“3 Ways to Manage COVID-19 Disruption on Your Supply Chain” Was published by SourceDay CMO Sarah Moore on March 16, 2020. you can read the full article HERE.
“How many of your PO lines have exceptions?” – Account Executive at SourceDay
“These days? All of them.” – Global CPG Manufacturer
Manufacturing is no stranger to change, but the coronavirus is changing the game. Schools are closing, and companies have told employees to work from home. Major sporting events and tradeshows are canceled or postponed. Supply chains have started to experience all kinds of disruption. Some will struggle to keep up with record demand, as consumer fears create runs on toilet paper and canned goods. Others will shut down production because of canceled orders and watch their inventory pile up.
Unfortunately, most manufacturers depend on email and spreadsheets to manage open orders with their suppliers. Rather than foster resilience, this approach makes it more likely that they will struggle to manage the impact this global pandemic could have on their businesses.
As the supply chain point person, I rest easier knowing that SourceDay can bring me completely up to date in short order!
Troy Mauk
Director of Global Procurement at Global Interconnect
In the year 2020, there’s no need to depend on manual updates to spreadsheets and ERP systems. By using SourceDay’s cloud software and managed services, you can have a single source of truth on every line of every order. And it can be accessed by your teams from anywhere at any time.
“I immediately started looking at SourceDay to see what was confirmed and what was late. I put priorities on the hotlist, and said to our suppliers, ‘here’s what you need to focus on for the next 4 weeks.’ We implemented critical use of the ‘Hot List’ function to shepherd our suppliers in deliveries and to gain real-time insights into confirmed shipments.”
Troy Mauk
Director of Global Procurement at Global Interconnect
3 Ways to Manage COVID-19 Impact
There are three primary ways SourDay solutions help you manage the unprecedented impact COVID-19 could have on your supply chain:
Get real-time visibility to all open orders. Use SourceDay to move your open order report online so buyers and suppliers can collaborate on changes to dates, quantities, and pricing. Any approved change is automatically updated in your ERP. This will give your demand planning engine accurate supplier order fulfillment data and lets the whole business know what to expect on every line of every order.
Help your buyers and suppliers focus on the most critical exceptions. SourceDay automatically filters POs to help buyers prioritize the most important exceptions that might impact production. When buyers and suppliers spend less time updating each other in email, spreadsheets, and data entry, they spend more time making sure you ship your orders on time.
Contain cost with streamlined communication. As customer demand shifts throughout this crisis, Sourceday can help you stay on top of changes that could drive up costs. Communicate push-outs and pull-ins more quickly and systematically. Use SourceDay software to safeguard against price gouging and excess inventory.
As SourceDay CEO Tom Kieley wrote last week, the manufacturing industry is resilient. It’s weathered countless global crises because its leading companies found innovative ways to overcome unprecedented challenges. We’re being called to do that again now.
Use SourceDay Free for 90 Days
COVID-19 has moved our supply chains into uncharted territory. Global and local leaders worldwide are ready to do whatever it takes to ensure they continue to run as smoothly as possible. SourceDay’s mission has always been to do the same. That’s why we’ve decided to offer new customers the SourceDay PO Collaboration and RFQ Collaboration solution free for the first 90 days. We know this global pandemic will make the next few months particularly challenging. But we also know we can help you get through this stage if we start now.
Together, we’ll get through these unprecedented times.
SourceDay’s platform provides a digital interface between a manufacturer’s ERP system and hundreds of suppliers, automatically updating changes to delivery dates, pricing, and quantities throughout the order lifecycle and across the supply chain. Replacing manual processes with software improves customers’ understanding of the many changes that occur throughout the lifecycle of an order. Procurement teams stop spending their time on fire drills and reacting to expensive surprises. Now they have time to manage suppliers more strategically, proactively addressing pricing and quality issues and ensuring their factories receive the materials they need to meet customer commitments on time.
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass has helped modernize operations and automate processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.
The Greensboro Chamber of Commerce has been very active in delivering useful information to citizens and businesses amid the COVID-19 pandemic. One topic, in particular, was too relevant not to share with our partners and other small to medium-sized business owners in the state. Small Business Disaster Relief Loans are now an option for many businesses in North Carolina as a result of the public health crisis.
These low-interest, working capital loans are available to those in affected disaster areas.
