Epicor Advanced Project Management

Overview
Benefits
Capabilities
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Manage Complex Projects With Ease

Epicor Advanced Project Management (APM) offers a suite of modules for mastering complex projects and driving profitability. It includes Project Accounting for financial control, Contract Management for customer contracts, Subcontract Management for subcontractor relationships, Project Resource Management for resource optimization, and Project Data & Analytics for performance insights. APM integrates these modules to manage the project lifecycle, ensuring growth and profitability.

Epicor Advanced Project Accounting (APA) Demo Video

This product showcase will run through the core capabilities of Epicor Advanced Project Accounting (APA), particularly the key features designed to extend and enhance the capabilities of the project management module in Epicor Kinetic.

Benefits

Industry engineer looking a tablet at factory

Leverage the Power of the Kinetic Platform

Built seamlessly within the Kinetic Platform, Advanced Project Management offers a native integration experience. This means all your data resides securely in one central location, eliminating the need for disparate systems and data integrity.

Familiar user interface
Easy on-boarding, short learning curve
Create your own custom dashboards
Develop business process workflows

Gain Complete Control and Optimize Project Processes

Take complete command of your project lifecycle with Epicor APM's integrated suite. Streamline workflows, minimize manual effort, and efficiently manage contracts, costs, subcontractors, and resources. Achieve optimized resource utilization and confident project analysis, ultimately reducing costs and improving profitability.

Uncover Actionable Insights with Granular Project Data

Enhance project data precision and visibility with Epicor APM's multi-level Cost Breakdown Structure and detailed management across contracts, subcontracts, and resources. Leverage real-time analytics for a comprehensive understanding of project performance, enabling more informed decision-making and stronger project cost management.

Epicor is honored to be recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Cloud ERP for Product-Centric Enterprises, for two years running.

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Capabilities

Project Accounting

Detailed Cost Tracking and Management: Define a dynamic list of cost codes with configurable levels to precisely track and manage project expenditures. Costs can be automatically allocated based on various transaction attributes.
Time-Phased Budgeting and Forecasting: Develop budgets that align with project timelines and milestones, allowing for comparisons between actual costs and budgeted amounts over specific periods.
Automated Accruals for Costs and Revenue: Automatic calculation and posting of accruals based on predefined rules and recognition methods, ensuring financial accuracy. Supports various revenue recognition standards like IFRS-15 and ASC-606.
Project Supply Chain Management: Link supply chain transactions (purchase order lines, inventory issues, production orders, and jobs) to the project cost breakdown structure.
Comprehensive Project Ledger: Provides full visibility into every financial transaction affecting a project, with drill-down capabilities to original documents and GL postings.
Flexible Revenue Recognition Methods: Support for multiple methods, offering the flexibility to choose the most appropriate standard, even within a single complex project.

Contract Management

Flexible Contract Creation and Management: Use Contract Entry to create and manage contracts, tracking scope, status, revisions, and value. Easily convert tenders to contracts.
Multiple Billing Types Under One Contract: Support for various billing types within a single contract, such as progress, fixed price, milestone, quantity, time and expense, and rates.
Efficient Contract Claims Processing: Generate, review, and process claims individually or in bulk. Consolidate billing types onto a single invoice.
Revision and Variation Management: Track changes and revisions to contracts over time.
Multi-Currency Support: Enables contracts for projects crossing multiple countries with multiple billing currencies within a single contract.
Deliverables and Milestone Management: Manage project progress and billing by milestones. Create sets of milestones that can be reused across projects.
Integration with Projects and Quotes: Link contracts to single or multiple projects and create quotes from contracts or projects.

Subcontract Management

Dedicated Subcontract Order Maintenance: Set up and manage subcontracts within the system, defining the scope of work for subcontractors.
Linking Subcontracts to Projects: Link subcontract lines and line items to specific project phases and cost codes.
Subcontract Claims Management: Process payments due to subcontractors using the Subcontract Claim Entry function. Includes retention management and cumulative claims management.
Multiple Billing Types for Subcontracts: Support for progress, fixed price, and quantity-based billing for subcontractors.
Integration with Accounts Payable: Generates AP invoices directly from approved subcontract claims.
Subcontract Revision and Variation Control: Manage changes to subcontract agreements.

Project Resource Management

Resource Forecasting and Allocation: Analyze current capacities and the ability to engage in new tenders, with visibility of potential risks to execution.
Resource Planning and Scheduling: Designed to produce operational plans considering resource identification, allocation, capacities, availability, and the project activity network.
Work Pack Planning and Prioritization: Facilitates the planning and prioritization of work packages within projects.
Demand vs. Capacity Visualization: Provides visualization of the demand versus capacity for a capability, allowing for quick assessment of various scenarios.
Integration with Kinetic APS: PRM Planning information cascades to the Kinetic Advanced Planning and Scheduling data definition.
Scenario Planning: Enables the comparison of current and proposed states to rapidly assess various scenarios for resource utilization.

Project Data & Analytics

Pre-built Reports and Dashboards: Access APM-specific reports and dashboards related to contracts, claims, and subcontracts, designed to surface key project information.
Real-time Visibility into Project Status: Dashboards provide data and metrics about the status of projects and are designed to incorporate standard PMBOK measures like Budget at Completion (BAC), Estimate at Completion (EAC), and Actual Costs (AC)
Key Performance Indicator (KPI) Tracking: Define and deploy KPI elements on dashboards, including the ability to track PMBOK-aligned KPIs such as Scheduled Performance Index (SPI) and Cost Performance Index (CPI)
Project Ledger Analysis: Enables the querying, searching, totaling, and reconciling of all project-related financial transactions, providing the underlying data for PMBOK metrics like Earned Value (EV) and Planned Value (PV)
Customizable Reporting: Leverage the Kinetic toolset to create custom dashboards and reports tailored to specific business needs.

Addressing Industry Challenges with APM

Advanced Project Management (APM) provides targeted solutions to the unique challenges faced by complex project-based manufacturing industries

See how APM can help your business thrive

Aerospace & Defense	Strict regulatory compliance and complex documentation requirements	Leverage APM's detailed cost tracking, comprehensive project ledger with full audit trails, and robust revision management for contracts and subcontracts. These features provide the essential documentation and traceability mandated by regulatory bodies.
Medical Devices	Stringent quality control and traceability of costs and materials	The system's ability to link supply chain transactions directly to the project cost breakdown structure guarantees complete traceability of all costs and materials, crucial for maintaining stringent quality control.
Industrial Machinery & Capital Equipment	Long lead times and managing cash flow during extended projects	Improve your financial outlook with APM's time-phased budgeting, enabling more accurate cash flow forecasting. Additionally, project accruals offer a clearer and more timely view of project performance and overall profitability throughout long-term projects, facilitating better financial management.

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Thousands of manufacturers 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.

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