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Oracle NetSuite Partners with Cohere to Empower Language AI with Integrated Business Suite

In a strategic move, Oracle NetSuite has announced its partnership with Cohere, the leading AI platform for enterprises. This collaboration aims to enable enterprises to unlock the true potential of language AI and enhance their business value. By leveraging NetSuite’s integrated business suite, Cohere will be able to improve productivity, expand its business, and cater to the growing demand for generative AI-powered services globally.

Founded in 2019, Cohere offers advanced AI technology that assists businesses in exploring, generating, searching, and analyzing information in a natural and intuitive manner. With over $400 million raised in funding, Cohere is committed to bolstering its position in the AI industry and meeting the increasing customer demand. However, as the company expanded to include more than 200 employees across multiple locations including Toronto, the Bay Area, New York, and London, it realized the need to upgrade its finance system and reduce reliance on manual processes. To address these challenges, Cohere chose NetSuite as its new enterprise resource planning suite (ERP).

Martin Kon, President and COO of Cohere, emphasized how NetSuite brings significant efficiency advantages compared to their previous manual financial reporting systems, which had become time-consuming and cumbersome. Regular utilization of NetSuite will also enable Cohere’s product teams to identify areas where their AI technology can drive exciting innovations, making the software even more user-friendly and useful. Kon expressed enthusiasm in working with NetSuite as both a customer and technology partner to help their customers benefit from increased AI productivity gains.

By adopting NetSuite, Cohere is poised to enhance operational efficiency, make informed decisions, and continue its growth trajectory in terms of revenue, customer base, and employee footprint. Key benefits include streamlined financial reporting processes through automated workflows, quicker revenue management closure with NetSuite Revenue Recognition, and comprehensive financial reporting consolidation and currency management using NetSuite OneWorld. Furthermore, NetSuite enables Cohere to comply with local accounting, tax, and regulatory requirements across its global operations.

Evan Goldberg, Founder and Executive Vice President of Oracle NetSuite, acknowledged Cohere’s rapid growth in the AI landscape and emphasized that NetSuite’s scalable business suite will facilitate Cohere’s focus on cutting-edge research while expanding its operations globally.

The partnership between Oracle NetSuite and Cohere exemplifies the companies’ commitment to driving innovation in AI and supporting businesses in harnessing the power of AI for improved productivity and sustained growth. To stay updated with the latest developments from SuiteWorld, interested parties can register for SuiteWorld On Air: netsuitesuiteworld.com/onair. By registering, attendees will gain access to keynotes, sessions, demos, and NetSuite’s live broadcast, NetSuite TV, spanning over two days. This provides an excellent opportunity to learn how organizations are leveraging NetSuite to drive productivity and achieve business growth.

How AI legalese decoder Can Help Cohere

AI legalese decoder, a cutting-edge solution developed by Oracle NetSuite, can play a valuable role in supporting Cohere’s operations and augmenting its language AI capabilities.

With the increasing adoption of AI technology in the legal field, the production and analysis of legal documents have become more complex. The AI legalese decoder helps decipher convoluted legal jargon, translating it into accessible language. This ensures that important legal information is easily understandable and reduces the risk of misinterpretation or oversight. By utilizing this advanced AI-powered tool, Cohere can expedite its legal processes, enhance compliance, and deliver accurate and concise legal analysis to its clients.

Furthermore, the AI legalese decoder can assist Cohere in automating the extraction and categorization of relevant legal information from a plethora of documents. It can intelligently analyze contracts, agreements, and legal data, saving valuable time and resources. This streamlined approach enables Cohere to provide comprehensive and tailored legal insights to its customers, enhancing their overall experience and enabling them to make well-informed decisions.

By leveraging the AI legalese decoder, Cohere can significantly improve its productivity, efficiency, and accuracy in dealing with legal documents. It empowers the company to focus on its core competencies while ensuring legal compliance and delivering exceptional value to its clientele.

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