SOURCE: Epicor Software Corporation

Epicor Software Corporation

June 04, 2013 09:30 ET

Epicor Announces Cost Accounting Solution for Germany

Epicor Teams Up With macs Software to Provide Specific Cost Accounting Functionality for German Businesses

DUBLIN, CA and FRANKFURT, GERMANY--(Marketwired - Jun 4, 2013) - Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, today announced that it has signed an alliance agreement with macs Software, a software vendor that specializes in developing business performance management solutions. As a result of the alliance companies doing business in Germany now benefit from being able to use a locally-compliant cost accounting solution that is fully integrated with the Epicor next-generation enterprise resource planning (ERP) system, Epicor ERP.

"We are delighted to announce the availability of a fully integrated cost accounting solution for our existing and prospective German customers," said Hermann Stehlik, regional vice president for Epicor in Central Europe. "The best-of-breed nature of macs Software and their costing solution help businesses in Germany improve strategic planning and better manage new business initiatives. Designed based on solid principles advocated by leading experts such as Oliver Wight, Kilger and Plaut, the cost planning functionality is a must for businesses in Germany and a great addition to the Epicor ERP solution."

Together with Epicor ERP, the new cost accounting solution helps companies develop business plans and make decisions faster because multiple business scenarios can be compared in parallel so that strategic planners can easily see which scenario will be the most successful. It also supports rapid copying of master data without adversely burdening the ERP system for areas such as work plans or bill of materials. Companies can use the solution to generate complete income statements at both customer and product level, as well as include all the costs of the supply chain.

"The close alliance with Epicor means that not only will customers see benefits from using the unique cost accounting software but they will also benefit from our long standing expertise within the area," said Volker Faulhaber, chief executive officer for macs Software. "We specialize in helping companies compare business scenarios so that they can make fully informed business decisions based on accurate forecasting and planning information. Using cost accounting in conjunction with an ERP system provides organizations with a complete business planning solution that can help them become more agile and flexible in today's competitive market."

Markets now face the effects of globalization, with increased competition leading to exceptional pressure on profits. The methodology behind macs software helps companies to significantly enhance profit. It is vital, for example, to effectively manage customer contribution margins, something that can only be done by basing management accounting on accurate numbers from across the entire business. Another key to how companies can maximize profitability is to apply a forward-looking view using an integrated business planning process (IBP). The cost accounting solution enables a business to convert a demand plan into a profit plan, and has the ability to carry out 'what-if' scenarios, for example by applying high level assumptions of changes to material, resource costs, product mix changes, BOM and routing changes, sales volume, etc.

"The fact that we are partnering with one of the leading best-of-breed providers for this functionality provides credibility to the solution. It means that companies can be confident that it will work and that they will gain significant business benefits," said Stehlik. "Any strategic planner, CFO and CEO should have Epicor ERP on their shortlist when considering how to improve their business by using technology. The addition of a cost accounting solution will inspire them to innovate and grow their business."

About Epicor Software Corporation
Epicor Software Corporation is a global leader delivering inspired business software solutions to the manufacturing, distribution, retail and services industries. With over 40 years of experience serving small, midmarket and larger enterprises, Epicor has more than 20,000 customers in over 150 countries. Epicor enterprise resource planning (ERP), retail management software, 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 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.

Follow Epicor on Twitter @Epicor, @EpicorUK, @EpicorEMEA, @EpicorANZ, @EpicorLAC, @Epicor_Retail, @Epicor_DIST, @EpicorPrcsMFG and Facebook.

Epicor and the Epicor logo are trademarks of Epicor Software Corporation, registered in the United States and other countries. 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.

Contact Information

  • Contact:
    Lisa Preuss
    Senior Director, Public Relations
    Epicor Software Corporation
    +1 (949) 585 4235
    lpreuss@epicor.com

    Nicolai Henze
    Marketing Manager
    Epicor Software Corporation
    +49 (69) 6 77 33-128
    nhenze@epicor.com