Enterprise Performance Management
Oracle NetSuite Enterprise Performance Management (EPM) consolidates critical financial operations – including planning, budgeting, forecasting, account reconciliation, financial close, and reporting – into a unified platform. This comprehensive solution enables organizations to accelerate financial workflows while improving accuracy, delivering the actionable insights needed to drive better business decisions.
It leverages Oracle Fusion Cloud EPM technology to create seamless integration with NetSuite ERP. This powerful combination provides organizations with real-time financial visibility and replaces inefficient spreadsheet-based processes with automated, collaborative tools designed for modern finance teams.
Benefits
Data Centralization
Intelligence Decision Making
Automate Financial Close
Comprehensive Solution
Key Features
- Planning and Budgeting
- Account Reconciliation
- Close Management and Consolidation
- Corporate Tax Reporting
- Narrative Reporting
- Profitability and Cost Management Reporting
Planning and Budgeting
Streamline planning and budgeting with automation, enabling finance teams to rapidly create budgets, forecasts, and reports—all in one unified platform. Leverage built-in AI and machine learning to enhance data analysis, accelerating planning cycles while improving accuracy
Account Reconciliation
Automate and simplify general ledger reconciliation to accelerate financial closing. By standardizing data matching across multiple sources, your team can complete closings faster with greater accuracy—all managed through a centralized platform.
Close Management and Consolidation
Streamline the entire financial close with a unified platform that automates task sequencing, provides pre-built consolidation tools for accurate data adjustments, and enables direct GL posting—ensuring faster, error-free reporting for all organizational hierarchies.
Corporate Tax Reporting
Integrate tax reporting with financial data for seamless compliance. By connecting directly to NetSuite’s general ledger, tax calculations automatically reflect real-time financial information – delivering greater accuracy, speed, and audit-ready transparency.
Narrative Reporting
Transform financial reporting by combining statements with AI-powered narratives and visuals in one collaborative platform. Automate insights generation while enabling seamless stakeholder collaboration across the entire report lifecycle—from drafting to regulatory publishing.
Profitability and Cost Management Reporting
Gain actionable insights into profitability and costs across customers, products, and business segments to drive smarter investment and strategic decisions.
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FAQs
- What is NetSuite Enterprise Performance Management (EPM)?
NetSuite EPM is a unified cloud platform that consolidates and automates critical financial processes—including planning, budgeting, forecasting, financial close, account reconciliation, and reporting. It integrates seamlessly with NetSuite ERP to provide real-time visibility, replace inefficient spreadsheets, and deliver actionable insights for better decision-making.
- How does NetSuite EPM improve the budgeting and forecasting process?
Our platform automates and streamlines budgeting and forecasting, enabling finance teams to create accurate plans and reports rapidly. Built-in AI and machine learning enhance data analysis, significantly accelerating planning cycles and improving forecast accuracy by identifying trends and anomalies.
- Is NetSuite EPM seamlessly integrated with Microsoft Excel?
Yes. NetSuite EPM offers seamless integration with Excel, allowing you to import and export data easily. This enables your team to work with familiar tools while leveraging the power and security of a centralized, automated platform.
- How does NetSuite EPM help with the financial close process?
It automates and manages the entire financial close, from task sequencing and account reconciliation to consolidation and reporting. This reduces manual effort, minimizes errors, accelerates closing timelines, and ensures compliance through a standardized, auditable process.
- What role does AI play in NetSuite EPM?
AI is built into the core of the platform. It powers intelligent data matching for reconciliations, generates insights for narrative reporting, enhances forecasting accuracy, and automates repetitive tasks, allowing your finance team to focus on strategic analysis.
- How does NetSuite EPM ensure data accuracy and integrity?
By centralizing all financial data into a single source of truth and automating data collection and consolidation, NetSuite EPM eliminates the errors and version-control issues common with spreadsheet-based processes. Automated reconciliation and validation rules further ensure data integrity.
- Is NetSuite EPM suitable for global organizations with complex consolidation needs?
Absolutely. The platform provides powerful, pre-built tools for managing global consolidations, including handling multiple currencies, eliminating intercompany transactions, and complying with various international accounting standards, all within a unified system.
- What kind of reporting capabilities does it offer?
Beyond standard financial reports, NetSuite EPM offers advanced capabilities like narrative reporting (combining statements with AI-powered insights), profitability and cost management reporting, and compliance reporting—all within a collaborative, automated environment.
- Who typically uses NetSuite EPM within an organization?
The platform is designed for modern finance teams. Key users include CFOs, financial planners and analysts (FP&A), accountants responsible for the close and reconciliations, tax professionals, and department managers involved in the budgeting process.