Modules

Modules > Financial Management

Financial Management

Accounts Receivable (AR) allows you to bill your customers as orders are shipped, and then track payments as they are received. Because you can specify the creation of invoices through the order release process, you can reduce billing for a different quantity than was actually shipped. Customer invoices may be previewed, printed on laser or continuous preprinted forms, faxed, or e-mailed directly to your customer. With Accounts Receivable, you will know who is buying what, and who is paying their bills on time.

Global Engines

Epicor Financial Management is built around a series of unique global engines, which in turn support the global nature of business today, enabling effective operations in existing and new markets as necessary. As your business is extended through a combination of organic growth and mergers and acquisitions, it can become challenged by complex and demanding global financial and regulatory burdens—demands
that you must adapt to instantaneously. At the heart of the Epicor solution, Epicor global engines are designed to add accounting agility and flexibility to your business while simultaneously allowing you to meet the local financial and legal compliance requirements of individual markets.

• Posting Engine
• Tax Engine
• Legal Numbering Engine
• Multicurrency Engine
• Rounding Engine

General Ledger

Epicor General Ledger (GL) is the heart of Epicor Financial Management, processing and posting all accounting transactions created throughout Epicor applications, as well as entries made directly within the ledger. While it is seldom accessed outside of the accounting and tax departments, the General Ledger’s impact is felt throughout an entire enterprise. The
information and controls which flow from the General Ledger system enable an organization to operate efficiently, comply with fiscal regulations, underpin strong corporate governance, and drive enterprise performance. General Ledger provides the accounting controls and system security necessary to help ensure the integrity of your company’s financial data.

• Multiple Books
• Chart of Accounts
• Balance Controls
• Consolidations and Eliminations
• Financial Report Writer
• Validation Rules
• Post-Year-End Transactions and Adjustments
• Inter-Company Journals
• Account Tracker
• Flexible Posting Periods
• Budgets
• Statements
• Allocations
• Microsoft Management Reporter

Accounts Payable

Accounts Payable (AP) allows you to enter supplier invoices for purchases that you make, then create payments for the invoices you want to pay. The system can generate payments for all invoices due, those for a particular supplier, or only for specific invoices. If a supplier calls you to discuss an invoice,
you will have complete information at your fingertips and that history can be kept indefinitely. Accounts Payable allows you to update both purchase orders
in Purchase Management as well as actual job costs.
Adjustments are created if the purchase price does not match the invoiced price. With Accounts Payable, you will know how much you owe and when it is due.

• Invoices, Debit Memos, Payments
• Recurring Entries
• Future-Dated Payments
• AP Terms and Conditions
• Voided Numbers
• Checks
• Online Cost Updates
• Exchange Rate at Payment Entry
• History
• Supplier Tracker
• General Ledger Interface
• Cash Management Interface
• Purchasing Variance
• Three-Way Match
• Electronic Funds Transfer (EFT)

Accounts Receivable

Accounts Receivable (AR) provides a comprehensive set of tools to manage your invoicing, credit, cash management, and customer management needs. Because you can specify the creation of invoices through the order release process, you can reduce billing for a different quantity than was actually
shipped. With Accounts Receivable you know who is buying what, and who is paying their bills on time.

• Invoice Entry
• Cash Receipts
• Debit Notes
• Interest Invoices
• Adjustments
• Future-Dated Payments
• Consolidated Invoicing
• Invoice Logging
• Credit Holds
• Aging Information and Customer Reminder
• Finance Charges
• Bill-To Customer
• Manual Selection of Invoices
• Credit Manager Workbench
• National Accounts (HQ Accounts)
• Taxes
• Tax Regimes
• Sales Tax Register
• Invoice/Statement Forms
• Sales Commissions
• Sales Analysis
• Credit Card Management and Authorization
• Settlement Currencies
• Settlement Discounts
• Terms and Conditions
• Electronic Report Formats and Transmission
• Customer Tracker
• Invoice Tracker
• General Ledger Interface
• Cash Management Interface

Rebates

The optional Rebates module provides you with a way to enter, update, and review any rebate program that your company runs with your customers. The module lets you accumulate rebates and pay a designated sold to customer, bill to customer, or another designated customer. These rebate amounts are based on part and product group sales during a
specified date range. Use this module to define the active rebate programs for your company. You can then generate the rebate transactions. Lastly, this functionality lets you pay the rebate amounts to your customers through either an invoice check or a credit memo.

