Epicor and The HADA Group Announce Strategic Alliance to Deliver Next-Generation EPM Solution to Hospitality Organizations
Hospitality Industry Customers to Benefit From Comprehensive BI Solution
Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, today announced the strengthened alliance to deliver the Epicor next-generation enterprise resource planning (ERP) solution with EPM for Hospitality from The Hada Group (THG), a solution specifically designed for companies in the hospitality industry. The alliance will help meet the growing need among resorts, hotels, restaurants, and country club organizations for a scalable and flexible enterprise performance management (EPM) solution that enables them to plan, execute and analyze at strategic and tactical levels — aligning business activities with business goals.
Working cooperatively with THG, and building on its own proven success delivering industry-specific ERP solutions to retail, manufacturing, distribution, hospitality, and services organizations, Epicor reaffirms and deepens its commitment to the hospitality industry. Effective business intelligence (BI) is an important component of an EPM strategy, and the alignment with THG creates an opportunity to deliver an integrated BI solution built around hospitality industry best practices.
Under the agreement, Epicor will deliver THG’s sophisticated BI suite with Epicor ERP, Epicor iScala and Epicor Enterprise solutions. Epicor and THG have a number of joint customers in the hospitality industry today that could immediately benefit from this new class of industry-specific analytics applications.
“Our relationship with Epicor to deliver a comprehensive BI solution to the hospitality industry leverages the key strengths of both organizations,” said Horacio Agostinelli, president and general manager of THG. “Epicor brings more than 40 years of experience developing, marketing, selling, and implementing ERP solutions that provide organizations around the world with a competitive advantage; combined with our expertise in bringing integrated business solutions to the hospitality industry, this creates a win-win for new and existing customers.”
loading...
Epicor(R) Reports 2010 Fourth Quarter Results
Third Strongest Software Revenue Quarter in Company’s History Helps Drive 17% Annual Organic Software Revenue Growth
IRVINE, CA, Feb 09, 2011 — Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, today reported financial results for its fourth quarter ended December 31, 2010. All results should be considered preliminary pending the Company’s filing of its Annual Report on Form 10-K.
Epicor chairman, president and CEO George Klaus commented, “The 2010 fourth quarter was the third highest software license revenue quarter in Epicor’s history, marking a solid finish to a year during which we organically grew software license revenues 17%, while adding more than 560 new name customers and driving free cash flow(1) in excess of $51 million.
“We believe the overall spending environment is improving and we are experiencing increasing demand throughout the world for our software solutions,” Klaus said. “Our strong software pipelines held up throughout the quarter, even though some larger opportunities did not close at the end of Q4 as anticipated. The improving economic climate coupled with the expanded capabilities of Epicor 9 and our retail products, is leading to ever larger organizations looking to implement our solutions,” he said. “As more large opportunities are added to our pipelines, we are faced with the dual task of trying to maximize the profitability of these transactions, while also managing the reality that these much larger companies will dictate the pace of the sales and closing process.
“In Q4,” Klaus continued, “we experienced the benefit of these larger opportunities as the software average selling price for our top 10 wins was up sequentially by more than 10% over Q3, exceeding $500,000 dollars in software revenue alone. Additionally, our software license gross margins improved to the highest level in five quarters even though some large revenue opportunities slipped into 2011 as a few customers extended their expected closing process into 2011. These larger opportunities were not lost and some merely require finalizing negotiations. In fact, we have had a strong start to Q1 and have already closed some of these larger opportunities.
“As indicated by our 2011 first quarter guidance,” Klaus concluded, “we are entering 2011 with strong momentum and we expect a strong quarter with software license revenues growing in excess of 20% over last year’s first quarter.”
Total revenue for the 2010 fourth quarter grew approximately 5% to $117.2 million, when compared to 2009 fourth quarter revenue of $111.9 million. 2010 fourth quarter GAAP net income was $4.4 million, or $0.07 per diluted share, compared to GAAP net income of $6.7 million, or $0.11 per diluted share in the 2009 fourth quarter. 2010 fourth quarter GAAP net income includes the impact of $1.6 million in restructuring and other charges related primarily to costs associated with the December 2010 acquisition of Spectrum Human Resource Systems Corporation (Spectrum), as well as workforce reductions and facilities adjustments due to an extension of expected vacancy periods. 2010 fourth quarter operations include a benefit of approximately $2.4 million to consulting cost of goods and $1.3 million dollars to research and development expense related to Epicor obtaining certification primarily for its 2009 operations under a program in the Province of Quebec, Canada designed to issue cash credits to encourage development of IT businesses in Quebec.
Non-GAAP(2) net income for the 2010 fourth quarter was $11.4 million, or $0.19 per diluted share, compared to non-GAAP net income of $11.1 million, or $0.19 per diluted share in the 2009 fourth quarter.
2010 Fourth Quarter Revenue by Segment: 2010 fourth quarter license revenue was $26.4 million, up 2% when compared to 2009 fourth quarter license revenue of $25.8 million. Consulting revenue grew 8% to $35.7 million in the 2010 fourth quarter, versus 2009 fourth quarter consulting revenue of $33.2 million. 2010 fourth quarter maintenance revenue was up 2% to $49.7 million when compared to 2009 fourth quarter maintenance revenue of $48.6 million. Hardware and other revenue for the 2010 fourth quarter was $5.5 million, up 24% when compared to hardware and other revenue of $4.4 million in the prior year’s fourth quarter.
Balance Sheet Summary: The Company’s balance sheet at December 31, 2010, after accounting for the acquisition of Spectrum, included cash and cash equivalents of $103.1 million. The balance sheet benefited from free cash flow of $15.6 million during the 2010 fourth quarter, which also enabled the Company to make a discretionary $10.0 million payment to reduce the outstanding balance on its credit facility during the 2010 fourth quarter. The Company’s total outstanding debt as of December 31, 2010, consists primarily of $230 million in aggregate principal amount of the Company’s 2.375% senior convertible notes (less a debt discount of $33.6 million) and $47.5 million in aggregate principal amount under the Company’s credit facility, currently bearing an interest rate of approximately 5%.
Following the close of the 2010 fourth quarter, the Company made an additional discretionary $12.5 million payment to reduce the outstanding balance on its credit facility.
