The Reporting and Consolidation Solution that Offers Depth, Sophistication, and Ease of Use in Equal Measures.
Data integrity, security vulnerabilities, version-control problems, consolidation and distribution difficulties, and collaboration issues are some of the significant problems Epicor FP&A addresses.
Epicor FP&A brings to the table a reliable SaaS solution that empowers finance departments to deliver relevant and correct information on time, drastically reduce time spent on reporting and consolidation, and handle simple to complex reporting needs without compromising performance.
Epicor FP&A pulls data directly from your ERP system (whether deployed in the cloud or on-premises). This means that to start with Epicor FP&A initially follows the account mapping in your General Ledger. If you want to change how certain items are mapped, you have the power to do this within Epicor FP&A while leaving your ERP data intact to ensure GL integrity.
Your business needs financial reporting for compliance to ensure the numbers add up and prevent potential cash flow issues. However, it would be best if you also had management reporting to make better business decisions backed by solid data.
Epicor FP&A offers you both financial and management reporting to provide critical oversight and account management. With Epicor FP&A, you can enforce your chart of accounts that you have created. By standardizing rules across the organization using Epicor FP&A, you control the policies and procedures governing how transactions are posted to specific accounts. This will result in accurate and factual financial statements for a specific period of time to truly show the state of the company’s health.
While management reporting is not mandatory and is meant for internal use only, producing management reports allow you to segment the business effectively. By doing so, you can see more details and analyze the things that are driving the business
As a user, you have the option to either make use of the pre-built financial reports within the solution or create your reports using the Report Wizard. Either way, it is easy to customize these reports to suit your business needs.
Changing parameters or filters within the report takes only a few seconds regardless dimension size. If you want to subscribe to specific reports, you have the subscribe option. With just a click of a button, you are guaranteed to be updated on the reports that matter to you.
The report distribution within Epicor FP&A is simple and straightforward. It uses the organization tree and workflow in distributing it. You can select any report and set up for distribution as Excel sheets to licensed and non-licensed users. You can also schedule reports for sending.
The depth and sophistication of Epicor FP&A as a reporting tool can be best experienced through its built-in business rules engine. The business rules engine allows you to perform simple to highly complex report calculations in a simple, straightforward manner.
Complex report, like EBITDA reporting, can be handled within Epicor FP&A through business rules and hierarchies.
Even if your organization has a different way of viewing data which makes reporting complicated, Epicor FP&A makes that possible without needing IT assistance.
Consolidation isn’t just a task for large companies. Even small and mid-sized companies require a reliable consolidation process. Epicor FP&A is the mainstream consolidation solution for Epicor today. Epicor FP&A reduces manual intervention and close cycle, affords complete control over financial statements, provides a centralized data collection with management oversight, affords in depth analysis and drill down to journal details, and automates group reporting and Disclosure.
Epicor FP&A is configured with consolidation and currency rules. These rules can differ by group, consolidation method, ownership, time, and natural account. Many Epicor FP&A customers today use Epicor FP&A for multi-group consolidation. Epicor FP&A has no problem solving highly complex consolidation requests, such as the need for accurate foreign currency translations on a detailed level with CTA calculations. This is just one of the many advanced consolidation capabilities of Epicor FP&A.
It is, of course, also equipped with best practices such as an automated reconciliation process, intercompany matching, a predefined data model for each subsidiary to map their data, automatic eliminations, and more.
Aside from supporting reporting and consolidation for your organization, Epicor FP&A is a robust budgeting and planning solution. With its easy-to-use web interface, learning how to use the tool is not an issue. It also provides an Excel plug-in for advanced finance users so you can do more advanced formatting of reports if preferred.
The best part about Epicor FP&A is that it provides a truly complete, deep, and functionality-rich solution that can handle financial reporting, budgeting and planning, and consolidation with just a single platform.
Here is a sample consolidation structure Epicor FP&A supports:
The Epicor FP&A Choice
Secure FP&A investment—Epicor FP&A offers a unified and full FP&A suite
Best practices approach—Epicor FP&A offers predefined business management content
Ease of use—Epicor FP&A is truly dynamic and user-friendly
Quick implementation—integrate with your ERP system quickly and efficiently to create reports, simulations, analysis & dashboards
Automatic updates—stay current with the latest features and enhancements, hassle-free