Epicor

Vietnam promotes the export of processed agro-forestry-fisheries products-DataVTech

Vietnam promotes export of processed agro-forestry-fisheries products

The project aims at improving the quality and value of agro-exports to meet the regulations of importers.

Around 60% of Vietnam’s agro-forestry-fisheries exports are expected to be processed, significantly contributing to its total growth of 6%-8% annually by 2030, according to the latest plan approved by the Prime Minister.

The project, aiming to promote the export of agricultural, forestry, and fishery products by 2030, sets an export value of around US$60-62 billion, including US$25 billion from major farm produce, US$17 billion from forestry products, and US$15 billion from seafood.

Vietnam's agro-exports strive to earn around US$60-62 billion by 2030. Photo - VGP

Vietnam’s agro-exports strive to earn around US$60-62 billion by 2030. Photo – VGP

Among agricultural exports, about 40% of the products will be national brands and 70% will have traceable origins.

The plan will also improve the quality and value of agricultural exports to meet the regulations of importers, as well as assisting Vietnamese exporters in protecting intellectual property rights,  safeguarding their positions, and brands in the international market.

Positive signs 

In January, export growth increased by 27.1% compared to the same period of last year, according to the Ministry of Agriculture and Rural Development (MARD).

Wood and wooden products achieved good results in terms of value last month despite Covid-19. Photo - Nguyen Thuy

Wood and wooden products achieved good results in terms of value last month despite Covid-19. Photo – Nguyen Thuy

Despite many difficulties caused by Covid-19, most of the main commodity groups such as seafood, wood, and wooden products achieved good results in terms of value last month.

Regarding seafood, the global demand for shrimp is likely to rise, especially in the context of complicated developments relating to the pandemic. Shrimp exports are expected to gain robust growth and reach more than US$4 billion in revenue in 2021 providing that Vietnamese enterprises take full advantage of free trade agreements, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

To promote the export of agricultural products, the MARD in coordination with localities has promoted the issuance of codes for farming areas, associated with geographical indications, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said. The ministry also has planned to change the way of doing business, consumption, and export of key products.

The ministry will coordinate with the Ministry of Industry and Trade, relevant agencies, and enterprises to improve market forecasts and promptly inform localities and enterprises so that they could adopt appropriate production and business plans.

Source: Phi Nhat

promising-figures-offering-confidence-for-pharma-future-in-Vietnam-DataVTech-banner

Promising figures offering confidence for pharma future

Vietnamese pharmaceutical giants rushed to new business lines in 2020 to create new motivation for growth amid the ongoing pandemic complications, with some changes bringing about better results.

Clearly, in a happy mood, Vu Thi Thuan, chairwoman of the country’s second-largest publicly-traded drugmaker Traphaco JSC, is looking towards a bright future in 2021 on the back of good performance last year.

Traphaco, which boasts three big shareholders in State Capital Investment Corporation (35.67 percent), Magbi Fund Ltd. (24.99 percent), and Super Delta Pte., Ltd. (15.12 percent), will organize a conference in the next few days to review 2020 operations and discuss the targets for this year.

“The pharmaceutical market has been affected by COVID-19. However, we made encouraging results thanks to having the right strategy,” Thuan told VIR.

promising-figures-offering-confidence-for-pharma-future-in-Vietnam

New tactics

Last year marked a hard 12 months for businesses, and Vietnamese-run pharma firms were not an exception, although the impacts on them have turned out to be less serious than in other sectors.

Faults in the global ingredient supply chain and lower purchasing power have prompted Vietnamese drugmakers to make changes to business plans to shelter from the storm and maintain growth.

Nguyen Vu Cuong, an analyst at brokerage and investment advisory firm FPT Securities, told VIR, “Some players in the pharma industry obtained improvements in operations in the last months of last year, while some others saw no growth, but no falls either. Improvements are mainly attributed to effective cuts in intermediary costs and the launch of new products and strategies.”

For instance, while focusing on the over-the-counter (OTC) market Traphaco also started to venture into the $3-billion beverage market last summer with a new product – herbal tea Traphaco Boganic, which was included in its revenue structure in the third quarter.

Le Trung Thanh, former general director of Pepsi Vietnam, said that in the local lucrative beverage market, players tend to create specific and unique products to gain an advantage. The market has many kinds of drinks, but not so many healthy ones.

