Epicor Announces New International Channel Cloud Program

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Updates to the Epicor International Channel Partner Program will empower partners to keep pace with increasing customer demand for cloud, whilst sustaining business growth

Bracknell, UK, September 28, 2020 – Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, announced enhanced support to its reseller network to successfully offer customers new cloud-based enterprise and SaaS solutions, while making the transition away from on-premise solutions a viable option.

Epicor has designed a new cloud commercial model for its International Channel Partner Program, which creates a solid annuity-based revenue stream, to nurture partnerships that support business growth. Partners who maintain relationships with clients and grow revenues will be rewarded with continued margins beyond the first three years of selling the product. This will help encourage resellers to embrace new offerings, such as cloud, and grow their businesses further by responding effectively to customer demands.

Whilst manufacturing customers’ spending on public cloud services continues to grow, it also creates challenges for channel partners. For example, moving customers to the cloud and away from on-premise means moving from upfront margins, and revenue streams, to monthly, or even annual, agreements. The new cloud commercial model aims to meet these challenges, and support channel partners with pressures on cashflow and revenue management, and any potential changes in the dynamics with their customers. 

Lonan Byrne, Managing Director of Aspera Solutions, commented: “As an Epicor Premium partner that has recently completed large-scale private and public cloud deployments of Epicor ERP, we heartily welcome this initiative. Our customers, especially those with multi-national operations, see clear advantages in the additional security, scalability and stability delivered by the cloud, so for Aspera this is a growth opportunity that every partner should embrace”.

Paul Flannery, VP of International Channel Sales at Epicor added: “With many companies now relying on cloud solutions to automate processes and drive efficiencies, the new Epicor International Channel Cloud Program is empowering partners to move in the direction the market is heading,” comments. “Our new cloud partner offering will help to make migration to cloud a profitable model for our international partners and enable them to not only survive—but flourish in today’s challenging marketplace.”

About Epicor Software Corporation

Epicor Software Corporation drives business growth. We provide flexible, industry-specific software designed to fit the precise needs of our manufacturing, distribution, retail, and service industry customers. More than 45 years of experience with our customers’ unique business processes and operational requirements are built into every solution―in the cloud or on premises. With this deep understanding of your industry, Epicor solutions dramatically improve performance and profitability while easing complexity so you can focus on growth. For more information, connect with Epicor or visit www.epicor.com.

Epicor and the Epicor logo are trademarks of Epicor Software Corporation, registered in the United States and other countries. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.

About Aspera Solutions

For over 20 years, Aspera Solutions has delivered world class ERP solutions that drive profitability, control and collaboration. With over 100 customers ranging from single site SME’s to global, multi-site corporations, we balance innovation with pragmatism. Delivering both out of the box and customised Epicor ERP solutions that deliver results beyond expectation.

With customer and employee relationships that have lasted decades, we are passionate about delivering excellence in ERP. And, according to our customers, we make a positive impact every time we step in the door.” For more information, visit Aspera Solutions.

Temporary Reduction in Irish Standard VAT Rate & How to Handle this in Epicor ERP

Important Notice for all Customers with Irish Operations:

As part of the Financial Provisions (Covid-19) (No. 2) Act 2020, the Irish government has  initiated a temporary reduction in VAT rate. As a result, from 1 September 2020, a 6-month reduction in the standard rate of VAT from 23% to 21% will apply.

In general, goods and services supplied before 1 September 2020 are liable to VAT at the rate in place at the time of supply, namely 23%. A trader supplying goods and services to private individuals should always apply the VAT rate in place at the time of supply. However, where goods and services are supplied in August 2020 by a trader who is obliged to issue a VAT invoice, and that trader issues the invoice after 31 August 2020, the rate in place in September applies, namely 21%.

The following is the process for adding a new 21% VAT rate for use from September 1st 2020 by utilising the effective date functionality in Epicor 9, 10.0, 10.1 & 10.2 versions.

STEP 1: Navigate to Financial Management > Account Receivable > Setup> Tax Type
 
Step 1: Navigate to Fin Mngt, Acc's Receivable, Setup, Tax Type
STEP 2: Select your current VAT Tax ID

Step 2: Select your current VAT Tax ID

STEP 3: Select New > New Effective Rate

Step 3: Select, New, New Effective Rate

STEP 4: Enter an effective date of 01/09/2020
STEP 5: Ensure the rate type is percentage
STEP 6: Enter 21.0 into the percentage field
STEP 7: Save the record

Step 7: Save

STEP 8: Select > New > New Effective Rate
STEP 9: Enter an effective date of 01/03/2021
STEP 10: Ensure the rate type is percentage
STEP 11: Enter 23.0 into the percentage field
STEP 12: Save the record

Step 12: Save

NOTE: This setup will mean that a rate of 21% will come into effect on 01/09/2020 and on the 01/03/2021 the effective rate of 23% will come back into affect.

NB: If you are using Epicor Vantage or Vista 8.0, the effective date option is not available. You will have to set the VAT rate manually at 01/09/2020 and back on 01/03/2021.