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What is Epicor FP&A?

The Value of an Agile, Flexible FP&A Solution

Businesses face a myriad of challenges today: inflation, attrition, and low productivity. Epicor FP&A is a cloud solution that empowers you with a new structure of working—improving your financial reporting processes, enhancing your operations, and helping you adapt to a dynamic environment. With the CFO holding the reins, bolstered by cutting-edge machine learning technology, you can help ensure your business is ready to:

  • Quickly generate reports and ensure you comply with internal and external reporting standards
  • Accurately predict future revenues, profits, and cash flow
  • Make goal-oriented and driver-based plans, while modeling complex financial and operational what-if scenarios 
  • Discover which products, customers, and segments of the business are more profitable 
  • Consolidate reports with ease across entities so you can compare performance
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Benefits

Delivering Real-Time Insights 

Streamlines your processes so you can access insights quickly while supporting effective decision-making across your organisation. 

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Reducing Cycle Times

Reduce your budget cycle time by over 50% allowing you to deliver faster data and clearer insights across functions. The machine learning capabilities in Epicor FP&A ensures you have a quick and excellent starting point in your budgeting and forecasting process with numbers you can stand behind.

Increasing Savings and Improving Productivity

Re-engineer reporting and budgeting processes so your teams can increase efficiency and boost productivity, strengthening your bottom line.  

Capabilities

Epicor FP&A As A Unified FP&A Solution

In addition to being a comprehensive reporting and consolidation tool, Epicor FP&A stands out as a robust and complete Financial Planning & Analysis solution. It caters to a wide range of business needs, from the simplest to the most complex, offering four distinct packages.

With a single, unified solution that is both user-friendly and easy to maintain, Epicor FP&A provides a cost-effective and scalable option that evolves alongside your business, whether in terms of headcount, revenue, or process complexity.

  • Unified Solution for Reporting, Budgeting, Planning, Consolidation
  • One tool that is easy to use and maintain
  • Direct Integration with your ERP system whether deployed in the cloud or on-premises
  • Cost efficient, Complete, and Effective Scalable Solution
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Epicor FP&A For Reporting & Consolidation

Epicor FP&A is a reporting and consolidation solution that balances depth, sophistication, and ease of use. It serves as a complete and comprehensive reporting and analytics tool, coupled with a robust consolidation engine. This solution offers flexibility and customization to meet your unique business needs, all while being ready to use out of the box.

  • Out-of-the-box reports and budget templates
  • Easy reports creation from scratch
  • Support for Financial and Non-financial data
  • Direct GL integration with Excel import functionality
  • Flexible and customizable Charts of Accounts Set up
  • Powerful Report Drill capabilities
  • Business rules for sophisticated calculations
  • Report subscription, sharing, and distribution options
  • Web and Excel User Interfaces
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Epicor FP&A for Budgeting & Planning

Epicor FP&A champions effective budgeting and planning practices designed to minimize errors and inconsistencies. By engaging front-line managers, it leverages their unique departmental insights to collaborate with the finance department, seamlessly blending top-down guidelines with bottom-up knowledge.

Epicor FP&A can significantly reduce your budget cycle time by automating specific tasks:

  • Streamlined Budgeting Workflow: Enjoy a streamlined process with approval hierarchy clearly defining tasks and persons responsible
  • Budget Worksheets/Input Sheets: Out-of-the box with smart features that simplify inputs and adjustments
  • Machine Learning in FP&A: generate your budget, plan, or forecast using the built-in ML models in the system
  • Business Rules Engine: Automate complex calculations with ease
  • Live and Rolling Forecasts: Make resource decisions as close to real-time as possible
  • Unlimited What-If Analysis: Model different scenarios effortlessly
  • Team Collaboration: Enjoy features that make team collaboration across locations easier
  • Uncompromising Security: Protect your data integrity
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Multi-Dimensional Reporting in Epicor FP&A

Epicor FP&A supports a wide array of areas covering the full spectrum of financial reporting. True to its multi-dimensional reporting promise, Epicor FP&A offers extraordinary flexibility into financial and operational reporting where you can combine various dimensions or segments into new or virtually combined multi-segment dimensions. You can create and easily modify standard to complex reports using pre-built report templates or its report wizard. Sample reports include P&L, Balance Sheet, Income Statement, Cashflow statement, and trial balance.