“Healthy products are very popular in the US, the EU, Japan, and South Korea,” Thanh noted. “This is a courageous move from Traphaco because obviously drugs and beverages are not the same things.”

A new bold step into the beverage market illustrates the challenge Traphaco has to attain new successes amid growing competition. Despite being a leading brand in the local pharma industry, making up nearly 50 percent of the market share of liver-tonic products, for example, the group has not achieved better growth as it did in the past, despite having taken a number of major decisions.

Encouraging results came when Traphaco reported total revenues of over VND1.3 trillion ($56.52 million) and after-tax profit of VND141 billion ($6.13 million) in the first nine months of 2020, up 12 and 31 percent on the year, respectively – a strong performance in comparison with a fall of about 10 percent among other listed drugmakers.

Elsewhere, Hau Giang Pharmaceutical JSC (DHG), the biggest domestic publicly-traded drugmaker, has trended towards the ethical drugs channel (ETC), or the hospital channel, and increased capacity for exports. The company has restructured its product portfolio towards focusing on investment in high-quality drugs meeting JAPAN-GMP and PICS-GMP standards.

DHG decided to pour $40 million in a GMP factory in the Mekong Delta province of An Giang, with the target to put it into operation in 2023. Also last year, DHG got the JAPAN-GMP certificate for its two assemblies. Drugs meeting JAPAN-GMP, PIC/S-GMP, EU-GMP, CGMP-USA certificates are among the prioritized drug tenders for the hospital channel.

With the move, DHG showed off its ambition to conquer the strict Japanese market and some ASEAN member countries where subsidiaries of Taisho Pharmaceutical Holdings have a presence. Taisho, one of the five biggest pharmaceuticals in Japan, is a major foreign shareholder of DHG, with a take of 50.78 percent.

Imexpharm Pharmaceutical JSC, Vietnam’s fourth-biggest pharma firm, has a similar focus on the ETC segment. The drugmaker has made investments to gain an EU-GMP certificate for its factories to gain advantages in drug tenders. During the past year, it also restructured its product portfolio, concentrating on EU-GMP drugs.

Notably, Imexpharm gained market authorization from Spain for its Cephalexin 500mg capsules produced at its EU-GMP factory located in the southern province of Binh Duong.

To serve the future strategy, a resolution from Imexpharm’s board of directors was issued on January 5 approving a loan of $8 million from the Asian Development Bank. At present, Imexpharm’s foreign ownership limit currently remains set at 49 percent, with Balestrand Ltd. (5.92 percent), and KWE Beteiligungen AG (14.26 percent) as foreign shareholders.

Like Traphaco, Imexpharm, and DHG, OPC Pharmaceutical JSC – one of the biggest domestic pharma firms – and others had to make adjustments in their business strategy during the last year. OPC also suffered from interruptions in the global ingredient supply chain, although it has growing areas to supply for itself.

At present, Vietnam’s pharmaceutical production relies much on imported ingredients which make up 80-90 percent of local demands, with which China and India account for over 80 percent.

OPC focuses on expanding functional food by investing in product assembly while increasing the production of alcohol-related products and others to satisfy growing demands due to the pandemic. Moreover, the company continued to strengthen the ETC channel as well as develop in the OTC market.

As noted in documents from OPC’s annual general shareholder meeting last June, some new businesses were added, including functional food, cosmetics, import and export of pharmaceuticals and ingredients, and automobile cargo transportation business.

Good performance

With year-end reviews and financial statements imminent, results for these pharma firms are just around the corner. According to a source from TRA, the group is estimated to see an on-year increase of 11 percent in revenues by the end-2020. Its profit is also estimated to rise at the same rate, reaching VND200 billion ($8.7 million).

While reporting a fall in the ETC market, Traphaco gained a 17 percent on-year improvement in OTC.

“We aim to have consolidated revenue ascended by 9 percent in 2021, with the OTC to be the key channel, and ETC to rise 10 percent,” Thuan told VIR.

With the change in business strategy, DHG’s net revenues just slightly fell by 2.8 percent on-year in the first three quarters of 2020, while after-tax profit rose 24 percent, fulfilling the annual targets. It is said to meet the 2020 targets.

Having been reporting better performance after the mid-year peak of COVID-19 in Vietnam, Imexpharm saw net revenues and profit rise 0.8 and 17.8 percent in the first 11 months, respectively. Its ETC revenues jumped 40 percent on-year, while OTC is on the road to recovery despite negative growth of 10 percent.