If you want to know more about the Small Business Disaster Relief Loans, whether you qualify, and how you can apply for these funds, please watch the full action call – HERE.
North Carolina Small Business Disaster Relief Loans FAQ
WHAT ARE SBA ECONOMIC INJURY DISASTER LOANS?
Low-interest working capital loans of $2 million or less for small businesses and certain nonprofits.
WHO SHOULD APPLY?
Any small business impacted by COVID-19. Business owners should apply even if they don’t have the best credit or if they can’t prove they’ve exhausted all other means. Additionally, the SBA does not deny disaster loans solely on a business’s inability to provide collateral. If you are denied, you can reapply in 60 days.
Exclusions for the loans include religious and charitable organizations; farmers and ranchers, who are eligible for USDA loans; and small businesses that derive more than 1/3 of their revenue from gambling.
HOW CAN I USE THE MONEY?
The purpose of economic injury disaster loans is to restore businesses to their pre-crisis state. The money can be used to pay for necessary business expenses like payroll, mortgage or rent payments, and inventory. It can’t be used to expand your business or consolidate past debts.
WHEN AND HOW DO I APPLY?
Apply as soon as possible to get the maximum amount of funding. You will submit your application online, but the SBA recommends looking through the paper application first so you’ll know what you need.
All businesses will need to provide:
Tax Information Authorization (IRS Form 4506T) for the applicant, principals, and affiliates.
Complete copies of the most recent federal income tax return.
Schedule of Liabilities (SBA Form 2202).
Personal Financial Statement (SBA Form 413).
Some businesses will need to provide:
Complete copy, including all schedules, of the most recent federal income tax return for principals, general partners, or managing members and affiliates.
If the most recent federal income tax return has not been filed, a year-end profit-and-loss statement and balance sheet for that tax year.
A current year-to-date profit-and-loss statement.
Additional Filing Requirements (SBA Form 1368) providing monthly sales figures.
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.
I’m Samuel Kniseley Ballesteros, and I’m an EOS Implementer™. You may already be familiar with EOS® or the book, Traction, by Gino Wickman, founder of EOS Worldwide. If you’ve never heard of EOS®, it stands for the Entrepreneurial Operating System®, and this short video clip tells The EOS® Story.
The EOS® Method
I help business owners who are overwhelmed with the 136 issues they’re wrestling with simultaneously. It’s all about getting a grip on their business and getting what they want from the business. I do that by providing a complete system with really simple tools. These tools help you do three things we call Vision, Traction®, and Healthy.
Vision from the standpoint of first getting your leaders 100% on the same page with where your organization is going and how it is going to get there.
Traction® from the standpoint of helping your leaders become more disciplined and accountable, executing well to achieve every part of your Vision,
Healthy means helping your leaders to become a healthy, functional, cohesive leadership team because leaders often don’t function well as a team.
From there, as goes your leadership team, the rest of your organization follows. We get to the point where your entire organization is crystal clear on your Vision, all much more disciplined and accountable in executing your Vision. The result is gaining consistent Traction® and advancing as a healthy, functional, and cohesive team.
I love to meet business owners to hear their stories and what they are trying to accomplish with their businesses. I also enjoy giving away some of my time (no charge) to get to know them and their leadership team. This includes teaching them the EOS® tools and proven process. After that, I want them to feel comfortable calling me anytime with questions. They need to know that I won’t ever push them to start implementing EOS. I’m a teacher, facilitator, and coach, not a sales guy.
About Samuel
In his 20s, Samuel began leading the International Division for North America’s top architectural metals company. His Cuban heritage gave him the language skills to conduct business with customers in Latin America. Samuel was part of the team that set and realized strategic goals. During that time, the company grew from almost $30 Million to over $100 Million within 10 short years.
The skillset Samuel learned there led him to an opportunity to start his firm. With that opportunity, he focused on helping companies improve their profitability.
Samuel’s firm picked up a client that helps CPAs become forward-thinking advisors. He worked directly with their team to refine a tool that helps CPAs measure a company’s business potential. The tool ultimately identified opportunities to increase value by improving the key components of the business.
After joining Stewardship Legacy Coaching to lead the Business Coaching Solutions Division, Samuel was introduced to the wonderful world of EOS®, and he was immediately attracted to the simplicity and practicality of EOS® to help entrepreneurs and their leadership teams make their vision clear, simple, and achievable.
