The Epicor Financials Core package delivers all the essential financial capabilities your business needs to effectively manage financial activities.
Key Areas
Benefits
Leveraging our industry expertise, this modern financial management solution equips you with essential tools to automate and integrate your company’s financial operations, scaling effortlessly as your business grows. From managing invoices and payments to automating processes, Epicor Financials Core provides you with complete control and visibility over financial transactions and processes, no matter the size of your company.
Tailor Epicor Financials to your business needs with user-friendly tools for accounting, allocations, currencies, legal numbering, rounding, taxes, and more. Customize workflows with intuitive web-based interfaces and maintain your customizations through seamless cloud upgrades.
Epicor Financials is built on a foundation of user-friendly, web-enabled, and customizable application screens, complemented by powerful built-in reporting tools. Its robust cloud infrastructure ensures seamless updates, keeping you always on the latest version.
General Ledger provides your business with the accounting controls and system security necessary to help ensure the integrity of your company’s financial data. It processes and posts all accounting transactions created throughout the Epicor applications, as well as entries made directly within the ledger.
Epicor’s General Ledger system empowers your organization to operate efficiently, ensuring compliance with fiscal regulations and supporting strong corporate governance. It provides the critical information and controls needed to drive superior enterprise performance.
The advanced allocations feature enables precise distribution of costs and revenues across multiple projects, departments, or locations, ensuring accurate financial management within your corporate structure.
General Ledger in Epicor Financials includes:
Accounts Payable streamlines your financial operations by allowing you to enter supplier invoices for purchases and create payments for selected invoices. The system can generate payments for all due invoices, specific suppliers, or individual invoices. It also updates purchase orders and actual job costs, with the flexibility to make adjustments if there are discrepancies between the purchase price and the invoiced amount.
Accounts Payable also includes:
Petty Cash
This module offers comprehensive controls and functionality to efficiently manage cash flow, including all types of transactions, employee expenses and advances, supplier payments, and customer receipts.
Multiple Payment Instruments
Efficiently manage various credit instruments, including promissory notes and postdated checks, by tracking their status from initial issuance or receipt to final clearance or settlement. Monitor the movement of these payment instruments and generate status updates within the Accounts Payable and Receivable applications. These updates are reflected in the General Ledger, ensuring accurate recording of the financial status of assets and liabilities.
Automated Clearing House (ACH)
Automate your cash flow management between your bank and those of key suppliers and customers with Electronic Fund Transfers (EFT) through ACH, significantly reducing check fraud. Epicor Financials supports standard domestic and international formats, as well as Wells Fargo formats. It integrates seamlessly with Positive Pay capabilities, supporting systems like Bank of Boston, Chase, Fleet, Union Bank, and Wells Fargo. Easily customizable standard formats and support for Direct Debit operations and the Epicor Kinetic Payroll module further enhance your financial operations.
Positive Pay
Protect your business from altered or fraudulent checks by ensuring that each check presented for payment matches the account number, check number, dollar amount, issue date, and sometimes the payee’s name against a list of checks previously authorized by your company.
MICR Check Printing
Enhance your check printing process with Epicor Financials. Print MICR lines, company logos, and electronic signatures directly onto blank check stock, eliminating the need for preprinted check stubs. This functionality saves you money on bulk printing fees and costly preprinted check paper.
Streamline your financial operations with Accounts Receivable within Epicor Financials, offering a comprehensive suite of tools to manage invoicing, credit, cash, and customer needs. The automatic invoice creation through the order release process reduces manual work and errors for your operations. With this, you can gain clear insights into customer purchasing behaviors and payment timeliness.
Accounts Receivable also includes:
Deferred Revenue Accounting
Automatically recognize revenue only when the earnings process is complete by creating revenue recognition schedules from AR invoices. Access detailed reports for deferred revenue forecasting and reconciliation, ensuring accurate financial management.
Lockbox
Streamline your cash receipt process with this module, which transfers cash receipts from bank files directly into Epicor Financials Accounts Receivable. Easily map bank-provided fields to the required fields in Epicor Financials, configuring the module to meet your specific needs without further customization. Additionally, Lockbox supports multiple layouts, accommodating various banks and lockboxes with different layout requirements.
BPM provides real-time, event-driven workflow orchestration, process automation, and application integration without requiring programming. This flexible tool supports continuous improvement initiatives like Lean and Six Sigma, making your software more agile. Easily build and manage your business rules at a business level, enhancing operational efficiency.
Empower every user with Epicor Kinetic’s intuitive query management tool. Easily create, modify, and share data queries with the help of a built-in dictionary that connects related tables. Effortlessly aggregate, group, filter, and export data to Microsoft® Excel®. Updatable BAQs allow for real-time data changes in the live database. Even non-technical financial experts can leverage these user-friendly BAQs for sophisticated data management.
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Thousands of enterprises rely on Epicor software to help them grow and scale. Bring us your questions. Tell us what's working and what's not. We'll work with you to curate the right solution for your business.