Epicor 10 for finance management – most valuable featuresadmin
Epicor 10 for finance management
Free-up cash flow
Reliable cash flow is essential for any business. However, continuous growth can be a challenge when the staff is busy with doing so manually or on outdated systems. Epicor 10 ensures a faster and more efficient cash flow through purchase order reporting, planning reports, and automated processes. It fully integrates warehouse management software capabilities. You usually find such functionality in purpose-built, stand-alone warehouse management systems. Furthermore, you can track overdue invoices that have been missed for human error.
Accurate and comprehensive reporting is pivotal to businesses. ERP financial reporting and analytics can help your staff make more informed choices. Furthermore, they can assist decision-makers by ensuring timely and accurate financial information. This reporting can also be real-time. This means that the key personnel can always check their department’s performance against KPIs. Real-time assessment of your fiscal information increases the clarity and flexibility of your department.
One of ERP’s main benefits is the possibility to automate your business processes from a single piece of software. In particular, this is helpful for organizations dealing with much paperwork and multiple software to manage processes. If this rings a bell, automation will help your business to optimize processes and make them more efficient. It will also remove ‘manual’ interventions, minimizing human errors. Automate processes with Epicor ERP and you’ll tap into new possibilities to save money by streamlining and cutting out waste. You’ll free up a lot of time for staff in various areas, e.g., finance, the factory floor, and sales. This means they can spend time on more important tasks.
It should come as no surprise that ERP software can provide a significant boost to your business’ forecasting capabilities. ERP builds up swathes of data to predict future trends and behaviors. You can store, analyze, and present purchase orders, supply forecasts, and inventory records here. This helps your business identify future opportunities and eliminate recurring hurdles that might have gone unnoticed. Having all your financial data at your fingertips is a great way to plan and make smart, evidence-based decisions. Keep this in mind and your business will certainly move forward.
Affecting change on the go
One problem for decision-makers is how to monitor and affect change while out of office. However, now you can integrate modern ERP solutions fully with mobile devices to reduce response times and improve field productivity. In the past, you might have to be in the office or factory floor to have full insight into certain processes. Now your tablet or mobile can access critical information such as billing processes, work order and inventory in real-time. Thus, go mobile and optimize your business processes from anywhere.
It was common that a lack of transparency could hold back businesses in the past. Much of information could flow across departments and along the supply chain. However, key stakeholders usually had little insight to make informed decisions.
The present cloud-ready innovations, such as the Internet of Things (IoT) and mobile devices, have increased transparency. Decision-makers have access to all necessary information. In turn, the business can make real-time choices after reducing decision-making to the palms of their hand. That’s how they move forward.