Epicor Financials Suite is a proven, award winning, and versatile collection of highly adaptable, totally integrated accounting applications for the midmarket. Epicor’s success began with accounting applications and we take them very seriously. Epicor has always provided ahead-of-the game enterprise class ledgers and Epicor Financials Suite was the first accounting software product to receive the coveted Designed for Microsoft® BackOffice™ Logo. Readers of Windows and .NET Magazine voted Epicor “Best Financial Application,” showing that strong core accounting functionality is as important as ever. Now leveraging Microsoft's .NET Enterprise Servers, Epicor Financials Suites provide enhanced flexibility, low cost of ownership and rapid implementation, with the scalability to grow with our customers’ requirements.
Epicor Financials Suite was established to ensure a connected and seamless enterprise, with trusted financial information at the core. The majority of Epicor Financials customers maintain one or more seamless integrations to their line-of-business applications using our Import Manager tool. Import Manager ensures that data from external systems is uploaded and posted to the ledgers cleanly and error free.
General Ledger General Ledger is the core application in the Epicor Financials Suite. Highly flexible, it allows you to build the system to accommodate your specific business requirements. You’ll find extensive user-definable options and the ability to set-up unlimited numbers of companies, account codes, and up to 365 fiscal periods. Its user-friendly interface allows immediate access to your data, even allowing you to drill-down into sub-ledgers on line.
With the system's advanced architecture, month and year-ends become straightforward and trouble-free. You’ll easily change periods, post transactions against past or future periods, and get the information you need with custom reports on real-time basis. This application is also ideal for large, multinational organizations, making multi-currency and inter-company transactions processing almost effortless.
In addition, you will have the ability to not only customize the application interface and business logic with our Customization Workbench, but also integrate it with other applications. For example, Excel can be used to enter data and the data transferred to General Ledger at the click of a button.
What’s more Epicor Financials Suite General Ledger has been tuned for specific midmarket industry requirements. For example, through the provision of features such as standard average daily balances support and advanced allocation calculations and entries, Epicor customers can expect to close their books more quickly, efficiently and cost effectively.
Combine Epicor General Ledger with Epicor Business Intelligence Suite to gain timely insights into account metrics.
Accounts Payable Epicor Financials Suite Accounts Payable gives you the power to manage vendor relations, improve efficiency and reduce costs. Up-to-date vendor records including credit availability, preferred payment methods, multiple remit-to locations and contact information, are always available online along with key summary and activity data for analysis and reporting. Instantly drill down from vendor account totals to individual transaction line items. The information you need to manage your payables is always at your fingertips.
A wide range of payment options, including electronic funds transfer (EFT) lets you proactively manage your cash position. The Quick Check feature lets you instantly create a voucher and a check simultaneously for on-the-spot purchases. Accounts Payable lets you make adjustments easily, maintain tight controls and precise audit trails, and create approval processes as simple or complex as you require.
Combine Epicor Accounts Payable with Epicor Business Intelligence Suite to gain timely insights into vendor metrics. And, with Epicor Enterprise Information Portal you can provide your suppliers with secured access to key vendor data as needed.
Accounts Receivable Accounts Receivable offers unparalleled flexibility to manage your customers according to their individual preferences, maximize collection and increase customer satisfaction. All the information you need about a customer, from credit availability and aging limits to contact names and ship-to locations, is stored within the system. Online inquiry tools give you instant access to summary and activity information, and let you quickly drill down through multiple levels of detail.
Manage national accounts and large conglomerates as a whole, while keeping track of each individual store or subsidiary. Improve cash flow and minimize financial exposure through customizable monitoring options and account controls, automatically generated dunning letters, and more. Automate transaction entry, process cash receipts quickly, make adjustments easily, even to prior periods, and tailor customer pricing, terms, aging and billing to your business needs.
No matter how unique your requirements, Accounts Receivable has the features and flexibility to improve the processes that help you generate revenue.
Cash Management Managing cash is a crucial activity for any business, and Epicor Financials Suite Cash Management offers the advanced functionality that lets you monitor and forecast your cash position at any time and in multiple currencies. With immediate access to all your cash transactions, you can make proactive business decisions to manage your cash flow more effectively. Cash Management not only helps you forecast future cash flow and cash balances, but also lets you plan financing to minimize unnecessary cash on hand.