• Generate Rebate Transaction Process
• Get Rebates
• Rebate Contract Entry
• Rebate Transaction Adjustment
• Tracker Programs

Tax Connect

Sales tax is a government-required, compulsory activity. It doesn’t drive revenue and it doesn’t reduce expenses. So any time or money spent on tax compliance is, by nature, nonprofitable. There are more than 12,500 United States and Canadian tax jurisdictions alone and the rates, rules, and
boundaries change relentlessly. Keeping up with all of the tax changes is an operational distraction and a drag on the efficiency of your organization.
Epicor Tax Connect eliminates the tedious work and
complexity of determining sales tax jurisdictions of
ship-to addresses, maintaining tax codes and rates, and dealing with jurisdiction-specific and commodity-specific taxation rules. Tax Connect also provides for automated generation of sales tax returns and
currently supports the United States and Canada.
Epicor Tax Connect is offered as a software as
a service (SaaS), on-demand address validation
, sales tax calculation, and sales tax reporting and returns generation.

• Activation
• Notifications
• Real-Time Tax Calculations
• Tax Solution Integration
• Verify Customer Addresses

Cash Management

Improve cash management through the automatic handling
and reporting of discounts available, payment due dates, and
payment selection methods.

• Bank Accounts
• Soft Formats for EFT
• Bank Reconciliation
• Bank Reconciliation -
  Automatic Reconcile
• Cash Flow Dashboards

Credit Card Processing

Epicor Credit Card Processing is an optional global solution
that integrates with industry-leading Credit Card Processing
solutions for managing credit card authorization,
and processing.
Epicor Credit Card Processing also implements the security
guidelines as specified in the Payment Card Industry Data
Security Standard including securely encrypted account
numbers and key management.
Epicor Credit Card Processing includes easy to use
maintenance for initial setup along with a variety of
integration points to bring an easily deployable solution to
your business.

• Integration with Industry-Leading Providers
• Supports Industry Standards to Reduce Fraud
• Payment Card Industry Data Security Standard
• Credit Card Number Encrypted
• Secure Online Credit Card Authorization
• Credit Card Number Validation
• Credit Card Format Validation
• Flexible Configuration
• Transaction Flexibility
• Reauthorize Reservation Transactions
• Transaction Reports
• Credit Card History

Multicurrency Management

Multicurrency Management automates the process of both buying, and selling in foreign currencies. With tracking of default currencies as well as extensive exchange rate tables, manual transactions are reduced. Lock transactions in at a specified rate with automatic gain or loss reporting, reducing
the guesswork from handling foreign transactions.
Throughout Epicor, the currency symbol is displayed notifying the user of the currency being used.

• Revaluation Options
• Currency Tables
• Exchange Rates
• Gain/Loss
• Reporting
• Bank Accounts
• Customer Price Lists
• Quotations
• Customer Orders
• Service Contracts
• Invoicing
• Cash Receipts
• Supplier Price Breaks
• Purchase Orders
• Accounts Payable
• Base Check Box

Multicompany Management

Whether through acquisition or organic growth, more and more companies are wrestling with the complexities of managing multiple business entities. Epicor understands that managing disparate business units offers unique challenges and opportunities with respect to consolidation for tighter control and reduced operational cost, enterprise-wide visibility,
inter-company supply chain management, and financial consolidation. Epicor Multicompany Management capabilities can assist your business in consolidating operations such as procurement and accounts payable as well as offer enhanced
tools to improve operational visibility across companies. Automation of inter-company financial transactions as well as financial recognition optimizes enterprise performance to
shorten lead times on key product lines. Additionally, from a
financial perspective, multicompany organizations may choose
to not only report as individual entities but also consolidate
multiple currencies and report across business entities to a
single consolidation company.

• Global Customers, Parts, and Suppliers
• Credit Checking
• Forecasts
• Unique Accounts
• Centralized Payment
• Consolidated Purchasing
• Financial Consolidation
• Multiple Currencies
• Global Supplier Price Agreements
• Multicompany Journal Entry
• Inter-Company Trading
• Inter-Company Eliminations
• Sub-Component Security
• Virtual View
• Unlimited Hierarchy
• Scalable Deployment

Fixed Asset Management

Effective asset management is a critical business requirement. Fixed Assets helps you record, track, and depreciate your fixed assets for optimal utilization.

• Save Time
• Simplicity
• Easily Manage Mid-Year Changes
• Flexible Charging
• General Ledger
• Comprehensive Asset Definition

For further information, please contact us at (852) 2581 9373 or email at salesenquiry@polyasia.com

For the product details, please refer to the official web page of Epicor Software Corporation at http://www.epicor.com