Now, as an EOS Implementer™, Samuel is excited about helping business owners thrive as they achieve what is best for their families and their companies.
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.
With Winter wrapping up and Spring on the horizon, there are some budding developments in the world of manufacturing, Epicor, and Encompass. Here are a few updates, events, and resources to consider this March.
Epicor Insights 2020
Insights 2020 is Epicor Software Corporation’s annual user conference. This event is looked forward to every year by employees, partners, and customers from around the world. If you want to have a look at the current Insights 2020 agenda, you can review all the details, here.
Don’t forget, that we’ll be holding our own annual customer appreciation event at Insights with drinks and food for all our partners and colleagues in attendance.
New Kinetic Experiences Available for Epicor ERP Cloud Customers
As we continue making progress through the Epicor Kinetic journey, more Kinetic reports and processes are now available to our Cloud ERP customers to test and provide important feedback that will help to shape Kinetic innovations.
Epicor Patch Management Service
Encompass Managed Services enable businesses to supplement their internal functional resources with Encompass experts. Our new patch management service extends your Epicor system functionality with an iterative process. We ensure your system is always up to date and functioning at peak performance with the Encompass Patch Management Service.
What You Need To Know About Cloud Computing
From storage to software, if you’re getting/using it over the Internet, it’s cloud computing. “Cloud” is the delivery of on-demand computing resources over the Internet. You can leverage the cloud in many ways, including the deployment of your Epicor ERP system. Learn more about the benefits and challenges associated with Cloud computing.
Product Knowledge At The Core Of Your Company Culture
To demonstrate that you can solve a customer’s pain points, you must know technology solutions at a detailed level—you need deep product knowledge. You must also understand the specific needs of your customers so you can communicate which solutions and capabilities are most relevant to them. When you have more comprehensive knowledge on both fronts, you can communicate how your solution is differentiated, relevant, and superior on a functional level.
Encompass Solutions & SPCA Of The Triad Donation Drive
As part of our quarterly community service initiative for Q1 2020, Encompass Solutions will be working with SPCA of the Triad to conduct a donation drive. We are gathering and requesting Food, Materials, and monetary donations to assist our local SPCA. While all of our employees are encouraged to participate, we extend our invitation to participate beyond the walls of our offices. If you’d like to help improve the lives of shelter animals and their caregivers, please join us in donating.
Cycle Counts That Count Workshops
Cycle Counts That Count will help you implement better cycle counting on a daily, weekly, or monthly basis starting in April and let you potentially conduct your last ever year-end full physical inventory that same year. The final full physical will validate your efforts at daily counting and provide management with the data they need to determine when to switch to a cycle-only inventory process.
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.
If you’re like many manufacturers in the US and around the world, COVID-19 has disrupted your supply chain significantly. Many of our partners have spent the recent weeks evaluating which of their Suppliers in China and other parts of Asia have stopped shipments. Evaluating how this will affect your manufacturing operations in the US and other facilities around the world can be a cumbersome task. The impact on the delivery of products that this global pandemic has produced cannot be understated. By proactively leveraging these COVID-19 resources, your business can be better prepared than businesses reacting to the latest industry disruption.
Discounted Consulting
To address the increasing call for our services and the remote requirements businesses currently need to adopt, we’ve expanded our emphasis on remote consulting and implementation services. This slower time could be an opportunity, while people have the bandwidth, to prepare to scale up for future growth.
You can tailor these combined training seminars and implementation services to topics specific to projects currently underway or planned in your organization. The benefit of combining these two services remotely results in better use of your time and money.
We are also offering discounted consulting blocks to make these services more easily available to businesses.
Cycle Count Workshops
Streamlining inventory management through effective cycle counting can do away with show-stopping inventory activities at the end of the year when flu season and holiday social gatherings are in full effect.
Work smarter, not harder, and instate a policy that ensures your organization is prepared throughout the year with accurate and effective inventory management.
Production And Delivery Analysis
Our consultants increasingly hear from the board room regarding how outside vendors, salespeople on the road, and visiting customers could potentially bring nasty bugs into their facilities. It’s a legitimate concern and carrying out predictive analytics is an undertaking where Encompass Solutions is happy to lend a hand. Together, we can sit down and take the time to figure out how you can stay in business during an uncertain time, remain profitable, and protect your staff.
