PERSPECTIVES 2010 — Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, today announced its Smarter Business Intelligence (BI) initiative that builds on the real-time, embedded and pre-packaged analytics delivered with the Epicor 9 next-generation enterprise resource planning (ERP) solution. The new initiative is designed to leverage the model driven service-oriented architecture (SOA) of Epicor ERP, as well as advanced analytic and cloud computing technologies offered by Microsoft to bring more valuable insights, predictability and performance guidance to businesses who are increasingly focused on effective organization-wide execution and growth through innovation.
“Epicor continues to be a leading strategic Microsoft partner, delivering innovative business applications leveraging Microsoft technologies and platforms,” said Bob Maher, Sr. Director at Microsoft Corp. “The development Epicor is doing around advanced, predictive analytics that will utilize SQL Server PowerPivot and the Windows Azure platform will help transform the way business users utilize the abundance of data inside their ERP systems, with the ability to model and analyze information rapidly for greater business insight.”
“Epicor continues to turn the traditional concept of business intelligence on its head, by taking it out of the hands of a limited number of analysts and technicians and letting all end users easily define, access and act on the information they need, wherever and whenever they need it,” said James Norwood, senior vice president, worldwide product marketing for Epicor. “Our smarter BI initiative is about delivering the right information to the right users at the right time based on their business role and their company’s business performance goals. It’s a unique new approach to comprehensive business insight.”
Smarter BI is for everyone — In-Context, Role-Based and Available Anywhere
According to a recent report by Forrester Research, Inc., “Business users are demanding self-service BI tools with which they can fulfill most of their reporting and analysis requirements with minimal or, preferably, no involvement from IT.” (“The State of Business Intelligence Software and Emerging Trends: 2010,” Forrester Research, Inc., May 10, 2010)
Smarter BI begins with this sentiment in mind and is founded on role based and deeply embedded analytics that are increasingly delivered in-context to the task at hand, and are easy to create, deploy and access by end users. This is in stark contrast with traditional BI systems that often stand apart from the application and business context and require IT specialists to configure and run. Epicor ERP offers a variety of end user focused tools as standard including business activity queries (BAQ), operational reporting and role-based dashboards that can be mashed up with more advanced analytics to create powerful composite applications on the Web, within Microsoft SharePoint or on mobile devices securely, easily and without recourse to IT resources.
Smarter BI Means Better Business Insights — Comprehensive Packaged Content puts Users in Control
Epicor Enterprise Performance Management (EPM) Server and EPM Performance Canvas combine to deliver an end-to-end analytics platform that offers plug and play operational data store, OLAP cube creation and management, and rich data visualization of key metrics and trends selected by users. The key value to the Epicor EPM platform is provision of pre-packaged industry analytics that remove the need for additional IT involvement. With more than 40 cubes defined within Microsoft SQL Server Analysis Services offering over 400 business metrics backed by more than 1600 dimensions and 800 measures, users are empowered to gain broad insights from every part of the business. Furthermore, with wiki-based search technology and full mobile deployment appearing within Epicor EPM Performance Canvas business insight becomes easier to find, share and understand.
Smarter BI Delivers Fast Results — From Reporting to Budgeting to Planning
Building on the Epicor EPM platform, Epicor plans to deliver a series of advanced analytic applications to deliver broad financial reporting, budgeting, planning and modeling capabilities to business.
The first of these, Epicor Advanced Financial Reporting (AFR) was delivered with Epicor 9.05 earlier this year. Designed for business users, AFR builds upon Epicor Financial Management applications to meet the comprehensive needs of global organizations for advanced financial reporting. Created in the post Sarbanes-Oxley world, Epicor AFR is the first next-generation financial reporting tool that fits the growing financial needs of today’s accounting professionals. Epicor AFR is a strong automated finance solution that offers robust, global financial visibility and regulatory reporting — to improve accuracy and ensure the integrity of an organization’s financial data.
