Streamline Your Financial Processes

Prophet 21’s real-time general ledger provides up-to-the-minute financial statements so your business can stay flexible and agile:

• Respond proactively vs. reacting to unforeseen changes
• Eliminate labor-intense and inefficient month- and year-end closing processes
• Simplify complex transactions with multi-currency, multi-company, and flexible posting capabilities

The accounts receivable (AR) features within Prophet 21 allows you to keep on top of a variety of processes:

• Track your customers’ outstanding invoices and set alerts
• Access a history of past conversations
• Handle complex billing and tracking instances

Automatically assign accounts, create prioritized tasks for collectors, and automate customer communications for billing reminders and notices with Epicor Cash Collect. This cloud-based, SaaS solution uses a modern, browser-based interface to streamline formerly manual processes—freeing up resources while reducing the potential for errors and increased credit risks.

Prophet 21 streamlines your AP processes with integrated inventory receipts and purchase orders. Add Epicor ECM for even greater benefits:

• Automate data entry by capturing, classifying, indexing, and routing key data from scanned or imported documents using Intelligent Data Capture software
• Eliminate manual paper processes and save time with advanced workflow technology
• Empower your workforce to securely access content anytime, anywhere, from any modern browser

Rebates can be a hassle. Never again lose track of a rebate you earned, while allowing your sales and order entry staff to see proper gross margins and offer customers the appropriate pricing. With Prophet 21, each step—from negotiation to receipt and beyond—is recorded in real time and reflected in your general ledger and price schedules.

Save time managing sales tax compliance. Prophet 21 integrates with AvaTax to help you reduce risks and automate tasks during a busy time of year:

• Sales tax calculation
• Exemption certificate management
• Sales tax returns filing

Turn your distribution data stored in Prophet 21 into actionable insights with Epicor Data Analytics (EDA), powered by Phocas®. Non-technical users have instant access to data with just a few clicks, from easy-to-read dashboards to lightning-fast grids to detailed transactions. With deeper insights into current and historical data, you can grow your business by reducing costs, identifying new opportunities, supporting specific programs, and making quicker decisions.

Dimensional accounting, or the ability to set up unique reports for specific areas, will arm distributors with the financial data they need to make informed and strategic decisions across their organization. These reports can easily and efficiently view and use the GL to do reporting without the need to expand the chart of accounts. Dimensional accounting allows you to track the following dimensions: Sales rep, Order classes/Order types, Project/job, Order taker, or create your own.

Epicor Financial Planning and Analysis, or Epicor FP&A for short, is a robust FP&A solution which covers financial reporting & analysis, budgeting, planning, forecasting, and consolidation in a single, easy-to-use tool.

Here are samples of its rich capabilities:

• Baseline prompt when creating reports
• Powerful processing power for generating modifying, and updating reports
• Includes out-of-the-box reports and budget sheets
• Powerful drill functionalities