Want help creating your own alternate production and sales plan for the next 90 to 180 days? You’ve likely got many questions revolving around how operations and production will change moving forward. We can help you answer and develop plans regarding the following questions:
What products were imported in the last 90 or 180 days?
How will limited supplies impact their production?
How will this impact open sales orders and forecasted sales?
Which customer accounts will be hit the hardest?
How will this affect revenue?
Leveraging Remote Meetings
For many, remote work is a concept that is difficult to manage within the current structure of their organization. We’ve mastered the art of remote work with our partners and can help your organization get a handle on the most efficient ways to leverage remote resources and staff.
Encompass offers remote support via Zoom daily to organizations across the globe. Let us lend a hand in helping you set up and manage your workforce remotely when needed. We’ll assist you in managing your data in such a way that facilitates lag-free, streaming audio and video sharing, suggest the best situations when staff should stay at their desks vs a group in the conference room, how to manage audio if there are multiple users on laptops in the same room, downloading recorded Zoom sessions, and more.
Ultimately, in a worst-case scenario, you may decide that your teams should work remotely for some time. We’ll help you develop and implement the Zoom and Webex best practices that fit your organization’s structure. You can maintain that framework and adjust it as time goes on.
Alternate Plans For Production And Sales
Ensure your production floor and sales activities remain in operation, regardless of the current climate, through the development of alternatives based on projected 90-day and 180-day forecasts.
How will limited supplies impact their production?
How will this impact open sales orders and forecasted sales?
Which customer accounts will be hit the hardest?
How will this affect revenue?
If you have asked yourself any of the following questions over the last few weeks, it may be worthwhile to formulate alternatives in the event your trading partners cannot fulfill their obligations for one reason or another. Reach out to Encompass today and we’ll work with you to ensure you have an effective plan in place before the next big disruption.
Encompass Small Business COVID-19 Resources
Encompass Small Business COVID-19 Resources can assist in completing projects, evaluating and renovating new or existing systems, as well as providing managed services to supplement limited workforce scenarios.
The Benefits Of Dry Docking Your Business – examples from our senior consultant David Sullivan on what kind of projects you can complete or enact now to put your businesses in a better position when the dust settles.
Maintaining Project Continuity – Encompass Operations Lead Dave Cranshaw makes the case for continuing with in-progress projects rather than pivoting in a disruptive environment.
US Small Business Administration Guidance & Loan Information
Emergency Injury Disaster Loan (EIDL) Program
Small businesses and private nonprofits are now eligible to apply for the SBA’s Economic Injury Disaster Loan program. The working capital loans of up to $2 million can provide vital economic support to small businesses and nonprofits to help overcome the temporary loss of revenue they are experiencing.
Payroll Protection Program Loans were put into effect on April 3, 2020, to provide small businesses with loan funds to maintain their workforce and keep their employees paid. You can read more about the program Here.
Employment Law Changes
Effective April 2, the Families First Coronavirus Response Act mandates paid sick leave, paid family and medical leave and enhanced unemployment compensation benefits.
Click Here for downloadable workplace posters from the U.S. Department of Labor.
Council of Development Finance Agencies Weekly Briefing
Fridays, at 1 p.m. — These one-hour phone calls will feature legislative updates, news from our members, state and local financing strategies, and lessons learned from previous development finance responses to disasters.
It should be noted that first and foremost, you and your staff should be taking all available precautions to minimize the spread of infectious disease in and out of the workplace. While we are adopting our own standards for the health and safety of our staff at Encompass, we don’t feel it is prudent to make suggestions to our partners and other businesses. Join us in following the suggestions of the professionals and research the best practices.
We hope you will continue to remain safe and take the necessary precautions to ensure the safety of your families, friends, colleagues, and communities.
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.
Epicor invites you to a series of Epicor ERP webinars, deep-diving into the typical needs of a financial team and how these can be fulfilled by the Epicor ERP software and its add-on products. We picked a week in our calendar and scheduled several live sessions on Epicor financials as below. All webinars will be recorded and made available.
