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The current business environment is at once increasingly complex and increasingly regulated, challenging even the largest businesses to remain competitive in today’s fluid, global markets. Navigating through myriad legal, regulatory, and supply chain mandates has never been tougher. Forward looking businesses are embracing these challenges as opportunities to succeed, through the implementation of governance risk and compliance (GRC) strategies. These strategies, help control risk, effectively handle regulatory compliance, and ultimately drive business performance.
Compliance is at the heart of the design of Epicor® GRC software solutions and Epicor makes every effort to ensure that any new functionality is consistent with published international standards and best practices. These include published standards in corporate and financial governance such as international accounting standards (IAS), international financial reporting standards (IFRS), and other generally accepted accounting principles (GAAP) while also incorporating support for international trade standards such as restriction of the use of certain hazardous substances in electrical and electronic equipment (RoHS), Waste Electrical and Electronic Equipment (WEEE) directive, and the North American Free Trade Agreement (NAFTA).
Ultimately, compliance with the far reaching government mandates like the Sarbanes-Oxley Act (SOX) and other evolving and emerging regulatory standards is based on the implementation and documentation of internal controls, procedures, and processes. Epicor is committed to working with customers to leverage our software and services to meet their specific compliance, regulatory, and governance objectives.
As the world begins to seriously consider energy availability and the long-term effects of climate change, businesses, too, are turning their attention to an area of opportunity they can affect—reduction of carbon emissions and energy conservation in their supply chains. Despite the fact that government incentives in this area are still in their infancy, many businesses are finding that green initiatives go beyond simple good-citizenship to real business opportunities and bottom line savings, contributing financial value to the organization.
Epicor GRC solutions are designed to tackle these very requirements and do so through a combination of software and related services covering lean
supply chain management (SCM) and global trade compliance;
financial management including financial controls, transparent and proactive reporting, and audit and security management;
product life cycle management (PLM);
supplier relationship management (SRM) including strategic sourcing; enterprise content and document management; and
enterprise performance management (EPM).
GRC is an ongoing process that will require companies to utilise internal resources alongside external experts to ensure that they meet regulatory demands. Epicor GRC software solutions offer greater business predictability, help manage business risk, and drive stakeholder confidence.
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