Epicor P21 is the leading enterprise resource planning (ERP) software, tailored to the needs of companies in the manufacturing and distribution industries. One of the most important features is the invoice search function, which is available to customers through the Epicor P21 Customer Portal. This feature allows customers to access and view invoices online, making it easier to track financial transactions with the company.

But does “Invoice Search” provide analysis? Let’s find out.

First, let’s understand what analytics capabilities mean in the context of an ERP system. Simply put, it refers to the ability of a system to collect, analyze and present data in a meaningful way to support decision making. Does Epicor P21’s invoice search feature have these features? The answer is yes.

With the invoice search feature, customers can not only view their invoices but also access various detailed reports on their financial transactions. These reports include sales intelligence reports, customer aging reports, and more. These reports provide valuable information about customer purchasing habits, payment behavior, and overall financial health. This information can be used by companies to make informed decisions such as optimizing pricing strategies, identifying potential credit risk, and analyzing customer profitability.

Additionally, the invoice search feature allows customers to filter and sort invoices based on various parameters such as invoice date, customer name, invoice number, and more. This makes it easier for clients to analyze financial data and identify trends and patterns. For example, a customer can filter their bills by a specific period to understand their spending habits and identify areas where they can reduce costs.

Moreover, Epicor P21 also offers a robust business activity monitoring (BAM) tool integrated with invoice search functionality. The tool provides real-time updates and notifications on outstanding invoices, arrears, and credit freezes, enabling customers to proactively manage their finances. This feature is especially useful for companies that process large volumes of invoices and payments.

To summarize, Epicor P21’s invoice search feature provides customers with not only a convenient way to access invoices, but also advanced analytical capabilities. These features enable businesses to gain valuable insight into their financial data and make informed decisions. By integrating a BAM tool, customers can also proactively manage their finances, reducing the risk of late payments and improving their overall financial health.