Industry experts note economic recovery is on the way, as according
to AMR (recently acquired by Gartner, Inc.), "The outlook for
capital spending is improving, with modest growth for IT spending
anticipated in 2010."(1) Today, Epicor Software Corporation
(NASDAQ: EPIC) is ready to help organizations take advantage of the
changing economic tide with a new major release of its
next-generation enterprise resource planning (ERP) suite. The new
offering, Epicor 9.05, delivers substantial capabilities focused on
cost reduction, process improvement and customer responsiveness --
stated top priorities toward achieving business recovery and
growth.
According to a recent report by Forrester Research, Inc., based
on survey respondents in North American and European small and
medium-size businesses (SMBs), the top business goals for these
organizations are cost reduction and recovery from the downturn.
"Similar to large firms, SMBs consider cost reduction in their core
business to be a No. 1 priority. Execution speed in business
processes such as shortening the time of order-to-cash processes
follows cost reduction as a top priority for future business
growth." (Forrester Research, Inc., "The State of SMB Software and
Emerging Trends: 2010," Feb. 12, 2010)
The new release -- available today in more than 50 countries,
representing 65% of the world's economy -- delivers functional
improvements, enhancements and new modules across every suite
within the solution, including Epicor ICE business architecture.
Every new capability has been considered in terms of the industries
Epicor serves and their need for better expense management and
heightened customer responsiveness and service.
The latest release builds upon Epicor 9, which continues to be a
huge success with over 140 customers live and more than 35,000 user
seats shipped worldwide. Manufacturers, distributors, financial
institutions, service firms and retailers globally enjoy its ease
of use, ability to adapt to business and industry-specific
requirements, and scale as an organization expands or changes, and
ultimately grows. With the new major release of this award-winning
solution, Epicor will offer more businesses in more countries the
opportunity to benefit from the power of its dynamic, collaborative
platform for achieving business process improvements and truly
integrated view of the business and value chain.
"As we begin to emerge from the economic challenges of the past
two years, we're seeing a conservative 'maximize efficiencies,
minimize expenses' philosophy in the markets we serve," said James
Norwood, senior vice president, worldwide product marketing for
Epicor. "Our new release is designed to enable customers to target
these often competing mandates allowing them to focus on areas of
opportunity, helping them to quickly realize tangible and
sustainable results in their business on the road to recovery.
Quite simply, we believe it is the right release for the right time
in the market."
Empowering Business with Industry-Specific
Functionality Epicor has extended industry-specific
capabilities for companies in manufacturing, distribution,
financial services, construction and engineering, and project-based
organizations within the new release. For instance, for
manufacturers and distributors, the introduction of lean
performance metrics, enhanced quality assurance, and a real focus
on both inbound enterprise asset management and outbound
aftermarket mobile service management are just a few areas that
have been introduced.
Broadening the reach into the services sector, strong new
capabilities in the areas of project management and accounting are
expected to significantly assist businesses involved in government
contracting work, and related professional services. All the
industry enhancements are designed to help companies focus on the
customer and manage costs utilizing Epicor ERP in their day-to-day
operations.
Powerful, Measurable Global Financial
Management Building on its already comprehensive Financial
Management and Enterprise Performance Management (EPM)
capabilities, Epicor has expanded functionality for measuring key
performance indicators across all operational aspects, helping
organizations gain visibility of costs and further their financial
goals. New advanced financial reporting capabilities, an embedded
configurable asset management engine, and a sophisticated advanced
allocations module will help finance departments streamline
business processes, reduce closing cycles and be integral to
tracking financial performance across the enterprise, providing new
levels of efficiency, audit-ability and control.
Taking Usability to New Heights with Agile
Business Architecture Epicor True SOA™ (service-oriented
architecture), which incorporates the Epicor Everywhere Framework™,
provides a powerful, visionary foundation that enables companies to
better use and derive benefits from ERP at a business level --
employing Enterprise 2.0 technologies to dramatically improve
usability, productivity, collaboration and business
performance.
Expanding on modern consumer Web concepts introduced in Epicor
9, the new release offers Epicor Mobile Access, which allows
business users to quickly and easily define and deploy mobile
applications for conducting business on devices like BlackBerry®,
Windows® Phone, and the Apple iPhone™ in a matter of minutes. In
addition, Epicor Enterprise Search has been expanded to allow it to
be invoked from almost anywhere, such as within Microsoft®
Outlook®, PowerPoint® or Excel® as well as from a Browser or within
the application, delivering essential real-time information when
it's needed and where it's needed.
Cylicron Engineered Cylinders is an independent, privately-owned
full-service manufacturer of industrial cylinders for the
Rotogravure and Flexographic printing industries that is leveraging
Epicor's next-generation ERP today and participated in the beta
program for the latest release. "The major enhancements Epicor has
made in this new release will be of tremendous value to our
company," said Adam Gabbard, chief financial officer of Cylicron.
"We are particularly impressed with the advanced financial
reporting and maintenance management capabilities, and addition of
a configurable asset management engine, which will enable us to
further track performance across our organization and maximize our
resources."
JV Precision Machine Company, a second generation family owned
manufacturer offering precision CNC machining services to a wide
variety of US industries, runs its business on Epicor 9 today. "As
a participant in the beta program for this newest release from
Epicor, we are looking forward to leveraging enhanced capabilities
around cost reduction, process improvement and customer service,"
said Josef Visinski, vice president of JV Precision Machine Co. "In
particular, expanded functionality for measuring performance across
all operational aspects, the advanced financial reporting
capabilities, and ability to gain even greater visibility of costs
will be very beneficial."
Symetrics Industries, designer and manufacturer of electronics
solutions for defense departments around the world, are traditional
early adopters of Epicor next-generation technology and had a first
look at Epicor 9.05. "We are particularly looking forward to
leveraging enhanced project billing, electronic timesheets, and
expense tracking in the new release," said Peter Volkert, Director
of Operations at Symetrics Industries. "Epicor has really
delivered, far beyond our original vision in these areas, which
have a direct connection to business process improvement and cost
management."
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.
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.
(1) Source: AMR Research, Inc. "The Global
Enterprise Applications Software Market Forecast Update, 2009-2010"
(Dec. 21, 2009)
Contacts: Lisa Preuss Director, Public Relations Epicor Software
Corporation 949/585-4235 lpreuss@epicor.com Damon Wright Vice
President, Investor Relations Epicor Software Corporation
949/585-4509 dswright@epicor.com
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