Oracle Corp's NetSuite on Tuesday said it will put automated banking features into its accounting software for businesses, with HSBC Holdings Plc as its first partner to automatically send and receive money and reconcile accounts.
Oracle NetSuite on Tuesday said it has used artificial intelligence and partnerships with banks to automate those processes. When a bill or an employee expense report comes in, the software can read it, file it appropriately and have money wired. "Labor is at a premium," Goldberg told Reuters in an interview."You want your people not working on manual data entry, but working on stuff that's actually going to add strategic value to the business."
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