At the heart of Epicor Financials is the Financials Core package, the cornerstone of a reliable, fast, flexible, and modern financial accounting and reporting system.
The Financials Core package includes the necessary tools to automate and integrate your company's daily financial operations, allowing you to grow as your business demands.
From managing invoices and payments to automating processes, Financials Core gives you full control and visibility of financial transactions and processes—regardless of your company's size.
The Financials Core package comes with the following built-in capabilities without any additional fee:
The following are optional add-on modules, completing your Epicor Financials suite as your company grows:
For organizations with more than one location, records of the transactions that occur across the business often get scattered and disorganized. This makes it uniquely challenging to gain the insight you need to address resource requirements, meet customer expectations, and improve profitability. An additional complexity is introduced when your sites act as different legal entities or companies.
With the Multi-Site Management module in Epicor Financials, you can easily set up different companies, manage intercompany activity, and get financial control on all sites in one system. Each company may run Epicor Financials in the cloud or on-premises, whichever is preferred, for ultimate business flexibility and regional fit. Easily include any number of servers, databases, cloud data centers, companies, countries, and continents across your sites to achieve a unified, borderless, global business.
With this optional module, you can securely separate all transactions within a company for each site and allow the site users to access only the transactions relevant to their own location. Only authorized corporate users can access and work with the full range of GL accounts in the company. This separation works across a series of activities in Epicor Financials, such as invoices, payments, AP, GL transaction entries, allocations, period closing, trackers, dashboards, reports, and more. The beauty of this solution is that you can run multiple sites independently of each other while still using the same book, Chart of Accounts, in the same company or legal entity.
Running a business in an international setting requires your company to manage commercial transactions in multiple currencies. With Epicor Financials, you can manage daily currency exchange rates, purchases, and sales transactions in different currencies, run a periodic currency revaluation, or have a booking currency and reporting currencies in different books in different companies. This is often used with the Multi-Company Management module.
Epicor FP&A is a highly recommended solution for creating financial statements, budget planning, forecasting, and consolidated reporting. It has a web-based interface and an Excel add-in. Sold only as a SaaS solution, it connects to cloud and on-premises deployed ERP systems.
Epicor FP&A packages are offered to fit the size of your business, from small to large, from one company to multiple companies. The entry-level package called Financial Statements & reports delivers financial statement generation, while all the other packages provide Machine Learning driven budget planning with increasing legal entities.
Epicor ECM is a fully digitized repository with business automation that eliminates the waste and double handling associated with paper, poorly maintained online folders, and never-ending email threads. Epicor ECM empowers your team to capture, store, and manage any document or file from any location on any device. The AP Automation feature in ECM allows companies to process, recognize, and book incoming invoices automatically.
With the Epicor ADP Payroll Integration, you have the ability to set up employee pay groups, calculate and edit payable hours, and produce a file pre-formatted and ready for submission to ADP. Then, you can book the GL journal transactions accordingly.
Thanks to the architectural richness of the Epicor Financials suite, the following capabilities are included in the Financials Core package without any additional licenses or costs:
The next capabilities do not need any extra investments from our customers either. These are all included in the Financials Core license, making Epicor Financials a robust, reliable financial management solution to customers in the Building Supply industry with a very low Total Cost of Ownership (TCO):
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