Epicor Launches On-Demand Advanced Collection Solution to Complement Its Next-Generation ERP Suite
Epicor Cash Collect, Available in the Cloud or On-Premise, Extends Accounts Receivable Module in Epicor ERP Enhancing the Collections Process
Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, today announced the release of Epicor Cash Collect, an extension of the accounts receivable module in the next-generation Epicor enterprise resource planning (ERP) software solution which helps streamline and automate accounts receivable, credit and collections activities.
“Epicor Cash Collect is an important addition to Epicor ERP,” said Chris Purcell, product marketing manager at Epicor. “The collection of accounts receivable is often an overlooked asset in business and this new application will help ensure that the process is easy and efficient for Epicor customers.”
Epicor Cash Collect centralizes credit and collections activities in a single database with integrated email, phone dialer options, and full reporting and analysis. It enables companies to document phone calls, review cash forecasts, track invoice disputes, and keep employees informed through automated communications. According to independent research and advisory firm PayStream Advisors, companies that implement systems like Epicor Cash Collect typically realize a return on investment (ROI) in as little as two months and usually in no more than six to nine months.
Recent studies indicate that 39% of invoices are paid late and that customers have an average days sales outstanding (DSO) of 61 days, even though the average credit terms are 29 days. Most companies end up writing off approximately 4% of accounts receivable every year, which for a $10 million company can amount to about $400,000. Further, the longer an invoice goes unpaid, the less likely it is to ever be paid, resulting in significant losses. Epicor Cash Collect can simplify, organize, automate and streamline accounts receivable collection so that companies can reduce bad debt write-offs and cost of credit, while increasing overall cash flow.
Epicor formed a strategic alliance with e2b software in order to provide its customers with this new credit and collections management application. Epicor Cash Collect will be offered in a Software-as-a-Service (SaaS) model via the cloud or on-premise, allowing customers to choose the licensing and deployment option that is the best fit for their organization.
“Our alliance with Epicor brings a sophisticated, integrated, collection management application to organizations leveraging the next-generation Epicor ERP suite,” said Lynne Henslee, president of e2b software. “Epicor Cash Collect will be a valuable tool for both new and existing Epicor customers.”
· Epicor Cash Collect extends the accounts receivable module in Epicor ERP to enhance the collections process
· Epicor Cash Collect centralizes credit and collections activities in a single database with integrated email, phone dialer options, and full reporting and analysis
· Companies that implement systems like Epicor Cash Collect typically realize a return on investment (ROI) in as little as two months
About Epicor Software Corporation
Epicor Software Corporation is a global leader delivering business software solutions to the manufacturing, distribution, retail and services industries. With nearly 40 years of experience serving midmarket organizations and divisions of Global 1000 companies, Epicor has more than 20,000 customers in over 150 countries. Epicor enterprise resource planning (ERP), point of sale (POS), supply chain management (SCM), and human capital management (HCM) enable companies to drive increased efficiency and improve profitability. With a history of innovation, industry expertise and passion for excellence, Epicor inspires customers to build lasting competitive advantage. Epicor provides the single point of accountability that local, regional and global businesses demand. The Company’s headquarters are located in Dublin, California, with offices and affiliates worldwide. For more information, visit www.epicor.com.