Configured to Accommodate your Unique Business Needs
Epicor Financial Planner is a new generation of finance process automation solution that helps finance teams efficiently handle vast amounts of data in a short period of time.
EFP works natively with cloud or on premises ERP systems: Kinetic, Epicor ERP, iScala, Enterprise, P21, and other external ERP systems
Packages
Cloud Epicor Financial Planner has four (4) available packages: Financial Reports by EFP, Basic, Standard, and The Works. These packages include many features which can later then be upgraded with content packs.
Additional Modules for EFP
EFP Standard and EFP The works allow you to supplement your reporting and budgeting solution. Note that Financial Reports by EFP and EFP Basic DO NOT have add-on modules option. The minimum package for this has to be EFP Standard.
What are the SaaS Packages of EFP?
REPORTING
DASHBOARDING
BUDGETING
FORECASTING
PREDICTIVE PLANNING
CONSOLIDATION
FINANCIAL REPORTS BY EFP
The most affordable Web Reporting only package of EFP
Smart & reliable finance process automation solution
What is Financial Reports by EFP?
Financial Reports by EFP is the most affordable package in the EFP family. This is the perfect package to start out your finance improvement journey with EFP.
It is a web reporting only package, but it has everything you need for a quick and accurate generation of financial statements.
With financial reports by EFP, you can get General ledger connection for a robust web financial reporting, the option to download web reports into Excel, subscribe to reports feature, drill functionality, server-based business rules automation, 1 reporting currency, cash flow automation, 1 reporting currency, 1 legal entity, and 1 production environment.
If you need budgeting functionalities, access to book publisher, support for more than 1 currency, a set-up of more than 1 legal entity in the system or the option to add an additional module, you are better off using EFP Basic or Standard.
EFP BASIC
The basic but full-bodied EFP package for Reporting & Budgeting
Smart & reliable finance process automation solution
What is EFP Basic?
The most affordable package of EFP is Financial Reports by EFP but this package is only focused on financial web reporting. EFP Basic is the next most affordable one that contains budgeting features.
With EFP Basic you can get financial reporting (both in Web and Excel), in-line analytics in web reports, text comments in reports, 1 reporting currency, 1 legal entity, and 1 production environment.
If you have E7/Enterprise and iScala ERP system, you are better off with SaaS EFP Standard as EFP Basic will not allow native integration to those systems.
EFP STANDARD
The Reporting and Budgeting package with an excellent value for money
Smart & reliable finance process automation solution
What is EFP Standard?
EFP THE WORKS
The premium package of EFP
Smart & reliable finance process automation solution
What is EFP The Works?
The most affordable package of EFP is Financial Reports by EFP but this package is only focused on financial web reporting. EFP Basic is the next most affordable one that contains budgeting features. EFP Standard is the package above EFP Basic which contains advanced web and Excel Reporting and Budgeting features.
EFP The Works is the premium package of Epicor Financial Planner. This package contains all the complete features of EFP and is widely used by many finance departments with advanced reporting, budgeting, and consolidation needs.
The capabilities found only in The Works are as follows: unlimited reporting and budgeting currencies, unlimited legal entities that can be set up in the system, audit trail, commissions calculation, the ability to add models to extend to any process or data source, Advanced business rules setup, inter-model business logic, unlimited number of source systems supported, 4 EFP environments included (prod, test, dev, UA), 5 SaaS instances, native connection to on premises ERP systems E7 and iScala.
What are the key features of EFP?
Ready to use Reports
Download Reports and Budgets to Excel
Machine learning Forecasts
Machine learning Forecasts
Multi-level approval workflow
Scenario management
Currency / FX handling
Currency / FX handling
Business rules automation
Simple and Advanced Consolidation
Is EFP the right solution for you?
Does SaaS EFP only work with SaaS ERP systems?
Does SaaS EFP only work with SaaS ERP systems?
No. SaaS EFP (whether basic, Standard or The Works) work for ERP systems deployed in the cloud or on premises. You do NOT need to have on premises EFP if you have your ERP system on premises. In fact, we strongly recommend SaaS EFP products because it contains more capabilities than the on premises one.
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How does EFP work?
How does EFP work?
EFP pulls data directly from your ERP system (whether deployed in the cloud or on-premises). This means that EFP initially follows the account mapping in your general ledger to start with. If you want to change how certain items are mapped, you have the power to do this within EFP while leaving your ERP data intact to ensure GL integrity.
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Is EFP complex to use and implement?
Is EFP complex to use and implement?
EFP is a deep and feature-packed tool. It is known to solve complex challenges in finance but just because it can handle complex issues with ease does not mean it can solve only complex issues. EFP is used by finance customers across industries for issues ranging from very simple to highly complex. EFP strikes a balance between ease of use and deep capabilities.
When it comes to implementation, EFP has adopted measures to streamline the implementation of EFP bringing down the number of hours needed to implement EFP ranging from 20 hours – 100 hours depending on scope.
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Why Choose EFP?
Streamlining & automating finance processes is the core of EFP
Automate complex tasks with rules
A curated view to highlight numbers that matter to you
Always the ideal way of working
Heavy focus on user acceptance and ease of use
Quicker time to productivity
A real step towards the future of FP&A
A complete picture of your business
Did you know that there is a growing number of customers shifting to EFP for reporting and budgeting? The reason they shift to EFP are as follows:
- Customers realized after a while that EFP´s web and Excel reporting capabilities are superior to that of its competitors. Creating reports and formatting reports is quick and easy with EFP.
- Dashboards in EFP require no coding at all to set up keeping true to its promise of a non-technical solution for finance and business users.
- The budgeting features of EFP are deeper and more sophisticated than the alternatives in the market. Capabilities like allocations, machine learning-powered budget predictions, multi-level approval, scenario management, FX and HR budgeting, commissions calculations, consolidation features, and support for IFRS and GAAP are a few of the capabilities in EFP not found in other solutions.
- Many solutions in the market claim to be easier and faster to implement than EFP which in some cases might be true. However, once the customer starts using them, they quickly stumble into a functionality limitation whereby they cannot do many things they would have wanted to do in terms of reporting and budgeting or consolidation. In EFP, hours are streamlined for implementation and the ability to scale is truly wide and far-reaching because of its modular approach.
- Customers with high volume of data suffer from performance lag with other products whereas this is not a problem with EFP. EFP is designed from the ground up to handle transactional data processing making its performance superior to that of its competitors.
