In today’s fast-paced business environment, companies often face the challenge of managing multiple subsidiaries in different locations. This can lead to complexity and inefficiency in processes and communications, negatively impacting the overall performance of the company.

However, with the right Enterprise Resource Planning (ERP) software like Epicor P21, subsidiaries can operate seamlessly while being connected to the parent company. Let’s take a closer look at how Epicor P21 supports subsidiaries.

Epicor P21 is a comprehensive ERP solution designed specifically for distribution companies. Its robust features and capabilities make it a popular choice for companies with multiple subsidiaries. One of the key benefits of Epicor P21 is its multiple company management feature. This allows parent companies to create and manage an unlimited number of subsidiaries within one database. This means that each subsidiary can have its own customers, suppliers, and items, with all data consolidated and easily accessible to the parent company.

Additionally, Epicor P21 offers a centralized approach to financial management. This allows all financial transactions, including invoicing, billing, and payment processing, to be managed from a central location. This feature streamlines financial reporting, makes it easier to track expenses and revenues between subsidiaries, and enables better decision-making for the parent company.

Another important aspect of Epicor P21 that supports subsidiaries is its inventory management capabilities. This software allows companies to track and manage inventory levels across all branches in real time. This ensures that all subsidiaries have the required inventory to meet customer demands while avoiding over- or under-stocking issues.

Epicor P21 also offers advanced forecasting and demand planning tools to accurately predict inventory needs and prevent stockouts or waste.

As for communication, Epicor P21 has a built-in messaging feature that allows subsidiaries to communicate with each other and with the parent company. This promotes collaboration and ensures that all parties are on the same page when it comes to orders, deliveries, and other critical business processes.

Epicor P21 also offers a mobile application that allows subsidiaries to access the ERP system remotely. This allows employees to stay connected and access real-time data while on the move, increasing productivity and efficiency.

In short, the cross-company management, centralized financial management, inventory management, and communication features make Epicor P21 an ideal ERP solution for companies with subsidiaries. With its extensive features and ease of use, Epicor P21 effectively supports subsidiaries and helps streamline operations.