- 10 May 2017
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There are always tradeoffs with ERP systems, especially for use in different markets. Epicor scores highly for functionality across the board. Because of the cost of ERP systems, it’s important that businesses see the quickest ROI possible. Epicor allows businesses to quickly justify their initial investments.
Most companies began using ERP software at the turn of the 21st century. Implementing systems was a costly proposition that often ran into millions of dollars. Since then, organizations have had to stay current through periodic upgrades.
As time went by, software upgrades didn’t offer customers the features they needed. Support was often less than stellar. Adding to the problems is the fact that support issues often arise from the organization’s use of custom code. But software vendors don’t support custom code and the customers are left trying to deal with problems themselves.
The Epicor Solution
Epicor ERP was designed with the needs of today’s users in mind. It helps organizations take advantage of the current economic landscape, delivering choice, flexibility, and agility to drive business growth and increase profitability. The system’s modular approach allows organizations to reduce cost, streamline processes, and improve customer responsiveness.
Epicor’s flexible, scalable ERP can be customized to fit an organization’s specific needs and budget.
Let’s look at some of the important considerations involved in selecting an ERP system. While detailing these criteria, we’ll look at how Epicor ranks for each one.
- Market Share
While an ERP system’s market share doesn’t necessarily mean it’s the best on the market, it is one indicator. The degree of market penetration can indicate the amount of money the developer spends on R&D. Epicor’s market share puts it squarely in the top 10 ERP systems.
- Implementation Time
To quickly realize the most ROI, ERP systems need to be deployed as quickly as possible. According to independent research conducted by Panorama Consulting Solutions, Epicor is one of the top 10 ERP vendors in terms of implementation time, with a rating of 37.5 months.
- Implementation Costs
The amount of money organizations spend on ERP implementation varies widely, from hundreds of thousands of dollars to tens of millions of dollars, depending on the size of the company. To come up with meaningful figures, the study considered the implementation costs associated with different company sizes. The results are expressed as a percentage of the organization’s annual revenue. Epicor scored 5.4 in the top 10 ranking among ERP vendors.
- ERP System Functionality
When an organization purchases a new ERP system, they’re seeking functionality that will meet their specific needs. As might be expected, each ERP system has particular strengths and weaknesses. A system that works well for one organization may lack specific features that make it valuable for another. Epicor ranks third in the top 10 vendors for system functionality.
- Time to Realize Business Benefits
Time is money. One factor the study examined was the length of time it took for companies to reach the point where the benefits of the ERP system passed the break-even point and began to show a return on their initial investment. This ranges from months to years. Epicor comes in at 8.6 months, ranking number 2 in the top 10 ERP vendors.
How Epicor Enables Growth
With the different ERP systems available today, it’s important to select the one that best meets the needs of your organization. Epicor’s ERP will allow your organization to grow its business and reach new markets. Epicor expands with your changing needs thanks to configurable real-time mobile capabilities.
Epicor ERP offers 5 key principles that provide faster time to value:
- More effective collaboration: Allows employees, customers and suppliers to build inspired relationships.
- A choice of deployment options: Choose from on-premises, hosted, or cloud deployment.
- Responsiveness: Allows for rapid deployment.
- Simplicity: Increases scalability and performance.
- Mobility Solutions: Extends value to remote users.
Epicor delivers ERP and retail solutions to 20,000 customers around the world. With so many customers using Epicor ERP software systems, it’s not surprising that Epicor took the number 1 spot as the top solution by SelectHub in 2016.
Epicor’s Partnership With Cre8tive Technology
Cre8tive Technology & Design has been identified as one of Epicor’s Preferred Partners, providing ERP solutions that meet a variety of complex business needs. The company offers ERP software solutions that help businesses run efficiently, as well as a full suite of services spanning from tailored solutions to implementation to hosting. More than 500 customers have chosen to work with Cre8tive Technology to improve their business operations and modernize their technology. Cre8tive Technology specializes in tailoring Epicor’s ERP solution for industries such as aerospace and defense, discrete manufacturing, engineer-to-order, medical device manufacturing, furniture and fixtures, high tech and electronics, and industrial machinery.