Epicor has released numerous feature enhancements, bug fixes, and improvements. Below is a breakdown of each of those release updates that Epicor users can leverage as part of this Epicor Financial Management tool.

  1. Improved Speed on Copy Paste from Excel
    • The speed for copy-pasting from Excel to spreadsheets took longer for select users. The speed for performing copy paste has therefore been significantly improved.
  2. Improved Value formatting for Journal Entry lines
    • Value formatting for journal entry lines has been improved for an enhanced user experience.
  3. The improved Load speed of Organization & Workflow
    • For select users, loading organization & workflow took a few minutes. We have improved the load speed of the organization & workflow to aid in a faster way of working.
  4. Default measure automatically set for New Calculation
    • This was an enhancement request by some EFP subscribers where the default measure must always be automatically set for the new calculation to avoid delays in starting new calculations.
  1. Sums not shown in drill down
    • Sums are now shown correctly in drill down.
  2. Adding a new account to the input sheet
    • For select users, Adding Account was disabled in input sheets. This has now been fixed and the addition of accounts works as it should.
  3. Can ́t post when the difference is zero
    • For select instances, the posting was disabled when the difference was zero. This has now been fixed.
  4. Workflow & Assignment level & data access scroll issue
    • For select instances, there were scroll and data access issues in the assignment and workflow part. The scroll bar has now been fixed to work as it should.
  5. Missing values in variable margin bar line widget
    • The dashboard chart has been fixed and now shows the correct values.

For more information on this Epicor Financial Planner product release or other Epicor Kinetic Financial Management tools, reach out to Encompass using the Contact Us button below.

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.


Epicor Financial Planner (EFP) is a robust, financial budget planning solution, featuring a web-based interface as well as an Excel add-in, integrated with both Kinetic on-premises and cloud-deployed systems. EFP offers a workflow-based, online collaboration for budget planning, consolidated reporting, drill-downs, and more. Watch this 3-minute overview video on EFP highlighting the key capabilities.

 

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About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.


The financial challenges that businesses face can be difficult to overcome without the right person at the helm. A fractional CFO or similarly-qualified financial consultant may deliver the results and value to help your organization succeed. Maybe a full-time financial leader does not make sense for your business or you need support while searching for the right individual. In any case, a fractional CFO or similarly qualified financial consultant may deliver the results and value required to help your organization succeed in a fiscally-healthy, responsible, and sustainable way.

What a Fractional CFO Does for Your Business

While a highly organized person may be able to step into an operational leadership position or a persistent and detail-oriented person can excel in marketing and sales, financial leadership is a unique skill set.

Optimizing cash flow, maximizing growth and profitability, and ensuring the financial stability of an organization are just some of the essential services a fractional CFO can provide. However, a full-time CFO can be tough to justify in terms of cost or it may be difficult to find the right individual to not only make the best financial decisions for your company but also has deep knowledge of and experience in your particular industry.

Whatever the reason a full-time CFO may not make sense for you at this point, Encompass has consultants to provide the experience and expertise you need at a fraction of the cost of an in-house CFO.

Specialty Financial Consulting Services

As a provider of financial leadership consulting, Encompass consultants can strategic expertise to help you better understand and outline your financial goals, ensure your business stays on course to achieve those goals, and excel in a competitive industry.

Partnering with Encompass ensures your business will have a qualified representative leading your financial department to satisfy the most essential functions of a financial department. These services include but are not limited to:

  • Financial Strategy, Planning, and Management
  • Financial Analysis, Planning, and Forecasting
  • Financial Regulation and Compliance
  • Accounting, General Ledger, Administration, and Operations
  • Financial Management > Financial Relations and Policies
  • Cash Management – Cash Flow Analysis/Financial Position Analysis
  • Automation and Process Improvement
  • Financial Technology and Solution Evaluation
  • Financial Strategy Alignment in preparation for, as part of, or following ERP implementation
  • Report Development beyond the initial Balance Sheet and Income Statement created in XLConnect
  • Booking Journal Entries as needed to record Reconciliation differences or reclassifications
  • Financial Statement preparation and review
  • Discussions regarding General Accepted Accounting Principals (GAAP)
  • Month and Year End processes
  • Clean up old and new accounting issues
  • Account reconciliations and analysis

A modern business requires modern tools to maintain a competitive edge. An ERP solution or other business management system will empower your business to address the needs of financial strategy and stability. Our financial professionals work within these systems daily to ensure our client’s financial goals are aligned with their internal processes, and regulations, satisfy the financial compliance requirements of all jurisdictions in which they conduct business, and are liable for financial reporting and payments to which they are subject.

