize Einstein Copilot AI assistant across apps effortlessly.
Microsoft Cloud provides a range of tech tools and solutions to support businesses in today's changing world. MSFT and ORCL have teamed up to meet the increasing demand for Oracle Database on Azure worldwide. Microsoft is expanding the availability of Oracle Database to five more regions, making it accessible in a total of 15 regions globally.
Amazon Web Services (“AWS”) offers cloud services to government agencies, with more than 7,500 using its platform. AWS recently announced that the South Korean AI startup, Upstage, launched the SOLAR MINI Small Language Model on its platform. This model works in Korean and English, as well as helps with tasks like understanding, summarizing and translating content. It is customizable and available on Amazon SageMaker JumpStart and AWS Marketplace for easy deployment.