At the end of the 2010 fourth quarter, net accounts receivable was approximately $92.6 million. The Company had cash collections of approximately $131.0 million during the 2010 fourth quarter. Days sales outstanding (DSOs) in the 2010 fourth quarter were 73, down from 77 in the third quarter of 2010. Total deferred revenue at the end of the 2010 fourth quarter was $98.0 million.
Business Outlook: For Epicor’s 2011 first quarter, total non-GAAP revenue is expected to be $110 to $113 million. Software license revenue for the 2011 first quarter is expected to be up more than 20% from the first quarter of 2010. The Company’s recent acquisition of Spectrum is expected to contribute approximately $2.5 to $3.0 million in total revenue to Epicor’s 2011 first quarter, approximately $200,000 to $300,000 of which is expected to be software license revenue. 2011 first quarter non-GAAP revenue expectations include approximately $600,000 in deferred revenue fair value adjustments recorded in the Spectrum acquisition. Non-GAAP earnings per diluted share(3) for the 2011 first quarter is expected to be $0.13 to $0.15. The Spectrum acquisition is not expected to have a meaningful impact on 2011 first quarter non-GAAP earnings per share.
Earnings Conference Call: The Company will hold an investor and analyst conference call today at 5:00 p.m. Eastern Time/2:00 p.m. Pacific Time.
What: Epicor 2010 Fourth Quarter Earnings Conference Call
When: Wednesday, February 9, 2011 Time: 2:00 p.m. PT
Dial in: 1-888-428-9498 Conf ID: Epicor 2010 Fourth Quarter Earnings Call Webcast: http://ir.epicor.com
On the call, chairman, president and CEO George Klaus and executive vice president and CFO Michael Pietrini will review 2010 fourth quarter earnings. Investors and analysts are invited to participate on the call. Please dial in approximately ten minutes prior to start time. A live audio-only webcast of the call will be made available to the public on the Company’s Web site at http://ir.epicor.com and will be archived for thirty days following the call on the Company’s Web site.
(1) Free cash flow is a non-GAAP measure. The Company calculates free cash flow as adjusted EBITDA (also a non-GAAP measure), plus stock-based compensation, less capital expenditures, cash paid for income taxes and net interest. Please refer to the reconciliation of adjusted EBITDA and free cash flow, as well as the information provided below under the heading “Non-GAAP Financial Measures.”
(2) Please see the reconciliations to GAAP measures provided at the end of this press release as well as the information provided below under the heading “Non-GAAP Financial Measures.”
(3) The Company’s 2011 first quarter non-GAAP earnings per diluted share guidance excludes current expectations for first quarter amortization of intangible assets of approximately $6.0 million, first quarter stock-based compensation expense of approximately $4.3 million and approximately $2.2 million in non-cash interest expense for the first quarter related to amortization of debt discount. 2011 first quarter non-GAAP earnings per share expectations assume a weighted average share count of 61.4 million shares.
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), human capital management (HCM) 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.
Forward-Looking Statements This press release contains certain statements which constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding expected revenues (including growth rates), earnings and earnings per share (including on a non-GAAP basis), non-GAAP free cash flow, the Company’s products, market share, business model, sales pipelines and opportunities, competitive advantage 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 as of 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 enterprise resource planning products, particularly in light of competitive offerings; the timely availability and market acceptance of new products and upgrades, including Epicor 9; the impact of competitive products and pricing; the discovery of undetected software errors; changes in the financial condition of Epicor’s major commercial customers and Epicor’s future ability to continue to develop and expand its product and service offerings to address emerging business demand and technological trends; and other factors discussed in Epicor’s annual report on Form 10-K for the year ended December 31, 2009 and other reports Epicor files with the SEC. As a result of these factors the business or prospects expected by the Company as part of this announcement may not occur. Epicor undertakes no obligation to revise or update publicly any forward-looking statements.
Non-GAAP Financial Measures This press release contains non-GAAP financial measures. In evaluating the Company’s performance, management uses certain non-GAAP financial measures to supplement consolidated financial statements prepared under GAAP.
Non-GAAP Earnings Measure The Company uses non-GAAP earnings measures, non-GAAP net income, adjusted EBITDA, EBITDA margins and free cash flow in this press release. Management believes these non-GAAP measures help indicate the Company’s baseline performance before gains, losses or charges that are considered by management to be outside on-going operating results. Accordingly, management uses these non-GAAP measures to gain a better understanding of the Company’s comparative operating performance from period-to-period and as a basis for planning and forecasting future periods. Management believes these non-GAAP measures, when read in conjunction with the Company’s GAAP financials, provides useful information to investors by offering:
-- the ability to make more meaningful period-to-period comparisons of the
Company's on-going operating results;
-- the ability to better identify trends in the Company's underlying
business and perform related trend analysis;
-- a better understanding of how management plans and measures the
Company's underlying business; and,
-- an easier way to compare the Company's most recent results of
operations against investor and analyst financial models.
The non-GAAP financial measures for 2009 and 2010 used by the Company are defined to include deferred revenues from NSB that were adjusted to fair value as required by acquisition accounting in accordance with GAAP reporting, and to exclude amortization of intangible assets, stock-based compensation expense, amortization of long-term debt discount from the Company’s May 2007 convertible note offering, the write-off of debt issuance fees, a Venezuela currency devaluation, and restructuring and other, which include costs associated with workforce reductions, adjustments due to an extension of expected vacancy periods and acquisition and other related charges. The non-GAAP financial measures for 2009 and 2010 used by the Company are also defined to reflect income taxes at a 38% tax rate.
Management believes that the expense associated with the amortization of acquisition-related intangible assets is appropriate to be excluded because a significant portion of the purchase price for acquisitions may be allocated to intangible assets that have short lives and exclusion of the amortization expense allows comparisons of operating results that are consistent over time for both the Company’s newly acquired and long-held businesses. Management also believes that the exclusion of stock-based compensation allows for more accurate comparisons of our operating results to our peer companies because of varying available valuation methodologies, subjective assumptions and the variety of award types which effect the calculations of stock-based compensation. Management believes it is appropriate to exclude the Venezuela currency devaluation charge, the write-off of debt issuance fees, the amortization of long-term debt discount from the Company’s May 2007 convertible note offering, as well as restructuring and other charges, which included costs associated with the integration of Spectrum into Epicor, costs associated with workforce reductions and adjustments due to an extension of expected vacancy periods, because these charges are not related to the Company’s ongoing business operations and it allows for more accurate comparisons of our operating results to our peer companies. Finally, management believes that using a 38% tax rate is appropriate because it allows comparisons of our operating results that are more consistent with prior periods presented, as well as more accurate comparisons of our operating results to our peer companies.
