Increase your profitability with greater financial visibility
What is Epicor Prophet 21 Finance and Accounting?
Gain vital insight into your company’s current and future financial well-being with detailed solutions made with you, for you. Receive up-to-the-minute financial statements, track outstanding customer invoices, and integrate your inventory receipts and purchase orders to streamline your AP processes.
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Benefits to Distributors
While outstanding accounts receivable are considered an asset, they do little to help your cash flow until you receive payment. Using Prophet 21’s Finance and Accounting software to reduce your days of outstanding receivables is one of the most important aspects of any business—it could be the difference between success and failure.
See FeaturesStay up to date on all your bills while maintaining good working relationships with your vendors, thanks to Prophet 21’s simplified AP processes. You can also save money, as many vendors offer an early payment discount for goods and services.
Reduced closing times gives you quicker access to information about your business performance, allowing leaders to zero in on growth opportunities and quickly identify and address problem areas. As a result, you can make faster business decisions to improve your company’s future performance.
Prophet 21’s real-time general ledger provides up-to-the-minute financial statements so your business can stay flexible and agile:
The accounts receivable (AR) features within Prophet 21 allows you to keep on top of a variety of processes:
Automatically assign accounts, create prioritized tasks for collectors, and automate customer communications for billing reminders and notices with Epicor Cash Collect. This cloud-based, SaaS solution uses a modern, browser-based interface to streamline formerly manual processes—freeing up resources while reducing the potential for errors and increased credit risks.
LEARN MOREProphet 21 streamlines your AP processes with integrated inventory receipts and purchase orders. Add Epicor ECM for even greater benefits:
Rebates can be a hassle. Never again lose track of a rebate you earned, while allowing your sales and order entry staff to see proper gross margins and offer customers the appropriate pricing. With Prophet 21, each step—from negotiation to receipt and beyond—is recorded in real time and reflected in your general ledger and price schedules.
Save time managing sales tax compliance. Prophet 21 integrates with AvaTax to help you reduce risks and automate tasks during a busy time of year:
Turn your distribution data stored in Prophet 21 into actionable insights with Epicor Data Analytics (EDA), powered by Phocas®. Non-technical users have instant access to data with just a few clicks, from easy-to-read dashboards to lightning-fast grids to detailed transactions. With deeper insights into current and historical data, you can grow your business by reducing costs, identifying new opportunities, supporting specific programs, and making quicker decisions.
DOWNLOAD FACT SHEETDimensional accounting, or the ability to set up unique reports for specific areas, will arm distributors with the financial data they need to make informed and strategic decisions across their organization. These reports can easily and efficiently view and use the GL to do reporting without the need to expand the chart of accounts. Dimensional accounting allows you to track the following dimensions: Sales rep, Order classes/Order types, Project/job, Order taker, or create your own.
Epicor Financial Planning and Analysis, or Epicor FP&A for short, is a robust FP&A solution which covers financial reporting & analysis, budgeting, planning, forecasting, and consolidation in a single, easy-to-use tool.
Here are samples of its rich capabilities:
