Epicor P21 is a comprehensive enterprise resource planning (ERP) solution for manufacturers, retailers and service companies. It offers a number of features that help companies optimize their operations. One of its key advantages are advanced financial analysis functions. In this blog post, we will discuss some of the key features and functions of Epicor P21 that make it a powerful financial analysis tool.

Financial Reporting and Analysis: The foundation of Epicor P21’s financial analysis features are its advanced reporting and analysis capabilities. The system offers a variety of standard and configurable financial reports, including profit and loss statements, balance sheets, cash flow statements, and more. These reports can be easily created and shared, giving managers a comprehensive view of the company’s financial health. Additionally, Epicor P21 also supports ad hoc reporting, allowing users to create their own customized reports using a range of data sources. This flexibility allows companies to analyze their financial data in a way that best suits their individual needs and requirements.

Budgeting and Forecasting: Epicor P21 includes powerful budgeting and forecasting tools to help businesses manage their finances more effectively. The system allows users to create and manage multiple budgets and track deviations between actual and forecast numbers. Forecasting capabilities also enable companies to anticipate future financial trends and make informed decisions to optimize financial performance.

Cost Accounting: Another important aspect of financial analysis is cost accounting. Epicor P21 offers a comprehensive cost accounting module that enables companies to track and assign costs to specific products, customers, or departments. This data can then be used to analyze profitability and identify potential savings opportunities.

Multi-Currency Support: For international companies, multi-currency support in Epicor P21 is a valuable feature. The system can support multiple currencies and exchange rates, enabling companies to manage and analyze their finances in a global context. This is especially useful for companies that have customers or suppliers in different countries.

Integration with Third-Party Solutions: In addition to its own financial analytics capabilities, Epicor P21 integrates seamlessly with third-party financial and analytical tools. This enables companies to incorporate data from other sources to gain a deeper understanding of their financial performance. Integration with popular tools such as Microsoft Excel also allows users to more easily edit and analyze data in familiar interfaces.

Overall, Epicor P21 offers a range of features for advanced financial analysis, making it a powerful tool for companies looking to improve financial management.