Market watchers attributed Imexpharm’s higher profit growth to better performance of cost-saving, with selling and management expenses cutting by 8.6 and 5.4 percent, respectively. With this momentum, Imexpharm is one of the giant’s forecasts to report growth in its results.

According to Fitch Solutions, revenues of Vietnam’s pharma industry were estimated at $6.5 billion in 2019. The Drug Administration of Vietnam forecast promising double-digit growth for the industry over the next five years, with the total value to reach $7.7 billion in 2021 and a likely rise to $16.1 billion in 2026.

In the wake of growth potential, multinational corporations are expanding towards and within the local market – a trend that should be further intensified on the back of the EU-Vietnam Free Trade Agreement. This will create more pressure on the domestic players, urging them to make new changes to stand firm and spur growth.

Source: Bich Thuy


Find business solutions for your industries:

Set up a manufacturing company in Vietnam

How to open a manufacturing company in Vietnam

During Covid-19, Vietnam has become a favorable destination for foreign investment, especially to set up a manufacturing company. From our own experience, we would like to share with you some basic steps you need to consider when making this decision.

Minimum financial requirements

The government does not stipulate the limit of capital requirement for setting up a company in Vietnam. However, they do concern if your capital amount is realistic to cover all the cost estimates.

Popular types of legal entities available for foreigners in Vietnam

The most popular legal entities for foreigners in Vietnam are limited liability and joint-stock companies. While the former is usually recommended for small and medium-sized enterprises, the latter is more suitable for medium-sized and large companies. Furthermore, the first has members, while the second has shareholders. In both cases, foreigners are allowed to own the company 100%.

Required licenses

You have to register your investment and your business at the Department of Planning and Investment. Apart from these two certificates, you might need to apply for some other licenses or submit some reports related to your product lines or anticipated environmental impacts, namely:

Land use certificate

  • Construction permit (if your plan involves the construction of new factories or buildings.)
  • Fire protection and fire safety license
  • Certificate of food safety
  • Certificate of food safety knowledge
  • Announcement of conformity of technical regulations

This whole administrative process takes at least 4 months, particularly:

How to open a manufacturing company in Vietnam

Location

Ideally, you might want to set up your manufacturing business in the industrial zones, which are available both in the North and the South of Vietnam. The main reason is that these areas are well-equipped for manufacturing purposes, particularly in terms of water and waste management systems. It is also recommendable to check where other companies in your supply chain are located before you make decisions.

Other concerns

Vietnam is the hub of both low labor costs and high-quality IT human resources. In particular, you can hire a professional headhunting company to help you recruit your staff. In terms of IT human resources, you can also outsource a consulting company. Almost all manufacturing solutions are available in Vietnam now, including the leading SAP and Epicor. While the former solution came to the country earlier, the latter has conspicuous cost advantages.

To sum up, there is no one size fits all, but these are some unavoidable steps, which you can carry out flexibly according to your own business plan in manufacturing. For further information, please feel free to contact us. We will respond to you within 24 hours.


Data V Tech

Reboot Your Business

Ready for Growth

Phần mềm Epicor Advanced MES (Mattec) 8.3

Epicor Advanced MES (Mattec) 8.3 Release [Summary]

We are pleased to announce that Epicor® Advanced MES (Mattec) is now even more powerful and easier to use than ever before. In this release summary, you will get a high-level overview of the new features available within Epicor Advanced MES (Mattec) version 8.3.

Advanced MES (Mattec) Enhancements

There are many new product capabilities and enhancements in the 8.3 release of Epicor Advanced MES (Mattec). These include:

  • New Epicor ERP 10/Advanced MES Production Data Integration with Epicor ERP 10.2.500
  • Enhancements
    • Real-Time Scheduling
    • Human Machine Interface (HMI)
    • Real-Time Display (RTD) enhancements
    • Plant Floor Display
    • System Configuration
  • New data storage methods for production machines and equipment
  • Machine integration for the Next Generation Machine Interface Units (MIU) for non-touchscreen and the new touch screen MIU
  • New Language Translations and Updates

Advanced MES (Mattec) 8.3 Customer Release Summary

New ERP10/Advanced MES (Mattec) Production Data Integration in 10.2.500

There was a production data integration already introduced in ERP10 that leveraged existing integration frameworks in ERP10 and Epicor Advanced MES (Mattec). ERP is the system of record for most data in that integration. Data was being exchanged via .csv files.