Epicor ERP Webinars
Every business needs to perform financial accounting and reporting periodically in one or another way. Epicor ERP has a vast range of financial core capabilities, modules and add-on products available to our customers helping streamline their financial processes by doing more with fewer resources in a shorter time. It is all about making their life as a financial professional easier and helping them to do their day-to-day job more efficiently.
Epicor ERP Financials Core Overview
Review of the Epicor ERP Financials Core capabilities, what’s new in the Epicor ERP 10.2.500 version and what is expected in Epicor ERP 10.2.600. Highlights of the optional Epicor ERP financial modules and a quick overview of the add-on products delivered by our ISV partners.
The new Financial Management package in EDA is the latest addition to our BI and Analytics product portfolio. Learn how to make intuitive, easy-to-use, dynamic, device-agnostic financial reports and dashboards with EDA in the cloud.
The delivery of electronic reports and e-invoicing solutions has never been easier than with Epicor Electronic Reports. You can extract any data from your Epicor ERP system in a structured format and use it for integration with any third-party systems, for audit processes, e-invoicing, legally required electronic reports and more.
The best Excel-based reporting product offers direct connection to the Epicor ERP database. You can create arbitrary reports with the REST API utilizing your own BAQ in Epicor ERP. Send reports and the underlying data to business analysts with the PackNGo or schedule repeated report delivery with the Broadcast functionality.
Date/Time: Wednesday, April 1, 2020 at 10:00 am CT
EFP is a great financial budget planning product integrated with Epicor ERP. This cloud-based product features an Excel add-in and a web-based interface, allowing a real-time collaboration with all stakeholders in a workflow-based budget approval process, as well as the comparison of budgeted figures and actuals.
If you need to tackle with late payments and outstanding customer invoices, Epicor Cash Collect is an excellent product to establish an efficient credit and collection process at your organization. Automate customer communication processes, transcribe and search calls, attach invoices to e-mails. Key customers can manage their invoices with the Customer Portal functionality.
Sales and use tax determination at the best quality. Thanks to our partner, by connecting to an industry-leading, always up-to-date service through Epicor Tax Connect, you can save a lot of time on looking up the appropriate tax rates and preparing tax returns for all the states you do business in.
Description: Many elements of the entire credit card payment process are covered now by Epicor, helping you to save costs on processing credit card transactions securely, absolutely complying the industry standards. Review and manage transactions in real-time, make the payment experience to your customers flawless and easy by allowing them to pay with their credit cards.
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.
Epicor Advanced Projects Module addresses the industry need for project-based ERP software with embedded contract management and billing. With this unique tool, you can manage projects, contracts, claims, subcontractors, variations and revenue recognition within one single user-friendly system. Take advantage of a tool that gives you full ERP functionality, including manufacturing and supply chain management, for a complete solution.
Advanced Projects for Epicor ERP
Advanced Projects for Epicor ERP is built in the Epicor development framework and is a fully integrated software solution. Built for businesses that have a need to manage complex contracts and multi-faceted projects within their Enterprise Resource Planning (ERP) system Epicor Advanced Projects is the solution.
Advanced Projects for Epicor ERP is a specialist solution, addressing the challenges of complex contract management in a world-class modern ERP environment. Enjoy a consistent experience while unique business requirements can be easily accommodated within the flexible toolset.
Capture all costs and invoice everything, on time, as per the contract
Many companies involved in the design, delivery, fabrication and construction of major projects need to capture costs on a project for labour, equipment usage, material, expenses and subcontractors. These costs then need to be invoiced based on the agreed contractual billing terms which could be fixed price, progress percentage, quantity-based or a complex combination of all of these. On top of this, these businesses also need to manage retentions, claims and variations, all of which add another layer of complexity to the billing process.
Improve cash flow and forecasting through effective management of contracts and projects
Large, complex projects present a lot more risk to the business. Managing cash flow is critical, and if claims are missed, it impacts more than just the bottom line. Businesses need the visibility to enable them to bill or claim everything they can, at the time they are allowed contractually. This process must be systemised with workflows and automation, to help the Project Managers and Cost Accounting team do their jobs effectively and keep the projects on a profitable track.