General. These non-GAAP measures have limitations, however, because they do not include all items of income and expense that impact the Company’s operations. Management compensates for these limitations by also considering the Company’s GAAP results. The non-GAAP financial measures the Company uses are not prepared in accordance with, and should not be considered an alternative to, measurements required by GAAP, such as operating income, net income and net income per share, and should not be considered measures of the Company’s liquidity. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measures. In addition, these non-GAAP financial measures may not be comparable to similar measures reported by other companies.
- TABLES FOLLOW -
EPICOR SOFTWARE CORPORATION
PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
December 31, December 31,
2010 2009
------------ ------------
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 103,076 $ 106,861
Short-term investments 419 -
Accounts receivable, net 92,622 90,011
Deferred income taxes 13,755 11,572
Inventory, net 2,014 1,819
Prepaid expenses and other current assets 21,911 13,976
------------ ------------
Total current assets 233,797 224,239
Property and equipment, net 28,492 28,511
Deferred income taxes 26,970 21,867
Intangible assets, net 65,206 84,107
Goodwill 377,894 368,336
Other assets 9,316 10,990
------------ ------------
Total assets $ 741,675 $ 738,050
============ ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 14,775 $ 13,966
Accrued expenses 48,044 46,754
Current portion of long-term debt 258 202
Current portion of accrued restructuring costs 2,212 1,694
Current portion of deferred revenue 97,650 96,040
------------ ------------
Total current liabilities 162,939 158,656
------------ ------------
Long-term debt, less current portion 243,934 255,535
Accrued restructuring costs 4,971 4,423
Deferred revenue 394 392
Deferred income taxes and other income taxes 16,588 15,172
Other long-term liabilities 3,278 3,785
------------ ------------
Total long-term liabilities 269,165 279,307
------------ ------------
Stockholders' equity:
Common stock 66 63
Additional paid-in capital 441,990 422,460
Less: treasury stock at cost (24,373) (20,670)
Accumulated other comprehensive loss (5,138) (4,825)
Accumulated deficit (102,974) (96,941)
------------ ------------
Total stockholders' equity 309,571 300,087
------------ ------------
Total liabilities and stockholders' equity $ 741,675 $ 738,050
============ ============
EPICOR SOFTWARE CORPORATION
PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended Year Ended
December 31, December 31,
------------------ ------------------
2010 2009 2010 2009
-------- -------- -------- --------
Revenues:
License fees $ 26,388 $ 25,785 $ 81,992 $ 70,235
Consulting 35,683 33,165 137,649 128,413
Maintenance 49,692 48,569 193,694 190,943
Hardware and other 5,450 4,389 26,948 20,033
-------- -------- -------- --------
Total revenues 117,213 111,908 440,283 409,624
-------- -------- -------- --------
Cost of revenues 50,553 47,764 200,490 180,549
Amortization of intangible assets 6,670 7,100 27,825 30,772
-------- -------- -------- --------
Total cost of revenues 57,223 54,864 228,315 211,321
-------- -------- -------- --------
Gross profit 59,990 57,044 211,968 198,303
-------- -------- -------- --------
Operating expenses:
Sales and marketing 27,062 20,688 90,450 75,105
Software development 12,348 12,525 52,475 49,207
General and administrative 12,085 12,869 49,819 54,410
Restructuring and other 1,552 - 5,092 2,210
-------- -------- -------- --------
Total operating expenses 53,047 46,082 197,836 180,932
-------- -------- -------- --------
Income from operations 6,943 10,962 14,132 17,371
Interest expense (5,021) (5,013) (20,020) (22,363)
Interest and other income
(expense), net 185 570 (893) 411
-------- -------- -------- --------
Income (loss) before income taxes 2,107 6,519 (6,781) (4,581)
Income tax provision (benefit) (2,310) (195) (748) (3,343)
-------- -------- -------- --------
Net income (loss) $ 4,417 $ 6,714 $ (6,033) $ (1,238)
======== ======== ======== ========
Net income (loss) per share:
Basic $ 0.07 $ 0.12 $ (0.10) $ (0.02)
Diluted $ 0.07 $ 0.11 $ (0.10) $ (0.02)
Weighted average common shares
outstanding:
Basic 59,158 58,112 58,977 57,889
Diluted 61,235 59,344 58,977 57,889
EPICOR SOFTWARE CORPORATION
PRELIMINARY NON-GAAP NET INCOME RECONCILIATION
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended Year Ended
December 31, December 31,
------------------ ------------------
2010 2009 2010 2009
-------- -------- -------- --------
Income (loss) before income taxes $ 2,107 $ 6,519 $ (6,781) $ (4,581)
Add back:
Amortization of intangible assets 6,670 7,100 27,825 30,772
Stock-based compensation expense 5,146 2,211 18,328 8,108
Amortization of long-term debt
discount 2,182 2,031 8,498 7,907
Restructuring and other 1,552 - 5,092 2,210
Venezuela currency devaluation - - 1,315 -
Debt issuance fees write off - - - 2,571
Deferred revenue fair value
adjustment - - - 432
Other (134) (380) (369) 179
-------- -------- -------- --------
Non-GAAP income before income taxes 17,523 17,481 53,908 47,598
Non-GAAP provision for income
taxes (1) (6,081) (6,426) (18,582) (17,350)
-------- -------- -------- --------
Non-GAAP net income $ 11,442 $ 11,055 $ 35,326 $ 30,248
======== ======== ======== ========
Non-GAAP net income per diluted
share $ 0.19 $ 0.19 $ 0.59 $ 0.52
======== ======== ======== ========
Weighted average common shares
outstanding:
Diluted 61,235 59,344 59,970 58,618
(1) The Company utilizes a 38% tax rate for the calculation of the non-GAAP
provision for income taxes for comparison purposes with other periods.