Production Jobs and data relevant to what is to be produced is transferred to Advanced  MES from ERP and data about what was produced is transferred back to ERP from  Advanced MES.

A new integration has been developed that provides a more modern and flexible integration that can be made to adapt to customers’ specific manufacturing operations. The integration uses open data protocols and RESTful APIs. ERP remains the system of record for most data. This integration is a modern foundation on which the integration can continue to grow and add value through a seamless operation between ERP and Advanced MES.

Real-Time Scheduling Improvements

  • Display the assigned shifts for each machine
  • Remove running jobs from scheduled and unscheduled jobs lists
  • Perform a job change on calendar machines automatically
  • Present PM job duration in job schedule
  • New dialog to show assigned shift for machines

HMI Improvements

  • HMI cell list enhancement – Numerical sort order
  • Slovak language translation
  • French translation update HMI and core product

Real-Time Display (RTD) Improvements

  • Down Time Code is now available in addition to Down Time Description
  • Additional Filter on RTD and Web RTD for SQC Samples

Plant Floor Display (PFD) Improvements

  • Configuration of decimal places for data display in the PFD Writer

CF-MIU Improvements

  • CC100 Plc Addition to supported PLCs
  • Digital Input card installation improvements

Data Storage Improvements

  • Material Consumption data being captured by Maguire blenders
  • Storage of Hourly Production Data in addition to by Job and Shift

System Configuration Improvements

  • Enhanced system configuration for CFMIU MIU configuration to show assigned machines
  • Add Plant/Company editor to SystemConfiguration in support of ERP/Mattec MES data integration
  • Add NG Long Cycle machine local aux inputs to MIU cross-reference list

Platform Support Changes

  • Dropping support of SQL Server versions before SQL Server 2012
  • Drops support of Windows Server OS 2008 and 2008 R2

Both are reaching or have reached the end of support from Microsoft.

 

Source: Epicor Software Inc.

 

For further information about Epicor Advanced MES 8.3, Epicor ERP, and the integration between the two system, please contact us here.

 

 

 

Compare ERP system and accounting software | ERP vs. accounting software

ERP software vs. Accounting software

Introduction

If you want to automate your business operations but still can’t make decisions between Enterprise Resource Planning (ERP) and accounting software, here is a comparison that might help you.

What is Accounting Software?

Accounting software functions as a solution for the finance and accounting department. Thus, it deals with almost all financial and accounting issues of a company, for example:

  • Accounts payable
  • Accounts receivable
  • Cash flows
  • Ledger and balance sheets

Furthermore, after data collection, accounting software can process important financial data to produce financial reports, such as balance sheets, income statements, profit and loss statements, and statements of cash flow. As a result, you can check the company’s financial health easily, which helps speed up the decision-making process while reducing the administrative labor cost.

The market leaders of accounting software around the world are Quickbooks and Xero. However, in Vietnam is MISA the most popular.

What is ERP?

ERP software is usually a comprehensive solution for multiple departments of an enterprise. For example, Epicor ERP comprises a number of modules, namely, financial management, supply chain management, customer relationship management, project management,  production management, product data management, human resource management, sales management, service management, and planning and scheduling. All of these modules share a single integrated database and are customizable with regard to the need, size, and industry of the enterprise. Therefore, an ERP system can help increase productivity thanks to the automated cross-department data transmission and facilitate the business scale-up.

Epicor ERP 10

 

Comparison between ERP and accounting software

  1. Software scope – It is clear from the examples aforementioned that an ERP system includes accounting software.
  2. Benefit scope – Accounting software produces financial reports which give managers an insight into the enterprise’s financial health. On the other hand, an ERP system collects data from all departments and then generates reports on all operations of an organization. Thus, managers with the assistance of ERP have a more thorough overview of the company’s status. At the same time, they can make more accurate and effective decisions.
  3. Industry-specific design – As mentioned in the example of Epicor above, ERP is customizable to meet the needs of each industrial market and each user. However, accounting software rarely allows you to personalize its functions that way.
  4. Price – For those differences, it is understandable that ERP is more expensive than accounting software.

 

Conclusion

To sum up, you should consider implementing accounting software if your business is small, and your budget is tight. However, if you plan to scale up your business in the long run, it is worth investing in an ERP system. And if you still can’t make decisions which one you should have, contact us! You are more than welcome at Data V Tech!