Get control of the numerous subcontractor obligations and on-charges
Complex projects are rarely a 1:1 relationship between the customer and the vendor. More often than not, many aspects of the job are contracted out to other companies and this web of multiple contracts must be managed very carefully. The management of subcontractor terms and deliverables can prove challenging, especially if they are not linked with the one or more customer contracts they are working on. Spreadsheets and memory soon become unreliable and more revenue is lost through charges not being billed.
Eliminate spreadsheets and manual journals from your revenue recognition process
Long term contracts are not unusual in these industries, so the management of revenue recognition is key, especially with the changes to the revenue recognition standards. Gone are the days when Cost Accounting teams battled with spreadsheets to manipulate period accruals at month and year-end, hoping they have captured all costs and revenue. What they need is an easy to use workbench that generates proposed accruals but allows them to make changes to the calculations as required. When the accruals are agreed, the GL journals are posted automatically upon commitment. What they want and need is flexibility.
Epicor Advanced Projects Contract Management
• Manage complex contracts.
• Contracts can be tied to a single project, or many projects.
• Manage small and long-duration contracts.
• Multi-level item/scope definition.
• Revision control and variation controls.
• Retention management.
• Ability to do complex invoices with a mixture of fixed-price, progress, and quantity-based billing methods.
Epicor Advanced Projects Project Accruals
• Financial recognition of revenue and expenses based on various valuations methods, including; amount billed, progress percentage, cash received.
• Enables true project profitability based
on current performance and expected completion.
• Ability to adjust accrual calculations as required.
• Automatic posting of accruals to the GL.
• Manual journal adjustments to projects as needed.
Epicor Advanced Projects Claims Management
• Cumulative claims management.
• Applications for payment/proforma invoice processing.
• An approval process to validate prior to submission to the customer.
• Integration to Accounts Receivable to enable holistic customer reporting.
• Invoicing based on valuations, not just part shipping.
• Flexible invoice and claim layouts to show summary or detailed lines.
• A budget approval process to lock in an original/baseline budget.
• Cost code/cost head budgets.
• Comparison of spent vs recognised.
• Budget and capture costs by phase and by cost code.
Epicor Advanced Projects Subcontract Management
• Manage complex contracts.
• Subcontracts can be tied to a single deliverable or many.
• Revision control and variation controls.
• Retention management.
Epicor Advanced Projects Subcontract Claims
• Cumulative claims management.
• Integration to accounts payable to enable holistic vendor reporting.
• Payments based on valuations, not just goods received.
Epicor Advanced Projects Built-in ERP Benefits
• Advanced workflows and approval functionality to manage everyday business functions.
• Integrated procurement functionality to manage the requisition, purchase and invoicing lifecycle.
• Full project sub-ledger with cost capture from the core ERP system.
Managing the financial aspects of large and complex contracts is not an easy task, and if it isn’t done well, can result in costly mistakes.
• Variations not billed, resulting in missed revenue.
• Penalties and potential lawsuits through not meeting contractual obligations.
• Manual integration of disparate systems, costing time and facilitating mistakes.
• Cashflow stress caused by the mismanagement of claims and subcontractor payments.
• Lack of collaboration across the business due to misalignment of contract obligations within departments.
• Poor customer, subcontractor and employee experience due to lack of visibility, inaccurate invoicing and processes that aren’t consistent.
• Reporting that is slow, manual and always historical, with no real-time visibility of the health of the business and the status of the projects.
Ask yourself can your business afford to continue working like this?
How many more contracts can you take on when it is a challenge handling the ones you already have? What you really need is an integrated system that works for you. One that generates efficiencies in the business, automates manual tasks and streamlines processes so that mistakes are kept to the bare minimum, if at all. You need to ensure that every project is profitable so that your business flourishes.
The benefits are endless and extend beyond systemisation. Epicor ERP teamed with Advanced Projects has been built with your challenges and goals top of mind. We know and understand the importance of managing complex contracts and multifaceted projects within companies like yours.
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.
As part of our quarterly community service initiative for Q1 2020, Encompass Solutions will be working with SPCA of the Triad to conduct a donation drive. We are gathering and requesting Food, Materials, and monetary donations to assist our local SPCA. While all of our employees are encouraged to participate, we extend our invitation to participate beyond the walls of our offices. If you’d like to help improve the lives of shelter animals and their caregivers, please join us in making a donation.