The non-GAAP effective income tax rates reflected above differ from 38%
due to certain non-deductible non-GAAP add backs.
EPICOR SOFTWARE CORPORATION
PRELIMINARY NET INCOME (LOSS) TO ADJUSTED EBITDA RECONCILIATION
(dollars in thousands)
(Unaudited)
Three Months Ended Year Ended
December 31, December 31,
-------------------- --------------------
2010 2009 2010 2009
--------- --------- --------- ---------
Total revenues $ 117,213 $ 111,908 $ 440,283 $ 409,624
========= ========= ========= =========
Net income (loss) $ 4,417 $ 6,714 $ (6,033) $ (1,238)
Income tax provision
(benefit) (2,310) (195) (748) (3,343)
Interest expense 5,021 5,013 20,020 22,363
Amortization of intangible
assets 6,670 7,100 27,825 30,772
Depreciation 1,869 1,906 7,356 7,926
Restructuring and other 1,552 - 5,092 2,210
Venezuela currency devaluation - - 1,315 -
Deferred revenue fair value
adjustment - - - 432
Interest and other (income)
expense, net (185) (570) (422) (411)
--------- --------- --------- ---------
Adjusted EBITDA $ 17,034 $ 19,968 $ 54,405 $ 58,711
========= ========= ========= =========
Adjusted EBITDA percent of
total revenues 14.5% 17.8% 12.4% 14.3%
========= ========= ========= =========
EPICOR SOFTWARE CORPORATION
PRELIMINARY FREE CASH FLOW RECONCILIATION
(in thousands)
(Unaudited)
Three Months Ended Year Ended
December 31, December 31,
------------------ ------------------
2010 2009 2010 2009
-------- -------- -------- --------
Net income (loss) $ 4,417 $ 6,714 $ (6,033) $ (1,238)
Income tax provision (benefit) (2,310) (195) (748) (3,343)
Interest expense 5,021 5,013 20,020 22,363
Amortization of intangible assets 6,670 7,100 27,825 30,772
Depreciation 1,869 1,906 7,356 7,926
Restructuring and other 1,552 - 5,092 2,210
Venezuela currency devaluation - - 1,315 -
Deferred revenue fair value
adjustment - - - 432
Interest and other (income)
expense, net (185) (570) (422) (411)
-------- -------- -------- --------
Adjusted EBITDA $ 17,034 $ 19,968 $ 54,405 $ 58,711
======== ======== ======== ========
Adjusted EBITDA $ 17,034 $ 19,968 $ 54,405 $ 58,711
Non-cash stock-based compensation 5,146 2,211 18,328 8,108
Capital expenditures (3,176) (1,591) (7,042) (4,093)
Cash paid for taxes (751) (548) (3,643) (2,455)
Net interest (2,675) (2,766) (10,906) (13,574)
-------- -------- -------- --------
Free cash flow $ 15,578 $ 17,274 $ 51,142 $ 46,697
======== ======== ======== ========
loading...
Epicor’s(R) Cloud ERP Solution Receives a 2010 Product of the Year Award From Customer Interaction Solutions(R) Magazine
IRVINE, CA, Jan 17, 2011 — Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, today announced that Epicor Manufacturing Express Edition (Epicor Express) has received a 2010 Product of the Year Award from Technology Marketing Corporation’s (TMC(R)) Customer Interaction Solutions magazine. Epicor Express — the on-demand version of the Epicor 9 next-generation enterprise resource planning (ERP) solution — is a true multi-tenant Software as a Service (SaaS) offering that is designed to meet the needs of job shops and small manufacturers.
“We are excited to receive a 2010 Product of the Year Award for Epicor’s cloud ERP solution,” said Chad Meyer, director, product marketing for Epicor. “Epicor Express provides manufacturers with all of the functionality they need to manage and grow their business, and continues to be the go-to choice for small and emerging companies because of its depth of functionality, affordability and flexibility to accommodate growth.”
Delivered in the cloud with subscription pricing, Epicor Express offers rapid, secure, low-cost access to value-added applications and new capabilities. Based on the same source code as Epicor 9, Epicor Express has the flexibility and functionality to accommodate future requirements and growth so users can move up and down Epicor’s continuum of editions and deployment models (i.e. multi-tenant SaaS, hosted, on-premise, etc). The ability to grow with the system and mix and match deployment models makes Epicor a truly unique offering.
“Epicor Express has demonstrated excellence, as well as provided ROI for the companies that use it,” said Rich Tehrani, CEO, TMC. “Customer Interaction Solutions magazine has been honoring innovative companies for 13 years and Epicor has earned its place with this distinguished honor.”
The 13th Annual Product of the Year Award winners are featured in the January 2011 issue of Customer Interaction Solutions magazine, www.cismag.com. For more information about the Customer Interaction Solutions’ 2010 Product of the Year Awards or any of the TMC media properties, please visit www.tmcnet.com.
About Customer Interaction Solutions
Since 1982, Customer Interaction Solutions (CIS) magazine has been the voice of the call/contact center, CRM and teleservices industries. CIS magazine has helped the industry germinate, grow, mature and prosper, and has served as the leading publication in helping these industries that have had such a positive impact on the world economy to continue to thrive. Through a combination of outstanding and cutting-edge original editorial, industry voices, in-depth lab reviews and the recognition of the innovative leaders in management and technology through our highly valued awards, Customer Interaction Solutions strives to continue to be the publication that holds the quality bar high for the industry. Please visit www.cismag.com for more information.
About TMC
Technology Marketing Corporation (TMC) is a global, integrated media company helping clients build communities in print, in person, and online. TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, NGN and InfoTECH Spotlight magazines. TMC is the producer of ITEXPO, the world’s leading B2B communications event. TMCnet.com, which is read by two million unique visitors each month, is the leading source of news and articles for the communications and technology industries. In addition, TMC runs multiple industry events: 4GWE; Smart Grid Summit; M2M Evolution; Cloud Communications Summit; Social CRM Expo; SIP Tutorial; VIPeering; Business Video Expo; CVx; Digium|Asterisk World; StartupCamp; MSPAlliance MSPWorld and more! Visit TMC Events for a complete listing and further information.