 

Content writer: Ngoc Trang Vu

 

(more…)

Pharma Pharmaceuticals deploys Epicor ERP

Pharma Pharmaceuticals deploys Epicor ERP

Epicor Software Corporation, a global provider of industry-specific enterprise software, has announced that Pharma Pharmaceutical Industries (Pharma)—a leader in the kingdom’s pharmaceutical services industry—has implemented Epicor ERP to enhance data capture and archiving capabilities, optimise operational efficiencies, and guarantee on-time delivery to customers.
Pharma brings together business leaders and healthcare veterans to offer services to the Saudi pharmaceutical industry that include branding, marketing and sales, warehousing and logistics, facilities management, and regulatory compliance consultancy.
The company’s international reach demanded a new approach to technology to ensure it remained a leader in the new global digital economy. It embarked upon a bold digital transformation journey, with a robust ERP platform as the planned keystone.
“We didn’t have an ERP platform in place and relied on a paper system to manage each department’s activity,” said Tariq Kayyali, quality unit director and ERP project manager, Pharma Pharmaceuticals Industries, whose team of stakeholders focused on linking and integrating department transactions to reduce the time taken to locate vital archived data.
Errors in starting materials and the resulting mix-ups and delays in order deliveries became significant business risks to the company, pre-digitization. The risk of using incorrect or expired material in the manufacturing process was compounded by the company’s inability to accurately control all its assets and due to its tendency to produce inaccurate reports due to manual compilation.
With the support of trusted Epicor partner, Full Insight Technology Solutions (FITS), Pharma deployed a platform that was easy to install, user-intuitive, and provided tight-fit functionality with its needs. Over a period of 10 months, the system was rolled out to 15 users, who all reported ease of use and unprecedented accuracy.
Switching to Epicor ERP has allowed Pharma to smoothly link and integrate transactions across all departments and enhance accuracy in operations and inventory control. Strict audit trails now allow every critical transaction to be traced—to the user, date, and time of action—allowing Pharma to closely monitor related business impacts. Labelling problems have also been overcome, by enabling greater control over purchased and manufactured parts.
“We ended up saving about 30 percent of unnecessary warehouse-team transactions and managed to reduce the time taken to find or track historical data records or transactions, from hours or days to seconds or minutes,” said Kayyali. “We also reduced the risk of mix-up and eliminated the possibility Pharma Pharmaceuticals deploys Epicor ERP to streamline processes and optimise service delivery of using an invalid or expired part as a starting material—which is critical in the pharma industry.”
Having a validated ERP system helps us meet the expectations and compliance requirements of medicinal product agencies, both in the Kingdom of Saudi Arabia and around the world.”
“Remaining relevant in the digital economy is no minor feat,” added Amel Gardner, regional vice president, Middle East, Africa and India (MEAI), Epicor.
“Competitors—especially new market entrants—will not be using manual processes for critical functions. It is therefore vital that all firms digitise as much as possible. Epicor ERP will give Pharma a strong platform for growth and enable it to easily comply with granular industry requirements. The platform is designed to fit every business like a glove, delivering automation and operational enhancements that pave the way to true digital transformation.” — Tradearabia News Service

 

Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China, particularly in the pharmaceutical industry. For direct consultation, please feel free to contact us.

Learn about Epicor ERP in the wake of COVID-19 and get ready for the future.

Check out Why SMEs choose Epicor?

Epicor ERP in Covid-19

Epicor launches partner support program in wake of COVID-19

Epicor has launched its ‘Fit for the Future’ program, designed to aid the company’s partners to build business resilience in response to COVID-19 and succeed in the current landscape.

According to Epicor, it is crucial to support partners as these businesses are a ‘vital’ component of Epicor’s go-to-market model. As such, the company is focused on providing competency, capability, and capacity within the market so partners can better serve and deliver value to its customers, Epicor states.

Partners include resellers, system integrators, and service partners, which can implement, design, and develop transformational IT strategies using the Epicor product portfolio and tools.

The program supports ongoing remote working situations and focuses on three core pillars, collaboration, skills and communication.

Togetherness: One Team focuses on staying connected to partners providing help in navigating changes and supporting connectivity and agility, the company states.

Epicor is actively encouraging partners to share their experiences and learnings in order to drive business improvements needed to fuel continued growth and shore up business resilience.

