NetSuite Enterprise Performance Management (EPM)

Q: What is NetSuite Enterprise Performance Management?

NetSuite Enterprise Performance Management brings together planning, budgeting, forecasting, account reconciliation, financial close, and reporting processes from across the entire organization to help businesses improve the speed and accuracy of financial processes and gain the insights they need to enhance decision-making. Built from the Oracle Fusion Cloud Enterprise Performance Management (EPM) solution, NetSuite EPM seamlessly integrates into NetSuite so you’re always using the most up-to-date information.

What is NetSuite Enterprise Performance Management?

NetSuite Enterprise Performance Management (EPM) brings together planning, budgeting, forecasting, account reconciliation, financial close, and reporting processes from across the entire organization to help businesses improve the speed and accuracy of financial processes and gain the insights they need to enhance decision-making. Built from the Oracle Fusion Cloud Enterprise Performance Management (EPM) solution, NetSuite EPM seamlessly integrates into NetSuite so you’re always using the most up-to-date information.

What is NetSuite Enterprise Performance Management? (Video)

Make better-informed financial decisions with a complete business performance management solution

From Financial Planning to Closing the Books

An end-to-end solution that eliminates time spent manually gathering, reconciling, verifying, and analyzing the company’s finances through spreadsheets and narrowly focused niche solutions.

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NetSuite Enterprise Performance Management Benefits

Data Consolidation and Accuracy. Bring together financial and operational data from across the business and improve data accuracy and accessibility.
Enhanced Decision Making. Use financial and operational data to connect budgeting, forecasting, and reporting processes and gain insights that drive informed, strategic decisions.
Automate Financial Close. Simplify account reconciliation and financial close with automated processes, reducing errors and improving accuracy.
Comprehensive Solution. Deliver efficiency, accuracy, collaboration, and strategic value to your organization by unifying financial management functions using a single solution.

NetSuite Enterprise Performance Management Features

These features help you integrate financial and operational planning, automate account reconciliation, streamline financial close, and enhance reporting within a unified and connected solution.

Planning and Budgeting

Automate labor-intensive planning and budgeting processes so finance teams can quickly and easily produce budgets and forecasts, model what-if scenarios, and generate reports—all within one collaborative, scalable solution. Take advantage of embedded AI and machine learning to automate data analysis to improve and accelerate planning and forecasting.

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Account Reconciliation

Streamline the reconciliation process for all general ledger and balance sheet accounts. Your team can increase the accuracy and speed of the close process by automating the complex tasks involved in aggregating and matching financial data from various sources. They can standardize, accelerate, and centrally manage the entire financial close process.

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Close Management and Consolidation

Manage the end-to-end consolidation and close process from a single solution. Easily assign close tasks and ensure they are executed in the proper sequence. Pre-built consolidation support increases the accuracy and speed of the close process by reclassifying, adjusting, and eliminating data for any hierarchy. Accounting teams can centrally manage and post journals directly to the NetSuite general ledger.

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Corporate Tax Reporting

Simplify tax reporting processes, aligning tax with corporate financial reporting for better visibility and compliance. Use financial data from the NetSuite general ledger to help ensure your tax calculations are based on the most up-to-date information, resulting in improved accuracy and speed.

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Narrative Reporting

Provide context to the numbers by combining financial statements and data with textual narrative in a single report. Add AI-powered narratives, explanations, and visuals from financial and transactional data to your reports. Stakeholders across the report creation process have one place for easy collaboration to define, author, review, and publish management and regulatory reports.

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Profitability and Cost Management Reporting

Get a deeper understanding of profitability and costs by customer, product, and other business segments to help make better informed decisions about where to take the business and where to invest.

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Profitability and Cost Management Reporting dashboard

Challenges NetSuite Enterprise Performance Management Solves

Inefficient Budgeting and Forecasting. Create and manage budgets and forecasts in a centralized solution so users can collaborate in real-time, improving data accuracy and the overall planning process.
Manual Account Reconciliation. Automate and standardize your account reconciliation process for a faster, more efficient, and more accurate period end reconciliation.
Complex Financial Close. Standardize, accelerate, and centrally manage the entire close process, using month-end close tasks, checklists aided by hierarchical task lists, and role-based workflows.
Limited Reporting. Provide organizations with real-time dashboards, ad-hoc reporting, and data visualization functionalities to analyze their financial and operational data and make data-driven decisions.

SuiteSuccess – Your proven path to success

Leveraging more than 25 years of experience working with tens of thousands of organizations, across all industries and business sizes, our SuiteSuccess customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimize NetSuite to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.

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How Much Does NetSuite Enterprise Performance Management Cost?

Companies of every size, from pre-revenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?

Users subscribe to NetSuite for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users – that’s the beauty of cloud software.

NetSuite Enterprise Performance Management is available as an add-on module.

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