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.
loading...
Marshall Aerospace Selects Epicor for Business Transformation Project
IRVINE, CA and LONDON, Jan 11, 2011 — Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, has today announced that Marshall Aerospace, one of the largest UK aircraft maintenance, engineering and operations companies, whose customers include the world’s most respected names in commercial and military aviation, has selected the Epicor 9 next-generation enterprise resource planning (ERP) solution to underpin its business as part of a multi-phase change management project to transform the organisation’s core business processes.
With an annual turnover of over GBP 250m, nearly 1,800 staff and over 80 years of experience in the aviation engineering and support industry, Marshall Aerospace has built an enviable reputation as one of the world’s premier suppliers of commercial and military aircraft maintenance and customizations. The company also owns and runs the UK’s largest private airfield, at its 325 Hectare headquarters in Cambridge.
Epicor will replace a ten-year-old finance system, as well as many functions of an internally developed system, Tandem, which evolved over the last 20 years. A core team of seven business managers from across Marshall Aerospace will work full time on the project along with two IT consultants. Epicor will take over all human resource functions, purchasing, inventory, warehousing, sales processing, project management, and enable process enforcement across the business. Within the Aerostructures and Systems division, Epicor will also be providing full manufacturing functionality to enable the production and management of medium volume manufacturing runs, something this division has not had before.
“This is a huge business transformation project for Marshall Aerospace, that will not only unify our systems and processes across the organization, but provide an ERP platform to support our long-term strategic goals in line with our ‘Horizon 2020′ company growth strategy,” said Alan Paul, head of ICT and security. “We’re looking at all our processes and questioning how we can make them better. We’ll be using Epicor to provide us with greater efficiencies and enforce the new processes we put in place. One of the key things we want to do is remove the islands of automation that exist and control our workflows across departments within a single solution wherever we can.”
Marshall Aerospace’s bespoke system, Tandem, will not be retired in phase one of the project as there are some specialised tasks, such as hangar scheduling, that will be reviewed in later phases. There will be a number of real-time interactions between Epicor and Tandem that are made possible by Epicor Service Connect, which, through workflows designed in a visual interface, is able to control the flow of information with absolute integrity between the two systems.
“Tandem has served us very well, but our existing finance solution has reached the end of its natural life,” continued Paul. “One of the biggest challenges the IT team face, is that it has become increasingly difficult to introduce modern concepts into the system. Whenever there is a process, HR, or mandatory change this has to be manually programmed into the system. Epicor will allow us to remove that cumbersome step, improving processes in the IT department and the wider company.”
Using Epicor’s Business Process Management (BPM) features and Epicor Service Connect will allow Marshall Aerospace to separate its business logic from the underlying code. Whenever business rules and processes are revised these can be implemented without the need for outside consultants or programming. The visual interfaces within Epicor will enable the IT team to quickly implement these changes, while ensuring that any updates applied to the system will not break the workflows that have been put in place. Epicor comes with a number of best practice BPMs that have been refined for specific industries through thousands of implementations. Marshall Aerospace will be using these best practice elements where business efficiencies can be gained, and building BPMs and workflows for the new processes defined by the business transformation project.
Marshall Aerospace will also use Epicor to enforce project lifecycle management and moving the business to a position where all work is based around the concept of a project, rather than discrete sales orders. Marshall Aerospace’s current process for sales orders is very complex, involving hundreds of line items. Tracking sales orders from estimate through to completion is difficult, particularly how an order performed against the original estimate. Moving to a project-based ERP solution will introduce Work Breakdown Structures (WBS) where it will be clear how individual project elements are progressing in terms of completion and cost. This information can be used in future bids to improve accuracy, and inform where manufacturing or business processes may need to be reviewed.
“Epicor was by far the most modern and flexible of the ERP systems that we reviewed. It has clearly been re-architected as a modern ERP system, not simply given a new skin, which was our suspicion of others,” concluded Paul. “We were also impressed with the Microsoft Office integration features which allow our staff to work outside Epicor, in applications such as Outlook and carry out actions on workflow items. We found many of the other vendors to be quite dogmatic, whereas Epicor understood this was a business transformation project that would require flexibility from everyone to succeed.”
“We are thrilled that Marshall Aerospace has selected Epicor for this project, particularly given our wide ranging experience in the aerospace and defence industry,” said Matt Muldoon, vice president for product marketing at Epicor. “Epicor’s solution gives comprehensive features to meet strict product guidelines, compliance processes and quality assurance throughout the design and production phases of projects. Wherever needed, the solution has been engineered to meet the exactly requirements of this industry including project management, customer relationship management, and supply chain 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.
Follow Epicor on Twitter: https://twitter.com/Epicor; http://twitter.com/EpicorEMEA
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.
loading...
Epicor(R) to Offer Comprehensive Retail Point of Sale and Back Office Support for Apple(R) iPad(R) and Other Tablet Devices
NEW YORK, NY, Jan 10, 2011 — NRF 2011 — Booth 2105 — Addressing retailers’ desire to leverage the power and performance of mobile devices to drive transaction efficiencies, and improve operational visibility and customer engagement, Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions to the midmarket and Global 1000 companies, is demonstrating the power and functionality of its retail applications on the Apple(R) iPad(R) device, as well as the Apple(R) iPhone(R), here at NRF 2011, the industry’s premier retail technology showcase.
Armed with only an iPad device and a small Bluetooth(R) barcode scanner, Epicor will demonstrate how retailers can use these devices to place orders, process sales transactions, and support other retail applications such as Business Intelligence, Enterprise Selling and Customer Relationship Management.
This offers retailers a glimpse into the future of retailing and the need to inspire customers and leverage new and emerging technology to effectively manage every aspect of business — from product sourcing and merchandising to customer loyalty and cross-channel sales transactions and every step in between.
Offering a powerful computing platform that combines an attractive form factor with relative low cost and ease-of-use, tablets offer retailers a vital tool to improve productivity and decision making from the back office to the point of order entry on the retail floor. What’s more, the graphics capability and expanded “real estate” of tablets offer retailers the ability to provide a visually appealing and rich, contextual and collaborative purchasing experience for shoppers.
