Advanced Predictions in NetSuite 2025.2 for EPM

Starting in NetSuite 2025.2, significant enhancements have been introduced to the Employee Management category, specifically under the features of Advanced Predictions for both Enterprise Performance Management (EPM) and NetSuite Planning and Budgeting. These improvements aim to elevate the accuracy of forecasting and streamline the budgeting process.

What's New in Advanced Predictions

The new Advanced Predictions feature allows users to leverage historical data and machine learning algorithms to generate forecasts that are not only insightful but also tailored to the specific needs of an organization. This update is pivotal for businesses seeking to stay ahead in planning and budgeting.

Key Components

• Configuring Advanced Predictions: Users can set up predictive models based on historical data, enabling them to forecast future trends and operational demands effectively.
• Using Advanced Predictions: This functionality applies the predictions generated to improve overall forecasting accuracy, helping finance teams make more informed decisions.

Configuration Steps

1. Navigate to the EPM Configuration settings.
2. Choose the Advanced Predictions option.
3. Input historical data sets relevant to your operations.
4. Select the model that best fits your organization's needs.
5. Save the configurations to initiate the forecasting process.

Practical Use Cases

• Sales Forecasting: Use predictive analytics to forecast sales trends based on customer buying patterns over time.
• Budget Variance Analysis: Anticipate budget variances by applying predictive outcomes against prior budget performances.
• Resource Allocation: Optimize resources by accurately predicting project staffing needs based on upcoming workloads.

Who This Affects

The roll-out of Advanced Predictions in NetSuite 2025.2 impacts:

• Administrators: Responsible for configuring predictive models and forecasting tools.
• Finance Teams: Utilize enhanced forecasting for budget planning and analysis.
• Project Managers: Benefit from insights into resource allocation and project timelines.

Key Takeaways

• Advanced Predictions feature introduces enhanced forecasting capabilities in NetSuite 2025.2.
• Users can configure predictive models to improve budgeting processes.
• Practical applications include sales forecasting and resource optimization.
• Relevant for administrators, finance professionals, and project managers.