What's new in manufacturing software?
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What's new in manufacturing software?


In manufacturing, most companies can’t make products any faster or cheaper, so they need to achieve efficiencies through data and the back office. ERP, data analytics and the new Epicor Financial Statements manufacturing software helps facilitate these gains. Many manufacturers using Epicor ERPs benefit from the partnership between Phocas and Epicor and use the white-labelled Epicor Data Analytics plus Epicor Financial Statements to do systematic analysis of their data and monitor KPIs.

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Topics: Industry - Manufacturing, Financial Statements, data analytics, data visualizations, KPIs and metrics

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What's new in manufacturing software?


In manufacturing, most companies can’t make products any faster or cheaper, so they need to achieve efficiencies through data and the back office. ERP, data analytics and the new Epicor Financial Statements manufacturing software helps facilitate these gains. Many manufacturers using Epicor ERPs benefit from the partnership between Phocas and Epicor and use the white-labelled Epicor Data Analytics plus Epicor Financial Statements to do systematic analysis of their data and monitor KPIs.

Read more

Topics: Industry - Manufacturing, Financial Statements, data analytics, data visualizations, KPIs and metrics

Attract and keep the best finance talent with financial analysis software

There is a global shortage of finance talent. Yet there is also a growing push toward having a more modern finance team that can be ready for anything, can quickly share up-to-date numbers and coach others in the business about financial performance. The biggest obstacle to achieving digital innovation in finance is the lack of trained teams. To help address the problem, companies need to consider intuitive financial analysis software. These tools can build a bridge to digitizing finance capabilities providing benefits for both the experienced finance team member and the rookie.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Financial Statements, Dynamic reporting, business intelligence dashboards, data visualizations

Why a single source of truth for data management is critical for HVAC&R company

Resolute Industrial (Resolute) is the largest independent provider of temporary HVAC&R solutions in North America. The Indianapolis-based company has around 250 employees that serve customers across all industries from more than 40 depot branches and sales offices. It has recently grown 3 times its size so the need for a single source of truth and the ability to manipulate and dig into its business and financial data is paramount. Resolute has an aggressive growth path through acquisition, so to seamlessly integrate data from a growing number of data sources and see the big picture is critical.

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Topics: Case Study, Business Intelligence Basics, Job Role - Finance, Industry - HVAC/Plumbing, Job Role - Executive, Financial Statements

How sharing data makes financial performance everyone’s responsibility

The finance team has always turned to numbers to answer its questions, and as the current economic environment has forced businesses to act faster, everyone needs real-time access to critical financial performance. Many finance teams follow the old method of storing information in a silo, and introducing new technologies seems like turning a giant wheel. Nevertheless, the finance teams can adopt new ways of working to share credible data.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Financial Statements, Dynamic reporting, business intelligence dashboards, data visualizations

How Trade Supply Group customizes financial statements across 14 locations

Trade Supply Group, New York, operates a number of companies that specialize in the distribution of building materials for trade and retail customers. Each company’s management operates autonomously while benefiting from the economies of scale that come from being part of a larger organization. Trade Supply Group added Phocas financial statements software to its tech stack which customizes and automates month end reporting across 14 operating locations, allowing branch managers to monitor financial performance and make fast, accurate decisions.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Financial Statements, Dynamic reporting

How to automate financial statements in minutes

What does the month-end look like in your business? Does the finance team spend a lot of time pulling data from your enterprise resource planning (ERP) system into spreadsheets so they can manipulate it into the standardised format? Is there a lot of wasted effort, double checking and renaming? For many, the process of preparing the data is a huge time waster and takes a lot away from analyzing the data. A new finance solution allows the accounting department to quickly customize and automate financial statements like the income or profit and loss statement and balance sheet in minutes.

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Topics: Business Intelligence Basics, Job Role - Finance, Financial Statements, Dynamic reporting, data analytics

How to democratize data-driven decision-making?

The need to know what decision-making is critical when everything is a priority has been highlighted by the pandemic. To democratize decision-making, an organization needs to break it down into manageable pieces. This ensures that responsibilities for making and executing critical decisions are transparent, and people have accurate data and technology to support them. An excellent way to determine what the important decisions are in your company is to look at the sources of value in your business and then organize the data-driven decision-making around them.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Financial Statements, decision-making, Dynamic reporting

Improve interdepartmental communication with dynamic financial reporting

Departmentalization has its benefits — department members can align their skillsets, concentrate on specific tasks and become experts within the company. But to tackle the multifaceted challenges that modern businesses face, to be successful these departments need to work together and coordinate their approach

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Financial Statements, Dynamic reporting, business intelligence dashboards, data visualizations

Five ways data analytics helps cash flow management during a downturn

With the global economy in trouble, many companies are unable to maintain desired profit margins and generate the cash flow required to fund normal operations. For distribution businesses, use your data to prioritize who's buying and who's selling, and then determine what specific products customers are buying and whether you can supply those products. Data analytics provides strong visibility into the sources and uses of your cash and will help determine how both ends of your supply chain are holding up.

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Topics: Business Intelligence Basics, Job Role - Finance, Industry - Wholesale Distribution, Job Role - Executive, Financial Statements, Dynamic reporting, data analytics

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