PERSPECTIVES 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
its Smarter Business Intelligence (BI) initiative that builds on
the real-time, embedded and pre-packaged analytics delivered with
the Epicor 9 next-generation enterprise resource planning (ERP)
solution. The new initiative is designed to leverage the model
driven service-oriented architecture (SOA) of Epicor ERP, as well
as advanced analytic and cloud computing technologies offered by
Microsoft to bring more valuable insights, predictability and
performance guidance to businesses who are increasingly focused on
effective organization-wide execution and growth through
innovation.
"Epicor continues to be a leading strategic Microsoft partner,
delivering innovative business applications leveraging Microsoft
technologies and platforms," said Bob Maher, Sr. Director at
Microsoft Corp. "The development Epicor is doing around advanced,
predictive analytics that will utilize SQL Server PowerPivot and
the Windows Azure platform will help transform the way business
users utilize the abundance of data inside their ERP systems, with
the ability to model and analyze information rapidly for greater
business insight."
"Epicor continues to turn the traditional concept of business
intelligence on its head, by taking it out of the hands of a
limited number of analysts and technicians and letting all end
users easily define, access and act on the information they need,
wherever and whenever they need it," said James Norwood, senior
vice president, worldwide product marketing for Epicor. "Our
smarter BI initiative is about delivering the right information to
the right users at the right time based on their business role and
their company's business performance goals. It's a unique new
approach to comprehensive business insight."
Smarter BI is for everyone -- In-Context,
Role-Based and Available Anywhere
According to a recent report by Forrester Research, Inc.,
"Business users are demanding self-service BI tools with which they
can fulfill most of their reporting and analysis requirements with
minimal or, preferably, no involvement from IT." ("The State of
Business Intelligence Software and Emerging Trends: 2010,"
Forrester Research, Inc., May 10, 2010)
Smarter BI begins with this sentiment in mind and is founded on
role based and deeply embedded analytics that are increasingly
delivered in-context to the task at hand, and are easy to create,
deploy and access by end users. This is in stark contrast with
traditional BI systems that often stand apart from the application
and business context and require IT specialists to configure and
run. Epicor ERP offers a variety of end user focused tools as
standard including business activity queries (BAQ), operational
reporting and role-based dashboards that can be mashed up with more
advanced analytics to create powerful composite applications on the
Web, within Microsoft SharePoint or on mobile devices securely,
easily and without recourse to IT resources.
Smarter BI Means Better Business Insights --
Comprehensive Packaged Content puts Users in Control
Epicor Enterprise Performance Management (EPM) Server and EPM
Performance Canvas combine to deliver an end-to-end analytics
platform that offers plug and play operational data store, OLAP
cube creation and management, and rich data visualization of key
metrics and trends selected by users. The key value to the Epicor
EPM platform is provision of pre-packaged industry analytics that
remove the need for additional IT involvement. With more than 40
cubes defined within Microsoft SQL Server Analysis Services
offering over 400 business metrics backed by more than 1600
dimensions and 800 measures, users are empowered to gain broad
insights from every part of the business. Furthermore, with
wiki-based search technology and full mobile deployment appearing
within Epicor EPM Performance Canvas business insight becomes
easier to find, share and understand.
Smarter BI Delivers Fast Results -- From
Reporting to Budgeting to Planning
Building on the Epicor EPM platform, Epicor plans to deliver a
series of advanced analytic applications to deliver broad financial
reporting, budgeting, planning and modeling capabilities to
business.
The first of these, Epicor Advanced Financial Reporting (AFR)
was delivered with Epicor 9.05 earlier this year. Designed for
business users, AFR builds upon Epicor Financial Management
applications to meet the comprehensive needs of global
organizations for advanced financial reporting. Created in the post
Sarbanes-Oxley world, Epicor AFR is the first next-generation
financial reporting tool that fits the growing financial needs of
today's accounting professionals. Epicor AFR is a strong automated
finance solution that offers robust, global financial visibility
and regulatory reporting -- to improve accuracy and ensure the
integrity of an organization's financial data.
Currently in development, Epicor Advanced Financial Planning
(AFP) is a new Microsoft Windows Azure based service that will
offer financial budgeting and extensive operational modeling
versions, and is expected to leverage Microsoft's new in-memory and
data discovery analysis tool, PowerPivot for comprehensive modeling
of extended and larger data volumes. Once again, designed for easy
access and update by business users based on their tool of choice,
Epicor AFP is expected to offer Windows, Web, Mobile and Microsoft
Office user experiences as well as cloud and on-premise deployment
options.
Both applications are created with Epicor ICE Business
Architecture, which allows extension through Epicor True SOA™ for
use with other Epicor and non-Epicor products.
Smarter BI Aligns Operations with Strategic
Goals -- Actionable Analytics Leave Nothing to Chance
The last aspect of the new initiative is designed to offer
businesses of all sizes access to actionable forward looking
analytics and key performance indicators (KPI), previously the
domain of larger enterprises with more elaborate IT budgets. By
combining the Epicor EPM platform with Epicor business process
management (BPM) and Epicor Best Practice models, a complex
processing engine that enforces analytic integrity alongside
existing transactional integrity rules and directives can be
achieved.
Currently in development, Epicor will tie its best practices
models and return on investment (ROI) calculations -- effectively
combining years of market analysis, industry research and
implementation experience -- with its EPM and BPM subsystems to
deliver actionable analytic KPIs, to help deliver real-time
guidance based on strategic performance goals. Along with
delivering a balanced scorecard of metrics reflective of what a
company is trying to achieve, the new actionable analytics will
provide near real-time updates around what-if scenarios of actual
versus plan, and communicate and apply forward looking business
rules based on every day operational activity.
According to Gartner, Inc., "When BI and analytic capabilities
are integrated into business processes, decisions are more
traceable, accurate, repeatable and scalable. So, it is important
that any BI and analytic investments support decision making in the
context of business processes."(1)
Epicor expects its new smarter BI initiative to help businesses
establish a culture of high performance where all stakeholders are
aware of what's important to the company, how the company is
tracking, and where their work fits in to the big picture. It's all
about aligning devices, tools and the most efficient processes to
end users, and each of the currently available or planned Epicor
applications and tools within the initiative are designed to do
just that -- align business processes with business performance
goals for maximum business benefit.
(1)Source: Gartner, Inc. "Performance Management: Top Processes
and Key Performance Indicators" by Nigel Rayner (1 March 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.
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.
Contacts: Lisa Preuss Director, Public Relations Epicor Software
Corporation 949/585-4235 lpreuss@epicor.com Damon Wright Vice
President, Investor Relations Epicor Software Corporation
949/585-4509 dswright@epicor.com
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