Integrating Cash Management with your bank’s electronic statements allows you to reconcile your bank accounts and financial accounts quickly and easily, even with miscellaneous cash transactions such as bank fees, interest charges, and loan payments. With Cash Management, you’ll discover less keying errors and more time to make decisions
Advanced Allocations Epicor Financials Suite Advanced Allocations is the perfect companion to the General Ledger. Advanced Allocations automates the entire process of journal allocations and accruals, eliminating redundant effort in spreadsheet and side systems, providing more powerful allocation possibilities, and providing meaningful information through trial allocations and accruals without committing to an accounting transaction.
Powerful basis formulas let you retrieve values from actual, budget or statistical balances for any accounts or periods, or even use ranges, wildcard masking, SQL queries and more to create and manage complex allocations easily. ODBC technology even lets you use non-accounting system data for your calculations. Full inter-company and multi-currency processing is supported, and the intuitive interface and user-defined processing parameters make this powerful allocations system easy to use.
Asset Management In today’s competitive environment, the last thing you want to worry about is managing your company’s fixed assets. You need a system that can handle the tax, financial and operational requirements for those assets, so you can focus on more important issues like running your business.
Easy import of assets from legacy or feeder systems
Automate complex depreciation calculations
Define any number of books for tax and financial reporting or “what-if” analysis
Perform mass maintenance on groups of assets
Add and drop books as needed
Access all asset information immediately
Replicate asset information for rapid data entry
Real-time user-definable interfaces to general ledger and accounts payable
Epicor’s Asset Management module offers the flexibility and control to accurately maintain your fixed assets and to automate time consuming tasks like complex depreciation calculations. You'll have the freedom to select the most appropriate depreciation strategy for your business to minimize taxes and adapt to changing business practices, accounting standards, and tax laws.
Contract Management Epicor Contract Management automates complex book-keeping and reporting tasks, streamlines billing, and increases contract rate of renewal within Epicor Enterprise.
Epicor Deferred Revenue Accounting, one of two modules within Epicor Contract Management, automates the handling of deferred revenue tracking and reporting required by certain companies, especially those that offer maintenance contracts and other services. Potentially beneficial to companies in a wide variety of industries, this application is a critical and compelling solution for computer software companies and service organizations.
With Deferred Revenue Accounting, you can automatically generate monthly accounting entries and post them directly to the General Ledger, with a complete audit trail of all transactions in compliance with revenue recognition accounting standards. Deferred Revenue Accounting also provides you with the reporting ability to view and reconcile the details of your beginning, current and remaining deferred revenue contract balances. You can also print a Deferred Revenue Forecasting Report that provides an analytical mechanism to forecast the deferred revenue stream for future periods.
Epicor Maintenance Renewal completes the contract management solution by complementing Deferred Revenue Accounting to provide a seamless end-to-end contract renewal and revenue recognition process, including pro form invoice processing. Maintenance Renewal pro forma invoices precede standard invoices in the billing cycle and can be edited and adjusted easily online to account for additional discounts, add-on products or services, or special handling needs.
Pro forma invoices can also be utilized to pre-bill contract customers, by automatically generating and sending pro forma invoices as deferred revenue contracts are expiring. This functionality along with comprehensive rate-of-renewal reporting allows you to proactively manage and maximize your renewal rate to help increase your contract revenue.
Human Resources/Payroll Manage Human Resources and Payroll Strategically and Cost Effectively
As part of Epicor’s strategy to provide midmarket companies with a single source solution for their enterprise software needs, Epicor delivers UltiPro Workforce Management by Ultimate Software with its Epicor Enterprise solutions.
UltiPro Workforce Management consists of the following components:
HRMS/Payroll
Web-Based Manager and Employee Self-Service
Business Intelligence
This solution offers greater total business value by allowing a company to streamline human resource and payroll processes, easily report on and analyze key business metrics, and provide Web-based self-service to empower everyone in its organization.
UltiPro Workforce Management improves efficiency by allowing the entire workforce to focus on key company objectives. The business intelligence tools enable strategic analysis of key business trends for better planning and informed decision-making.
