Financial Management Module
Consolidate all your financial data in one place with Epicor’s FP&A module, which automates financial processes, provides accurate and real-time data, as well as better collaboration across the organization.
Benefits of Epicor Financial Planning & Analysis
Data Visibility
Stakeholders are capable of making quick, high-level decisions thanks to full-coverage across the financial lifecycle, real-time and accurate data, and cutting-edge technology from Power BI that automates reporting and budgeting processes.
Reduced
Cycle Times
Machine Learning capabilities reduce buget cycle time by up to 50% for clearer and faster insights that cover the different aspects of financial management, from financial statements all the way to analyzing precise profit margins.
Increased Savings
With a complete overview of all financial data, users can pinpoint opportunities for savings and identify inefficient gaps that need improvement.
Improved Productivity
Updated financial planning and budgeting systems mean teams can spend more time on quality projects while outdated functionalities are automated for increased productivity where it matters the most.
Security and
Compliance
Epicor’s FP&A module is both AICPA SOC II and GDPR compliant, meaning organizations will have enforced security across the board, whether the user is cell-level or role-based level.
Predictive Analytics
Enhanced forecasting help predict the financial future of your business with data models that are based on historical data, market trends, and key performance indicators.
Epicor FP&A
Standardize Your Finances
Financial Management Core Solutions
For businesses looking to implement a standard and advanced tool, Epicor FP&A is a unified solution that regroups complex financial tasks to help maintain security, cost, and revenue growth.
Consolidated Reporting
A state-of-the-art multi-dimensional reporting tool, Epicor FP&A consolidates all reports and analytics into a single source of truth. Core data is consistently updated in real-time and can be narrowed down to specific dates, currencies, statements, and balances to ensure users across the organization can extract accurate information at moments notice.
Core Features Include:
- Personalized Templates
- Direct General Ledger Integration with Excel
- Dynamic Report Drill Functionalities
Budgeting and Planning
Streamline complex financial scenarios by leveraging machine learning technology that takes historical data and subsequently sets up performance models to provide insightful forecasts. No configuration required, Epicor’s financial management tool minimizes errors and establishes best practices for the financial department.
Core Features Include:
- Budgeting Workflows and Worksheets
- Real-Time Forecasts
- What If Analysis
Accessible Dashboard
Both Excel and Web interfaces are available for users, and can easily be interchanged, which means that a user can create a report on the Web and download it to Excel without losing the original format. User-friendly dashboards don’t require any coding for easy set-up and are role-based to highlight accurate data visualization for each department from finance to sales.
Core Features Include:
- No-Code Dashboard
- Role-Based Visualizations
- Excel and Web Interfaces
Aligned Metrics
Stay aligned with all departments across the organization with updated key performance indicators (KPI) that monitor financials, profit margins, cash flow, sales, expenses, and much more – all within one core location. Leverage foundational data capabilities to prepare executives for important decisions as well as mitigate unforeseen risks.
Core Features Include:
- Predictive Analysis on Core Financials
- Unlimited Test Scenarios
- Past, Present, and Future Planning Prospectives
Industry Solution Highlights
Manufacturing
Financial Planning & Analysis (FP&A) is crucial for the manufacturing industry as it pinpoints areas that can benefit from better resources to not only ensure proper cost-effective solutions but help cut waste.
- Data Collection
- Budgeting
- Real-Time Metrics
- Risk Mitigation
Distribution
Stay ahead of the competition with strategic decision-making and financial management tools that are designed specifically for the distribution industry. Streamline activities through automation to identify areas of improvement.
- Track Sales Data
- Monitor Inventory Levels
- Analyze Customer and Consumer Behaviour
- Forecast Future Sales and Revenue
Why Implement Epicor FP&A?
Epicor FP&A eliminates manual entry and the swivel-chair approach from siloed financial systems by incorporating powerful tools. Finance professionals will have faster processing time, improved results, and automated tasks to better serve the entire organization from A to Z.
- Financial Modeling
- Business Intelligence
- Enterprise Resource Planning (ERP) Integration
- Budgeting and Forecasting
- Data Visualization
- Collaboration and Communiation
Epicor FP&A FAQ
There is no standard fixed price, as is the case with most ERP solutions. The cost will vary considerably depending on your specific requirements, your company’s size, the total number of users and the level of customization required.
Businesses of any size and in a variety of industries use it, including manufacturing, distribution, retail, and services.
Epicor’s financial module integrates natively with all Epicor systems. It can also connect to existing business systems and be integrated with non-Epicor ERP platforms. Do not hesitate to discuss with our experts to find out if it can be integrated into your current enterprise resource planning software solution.
You can get financial management training from an Epicor partner like EC Solutions.