Partners will be able to access recordings, PowerPoint presentations, demo scripts, and other supporting documents from a partner hub to boost sales and scalability, Epicor states.

Developing Skills and Value brings an enablement plan to help partners continue to develop a range of skills that can help them to remain competitive and agile in the coming months.

Training is being delivered through a range of virtual sessions focused on sales skills, where attendees gain understanding in customer pain points and how to articulate increased value to customers; operational efficiencies and how to improve the customer experience; capability in accessing valuable collateral and managing pipeline; and business planning and driving SMART objectives.

To support partner development, Epicor is also publishing a series of weekly webinars and has been offering free-of-charge certifications over the last month.

Communication focuses on Epicor’s commitment to sharing information that ensures partners have useful data to help customers through a variety of new market challenges.

By keeping the lines of communication open, Epicor states it hopes to continue to grow alongside its partners, whilst supporting the wellbeing of each business and its employees.

Epicor Software vice president channel sales Paul Flannery says, “By investing in our partner community and supporting them through challenging times such as these, we are making sure businesses are resilient, by equipping them with the resources, tools, and knowledge needed to emerge stronger than ever before.

“We are dedicated to help our partners by helping them to thrive and adapt to the current environment in a way that’s rapid, streamlined, and scalable.”

For partners who have participated in the ‘Fit for the Future’ program, Epicor will be recognising these efforts through a scheme called the ‘Partner Olympics’.

Points will be awarded for attending webinars, downloading information from the partner hub, and achieving certifications. By putting this scheme in place, Epicor aims to drive continued engagement, whilst helping partners to adapt to a rapidly changing global climate.

Source: Chanellife


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China. For direct consultation, please feel free to contact us.

Learn about Epicor ERP in the wake of COVID-19 and get ready for the future.

Check out Why SMEs choose Epicor?

Epicor ERP for cosmetics manufacturing in Dubai

Dubai-based cosmetics manufacturing firm enhances operations with Epicor ERP

Epicor Software Corporation has announced that Epoch Cosmetics and Toiletries has selected enterprise resource planning (ERP) solution, Epicor ERP, to improve manufacturing and warehousing operations and streamline information flow across the company.

                                        Amel Gardner, Epicor

Epicor partner, Cork Information Technology, will work with Epoch Cosmetics and Toiletries’ stakeholders to bring the full power of the Epicor platform to the company and its employees.

Dubai-based Epoch Cosmetics & Toiletries produces aerosols, deodorants, air fresheners and cosmetics for markets all around the world—including its native United Arab Emirates (UAE), the Kingdom of Saudi Arabia, India, West Africa, Egypt, Oman, the UK, France, and the US.

The company supplies major brands—such as Elegant, Inspire, Pleasure, Hot & Cold, Mehas and The Scent—to distributors, and also offers contract manufacturing to other brands.

Having grown from a handful of employees to a monthly production capacity of more than two million products in just 10 years, Epoch Cosmetics & Toiletries realised they would need to replace their existing ERP solution to continue to expand and grow.

“As we grew, our legacy system was not catering to our needs, especially in manufacturing, warehousing and sales,” said Abbas Hamid, director at Epoch Cosmetics & Toiletries.

The company’s warehousing issues stemmed from a lack of real-time accuracy and visibility for on-hand stock levels from the front-end system. The necessity to implement manual workarounds was impacting productivity, and inaccuracies were affecting stock valuation.

In addition, stock retrieval was employee-driven, rather than system-driven, leading to further inaccuracies if goods were not correctly stored. Other complications existed based on the absence of a stock-taking module in the legacy ERP, requiring warehouse employees to perform an entirely manual reconciliation.

“In addition, the manufacturing module within the legacy system only captured the cost of materials, so labour costs and direct costs were never captured. These had to be generated through manual calculations and estimations, which affected our financials,” added Hamid.

Reporting was also cumbersome, with pending PO reports and shipment tracking requiring manual preparation, and the system offered no capability for real-time reporting.

Epoch Cosmetics & Toiletries decided it needed an ERP system that was tailored to their business operations, was easy to deploy and use, and would be flexible enough to allow the company to grow unimpeded. After considering four major ERP vendors, Hamid and his team selected Epicor ERP due to the manufacturing-centric focus and native functionality of the solution.

“While we obviously needed some level of customisation, we were very clear that we wanted to adapt to a system and be in line with best industry practices, rather than the other way around—where the system has to adapt to us,” added Hamid.

