EPICOR - Module - Financial Management

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Kinetic - Financial Management

With the best experience from WCS serving manufacturing business customers who implement financial software, we will provide the right solution in reducing costs, increasing cash flow, and planning master budgets.

Reveal the best and right decision-makers in manufacturing, distribution with Epicor

Kinetic is the new name for Epicor ERP Financials. With simple licensing and powerful capabilities, Kinetic can help you streamline critical financial processes.

Let's take a look at Financial Management (Epicor Kinetic) Capabilities

 

General Ledger

General Ledger (GL) is the heart of Financial Management, processing and posting all accounting transactions created throughout Epicor applications, as well as entries made directly within the ledger.

  • Multiple Books

  • ​Chart of Accounts

  • Balance Controls

  • Advanced Allocations

  • Cash Management

  • Consolidations and Eliminations

Accounts Receivable

Accounts Receivable (AR) provides a comprehensive set of tools to manage your invoicing, credit, cash management, and customer management needs. With Accounts Receivable, you know who is buying what and who is paying their bills on time.

  • Invoice Entry

  • Debit Notes

  • Interest Invoices

  • Multiple Payment Instruments

  • Invoice Logging and Numbering

  • Automatic Finance Charges

  • Flexible Tax Engine

  • Settlement Currencies & Discounts

  • etc

Accounts Payable

Accounts Payable (AP) allows you to enter supplier invoices for purchases that you make, and then create payments for the invoices you want to pay. The system can generate payments for all invoices due, those for a particular supplier, or only for specific invoices. AP allows you to update both purchase orders in Purchase Management as well as actual job costs. Adjustments are created if the purchase price does not match the invoiced price.

  • Invoices, Debit Memos, Payments

  • Payment Instruments​

  • Bank Electronic Payments​

  • ​AP Terms and Conditions

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AP Automation

Epicor ECM captures and automatically processes your AP invoices from multiple inbound sources, including existing document scanners or multifunction copiers. Invoices are automatically routed for two-way and three-way matching workflows and approvals.

  • Automatically capture and process vendor invoices

  • Improve accuracy with automated data matching​

  • Speed procure-to-pay processing time

  • Invoice approval anytime, anywhere

  • Improve vendor setup and management

  • Enhance visibility and control of the AP process

  • ​Electronic document storage helps ensure the safety and security of all files in the event of a disaster

Advanced Requisition Management
(ARM)

  • All or part of the inventory items can optionally be available in the ARM catalog

  • Purchase requests can be processed for Epicor jobs and projects

  • Non-inventory requests for goods and services are linked directly to GL accounts including budgets and GL splitting ability

  • Epicor suppliers and preferred suppliers are supported including integration with their online catalog or web store

  • Multiple locations and multiple company requisitions are supported

  • Purchase Orders, Transfer Requests, Receipts, and Accounts Payable Invoices are automatically generated within Epicor

  • Easily create a Request for Quote (RFQ) for suppliers to invite them to bid on your purchase request

  • Access or ‘punch-out’ to a suppliers web store and add items to the supplier shopping cart

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Financial Planning and Analysis

Epicor offers multiple products for FP&A enabling all businesses of different types and sizes to select their best option. Epicor Data Analytics (EDA) is a fully cloud-based, powerful Business Intelligence (BI) product with remarkable data visualization and drill-down capabilities. This product runs on any modern web browser, shortening the learning curve to a minimal level. EDA can generate financial statements that you can save in Excel format, and it can also manage your budget planning activities.

  • Epicor Data Analytics (EDA) Financials

  • Spreadsheet Server

  • Epicor Financial Planner (EFP)

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Data Discovery

Data Discovery is the data visualization tool built into Kinetic. Driven by real-time Business Activity Queries (BAQs) in Kinetic and other data sources, Data Discovery provides these Finance role-based views:

  • AR balance

  • AP balance

  • Sales YTD vs. LYTD

  • Customers past due on payments a.k.a outstanding receivables

  • Not invoiced shipments—number and amount

  • Aged payables

  • Aged receivables

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Better visibility into the financial state of your business

Manufacturing

The right solution from WCS uses Epicor software for end-to-end manufacturing that includes the best capabilities to help securely connect people, assets, workflows, business processes to production.

Distribution

We will help your Distribution run effectively with Epicor for Distribution in planning, assembling, shipping, and efficiently delivering the goods your customers want when they want them.