Epicor has acquired DSPanel, a global provider of cloud-based Financial Planning and Analysis (FP&A) solutions and an existing Epicor ISV partner. The acquisition extends the Epicor portfolio of best-in-class financial management solutions, helping makers, movers, and sellers worldwide streamline and simplify budgeting, planning, forecasting, scenario modeling, and financial reporting. Financial terms were not disclosed.
The acquisition includes Performance Canvas, DSPanel’s cloud-based FP&A solution. The technology, which is currently offered to Epicor customers as Epicor Financial Planner, is fully integrated with the Epicor Industry ERP Cloud and delivers a unified, configurable, data-harmonised solution that supports financial, supply chain, workforce, sales, and marketing needs across an organisation.
“Agility is paramount in today’s complex landscape of ever-changing market dynamics,” said Epicor CEO Steve Murphy. “Our acquisition of DSPanel will give CFOs and other business leaders a highly scalable FP&A solution to get to the right insights at the right time and take action to maximise business performance.”
Epicor Financial Planner transforms financial and operational data through the power of Artificial Intelligence and Machine Learning, such as the ability to predict financial models and uncover insights by aggregating and analysing data from diverse sources including ERP and Supply Chain Management (SCM) systems. The solution also automates complex tasks to reduce errors and save time in period-end closings, multi-site consolidations, and financial report management and communications.
“At DSPanel, we’ve always been focused on helping organisations optimise their financial and reporting processes to support strategic decision-making across the business,” said DSPanel CEO Jan Morath. “By joining with Epicor, we’re excited to expand on our long-time relationship and strengthen our work to help companies increase profitability, manage and improve departmental performance, and facilitate organisational change.”
About Epicor
Epicor Software Corporation equips hard-working businesses with enterprise solutions that keep the world turning. For nearly 50 years, Epicor customers in the automotive, building supply, distribution, manufacturing, and retail industries have trusted Epicor to help them do business better. Innovative Epicor solution sets are carefully curated to fit customer needs and built to flexibly respond to their fast-changing reality. With deep industry knowledge and experience, Epicor accelerates its customers’ ambitions, whether to grow and transform or simply become more productive and effective. Visit www.epicor.com for more information.
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