I have NetSuite: What does EPM mean for me?

What gets measured gets managed goes the adage by modern management master Peter Drucker.

“Only” is a steep and deep imposition. NetSuite users old and new are frequently introduced to a variety of tools and platforms designed to optimize workflows. And in the age of analytics, expectations are sharp for just how deep a stab in the dark should go.

It’s hard to cut through the noise and know what planning and investing tools are worth investing your time and attention. Gone are the days of the black box – even with a colossus like enterprise performance management. Leaders expect knowledge workers to squeeze data for all it’s worth. And until now, for NetSuite users, the most effective tools were only available through third-parties: perhaps a tick too far off the radar or too complex to be worth the skill-up and investment of attention.

As a result, most people still find themselves mired in the land of spreadsheets: dumping data, playing with planning tools, creating budgets from data grabs that are loaded separately before being compared to budgets. There are just too many ins and outs to master to achieve full visibility.

And at the end of the day, it’s still hard to make smart decisions fast. Who doesn’t prefer to move fast without breaking things?

What does NetSuite EPM mean for you?

Whether you’re new to NetSuite and looking to trade out legacy systems for the super suite or you’re an existing NetSuite user designing the perfect bento box of integrations to take your organization to scale – now there’s an opportunity for NetSuite users to put everything under one roof.

That’s why NetSuite now offers NetSuite Enterprise Performance Management (EPM).

NetSuite EPM

EPM brings together planning, budgeting, forecasting, account reconciliation, financial close, tax reporting, narrative reporting, and profitability reporting 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.

With EPM, NetSuite understands data natively so you can:

  • Connect to other data sources
  • Function all from under one source across a single dashboard
  • Consolidate financial and operational data for accuracy and accessibility
  • Connect budgeting, forecasting, and reporting for better decisions
  • Automate account reconciliation and financial close
  • Unify financial management functions into a single solution
NetSuite EPM

What do I do next?

Maybe you’re new to NetSuite. Get in touch or book a meeting directly with the chatbot below.

Already a NetSuite pro? Start leveraging your EPM today. Reach out to one of our experts at hello@plative.com and see where the best starting point might be for your stack.

Written by

Rob MacEwen

Senior Director - NetSuite Practice

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