Epoch Cosmetics & Toiletries’ stakeholders were particularly drawn to the real-time reporting functionality of Epicor ERP, as well as its multi-region capabilities, so that future expansion plans would not be hampered and that consolidated reports could be easily compiled.

Implementation is expected to be completed by May 2020, and the company’s project team is currently working with regional Epicor partner, Cork Information Technology, to deploy the new solution to more than 40 users in the UAE. Supply chain, sales, CRM, manufacturing, finance and asset management will all be key areas of functionality that are expected to help enhance Epoch Cosmetics & Toiletries’ operations.

“All across the Middle East and North Africa region, manufacturing companies are trying to digitally transform, so that operations are optimised continually,” said Amel Gardner, regional director, Middle East, Africa and India (MEAI), Epicor. “Processes that are overly manual impede growth, so digitisation is the key to agility. Epoch Cosmetics & Toiletries realised its legacy architecture was holding back the fulfilment of its regional ambitions. When you have the vision to shake off the old and embrace the new, extraordinary things can happen. We are confident that with Epicor ERP in place, the company will march quickly towards a new horizon.”

Source: Tahawultech


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many manufacturing businesses in Vietnam and China. For further information, please feel free to contact us.

Check out Why SMEs choose Epicor?

Epicor Ace Hardware partnership extension

Epicor and Ace Hardware Extend Strategic Partnership

The expanded partnership includes a 5-year commitment to continue an exclusive point-of-sale endorsement, support Ace Retailers, and introduce next-generation retail cloud technology.

AUSTIN, Texas–(BUSINESS WIRE)– Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, today announced the expansion of an exclusive partnership with Ace Hardware, the world’s largest retailer-owned hardware cooperative. Ace Hardware has officially selected Epicor Eagle as its designated point-of-sale (POS) solution, currently installed at more than 3,400 Ace Hardware stores.

Based on the success of the Epicor Eagle POS partnership that kicked off more than two decades ago, Ace Hardware has expanded the venture to include a 5-year commitment to exclusively use Epicor Eagle. Epicor’s technology and vision, along with domain expertise and deep vertical market knowledge, helped secure Ace’s decision to move forward with the partnership.

“It only made sense to expand our partnership with Epicor as we continue to build momentum as a brand and retailer. Epicor’s vision for, and commitment to, the independent retailer, coupled with its industry-specific technology, set the company apart from the rest,” said John Venhuizen, President and CEO, Ace Hardware. “Today marks the start of an expanded relationship and we’re excited about the potential and future developments that this will bring.”

This partnership underscores Epicor’s continued dedication to providing innovative and seamless solutions for its retailers. Epicor Eagle’s functionality, flexibility, and integration capabilities provide Ace retailers with the tools they need to succeed at business processes – operational efficiency, customer service, and bottom-line profitability.

“Over the past three decades, Epicor Eagle has delivered strong point-of-sale solutions to our customers. Despite the big-box competition, with this software retailers are thriving through superior customer engagement and greater efficiency – including Ace retailers,” said Steve Murphy, CEO, Epicor. “We’re delighted to continue our partnership and are proud to be the only point-of-sale software exclusively endorsed by Ace Hardware.”

About Epicor Software Corporation

Epicor Software Corporation drives business growth. We provide flexible, industry-specific software designed to fit the precise needs of our manufacturing, distribution, retail, and service industry customers. More than 45 years of experience with our customers’ unique business processes and operational requirements are built into every solution―in the cloud or on-premises. With this deep understanding of your industry, Epicor solutions dramatically improve performance and profitability while easing complexity so you can focus on growth. For more information, connect with Epicor or visit www.epicor.com.

Epicor and the Epicor logo are trademarks or registered trademarks of Epicor Software Corporation, registered in the United States and other countries. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.

About Ace Hardware

Ace Hardware is the largest retailer-owned hardware cooperative in the world with more than 5,300 locally owned and operated hardware stores in approximately 70 countries. Headquartered in Oak Brook, Ill., Ace and its subsidiaries operate an expansive network of distribution centers in the U.S. and have distribution capabilities in Ningbo, China; Colon, Panama; and Dubai, United Arab Emirates. Since 1924, Ace has become a part of local communities around the world and known as the place with the helpful hardware folks. For more information, visit acehardware.com or newsroom.acehardware.com.

