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.
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.
NetSuite Enterprise Performance Management Benefits
NetSuite Enterprise Performance Management Features
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.
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.
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.
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.
Provide context to the numbers by combining financial statements and data with textual narrative in a single report. Stakeholders across the report creation process have one place for easy collaboration to define, author, review, and publish management and regulatory reports.
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.
Challenges NetSuite Enterprise Performance Management Solves
Faster Time to Value
NetSuite has packaged the experience gained from tens of thousands of worldwide deployments over two decades into a set of leading practices. These practices pave a clear path to success and are proven to deliver rapid business value and get you live on NetSuite in a predictable timeframe. Intelligent, stepped implementations begin with sales and span the entire customer lifecycle, so there’s continuity from sales to services to support.
How Much Does NetSuite Enterprise Performance Management Cost?
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