Epicor FP&A is muti-company, multi-currency, and supports monthly, weekly, quarterly, yearly accounting periods all at the same time. It pulls live data directly from your ERP system (whether deployed on premises or in the cloud) and automatically updates web and Excel so you always work with the latest figures.

Best-of-Breed Budgeting and Forecasting in Epicor FP&A

Epicor FP&A upgrades your way of working through a workflow and machine learning-driven budgeting and forecasting process that promote faster speed, improved performance, and improved data analysis. Driver-based budgeting, multiple level approvals, commentary journalism, in-line analytics, input sheet drill power, spreading, and improved graphing are just few of the key budgeting and forecasting capabilities in Epicor FP&A.

Standard and Advanced Consolidation in Epicor FP&A

With Epicor FP&A, you will always have a single source of truth for all your financial information across all entities. It consolidates all your information in real-time. All the users in your organization can prepare analyses and extract reports if there are changes such as changes during final group closing.

Epicor FP&A supports multiple reporting frameworks such as IFRS, US-GAAP, and other local GAAPs.

Eliminations, Allocations, Adjusted EBITDA, intercompany data collection and consolidation, dynamic report distribution or subscription are few of the Consolidation capabilities you can get within Epicor FP&A.

No-code Dashboard

With Epicor FP&A, you always have a personal and easy to configure multi-page homepage that shows you a visual presentation of the figures that matter to your role. You can have a financial, sales, AR or AP dashboard in order to compartmentalize how these key figures are presented.

Creating and modifying this dashboard requires no coding or external consulting. It is designed for non-technical users.

KPI and Metrics Monitoring 

Keep track of the critical indicators of your business by using the FP&A no-code dashboard. Monitor financials, sales, expenses, profits, cash flow, and working capital all in one single, easy-to-understand space.

Financial and Operational Reporting 

Quickly and accurately generate needed financial and operational reports while complying with internal and external reporting standards like IFRS or local GAAPs. Eliminate multiple reporting systems—with FP&A, everything you need for accurate, compliant reports is in one user-friendly platform. 

Projected Financial Statements 

Predict revenue, overhead, margins, cash flows, and working capital by combining several dimensions to specific drivers. FP&A lets you test out different perspectives using the same set of data, so you’re always prepared for what’s next. 

Unlimited Scenario Modelling 

Model an unlimited amount of complex financial and operational scenarios, using the built-in scenario management features of FP&A. Leverage advanced predictive planning capabilities to test your assumptions and mitigate risks in all your decisions.  

Direct and Indirect Cash-Flow Forecasting 

Gain the confidence that comes from a clear view of where your business is now as well as where it’s headed. FP&A brings you integrated working capital and cash-flow planning capabilities for short, medium, and long-term horizons.  

Sensitivity and Ratio Analysis 

Predict the outcome of your decision by analyzing how target variables are impacted based on changes in other input variables, while gaining insight into your operational efficiency, profitability, and liquidity. 

The Power of Web and Excel  

FP&A offers two interfaces: the user-friendly Web interface and the ever-familiar Excel interface. You can create reports on the Web interface and download them to Excel without worrying about formatting. You will always have these two options available. 

Robust Security

Strong security measures protect your valuable financial data. FP&A offers the needed measures focused on data security, encryption, and compliance with industry standards while affording your business accessibility and collaboration—whether your ERP system is on-premises or in the cloud.

Machine Learning for Budgeting & Forecasting

FP&A gives you a starting point in the budgeting and forecasting process while requiring almost no effort or configuration at all. For example, it looks at your historical data and fits a set of models to it. The best performing model is then retrained on all historic data and used to make the forecast you will see. To give you a better understanding of your result, you can see what model was used, a short description of it and how it performed on known and unseen data.

Collaborative Planning and Analysis

Build a more collaborative organization by aligning financial and operational data, processes, people, and business plans.

FP&A Resources

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