Consumers Spend More Time Engaged Digitally, Retailers Embrace Mobile Computing Never before have retailers paid closer attention to consumer technology than now. According to a recent research report by Gartner, Inc., “The increase of connected devices in consumer hands generally means that the audience and time spent in the ‘digital world’ are increasing. The impact of that is a growing opportunity for several players to increase their reach.” For instance, “Increased mobility of Internet access implies new needs to fulfill, possibly unknown by consumers themselves, especially concerning context and location. Application developers, brands and retailers are all part of this value chain in which revenue growth is guaranteed.”(1)
The benefits of mobility combined with processing speed and power have ushered in a new paradigm for retailers — in a business where up-to-the-minute access to data necessary to drive decision making is essential, and Epicor has risen to the challenge of supporting these new devices to enhance management of the retail enterprise. When retailers began to leverage Apple iPhone devices as an extension of their computing infrastructure, Epicor responded by giving its retail customers critical functionality such as Business Intelligence optimized to run on iPhone devices, providing real-time information delivery to guide better, faster decision making.
The advent of the iPad and other tablet devices is only anticipated to accelerate adoption of retail mobile computing platforms. Already a number of Epicor retail customers are leveraging tablet devices to improve in store productivity straight through to back office processing, as well as enable the concept of the “extended aisle,” where if stock is unavailable in store, it can be ordered directly from a distribution center and either sent direct to the customer or shipped to the store of their choice.
“The iPad launch made 2010 the year of the tablet. And now tablets are the hottest consumer electronics devices, with new models from several major players just launched last week at the Consumer Electronics Show,” said Randy Tofteland, executive vice president, retail software for Epicor. “Today, the ultraportable tablet computer is fast becoming a crucial business and productivity tool for retailers.”
Tofteland says that while he expects many retail vendors to announce support for stand-alone retail applications at NRF, Epicor offers a distinct value proposition — tablet support for its full suite of retail functionality, mitigating the need for one-off integration point projects. “Epicor is taking a leadership role in ensuring retailers are fully enabled and supported as they embark on tablet computing initiatives and continue to shape of the future of retailing,” he concluded.
Today, many of the world’s leading retailers utilize Epicor Retail solutions and services to become more profitable, productive and competitive. Epicor’s solutions work with the Microsoft .NET Framework to improve business operations and meet the evolving merchandise and service expectations of today’s cross-channel shoppers. Epicor delivers comprehensive retail management solutions to enterprises in all tiers — from regional chains to multichannel global brands. Retail customers include hundreds of marquee names, from Aeropostale, American Eagle Outfitters, and Ann Taylor to Zales and Zumiez. Epicor employs more than 800 employees in retail-focused operations.
(1)Source: Gartner, Inc. “Market Insight: Five New Consumer Behaviors Driven by Media Tablets” by Stephanie Baghdassarian and Jessica Ekholm (Dec. 14, 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.
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.
loading...
Epicor(R) Showcases New Innovations in Mobile Marketing for Improved Customer Engagement
NEW YORK, NY, Jan 10, 2011 — NRF 2011 — Booth 2015 — Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions to the midmarket and Global 1000 companies, today issued a challenge to retailers imploring them to employ more creativity and strategy in their mobile marketing efforts.
Raising the bar for mobile messaging, Epicor is hosting a live demonstration of text messaging innovation and inspiration here at NRF. “This year we’re demonstrating new ways retailers can leverage text messaging functionality that are different and more strategic when compared with how the vast majority of retailers are using it today,” said Randy Tofteland, executive vice president, retail software for Epicor. “Retailers have an opportunity to leverage mobile messaging for tremendous impact; however, they need to inspire consumers to take action outside of just reading the text.”
“By opting-in to text messaging, a consumer has already indicated their interest in receiving information and offers about a brand, which indicates some level of loyalty and/or preference toward that brand. In the U.S., there is a very high read rate for opt-in text messages (95%); however, many retailers are missing this tremendous opportunity by employing ineffective or underwhelming text messaging efforts that are not proving successful in driving revenue or conversion,” he said.
Epicor believes it can change this and empower retailers to fully capitalize on this opportunity. Through its Epicor Mobile Marketing solution, Epicor enables retailers to create mobile messaging campaigns that instill personal connections with customers, and encourage them to interact with the store environment and online. The end result is better brand and customer loyalty, as well as additional revenues.
Mobile Messaging: Enabling the Cross-channel Retail World
Mobile messaging arms retailers with a powerful and strategic marketing tool that can augment cross-channel efforts, providing significant competitive advantage.
Epicor is helping retailers leverage text messaging for in store self-service/customer service, providing real-time connections to satisfy customer needs, to both empower customers and relieve overwhelmed store associates. Guided by in store displays, customers can text a key word to a short code to get information about that product. Customers will receive a text message with an embedded link to a mobile optimized Web page where they can view product information, pricing, consumer reviews and ultimately purchase the product. Consumers may also find features such as store locators, “send to friend,” and sign up for text message alerts for on-going specials, offers and promotions.
This use of mobile messaging helps support cross-channel efforts to unite in store and online worlds. Which aligns with what Sahir Anand, vice president and principal analyst of Aberdeen’s Retail and Banking research practice is seeing in the market. “What is capturing the imagination of retailers is the expanded utility of the consumer’s mobile phone as a cross-channel retail tool in the physical brick and mortar stores for promotional coupon delivery, dynamic merchandise and point of purchase decision messaging, automatic check-in, product alerts, and other advanced clienteling functions,” Anand said. “Retailers will need to develop a solid base of business processes, organizational, knowledge, and performance management capabilities, in order to realize the mobile messaging, marketing, and channel integration gains via mobile retail.”(1)
More importantly, consumer feedback enables retailers to get closer to the customer to understand who their most profitable and least profitable customers were, and what they wanted and/or purchased, to support the customization of future products, campaigns and offers that are relevant to each shopper.
