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Master Your Fixed-Asset Finances

Operational equipment and machinery lose value, with increasing depreciation costs each financial period—but do you know how much? Asset Management, a core function of Epicor Financials, shows you the big picture:

  • Select and configure the best depreciation method for each asset
  • Keep assets updated with their real value
  • Automate asset-related entries in the General Ledger
  • Run reliable financial reports with an accurate EBITDA
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Benefits

Built for Finance Experts

Asset-intensive organizations appreciate Fixed Asset Management for its connectivity with other modules in Epicor Financials, including purchases, maintenance, time and expense management, General Ledger, and Accounts Payable (AP) accounting. All assets and activities are under perfect financial control, saving lots of time for finance experts.

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Transactional Approach

Whatever activities are performed on an asset, Epicor Financials handles all transactions reliably and quickly—meeting your business needs in an organized, efficient, and transparent way.

Automation

Configure transaction processing and meet the most sophisticated requirements. Customizable asset transactions, a flexible posting engine, and workflow-based business process management give solid control over assets. Integration with 1000+ external online services means you can custom-build the exact desired results.

Capabilities

Epicor Financial Planning and Analysis (FP&A)

Epicor FP&A is a modern, web- and cloud-based solution for financial reporting, planning, and analysis, compatible with Excel Online, delivering CAPEX reports, ML-supported budget planning, forecasting, what-if scenarios, real-time collaboration between budget holders, and more.
Live Tracking and Comprehensive Reporting

Native, customizable, live application programs and dashboards help you review all the asset details from inception to removal. Customize the screens and charts easily, and drill down to access the data you really need. Built-in reports ensure you can monitor both booked and planned transactions.

Global Business Support

Epicor Financials provides a global, robust, cloud-based financial management solution designed for asset-intensive businesses. Run depreciation confidently in multiple sites, companies, or countries while using the accounting and reporting currencies smartly in the consolidation. Benefit from local languages and country-specific functionality.

Multiple Depreciation Methods

Asset Management in Epicor Financials features a series of built-in depreciation methods such as straight-line, declining balance, fixed amount per period, and others. These methods are generally based on time or activity, but you can also create your own formulas to run a custom depreciation.

Acquire Assets Through Accounts Payable (AP)

Registering the purchase of an asset in Epicor Financials is as easy as just creating a new AP invoice line for the asset. The vendor, the amounts, terms, invoices, and payments are all recorded and linked to the Asset Management module, resulting in a shorter lead time experienced by all stakeholders.

Transfer Inventory to Asset

Some organizations need to move their inventory items to Asset Management. Serialized inventory items can be added as additional assets to the asset register, allowing you to generate and book the asset transactions just like you would with any other asset.

Epicor Field Service Management (FSM)

If your business needs service assets sold and delivered to customers, Epicor FSM and the Service Management module can automate the service process. We’ll help you find the best technicians for the right place at the right time, reducing billing turnaround time and improving customer experience.

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