Partner with an Encompass Fractional CFO or Financial Consultant

If you are ready to have a conversation about the financial leadership needs of your business, we’re standing by to help.

Contact us today to learn how Encompass can help position your financial activities and policies on the path to success.

You can download the financial services summary in a sharable format (PDF) below.

Fractional CFO Services

 

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About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.


Epicor Software Corporation drives business growth. We provide flexible, industry-specific software that is designed around the needs of our manufacturing, distribution, retail, and service industry customers. More than 45 years of experience with our customers’ unique business processes and operational requirements are built into every solution—in the cloud, hosted, or on-premises. With a deep understanding of your industry, Epicor solutions help spur growth while managing complexity. The result is powerful solutions that free your resources so you can grow your business.

 

Epicor-Enterprise-Resource-Planning-Catalog-BR-ENS

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.


Many of today’s manufacturers are experiencing growth and increased production. Volume is steadily rising for many, and manufacturers are often dealing with how to meet increasing demand.

With your manufacturing operations already running close to capacity, some of the traditional ways of gaining new capacity are to make large capital investments or to outsource some of the new manufacturing demand. These are challenging tactics, because getting new resources in line will take time, and there’s no guarantee that the numbers will continue to climb.

However, you do have a third option. You can meet increased demand by freeing up needed resources within your current operations. The key is having access to real-time manufacturing information and using it to identify areas of improvement within your existing operations.

 

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About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.


The Food and Drug Administration’s Code of Federal Regulations Title 21 Part 11 (FDA 21 CFR Part 11) helps streamline compliance with a wide range of FDA regulations by supporting FDA-regulated industries in their efforts to submit necessary documentation in an electronic format. In particular, 21 CFR Part 11 provides regulations that enable manufacturers to use electronic records and signatures in a manner equivalent to paper-based records and handwritten signatures.

This regulation specifies that to use electronic records and signatures, companies must meet four conditions. They must validate the software and systems used to create and maintain electronic records, provide secure access to those records to maintain confidentiality and data integrity, hold individuals accountable for their electronic acts about electronic documents, and ensure that electronic signatures cannot be repudiated. However, the FDA does not specify how companies must address these requirements—rather it provides a set of guidelines based on common sense and good workflow processes.

This whitepaper describes the requirements for FDA 21 CFR Part 11 compliance at a high level and discusses how Epicor enables FDA-regulated manufacturers to fulfill these demands. Because Epicor builds the necessary capabilities into its products, implementation is fast, easy, and comprehensive.

 

Epicor-ERP-Enabling-21-CFR-WP-ENS

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.


Value Added Tax (VAT) is a relatively straightforward tax that is simple to comply with, is generally free from economic distortions, and is neutral to changes in trading and distribution patterns. From a government perspective, the introduction of VAT has advantages. It is inflation-neutral, a reliable generator of income, and applies to a broad base consisting of goods, services, real property, and intangibles, as well as being a proven system adopted in many countries globally. For these reasons, VAT is a good option to ensure that there is sufficient funding for public spending should oil and gas revenue fall significantly without non-oil public revenue rising to cover the shortfall.

 

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About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.


In today’s business environment, manufacturers need the flexibility to adjust their metrics to adapt to current market conditions — not spending time looking in different places to get basic reports on the status of business operations. Introducing: Epicor Data Analytics (EDA) Financial Statements powered by Phocas, the first-ranked vendor for many KPIs across all of its peer groups. EDA Financial Statements allows for timely, accurate, and accessible financial reporting.

 

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About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.


Accounts receivable is one of the largest business assets and the most accessible source of working capital. Yet most businesses fail to manage receivables effectively—resulting in back office inefficiencies, higher Days Sales Outstanding (DSO), and slower cash flow. Every $1 million in sales may potentially cost a business $40,000 annually in interest. Diminish the risk of bad debt write-offs with a more strategic credit and collection approach.

Epicor Cash Collect scales up your AR collections capacity, with most companies realizing a 20% reduction in past due receivables, meaning they are paid an average of 9-12 days faster.

 

Epicor-ERP-Cash-Collect-FS-ENS

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.


Connect from anywhere, reduce your IT burden, and leverage industry best practices with Epicor ERP on the Microsoft® Azure® cloud platform. Go with the standard model or choose among options to defer upgrades, comply with ITAR, or add environments. Embedded Education keeps your team productive with short, contextual training videos right when needed

 

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About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.