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.
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Product Overview
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Key Strengths
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Key Features
Transform your general ledger, optimize AR, automate AP and streamline tax management. Get a complete view of cash flow and financial performance.
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Data Consolidation and Accuracy
Bring together financial and operational data from across the business and improve data accuracy and accessibility.
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Enhanced Decision Making
Use financial and operational data to connect budgeting, forecasting, and reporting processes and gain insights that drive informed, strategic decisions.
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Automate Financial Close
Simplify account reconciliation and financial close with automated processes, reducing errors and improving accuracy.
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Comprehensive Solution
Deliver efficiency, accuracy, collaboration, and strategic value to your organization by unifying financial management functions using a single solution.
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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.