Making Mobile Messaging Turnkey
Delivered via a partnership with mobile messaging provider Impact Mobile, Inc., Epicor Retail Mobile Marketing enables retailers to deliver customized messages, coupons, and promotions to mobile device users, and so much more. The solution can be used in house by retailers. Additionally, Epicor’s CRM Services team of highly trained CRM professionals can assist retailers in creating, managing and launching mobile marketing campaigns via the Epicor Retail Mobile Marketing solution, to augment existing CRM initiatives, or as part of the turnkey execution and management of ongoing CRM campaigns.
Epicor customers using the Epicor Retail Mobile Marketing solution can gain cost and time efficiencies by leveraging Epicor’s already established short code. Epicor experts can also assist retailers in complying with regulatory best practices and rules governing text messaging, and in maintaining opt-in lists, managing demographics, and helping define, monitor and launch text campaigns.
“We will be showcasing our Epicor Retail Mobile Marketing solution onsite throughout the show, and we invite NRF attendees to see how we’re leading the charge in innovative, next-generation uses of text messaging to improve customer engagement, provide an interactive and experiential way to explore product offerings, easily share products with friends, and finally, enable retailers to benefit from capturing customer insight related to the overall experience. It’s an approach that is truly ahead of the curve,” said Tofteland.
Today, many of the world’s leading retailers utilize Epicor Retail solutions and services to become more profitable, productive and competitive. Epicor’s solutions work with the Microsoft .NET Framework to improve business operations and meet the evolving merchandise and service expectations of today’s cross-channel shoppers. Epicor delivers comprehensive retail management solutions to enterprises in all tiers — from regional chains to multichannel global brands. Retail customers include hundreds of marquee names, from Aeropostale, American Eagle Outfitters, and Ann Taylor to Zales and Zumiez. Epicor employs more than 800 employees in retail-focused operations.
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: Aberdeen Group “Mobile Retail is a Reality: The Increasing Mobility of Consumers Has Retailers Engaged,” by Sahir Anand (Sept. 2010)
loading...
Epicor Positioned as a Visionary in Magic Quadrant for ERP for Product-Centric Midmarket Companies
IRVINE, CA, Jan 05, 2011 - Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, today announced that Epicor 9 is positioned as a Visionary in Gartner’s Magic Quadrant (MQ) for ERP (Enterprise Resource Planning) for Product-Centric Midmarket Companies.(1)
The MQ for ERP for Product-Centric Midmarket Companies evaluates products that have a global presence and are specifically tailored for product-centric midmarket companies with roughly $50 million to $1 billion in revenue. To download the full report, visit http://www.epicor.com/Company/Pages/ERPMagicQuadrant.aspx.
Innovative Approach to Midmarket ERP “Epicor’s focus to bring unique value to our customers is what drives us to continually deliver technology innovations and services that offer unprecedented choice and flexibility,” said George Klaus, chairman, president, and CEO of Epicor. “We believe our positioning as a visionary vendor in this report supports our long-standing commitment to providing our customers with flexible, scalable and cost-effective solutions that keep pace with the latest technologies and industry best practices; the successful execution of a multi-product consolidation strategy with Epicor 9 — something no other vendor has achieved — is testament to our commitment to helping our customers increase efficiency and productivity, and ultimately achieve their business objectives.”
The award-winning Epicor 9 offering was released in December 2008, representing the convergence of Epicor’s 25 years of experience delivering enterprise-wide solutions into a single next-generation global ERP solution. Today, over 300 customers worldwide are live on Epicor 9, and the solution has been shipped to over 2,000 sites in 56 countries, including shipments to over 800 new customers.
Major Market Trends and Changes According to Gartner, among the major trends and changes in the market since the last publication of this Magic Quadrant is, “Service-oriented architecture (SOA) and BPM prove their value in packaged applications for the midmarket: A combination of SOAs and BPM concepts allow for an unprecedented level of flexibility and adaptability.”(2)
During 2010, Epicor announced a major new release of its next-generation Epicor 9 ERP designed to help organizations take advantage of the changing economic tide. Featuring Epicor True SOA(TM) the solution delivers a powerful, visionary foundation that enables companies to better use and derive benefits from ERP at a business level. Epicor’s newest ERP offering also delivers substantial capabilities focused on cost reduction, process improvement and customer responsiveness — stated top priorities toward achieving business recovery and growth.
Epicor also extended industry-specific capabilities for companies in manufacturing, distribution, financial services, construction and engineering, and project-based organizations within the new release. Broadening the reach into the services sector, strong new capabilities in the areas of project management and accounting will assist businesses involved in government contracting work, and related professional services. Epicor continues to leverage modern technology with its innovative approach to architecture, mobility, embedded analytics and built-in business process management (BPM) features, designed to offer businesses both choice and a high level of flexibility — delivered on-premise, as a managed service, or in the cloud.
Product Availability The latest version of Epicor 9 became available in March 2010. For more information on Epicor ERP solutions visit http://www.epicor.com/products/pages/epicor.aspx.
1, 2 Gartner, Inc., “Magic Quadrant for ERP for Product-Centric Midmarket Companies,” Christian Hestermann, Chris Pang, Nigel Montgomery, December 17, 2010
About the Magic Quadrant
The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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.
Follow Epicor on Twitter: https://twitter.com/Epicor
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.
loading...
Epicor Completes Acquisition of Spectrum Human Resource Systems Corporation
IRVINE, CA, Dec 28, 2010 — Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions to the midmarket and Global 1000 companies, today announced that it has completed its previously announced acquisition of SPECTRUM Human Resource Systems Corporation.
“Epicor is now poised to bring the power of a truly integrated next-generation enterprise resource planning (ERP) and HCM solution to market,” said George Klaus, chairman, president and CEO of Epicor. “Our strategy to provide focused market-leading technology that aligns to industry best practices is further enhanced with the addition of integrated HCM solutions. We are pleased to have closed this acquisition slightly ahead of schedule and have begun the process of integrating Spectrum and its technology into Epicor.
“The fact that we have just closed our first Epicor ERP deal with a Spectrum customer this quarter is further validation that the combined company will deliver even greater value to all of our combined customers,” said Klaus.
