IRVINE, CA, Dec 15, 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 Epicor Carbon Connect, a software as a service (SaaS)-based carbon accounting solution to help organizations address sustainability and the ever increasing associated government regulations. Epicor Carbon Connect provides companies with the ability to identify, analyze, audit, track, manage, benchmark and report on their carbon emissions/environmental impact and energy consumption.
Coupled with Epicor enterprise resource planning (ERP) utility invoices and production schedules drawn from current or forecasted orders, companies can use Epicor Carbon Connect to calculate expected emissions output and budget for environmental cost factors. Epicor Carbon Connect is a fundamental part of an overall financial management and accounting system to enable companies to engage in emissions accounting for regulatory, public relations, marketing, and operational efficiency purposes.
Automated Reporting Equals Measurable Cost Savings
For the budding green economy to have meaningful impact and sustainable change, organizations must have a valid means of measuring its worth to justify continued investment. Epicor Carbon Connect provides automated reports that demonstrate measurable savings and provide meaningful measurement of sustainability initiatives; this validation translates to justification of further investment and expenditures.
“Financial management applications are the central hub toward effective management of sustainability challenges,” said Matt Muldoon, vice president, product marketing for Epicor. “Deploying an enterprise-class carbon accounting solution in the Cloud will empower our customers to meet evolving reporting and regulatory requirements, while optimizing the performance, cost and value of their governance, compliance and risk efforts.”
Increased Emphasis on Environmental Sustainability
Gartner research vice president Stephen Stokes recommends in his recent report, “Sustainable Business Systems, Part 1: Enterprise Sustainability for the Low-Carbon Economy,” published October 25, 2010, that organizations start developing carbon-emission inventories now. “The emergence of carbon as a newly commoditized asset class, price volatility, uncertainty of a future supply of conventional energy, and concerns over other factors, including an acute focus on energy efficiency, water availability and quality, waste, hazardous chemicals, and product accountability and traceability across the supply chain, have driven sustainability and its attendant business risks up the corporate agenda to an unprecedented level.”
Availability and Pricing
Epicor Carbon Connect is currently scheduled for release in December 2010, on-demand or on-premise, with Epicor’s next-generation ERP suite. Carbon Connect will be available for all other Epicor products as an Extend application.
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.