Boost Business Efficiency

Equip your finance team with secure, cloud-based global financial management tools.

The Essential Financial Core for Every Business The Epicor Financials Core package delivers all the essential financial capabilities your business needs to effectively manage financial activities. 

Key Areas 

• General Ledger (GL) 
• Accounts Payable (AP) 
• Accounts Receivable (AR) 
• Multiple books as your business needs 
• Dynamic accounting codes and segments 
• Built-in automation and reporting 

Features

• General Ledger - General Ledger provides your business with the accounting controls and system security necessary to help ensure the integrity of your company’s financial data. It processes and posts all accounting transactions created throughout the Epicor applications, as well as entries made directly within the ledger.    - Epicor’s General Ledger system empowers your organization to operate efficiently, ensuring compliance with fiscal regulations and supporting strong corporate governance. It provides the critical information and controls needed to drive superior enterprise performance.   - The advanced allocations feature enables precise distribution of costs and revenues across multiple projects, departments, or locations, ensuring accurate financial management within your corporate structure.  - General Ledger in Epicor Financials includes:  - Rules-based posting engine  - Configurable tax engine  - Legal numbering engine  - Multicurrency engine - Rounding engine  - Chart of Accounts  - Dynamic segments  - Reporting Currency  - Multiple Closing Calendars  - Calendar Adjustment for Period Balance Controls  - Consolidations and Eliminations  - Financial Report Designer (FRD)
• **Accounts Payable: **Accounts Payable streamlines your financial operations by allowing you to enter supplier invoices for purchases and create payments for selected invoices. The system can generate payments for all due invoices, specific suppliers, or individual invoices. It also updates purchase orders and actual job costs, with the flexibility to make adjustments if there are discrepancies between the purchase price and the invoiced amount.  - Accounts Payable also includes:  - Supplier tracker  - Supplier statements  - Bank Statement Workbench  - AP Terms and Conditions  - Recurring entries  - Deferred expenses - Voided numbers  - Adjustment transactions - Purchase Management  - Online cost updates  - Exchange rate at payment entry; - Multiple remit-to  - Three-way match  - Petty Cash: This module offers comprehensive controls and functionality to efficiently manage cash flow, including all types of transactions, employee expenses and advances, supplier payments, and customer receipts.  - Multiple Payment Instruments: Efficiently manage various credit instruments, including promissory notes and postdated checks, by tracking their status from initial issuance or receipt to final clearance or settlement. Monitor the movement of these payment instruments and generate status updates within the Accounts Payable and Receivable applications. These updates are reflected in the General Ledger, ensuring accurate recording of the financial status of assets and liabilities.  - Automated Clearing House (ACH): Automate your cash flow management between your bank and those of key suppliers and customers with Electronic Fund Transfers (EFT) through ACH, significantly reducing check fraud. Epicor Financials supports standard domestic and international formats, as well as Wells Fargo formats. It integrates seamlessly with Positive Pay capabilities, supporting systems like Bank of Boston, Chase, Fleet, Union Bank, and Wells Fargo. Easily customizable standard formats and support for Direct Debit operations and the Epicor Kinetic Payroll module further enhance your financial operations.  - Positive Pay: Protect your business from altered or fraudulent checks by ensuring that each check presented for payment matches the account number, check number, dollar amount, issue date, and sometimes the payee’s name against a list of checks previously authorized by your company.  - MICR Check Printing: Enhance your check printing process with Epicor Financials. Print MICR lines, company logos, and electronic signatures directly onto blank check stock, eliminating the need for preprinted check stubs. This functionality saves you money on bulk printing fees and costly preprinted check paper. 
• **Accounts Receivable: **Streamline your financial operations with Accounts Receivable within Epicor Financials, offering a comprehensive suite of tools to manage invoicing, credit, cash, and customer needs. The automatic invoice creation through the order release process reduces manual work and errors for your operations. With this, you can gain clear insights into customer purchasing behaviors and payment timeliness.  - Accounts Receivable also includes:  - Debit Notes (Chargebacks)  - Invoice Logging and Numbering  - User-friendly invoice and customer tracker  - Credit Manager Workbench  - Aging Information and Customer Reminder - Automatic Finance Charges  - Interest invoices - Bill-To Customer  - Manual Selection of Invoices - National Accounts (HQ Accounts)  - Flexible Tax Engine  - Settlement Currencies   - Settlement Discounts    - Terms and Conditions  - Electronic Report Formats and Transmission  - Cash receipts  - Invoice GL account definition  - AR transaction adjustments  - Deferred revenue  - Consolidated invoicing  - Automatic credit holds - Invoice/statement forms  - Invoice-based sales commission payment  - Multi-format sales analysis  - Cash management interface  - Deferred Revenue Accounting: Automatically recognize revenue only when the earnings process is complete by creating revenue recognition schedules from AR invoices. Access detailed reports for deferred revenue forecasting and reconciliation, ensuring accurate financial management.  - Lockbox: Streamline your cash receipt process with this module, which transfers cash receipts from bank files directly into Epicor Financials Accounts Receivable. Easily map bank-provided fields to the required fields in Epicor Financials, configuring the module to meet your specific needs without further customization. Additionally, Lockbox supports multiple layouts, accommodating various banks and lockboxes with different layout requirements. 
• **Epicor Business Process Management (BPM): **BPM provides real-time, event-driven workflow orchestration, process automation, and application integration without requiring programming. This flexible tool supports continuous improvement initiatives like Lean and Six Sigma, making your software more agile. Easily build and manage your business rules at a business level, enhancing operational efficiency. 
• **Business Activity Query (BAQ): **Empower every user with Epicor Kinetic’s intuitive query management tool. Easily create, modify, and share data queries with the help of a built-in dictionary that connects related tables. Effortlessly aggregate, group, filter, and export data to Microsoft® Excel®. Updatable BAQs allow for real-time data changes in the live database. Even non-technical financial experts can leverage these user-friendly BAQs for sophisticated data management. 

Benefits

• **Enhancing Financial Operations with Core Modules: GL, AR, AP: **Leveraging our industry expertise, this modern financial management solution equips you with essential tools to automate and integrate your company’s financial operations, scaling effortlessly as your business grows. From managing invoices and payments to automating processes, Epicor Financials Core provides you with complete control and visibility over financial transactions and processes, no matter the size of your company.  - Achieve financial visibility and effective controls - Get access to real-time data anywhere at any time  - Jumpstart your Financial Management effortlessly  - Expand the Financials Core system with capabilities your business needs 
• **Tailor Financials Core to Meet Your Unique Finance Needs: **Tailor Epicor Financials to your business needs with user-friendly tools for accounting, allocations, currencies, legal numbering, rounding, taxes, and more. Customize workflows with intuitive web-based interfaces and maintain your customizations through seamless cloud upgrades.  - Easy-to-configure posting engines  - Enhanced allocation mechanisms  - Customizable application screens  - Configurable business process workflows  - Self-service, easy-to-share data queries  - Customizable home screens with real-time charts and dashboards 
• **Build Your Financials on a Modern Framework: **Epicor Financials is built on a foundation of user-friendly, web-enabled, and customizable application screens, complemented by powerful built-in reporting tools. Its robust cloud infrastructure ensures seamless updates, keeping you always on the latest version. - Web-based, mobile-device ready, customizable screens  - Powerful cloud architecture with regular, scheduled cloud upgrades  - 20+ Built-in financial management modules  - Integration to 1000+ external services