Virtual Radiologic Corporation (vRad) is a technology-enabled national radiology practice working in partnership with local radiologists and hospitals to optimize radiology’s pivotal role in patient care. Currently implementing Spectrum’s HCM solution, vRad just selected Epicor’s next-generation ERP for its superior technology and functionality to automate business processes and support company growth plans. “We were pleased when we heard Epicor had acquired Spectrum — having a single provider to tend to our overall financial and human resources enterprise information systems needs was definitely a plus in our decision to go with Epicor,” said Rick Jennings, chief technology officer of Virtual Radiologic Corporation.
As noted in the news release, “Epicor to Acquire Spectrum Human Resource Systems Corporation,” issued on December 13, 2010, Spectrum’s best-in-class Web-based human resource and talent management solutions are the core of the newly formed Epicor Human Capital Management (HCM) group. The acquisition broadens Epicor’s position as a leading provider of complete end-to-end enterprise business solutions to the manufacturing, distribution, retail, hospitality and services sector, with the addition of end-to-end HRMS. Leveraging combined focus on Microsoft .NET, Web 2.0 and cloud computing technologies, and expertise in delivering world-class business solutions, Epicor will deliver a solution that requires no compromises and what no other company is providing today — an end-to-end HCM solution backed by local country support, localization and language, and supporting flexible delivery options including software as a service (SaaS), hosted, and on-premise.
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), human capital management (HCM) 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.
Forward-Looking Statements Management of Epicor Software believes certain statements in this press release may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the transaction, potential synergies, the expected impact of the transaction, future operations of the combined entity 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 as of the time the statements are made and are subject to risks and uncertainties, including, without limitation, risks associated with market and economic conditions, Epicor’s ability to consummate the transaction, which is subject to certain conditions, Epicor’s ability to integrate this acquisition and recognize expected synergies, Epicor’s ability to continue to support Spectrum’s customers and add functionality to Spectrum’s products, and the risks and uncertainties described 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 period ended September 30, 2010. Actual results may differ materially from those expressed or implied in the forward-looking statements.
As a result of these factors the business or prospects expected by the Company as part of this announcement may not occur. Epicor undertakes no obligation to revise or update publicly any forward-looking statements.
loading...
Epicor Delivers Cloud-Based 1099 Tax Processing Solution With Its Next-Generation Enterprise Business Software Suites
IRVINE, CA, Dec 16, 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 the general availability of Epicor Tax Connect 1099, the first and only cloud-based 1099 tax reporting and processing solution available with a company’s enterprise resource planning (ERP) system. The latest Epicor Extend solution to debut — Epicor Tax Connect 1099 is delivered on-demand for use with customers’ existing on-premise Epicor ERP environments.
Epicor Tax Connect 1099 acts as an in-house seasoned tax professional, providing the most comprehensive 1099 tax preparation reporting solutions and research required to file accurate and timely returns. With built-in secure servers linked directly to the IRS, Epicor Tax Connect 1099 makes the annual printing, mailing and e-filing a simple one-click process. Delivered in the cloud, Epicor Tax Connect 1099 requires little to no IT support and virtually eliminates a company’s requirements for regular compliance updates, providing businesses with an easy to deploy, fast, efficient and affordable system that will help their Accounts Payable departments carry out Form 1099 reporting responsibilities and requirements with ease.
“Epicor Tax Connect 1099 is an exciting new tax reporting service,” said Matt Muldoon, vice president, product marketing for Epicor. “Form 1099 regulations and reporting requirements change every year, requiring companies to constantly focus on ensuring they are in compliance with the most recent regulations. Epicor Tax Connect 1099 automates the ever-changing compliance environment, keeping the system up-to-date to ensure accuracy, efficiency and compliance. With this cloud-based subscription service, companies will benefit from a secure, automated and cost-effective solution that will increase productivity and minimize the workload placed on Accounts Payable departments both during tax filing season and throughout the year.”
Automatic Updates and Guaranteed Compliance
With the constantly changing 1099 rules, including the new healthcare legislation signed into law in 2010 requiring the reporting on IRS Form 1099 for all payments made via check or credit card to vendors for services, inventory or property over $600 annually, now more than ever companies need an automated solution to stay compliant with 1099 reporting responsibilities. Provisions under the new law, set to go into effect in 2012, are expected to dramatically increase the reporting responsibilities on Form 1099 for Accounts Payable departments, resulting in significantly more complex and stringent tax reporting processes, as well as added time and money spent on tax preparation. Epicor Tax Connect 1099 is ready to assist companies address the new regulations, streamline compliance and boost productivity.
Through automatic updates and guaranteed compliance, Epicor Tax Connect 1099 streamlines the work required for this non-value added task and allows employees to focus on core business activities. In addition to supporting compliance during tax reporting season, Epicor Tax Connect 1099 provides year-round management services to prevent problems downstream. With real-time individual and bulk Tax Identification Number (TIN) matching and validation tools, and an on-going service offering that will automatically re-file with state and federal authorities as adjustments are made throughout the year, Epicor Tax Connect 1099 reduces errors and helps ensure accurate and compliant efforts so companies can avoid unnecessary penalties.
Easy to Use with Simple Tabbed Workflow Epicor Tax Connect 1099 manages tax reporting requirements with a simple tabbed workflow. The Smart Import feature automatically maps source data to the end-user’s 1099 forms and accepts both Microsoft(R) Office Excel(R) and IRS 1220 files. Automatic scanning and validation for regulatory compliance and zip code information eliminates the stress and hassle of manual errors. Further, dashboard monitors guide users throughout the process, instructing them what to do and providing status updates for their activities so they can be confident the required process is being followed. If an error does occur, Epicor Tax Connect 1099 is there to automatically detect missing or incorrect information, making it easy to look up returns and fix problems on the spot.
Availability and Pricing
Epicor Tax Connect 1099 is available now for Epicor 9, Vantage, Vista and Enterprise suites. The on-demand solution includes annual subscription-based pricing that is determined by the number of 1099 forms produced by a company each year.
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.
loading...
Epicor Unveils On-Demand Carbon Accounting Solution
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.
Follow Epicor on Twitter: https://twitter.com/Epicor
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.
loading...
-
-
- Oracle Consultant – eBusiness Suite
- IT Manager
- Senior ERP Consultant
- SAP Consultant
- Organizational Change Management Consultant
- Senior ERP Business Analyst
- Business Analyst Intern
- Marketing Assistant