Narrative Insights: AI-Generated Financial Insights in NetSuite

TL;DR:

Narrative Insights, featured in the Intelligent Close Manager, uses generative AI to provide succinct summaries of financial trends and key insights across A/R, A/P, and overall performance. This feature enhances data comprehension and decision-making without extensive report reviews.

How Does Narrative Insights Work?

The Narrative Insights feature leverages generative artificial intelligence to generate concise summaries from supported reports and records in NetSuite. This functionality allows users to swiftly understand essential data points, spotting trends, anomalies, and potential risks or opportunities without diving deep into raw data.

How to Enable Narrative Insights

To utilize Narrative Insights, you must enable the Enable Narrative Insights preference, which is found on the AI Preferences page. By default, this option is enabled, though administrators can disable it if necessary.

1. Navigate to Setup > Company > AI > AI Preferences.
2. Click on the Narrative Insights subtab.
3. Check or uncheck the Enable Narrative Insights box according to your needs.
4. Click Save.

Note: If you do not have enough data to generate an insight, you may see an error message indicating insufficient information.

Generating Insights on a Report or Record

To generate insights:

1. Open a supported report or record.
2. Click the Generate Insight button. The Narrative Insights dialog will appear, displaying the summary.
3. You can regenerate the insight at any moment by clicking the Generate Insight button again.

Important Considerations

The insight generated may vary each time it's requested, even for the same data. The Narrative Insights dialog includes a disclaimer emphasizing that AI-generated content may contain inaccuracies. It’s important to verify the information before relying on it for significant decisions.

Who This Affects

This feature primarily impacts the following roles:

• Administrators: Manage Narrative Insights preferences.
• Financial Analysts: Utilize insights for quick data analysis and reporting.
• Executives: Gain high-level financial oversight without extensive report checks.

Key Takeaways

• Narrative Insights provides AI-generated summaries of financial data, enhancing quick decision-making.
• Administrators can enable or disable this feature through AI Preferences.
• Users must be aware of potential inaccuracies in AI-generated content and verify critical data independently.