Company: Epicor Software Corporation, Austin, TX USA
Company Description: Epicor Software Corporation drives business growth. We provide flexible, industry-specific software that is designed around the precise needs of our manufacturing, distribution, retail, and service industry customers.
Nomination Category: Products & Product Management Categories
Nomination Sub Category: Best New Product or Service of the Year - Software - Financial Management Solution
Nomination Title: Epicor iScala
Tell the story about this nominated product or service (up to 650 words). Describe its function, features, benefits, and performance to date.
Epicor iScala offers a complete business management system for small and midsize companies delivering a proven, robust, secure solution with a broad span of rich industry-focused functionality, deep international capabilities, and powerful integration and process automation to deliver revenue and profit growth with a low TCO and accelerated time to value.
iScala helps customers drive productivity up, and costs down.With 40+ years’ experience gained with customers across the world iScala is one global product set, supporting 36 languages, with dedicated multi-national resources.
“With Epicor we reduced the process times by 30 percent. In addition, this solution delivers us the precise tools to improve - Hyatt Hotels
“This set up works very well for us,” it means that when we expand our business to a new market we can instantly get the new company up and running. All we do is set up a new company in the head office installation and then connect them via Citrix and Service Connect and they can start running the business from day one with full ERP support.” - Anders Törhagen, IT Manager for HMS
“The Thai market with its different pricing policies on raw material and supplies made things very difficult and complicated for the system configuration. However, we did not face this with Epicor iScala, as the solution aided us in enhancing our sales performance.”- Energizer Thailand Ltd
The latest version of iScala, released in March 2017 features a brand new user interface and new functionality that helps companies drive cost efficiencies, take advantage of new global growth opportunities, and protect the overall business.
Optimize Everyday Financial Operations
With iScala, businesses can eliminate manual processes and costly errors using functionality that monitors, controls, and reconciles financial data. They can easily produce and consolidate reports for all entities and track financials centrally and at individual sites, delivering visibility into the business at all times. iScala makes it straightforward to produce income statements and balance sheets for each location, perform intercompany consolidations, centralize payables and manage cash across numerous bank accounts. The solution accelerates and simplifies month- and year-end closings, meets the needs of statutory and fiscal requirements with multi-national, multi-company features and an electronic compliance platform.
Satisfy Customer Needs
Beginning with a customer order and ending when a satisfied customer has paid for the purchase, the primary purpose of any supply chain process is to satisfy customer needs and generate profits. With iScala businesses become leaner and more agile by reducing and eliminating inefficiencies that affect output and profits. Plan, execute, monitor, and measure every activity that happens between the beginning and the end to drive value to the inputs and deliver products and services to market faster, cheaper, and with better quality, gaining a compelling business advantage.
Effectively Manage Assets
Managing costs is vital and companies are under pressure use assets optimally, and match the related costs to the benefit derived from them. iScala allows easy management from purchase, consumption through to disposal, while seamlessly tracking the financial impact, and budget implications. Address ownership risks in order to maximize the value and life of the asset by tracking the location of the asset, who is responsible, how it is insured, and when maintenance is due.
Instant Access to Business Information
iScala allows for easy operation monitoring and performance tracking using financial reporting and analytics. With online, mobile or printed reports and dashboards key information is at hand at the right time to drive smarter decisions and support growth. Financial and materials activities can be monitored using standard daily and period reports that deliver improved visibility into daily activity with the ability to prepare and analyze budgets and forecasts with up-to-the second data.
Epicor iScala enables organizations to grow, thrive and compete in today’s ever-changing business landscape and continues to evolve and incorporate leading-edge technology capabilities that open the door to the incredible potential of the globally extended enterprise.
In bullet-list form, briefly summarize up to ten (10) of the chief features and benefits of the nominated product or service.
-Epicor iScala offers the following features and benefits:
-Optimizes everyday financial operations and simplifies multi-company transactions
-Satisfies customer needs and generates profits
-Drives customer satisfaction to positively impact the bottom line
-Turns after sales support into a profit center
-Effectively manages assets to deliver the best returns to stakeholders
-Meets local and cross-border trading requirements
-Flexibility and timesaving requisition management
-Instant access to business information to drive smarter decisions
-Supports sales service delivery operations and internal projects
-Electronic Compliance Platform to meet e-invoicing and electronic reporting needs