Epicor, announced it has acquired DSPanel, a global provider of cloud-based Financial Planning and Analysis solutions and an existing Epicor ISV partner. The acquisition extends the Epicor portfolio of best-in-class financial management solutions, helping makers, movers, and sellers worldwide streamline and simplify budgeting, planning, forecasting, scenario modeling, and financial reporting. Financial terms were not disclosed.
The acquisition includes Performance Canvas, DSPanel’s cloud-based FP&A solution. The technology, which is currently offered to Epicor customers as Epicor Financial Planner, is fully integrated with the Epicor Industry ERP Cloud and delivers a unified, configurable, data-harmonized solution that supports financial, supply chain, workforce, sales, and marketing needs across an organization.
“Agility is paramount in today’s complex landscape of ever-changing market dynamics,” said Epicor CEO, Steve Murphy. “Our acquisition of DSPanel will give CFOs and other business leaders a highly scalable FP&A solution to get to the right insights at the right time and take action to maximize business performance.”
Epicor Financial Planner transforms financial and operational data through the power of Artificial Intelligence and Machine Learning, such as the ability to predict financial models and uncover insights by aggregating and analyzing data from diverse sources including ERP and Supply Chain Management (SCM) systems. The solution also automates complex tasks to reduce errors and save time in period-end closings, multi-site consolidations, and financial report management and communications.
“At DSPanel, we’ve always been focused on helping organizations optimize their financial and reporting processes to support strategic decision-making across the business,” said DSPanel CEO, Jan Morath. “By joining with Epicor, we’re excited to expand on our long-time relationship and strengthen our work to help companies increase profitability, manage and improve departmental performance, and facilitate organizational change.”