Currently in development, Epicor Advanced Financial Planning (AFP) is a new Microsoft Windows Azure based service that will offer financial budgeting and extensive operational modeling versions, and is expected to leverage Microsoft’s new in-memory and data discovery analysis tool, PowerPivot for comprehensive modeling of extended and larger data volumes. Once again, designed for easy access and update by business users based on their tool of choice, Epicor AFP is expected to offer Windows, Web, Mobile and Microsoft Office user experiences as well as cloud and on-premise deployment options.
Both applications are created with Epicor ICE Business Architecture, which allows extension through Epicor True SOA(TM) for use with other Epicor and non-Epicor products.
Smarter BI Aligns Operations with Strategic Goals — Actionable Analytics Leave Nothing to Chance
The last aspect of the new initiative is designed to offer businesses of all sizes access to actionable forward looking analytics and key performance indicators (KPI), previously the domain of larger enterprises with more elaborate IT budgets. By combining the Epicor EPM platform with Epicor business process management (BPM) and Epicor Best Practice models, a complex processing engine that enforces analytic integrity alongside existing transactional integrity rules and directives can be achieved.
Currently in development, Epicor will tie its best practices models and return on investment (ROI) calculations — effectively combining years of market analysis, industry research and implementation experience — with its EPM and BPM subsystems to deliver actionable analytic KPIs, to help deliver real-time guidance based on strategic performance goals. Along with delivering a balanced scorecard of metrics reflective of what a company is trying to achieve, the new actionable analytics will provide near real-time updates around what-if scenarios of actual versus plan, and communicate and apply forward looking business rules based on every day operational activity.
According to Gartner, Inc., “When BI and analytic capabilities are integrated into business processes, decisions are more traceable, accurate, repeatable and scalable. So, it is important that any BI and analytic investments support decision making in the context of business processes.”(1)
Epicor expects its new smarter BI initiative to help businesses establish a culture of high performance where all stakeholders are aware of what’s important to the company, how the company is tracking, and where their work fits in to the big picture. It’s all about aligning devices, tools and the most efficient processes to end users, and each of the currently available or planned Epicor applications and tools within the initiative are designed to do just that — align business processes with business performance goals for maximum business benefit.
(1)Source: Gartner, Inc. “Performance Management: Top Processes and Key Performance Indicators” by Nigel Rayner (1 March 2010)
About Epicor Software Corporation Epicor Software is a global leader delivering business software solutions to the manufacturing, distribution, retail, hospitality and services industries. With 20,000 customers in over 150 countries, Epicor provides integrated enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM) and enterprise retail software solutions that enable companies to drive increased efficiency and improve profitability. Founded in 1984, Epicor takes pride in more than 25 years of technology innovation delivering business solutions that provide the scalability and flexibility businesses need to build competitive advantage. Epicor provides a comprehensive range of services with a single point of accountability that promotes rapid return on investment and low total cost of ownership, whether operating business on a local, regional or global scale. The Company’s worldwide headquarters are located in Irvine, California with offices and affiliates around the world. For more information, visit www.epicor.com.
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Epicor is a registered trademark of Epicor Software Corporation. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.
FORWARD-LOOKING STATEMENTS: This document includes descriptions of product functionality that is not presently available. This press release contains certain statements which may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding future product releases, growth prospects, and the direction and launch of future functionality and other statements that are not historical fact. These forward-looking statements are based on currently available competitive, financial and economic data together with management’s views and assumptions regarding future events and business performance at the time the statements are made and are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements. Such risks and uncertainties include but are not limited to changes in the demand for Epicor’s products; the timely availability and market acceptance of new products and upgrades; the impact of competitive products and pricing; the discovery of undetected software errors; changes in the financial condition of Epicor’s customers; and other factors discussed in Epicor’s annual report on Form 10-K for the year ended December 31, 2009 and quarterly report on Form 10-Q for the quarter ended June 30, 2010. As a result of these factors the business or prospects expected by Epicor as part of this announcement may not occur. Epicor undertakes no obligation to revise or update publicly any forward-looking statements.