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

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 organisation 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)

EPM Dashboard

From Financial Planning to Closing the Books

An end-to-end solution that eliminates time spent manually gathering, reconciling, verifying, and analysing 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 organisation 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 labour-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.

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Planning and Budgeting dashboard

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 standardise, accelerate, and centrally manage the entire financial close process.

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Account Reconciliation dashboard

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.

Account Reconciliation dashboard

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.

Corporate Tax Reporting dashboard

Narrative Reporting

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.

Narrative Reporting dashboard

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.

Profitability and Cost Management Reporting dashboard

Challenges NetSuite Enterprise Performance Management Solves

  • Inefficient Budgeting and Forecasting. Create and manage budgets and forecasts in a centralised solution so users can collaborate in real-time, improving data accuracy and the overall planning process.
  • Manual Account Reconciliation. Automate and standardise your account reconciliation process for a faster, more efficient, and more accurate period end reconciliation.
  • Complex Financial Close. Standardise, 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 organisations with real-time dashboards, ad-hoc reporting, and data visualisation functionalities to analyse their financial and operational data and make data-driven decisions.
faster time value

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?

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 licence fee. Your licence is made up of three main components: core platform, optional modules, and 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 Account Enterprise Performance Management is available as an add-on module to NetSuite.

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Resources

Data Sheets

Access specifications, features, and benefits of NetSuite Enterprise Performance Management.