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Oracle has introduced new AI tools to its NetSuite financial software, aimed at streamlining the pricing process for complex purchases. These features allow sales professionals and consumers to quickly generate price quotes through a chatbot interface, enhancing efficiency in transactions. This approach contrasts with competitors like Microsoft, focusing on specific tasks rather than general-purpose AI assistants.
The new chatbot feature simplifies the configuration of products, such as custom bicycles, by guiding users through their options. This capability not only speeds up the sales process but also reduces costs per deal. Oracle's collaboration with partners like Cohere and potential future work with OpenAI indicates a strategic direction towards leveraging AI without the need for developing large-scale models.
• Oracle adds AI tools to streamline pricing in NetSuite software.
• New chatbot feature enhances product configuration for sales efficiency.
AI tools in NetSuite help automate and expedite the pricing quote process.
The chatbot feature allows users to interactively configure products and receive quotes.
Product configuration involves selecting options for complex purchases, facilitated by AI.
Oracle enhances its NetSuite software with AI tools to improve financial processes.
OpenAI's potential collaboration with Oracle could further enhance AI capabilities in NetSuite.
Cohere partners with Oracle to provide AI solutions for pricing and sales efficiency.
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