Source: Raelle Alfaro


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many businesses in manufacturing, distribution, and retail in Vietnam and China. For direct consultation, please feel free to contact us.

Check out Why SMEs choose Epicor?

Epicor ERP for Epoch Cosmetics

Epoch Cosmetics & Toiletries enhance efficiency with Epicor ERP

UAE-based manufacturer drawn to manufacturing-centric and multi-region capabilities of the market-leading solution.

Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, has announced that Epoch Cosmetics & Toiletries LLC has selected Enterprise Resource Planning (ERP) solution, Epicor ERP, to improve manufacturing and warehousing operations and streamline information flow across the company.

Epicor partner, Cork Information Technology, will work with Epoch Cosmetics & Toiletries’ stakeholders to bring the full power of the Epicor platform to the company and its employees.

Dubai-based Epoch Cosmetics & Toiletries produces aerosols, deodorants, air fresheners and cosmetics for markets all around the world-including its native United Arab Emirates (UAE), the Kingdom of Saudi Arabia, India, West Africa, Egypt, Oman, the UK, France, and the US.

The company supplies major brands-such as Elegant, Inspire, Pleasure, Hot & Cold, Mehas and The Scent-to distributors, and also offers contract manufacturing to other brands.

Having grown from a handful of employees to a monthly production capacity of more than two million products in just 10 years, Epoch Cosmetics & Toiletries realized they would need to replace their existing ERP solution to continue to expand and grow.

“As we grew, our legacy system was not catering to our needs, especially in manufacturing, warehousing, and sales,” said Abbas Hamid, Director at Epoch Cosmetics & Toiletries.

The company’s warehousing issues stemmed from a lack of real-time accuracy and visibility for on-hand stock levels from the front-end system. The necessity to implement manual workarounds was impacting productivity, and inaccuracies were affecting stock valuation. In addition, stock retrieval was employee-driven, rather than system-driven, leading to further inaccuracies if goods were not correctly stored. Other complications existed based on the absence of a stock-taking module in the legacy ERP, requiring warehouse employees to perform an entirely manual reconciliation.

“In addition, the manufacturing module within the legacy system only captured the cost of materials, so labor costs and direct costs were never captured. These had to be generated through manual calculations and estimations, which affected our financials,” said Hamid.

Reporting was also cumbersome, with pending PO reports and shipment tracking requiring manual preparation, and the system offered no capability for real-time reporting.

Epoch Cosmetics & Toiletries decided it needed an ERP system that was tailored to their business operations, was easy to deploy and use, and would be flexible enough to allow the company to grow unimpeded. After considering four major ERP vendors, Hamid and his team selected Epicor ERP due to the manufacturing-centric focus and native functionality of the solution.

“While we obviously needed some level of customization, we were very clear that we wanted to adapt to a system and be in line with best industry practices, rather than the other way around-where the system has to adapt to us,” said Hamid.

Epoch Cosmetics & Toiletries’ stakeholders were particularly drawn to the real-time reporting functionality of Epicor ERP, as well as its multi-region capabilities, so that future expansion plans would not be hampered and that consolidated reports could be easily compiled.

Implementation is expected to be completed by May 2020, and the company’s project team is currently working with regional Epicor partner, Cork Information Technology, to deploy the new solution to more than 40 users in the UAE. Supply chain, sales, CRM, manufacturing, finance and asset management will all be key areas of functionality that are expected to help enhance Epoch Cosmetics & Toiletries’ operations.

Epoch Cosmetics & Toiletries’ management team is hopeful that, with Epicor ERP in place, its operations will be streamlined, allowing it to expand as needed and implement international best standards in manufacturing. Also, given the ability for Epicor ERP to integrate with multiple third-party solutions, the company plans to work with Epicor to integrate modules for business analytics and intelligent manufacturing.

“All across the Middle East and North Africa region, manufacturing companies are trying to digitally transform, so that operations are optimized continually,” said Amel Gardner, Regional Director, Middle East, Africa and India (MEAI), Epicor.

“Processes that are overly manual impede growth, so digitization is the key to agility. Epoch Cosmetics & Toiletries realized its legacy architecture was holding back the fulfillment of its regional ambitions. When you have the vision to shake off the old and embrace the new, extraordinary things can happen. We are confident that with Epicor ERP in place, the company will march quickly towards a new horizon.”

Source: Mark Bowen


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many manufacturing businesses in Vietnam and China. For further information, please feel free to contact us.