Formally announced at the 2024 Epicor Momentum International Partner Conference, Epicor's International Partner of the Year Award 2023 has been awarded to Precise Business Solutions for their unwavering commitment to Epicor's mission in delivering best-in-class Cloud ERP solutions.
New Epicor Module For Projects
Published Jun 17, 2020
New Epicor ERP Software Module Fills Market Gap for Integrated Project and Contract Management Solution
As part of the 10.2.600 release of its enterprise resource planning (ERP) solution, Epicor has launched the much-anticipated Epicor Advanced Project Management modules, filling a gap in the market for businesses that have a need to manage complex contracts and multi-faceted projects within their Epicor ERP system.
The fully integrated Epicor Advanced Project Management solution provides the ability to manage complex projects and contracts, claims, subcontractors, variations and revenue recognition, natively within the Epicor ERP system.
The extension to Epicor ERP’s core project management capabilities has been developed by Australian software company and Epicor platinum ISV partner Precise Business Solutions. The software has been built within the Epicor development framework, and Precise Business Solutions is one of only two Epicor partners worldwide to do so.
“We know from our experience working with businesses that manage complex projects and contracts, that executing the design, delivery, fabrication and installation for major projects necessitates being able to easily and accurately capture all costs. These projects often involve complex contractual relationships between the customer and vendor, and ensuring that there is automated and easy to use functionality across these value streams is also critical in the ‘New Now’ of today’s business environment,” said Precise Business Solutions Managing Director, Mark Batina.
“In addition to managing in-house resources and deliverables, the management of subcontractor terms and outcomes for strategic pieces of work can also prove challenging, especially if they are not clearly linked within business processes and systems to the one or more customer contracts they are working on. Epicor Advanced Project Management is the ultimate solution for businesses that manage projects, contracts and sub-contracts as part of their core business.”
Epicor Advanced Project Management extends Epicor ERP’s project capability in three distinct areas that you will not find in another standard enterprise resource planning (ERP) solution:
- Advanced Project Accounting – provides full project ledger visibility, cost-code level budgeting and cost and revenue recognition.
- Advanced Contract Management– define complex contract structures, including a sophisticated billing engine (progress, milestone, fixed price, quantity, planned, cost mark-up, pricelist) with revisions and variations.
- Advanced Subcontract Management– control larger sub-contracts with full work breakdown structures and payment application processes.
“We are excited to release Epicor Advanced Project Management as it enhances our financial offering. This new solution provides our manufacturing customers with the complete control and visibility they need, especially during this time, to make informed decisions and necessary adjustments to ongoing and future projects.” said Lee An Schommer, Senior Vice President of Product Management at Epicor.
Inspired to Act?
Book a Discovery Call with our ERP expert in the Benelux region to learn more about how an ERP system can transform your business.
Subscribe to our LinkedIn Newsletter and get alerts when we post about topics that matter to you.
Related Articles
Automation to Boost Procurement
A deficit or bottleneck in one area of the procurement process will impact other areas, and ultimately increase the cost of doing business. Combining digitalisation and automation via an ERP system allows procurement to become a strategic function that adds value, enhances customer satisfaction, and drives business growth.
Improve Team Working with ERP
An ERP system breaks down communication and collaboration silos. And when everyone is working together sharing information and resources, they can achieve better business results.
Ready to Level-Up Your Purchasing?
A business's ability to embrace a strategic and systematic approach to sourcing goods and services results in many advantages. But how do you know if your business is ready to take purchasing to the next level and embrace a procurement mindset? And, how does procurement technology fit into the picture?
Precise Wins Epicor Award 2022
Precise Recognised...
Purchasing v Procurement
A better understanding of the differences between 'Procurement' and 'Purchasing' will make it clear that the two terms are not interchangeable. They are differences that any organization operating in today's business climate needs to know.