Panorama Consulting: Top ERP Systems 2024

Panorama Consulting, known worldwide for its comprehensive assessment of ERP systems and vendors, has just released its TOP 10 ERP SYSTEMS REPORT, 2024.

Here’s what the report has to say regarding Epicor Kinetic for Manufacturing:

Key strengths for EPICOR Kinetic for manufacturing:

  1. Leverages the power of ChatGPT to deliver predictive analytics and contextual recommendations via the Epicor Virtual Agent
  2. Allows you to implement Epicor Advanced MES as an add-on to capture data directly from machines and operators and get real-time analytics in a visual format
  3. Provides governance, risk, and compliance tools for addressing legal, regulatory, and supply chain mandates.

Read the full report here.

SMB’s Are Adopting ERP Technology – WHY?

 Small to midsized businesses (SMBs) face a number of challenges in todays marketplace.

Under pressure to remain competitive while cutting costs, SMBs adopt ERP systems to:

  1. diversify their business models,
  2. enable descriptive and predictive analytics, and
  3. improve supply chain operations.

Furthermore, SMBs have less tolerance for drawnout implementation projects and continuous ERP consulting spend to configure and adapt their systems. To address these challenges, ERP vendors invest in industryspecific ERP packages, selfservice tooling for extensibility and analytics, and solutions to support HR and Sales. As the footprint of an ERP system within an organisation grows, so too does the potential value and risk. SMBs must consider the hidden costs of an ERP system as part of their evaluation, such as data storage, customisation, training, and maintenance.

Read the full report from Isaac Gould of Nucleus Research here.

Gartner names Epicor ‘Cloud ERP Leader’ for Product-Centric Enterprises

For those seeking cloud solutions to support their manufacturing, distribution, delivery and servicing of goods, Gartner has named Epicor as Cloud ERP LEADER in its 2023 Magic Quadrant.

Epicor’s cloud solutions include purpose-built, industry-specific solution packages for SME manufacturers and distributors, delivered through partners like Aspera Solutions in EMEA.

Recent innovations include enhanced analytics with its GROW business intelligence platform and further extensibility. Future roadmap investments are centered around AI-enabled, end-to-end supply chain data and analytics, including the use of GenAI and sustainability capabilities.

According to Gartner, Epicor’s top strengths are:

  • Strong midsize industry offering for discrete manufacturing and distribution: Nearly all Epicor customers are lower midsize, and it has a strong solution set to handle complex requirements for discrete manufacturing and retail/wholesale distribution. These capabilities include CPQ and advanced analytics.
  • Composable platform: Epicor leverages Microsoft Azure for infrastructure services and is able to provide a variety of services with its Automation Studio and Data Fabric. Services include integration, low-code and full-code development, AI/ML capabilities, and analytics in a variety of geographies for hosting its cloud solution. This may enable a highly composable architecture and approach for midsize customers only found in more expensive and large enterprise-focused vendor platforms.
  • Data as a service: Epicor’s product strategy increasingly focuses on a shift from transactional ERP to a data-driven operational model enabled by AI and business intelligence capabilities. This “data as a service” approach is designed to change how data is shared between trading partners to optimize supply chain processes and minimize disruptions.

Follow this link to download the full report.

Productivity Gains of 78% within a year of ERP Implementation

The Panorama Consulting Group has released its 2023 ERP Report, with interesting commentary on ERP and its key providers.

The report interviewed 183 companies (between November 2021 and August 2022), that have implemented an ERP system, and had at least one phase live at the time of interview.

