The Epicor FP&A Choice
Benefits
Epicor FP&A offers organizations—big or small, the ability to predict what is going to happen to the business in a dynamic and user-friendly solution. Epicor FP&A uses the best practice approach throughout its solution. This means that Epicor FP&A will look at how you currently do things and suggest streamlined working methods that still make sense for your business. All these are initially done within the bounds of Epicor FP&A’s off-the-shelf offering.
Once your process is streamlined, Epicor FP&A will automate specific tasks to significantly reduce budget cycle times. Epicor FP&A believes in intelligent process streamlining before automating because automation only makes things faster, not necessarily better.
Epicor FP&A believes in good budgeting practices designed to minimize errors and inconsistencies. These practices engage front-line managers, who bring the unique perspective of their departments, to collaborate with the finance department so that top-down guidelines can be combined with bottom-up knowledge.
To start, Epicor FP&A will let you map your organizational tree into the solution. This organizational tree will contain information such as positions, people holding the key roles, tasks assigned to that position, and permissions attached to each position. With Epicor FP&A, your finance department will also be heavily involved in the account mapping within the solution to define the reporting and budgeting structures clearly.
When logging in to Epicor FP&A, you will immediately see your Epicor FP&A dashboard. This dashboard will contain graphs that are relevant to your line of work. It is worth mentioning that setting up this dashboard requires no coding at all. It is all done via the web with just a few clicks on the button and without the need for any IT assistance.
In this dashboard, you have access to graphs and a list of your assignments and tasks. You will also have access to team announcements set up by your administrator. Whether you want to display gross margin, revenue, or budget versus actual, the choice of what you want to see in your dashboard is yours.
Want to set up multiple dashboards to cover sales and finance? You can do that too.
When you log in as a user, you will only see the worksheet you are allowed to access. The web input sheets are designed in such a way that you won’t need to ask questions on how to do it. It is always simple, and it is intuitive.
You click on the assignment located on your dashboard, and it will lead you right to your assignment. In the sheet itself, you have smart features like in-line analytics, export to Excel, search, edit, expand sheet, spread method, or you can leave comments for improved collaboration.
You also do not lose any of the Excel-like features, so if you want to use formulas or references to cells, for example, you can do that as much as you’d like.
One of the main reasons why Epicor FP&A is the FP&A solution of choice for so many customers is because of its Business Rules Engine. This capability to handle highly complex calculations simply through its built-in Business Rules Engine showcases it as a powerful budgeting solution.
You can have multiple pre-built rules such as direct and indirect cash flow, consolidation, and FX. The Epicor FP&A business rules engine supports complex HR calculations as well. No matter how advanced the rule you want to run, all of these are accomplished without hard coding or IT assistance.
Epicor FP&A allows you to identify best- and worst-case scenarios, learn how to anticipate change triggers, and streamline and fast-track responses. It enables you to deal with disruptive times by making the speed and accuracy of your response shorter to mitigate risks. You can input both historical data and assumptions about future performance. From there, you can derive various ratio analyses and other performance metrics such as profit margins and cash in hand. With Epicor FP&A what-if capabilities, you can toy around with various circumstances using any two assumptions.
You get to observe its effect on the financial model while adding flexibility to your financial and valuation models. With this capability, you can predict outcomes in almost all possible departments in your organization, such as Sales, Marketing, and HR.
Epicor FP&A gives you timely vision into the next twelve months at any given point in the year. Epicor FP&A allows you to re-calibrate your forecasts and resource allocation every month or quarter, depending on what is actually happening in your business.
This reality-tested approach to target setting keeps everyone in your team honest and agile.
Epicor FP&A is AICPA SOC II-compliant and GDPR-compliant. With Epicor FP&A, you also get a multi-layered approach to
handling data security. You get cell-level, role-based-level, and server-level enforced security. To add to this, Epicor FP&A also hosts data in trustworthy countries with the lowest risk of state intrusion.