Epicor, a global leader of industry-specific enterprise software to promote business growth, has acquired DSPanel, a global provider of cloud-based financial planning and analysis (FP&A) solutions and existing Epicor ISV partner.
This 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.
In addition, the acquisition includes DSPanel’s cloud-based FP&A solution which is currently offered to Epicor customers as Epicor Financial Planner and is fully integrated with the Epicor Industry ERP Cloud and delivers a unified, configurable, data-harmonized solution.
Epicor Financial Planner transforms financial and operational data through AI and ML, and can predict financial models and uncover insights by aggregating and analyzing data from diverse sources including ERP and Supply Chain Management 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.
Steve Murphy, CEO of Epicor, said: “Agility is paramount in today’s complex landscape of ever-changing market dynamics.
“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.”
Jan Morath, CEO of DSPanel, said: “At DSPanel, we’ve always been focused on helping organizations optimize their financial and reporting processes to support strategic decision-making across the business.
“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.”