Epicor P21 is the leading enterprise resource planning (ERP) software designed specifically for the distribution and manufacturing industries. With a comprehensive set of features, it enables companies to streamline operations, increase efficiency and improve profitability. A key aspect of modern business in which Epicor P21 excels is compliance with trade regulations, especially in the B2B sector.

B2B (business-to-business) trade involves the exchange of goods and services between two or more companies. Unlike business-to-consumer (B2C) transactions, B2B commerce involves complex and volume-based contracts that require careful documentation and compliance with various international trade regulations. Failure to comply with these regulations can result in fines, delays, and even legal consequences for companies. This is where the Epicor P21 commercial compatibility features come into play.

Epicor P21 includes a robust set of tools and modules to help companies track and manage B2B commerce compliance documentation. One of the main functionalities is the Trade Compliance Management (TCM) module, which automates the processes of ensuring compliance with international trade rules and regulations. This module improves efficiency and accuracy by reducing manual data entry and streamlining the documentation process.

The TCM module also integrates with Epicor P21’s order and shipping management features, allowing companies to tightly control export and import activities. It also allows you to create customizable workflows, alerts, and notifications to ensure all required documents are ready before orders ship. This helps companies avoid costly delays and penalties for non-compliance.

In addition to the TCM module, Epicor P21 also offers a comprehensive set of features to support B2B commerce compliance, including import and export license management, restricted party verification tracking, various international customs requirements, and free trade agreement management. These features give businesses the tools they need to navigate complex trade regulations and ensure compliance at every step.

Overall, Epicor P21 plays a key role in helping companies document regulatory compliance in B2B commerce. Its comprehensive set of features and modules not only increases productivity, but also helps companies avoid costly fines and legal consequences. With Epicor P21, companies can streamline their compliance processes and focus on growing their business while remaining compliant with ever-changing international trade regulations.