Reporting and Budgeting as a Service for a Faster Close in 2019

For two decades now, Epicor Financial Planner (EFP) has been helping businesses extract critical business insights from their data.

EFP rises to the challenge of most companies which is to support the aggressive and global nature of business growth while still supporting the decision-making process of the senior leaders in the most efficient way.

Almost all the clients of EFP come across the software because of the problems they encounter during their financial close process. Most CFOs that have invested in EFP shared that they are completely blinded during their financial close process. It is hard for them to have good visibility on key processes and it is hard for them to truly pinpoint the bottlenecks as well making remedies to it an even bigger challenge.

For most finance departments, much of their time is spent on chasing and verifying numbers as well as trying to manually track the entire process and if your aim is to make 2019´s financial close faster and more efficient than that of 2018´s, EFP might be the right solution for you.

  • Natively Integrated
    One of EFP´s strength lies in its deep ability to integrate with other systems. EFP integrates with Epicor ERP, Epicor Enterprise, iScala, and many other non-ERP systems which makes task management, journal entry, connectivity, and analysis easier.
  • Intelligent Automation
    An effective way to expedite financial closing is to automate parts of the financial close processes. EFP offers not only drag and drop reporting which makes creating reports from scratch faster, it also allows its users to take advantage of the over 30 report templates in the system. When it comes to budgeting and forecasting, copying figures from previous years can be done in a simple click and comparing budgets vs actuals is also instantaneous. To add to that, tasks like intercompany eliminations, journal entry postings, and reconciliations among other things are automated.
  • Pre-packaged Leading Best Practices
    What EFP basically offers are leading global best practices in the financial planning and analysis arena delivered through pre-packaged finance logic such as cash flow, CAPEX, OPEX, etc. Smart and pragmatic workflow as well as standardization of business rules are also enforced in the system allowing for a more efficient and consistent way of working.
  • Flexibility
    EFP offers consistent controls and calculations across the entities but it is also built to handle several layers of complexities of having multiple entities, multiple systems, multiple currencies, and varying processes without requiring deep and complex customization of the software.
  • Cloud
    All these improvements in the entirety of the process are performed in the cloud so that you can enjoy the benefits of affordability, global access, role-based security, automatic updates and patching, as well as advanced cloud capabilities.

By implementing Epicor Financial Planner in 2019, you can move away from manual, error-prone, time-consuming processes to hopefully turbocharge the value the finance team can bring to the organization.

This reporting and budgeting cloud platform will not only increase overall transparency and accountability, it will ensure a faster and a more effective financial close process.

Uncertain about how it works? Request for a free 30-day trial today by contacting info@dspanel.com or by contacting your Epicor Account Manager today. You can also visit www.dsp.se for more information.

 

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