Epicor Financials Reviews & Pricing
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What is Epicor Financials?
Industry Specialties: Manufacturing, Distribution, Retail, Service, Financial institutions.
Epicor Financials Pricing
Based on our most recent analysis, Epicor Financials pricing starts in the range of $10 - $100.
- Price
- $$$$$
- Starting From
- Undisclosed
- Pricing Model
- Per User, Monthly, Quote-Based
- Free Trial
- Yes, Request for Free
Training Resources
Epicor Financials is supported with the following types of training:
- Documentation
- In Person
- Live Online
- Videos
- Webinars
Support
The following support services are available for Epicor Financials:
- Phone
- Chat
- FAQ
- Forum
- Help Desk
- Knowledge Base
- Tickets
- Training
- 24/7 Live Support
Epicor Financials Benefits and Insights
Key differentiators & advantages of Epicor Financials
- Streamlined Financial Processes: Epicor Financials automates repetitive tasks such as invoicing and reconciliation, reducing manual errors and freeing up time for strategic activities.
- Real-Time Financial Visibility: With up-to-the-minute dashboards and reports, businesses can make informed decisions quickly, enhancing agility and responsiveness to market changes.
- Enhanced Compliance Management: The software supports adherence to various regulatory standards, such as GAAP and IFRS, minimizing the risk of non-compliance penalties.
- Scalable Solutions: As your business grows, Epicor Financials can scale with you, accommodating increased transaction volumes and expanding financial operations without a hitch.
- Improved Cash Flow Management: By providing insights into cash flow patterns, the software helps businesses optimize their cash reserves and improve liquidity management.
- Integrated Financial Planning: Epicor Financials facilitates seamless integration with budgeting and forecasting tools, enabling more accurate financial planning and analysis.
- Cost Efficiency: By reducing the need for multiple disparate systems, Epicor Financials lowers IT costs and simplifies financial management infrastructure.
- Customizable Reporting: Tailor reports to meet specific business needs, ensuring stakeholders receive relevant and actionable financial insights.
- Secure Data Management: With robust security protocols, Epicor Financials ensures sensitive financial data is protected against unauthorized access and breaches.
- Global Financial Management: The software supports multi-currency and multi-language capabilities, making it ideal for businesses operating in international markets.
- Enhanced Collaboration: By centralizing financial data, Epicor Financials fosters better collaboration across departments, leading to more cohesive financial strategies.
- Reduced Closing Time: Streamlined processes and automation reduce the time needed to close books at the end of financial periods, allowing for quicker financial reporting.
- Audit Trail Capabilities: Comprehensive audit trails provide transparency and accountability, simplifying the auditing process and enhancing trust with stakeholders.
- Improved Decision-Making: Access to detailed financial analytics empowers managers to make data-driven decisions that align with business objectives.
- Flexible Deployment Options: Whether on-premises or in the cloud, Epicor Financials offers deployment flexibility to suit diverse IT environments and business needs.
Industry Expertise
Epicor Financials Reviews
Based on our most recent analysis, Epicor Financials reviews indicate a 'good' User Satisfaction Rating of 72% based on 424 user reviews from 3 recognized software review sites.
424 reviews
Synopsis of User Ratings and Reviews
Based on an aggregate of Epicor Financials reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.
Pros
Cons
Researcher's Summary:
Is Epicor Financials truly an epic or just a financial fable? User reviews from the past year paint a somewhat complex picture. While Epicor Financials is generally lauded for its robust features and global capabilities, some users, particularly those in smaller businesses, find its complexity and cost to be significant hurdles.
A key strength highlighted by users is the software's comprehensive suite of tools, including accounts receivable, accounts payable, and electronic funds transfer, which streamline financial processes effectively. Its flexibility and scalability make it suitable for businesses of various sizes, and its multi-currency and multi-language support is a boon for companies with international operations. For instance, a user operating in multiple countries praised the software's ability to handle different currencies and tax regulations seamlessly. However, some users have pointed out a steep learning curve, particularly for those unfamiliar with sophisticated financial software. This complexity, coupled with the potentially high cost of maintenance, has led some smaller businesses to question whether Epicor Financials is the right fit for them.
In conclusion, Epicor Financials emerges as a powerful tool for businesses seeking a comprehensive financial management solution, particularly those with complex needs and global operations. Its strengths lie in its robust features, scalability, and global capabilities. However, smaller businesses or those seeking a simpler solution might find its complexity and cost prohibitive.
Key Features
- General Ledger: Provides a comprehensive financial management system with multi-currency and multi-company capabilities, allowing for seamless consolidation and reporting.
- Accounts Payable: Streamlines vendor management and payment processes, offering automated invoice matching and approval workflows to enhance efficiency.
- Accounts Receivable: Facilitates effective customer billing and collections, with tools for credit management and automated reminders to improve cash flow.
- Fixed Asset Management: Tracks and manages the lifecycle of fixed assets, including depreciation calculations and asset transfers, ensuring accurate financial reporting.
- Financial Planning and Analysis: Offers robust budgeting and forecasting tools, enabling data-driven decision-making through detailed financial modeling and analysis.
- Cash Management: Provides real-time visibility into cash positions, with tools for bank reconciliation and cash flow forecasting to optimize liquidity management.
- Tax Management: Simplifies tax compliance with automated tax calculations and reporting, supporting various tax jurisdictions and regulations.
- Multi-Currency Support: Handles transactions in multiple currencies, with automatic currency conversion and revaluation to facilitate global operations.
- Multi-Company Management: Allows for centralized financial management across multiple entities, with intercompany transaction processing and consolidated reporting.
- Compliance and Audit Trails: Ensures adherence to financial regulations with comprehensive audit trails and compliance reporting features.
- Integration Capabilities: Seamlessly integrates with other Epicor modules and third-party applications, enhancing overall business process efficiency.
- Customizable Dashboards: Provides user-friendly dashboards that can be tailored to display key financial metrics and insights, supporting informed decision-making.
- Role-Based Security: Offers granular access controls, ensuring that sensitive financial data is protected and only accessible to authorized personnel.
- Mobile Access: Enables financial data access and management on-the-go through mobile devices, supporting remote work and decision-making.
- Automated Workflows: Enhances operational efficiency with customizable workflows for financial processes, reducing manual intervention and errors.
- Real-Time Reporting: Delivers up-to-date financial reports and analytics, providing insights into business performance and facilitating timely decision-making.
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