Of note within the report:

  • 45% of the implementations had moderate customisation and 34% had no customisation – made possible due to minor configurations, and/or the choice of a tailored ERP solution (e.g. Epicor Kinetic for discrete or process manufacturers),
  • 90.9% of those interviewed realised inventory benefits within a year of implementation,
  • 77.7% realised productivity / efficiency gains within a year,
  • 63.9% realised labor/operations benefits within a year of implementation,
  • 76.2% realised better supplier interactions within a year,
  • 90% of respondents in manufacturing realised supply chain benefits, & finally
  • The top 3 reasons for project overruns were
  1. underestimating project staffing requirements (38%),
  2. scope creep (35%) and
  3. technical issues (34%)

Read the full report here

Aspera & Epicor Win Best Demo Award at the UK ERP HeadtoHead, 2023

Success at the ERP HeadtoHead, March 2023

Against eleven other ERP vendors (including IFS, Infor,  Microsoft Dynamics, Oracle Netsuite, Priority, SAP, SAGE, & Unit 4), Aspera Solutions has won the ‘BEST DEMO AWARD’ for its demonstration of Epicor Kinetics’ capabilities in finance and production at the recent UK, ERP HeadtoHead.

 

The award, as voted for by the event delegates, was presented to Aspera’s Senior Solutions Consultant, Andrew Kehoe, in recognition for the substantial multi-industry knowledge he displayed during the presentation, coupled with his in-depth comfort with Epicors capabilities as an ERP solution.

Thank you to all the delegates who voted so favourably for Epicor and Andrew, and thanks to Independent ERP Consultants, Lumenia, for organising such a productive and informative event.

 

The next ERP HeadtoHead will take place in Ireland on October 10-11th – we hope to see you there. 

Epicor for Manufacturing Delivers 14.2% Higher Revenue & $2.90 Million in Annual Benefits – IDC Dec. 2022

Enhance your Business Value with Epicor Kinetic

3-year ROI of 373% (on average), & investment breakeven within 9 months
 

In September 2022, IDC spoke with manufacturing companies using Epicor Kinetic (Epicor for Manufacturing) to run their operations and businesses. These customers reported that Epicor for manufacturing delivers strong value, enabling more efficient and reliable manufacturing operations, and considerably improving business results.

Interviewed manufacturers attributed gaining the automation, integration and flexibility they require to operate efficiently, flexibly, and robustly to respond to business demand. They linked these gains to operational efficiencies such as streamlined manufacturing floor operations and lower operational costs, as well as improved business results such as higher revenue and improved margins. Taken together, these benefits have allowed interviewed manufacturers to capture significant value through their use of Epicor for Manufacturing, with IDC calculating that they will realise an average three-year ROI of 373% and break even on their Epicor investment in an average of nine months.

Key Quotes from the IDC report include:

  • IDC calculates that [manufacturing companies] will realise benefits worth an annual average of $2.90 million per organisation.”

     

  • “Epicor has enabled interviewed companies to increase their capacity significantly (34% on average), allowing them to better deliver their core products to existing customers as well as grow and expand their businesses.”

     

  • “Epicor has enabled interviewed companies to significantly improve their on-time delivery rate, allowing them to deliver in a timely fashion on 94% of orders, which is an increase of 39%. This improvement greatly increased customer satisfaction”.

  • “The study participants experience 63% fewer incidents that affect manufacturing availability and performance, and that when incidents do occur, they are resolved 17% faster. As a result, manufacturing line team members lose far less productive time — an average of 63% less — which translates to higher productivity for these teams worth an average of $150,700 per year per interviewed manufacturing company”.

     

  • Epicor users within the study “also reported an average supply chain productivity gain of 26%, reflecting their enhanced ability to navigate current challenges related to supply chain activities”.

     

  • “IDC calculates that interviewed Epicor customers complete an average of 38% more inventory turns annually and avoid lost business worth an average of $271,300 annually by having the right inventory to manufacture in ways responsive to actual customer demand.”

     

  • “Interviewed manufacturing companies attribute an average of $7.14 million in higher revenue to their use of Epicor for Manufacturing. This equates to an average of 14.2% higher revenue and shows the sizeable impact of Epicor on these organisations’ ability to move to address business demand and ensure customer satisfaction through the creation and delivery of high-quality and relevant products and goods.”

Red the full report here