We are holding a food drive for the SPCA of the Triad from March 1 – April 14, 2020 (extended from the original March 31 close). Ideally, we want to funnel all goods to our Greensboro office and monetary donations through our local SPCA. However, if you’d like to support your local chapter, that’s just as admirable.
We don’t want this effort to be limited to ESI employees. So, please invite your friends, family, and colleagues to participate. Please see our donation drive flyer below for more details on how you can participate and what items are needed most. To make a donation directly to the SPCA, you can do so here:
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass has helped modernize operations and automate processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.
Epicor Insights 2020 Cancellation (Updated March 23, 2020)
Due to the growing concerns over the spread of COVID-19, Epicor has decided to cancel this year’s Epicor Insights 2020 conference. Refunds will be issued over the coming weeks for event registrations. Any additional inquiries can be submitted to the contact us through the link at the bottom of this post. We will endeavor to answer your questions as best we can.
Epicor Insights 2020
Epicor Insights 2020 is right around the corner. Taking place May 3-6, 2020 at the Gaylord Opryland Resort & Convention Center in Nashville, TN, Epicor Insights 2020 delivers “Your 2020 Vision” to businesses around the world. Join us for this exciting event to learn more about the powerful tools developed by Epicor Software Corporation, speak with existing and prospective customers, and speak to Epicor Certified Partners, engineers, and developers.
Dedicated education tracks are made available. Each focused on specific products and solutions, these educational tracks deliver all the details as well as practical applications of the tools available, not to mention the many more opportunities to network across products and industries.
Learn about each specific Epicor solution, network with your peers, and enjoy the core benefits of a global customer conference. Gain valuable insight on how to utilize your Epicor solution to grow your business, your employees, and your bottom line. We hope you’ll join us—and your peers—in Nashville!
Offered on Saturday, May 2 and Sunday, May 3 prior to the conference. Valued at $495, these four-hour training sessions are only $275.
Valuable One-On-One Sessions
Schedule individual meetings with Epicor executives and product experts.
Technical Insight
Learn how to reduce costs, increase ROI, and deal with compliance issues.
Peer Insight
Network with fellow professionals, discuss common challenges, and share solutions.
Education ROI
Extended education sessions offer a deep dive into the business software you’re using today.
Practical Insight
Attend labs with Epicor technical staff demonstrating practical software solutions.
Expert Insight
Hear from Epicor executives regarding what lies ahead and schedule meetings with Epicor experts.
Epicor Insights 2020 Extended Education
Extended education sessions will take place Saturday, May 2 and Sunday May 3, 2020 on-site at the Opryland.
These are elite training sessions developed by the Epicor worldwide education, product management, development, support, and services teams. They move beyond traditional labs and are conducted by Epicor professionals for product-specific training with your own Epicor-provided computer, small class size, and direct access to technical experts. These sessions will be available Sunday and Monday before the conference.
Pricing
Extended Education Sessions are not included in your Insights registration fee. These additional courses are valued at $495, but are offered at the conference for $275/session. Sessions are four hours long and run from 8 a.m.–12 p.m. or 1–5 p.m. Some courses consist of two parts from 8 a.m.–5 p.m. at $550. Registering for only one portion of a two-part session is not permitted.
Increased visibility of your business as an industry leader
50% discount off the regular registration fee for accepted single presenters
20% discount off registration for accepted presenters on 2+ panels
10% discount off registration for accepted presenters on one panel
Please take a moment to tell us what information you would like to present or what business issues you have solved using Epicor solutions. Presentations can be organized as best practices, case studies, general business, technical, or tips and tricks. Submit an abstract with 500 words or less, and a member of the Insights team will contact you if you have been selected to speak.
Epicor Insights 2020 Hotel and Travel
Hotel Reservations
Gaylord Opryland Resort & Convention Center 2800 Opryland Dr. Nashville, TN 37214 Book Your Discounted Insights Hotel Rate!Book before March 29, 2020, to secure your discounted rate.
Group rate: $199 (9.25% sales tax & 6% occupancy tax plus $2.50 city tax per room per night)
Daily Resort fee of $26 plus applicable taxes will be added to each guest room rate.
Discounted Group Rate cut-off: March 29, 2020
Check-in 3 pm
Check-out 11 am
Office: 615-889-1000 and Toll-Free: 1-877-382-7299 *Please note that Insights attendance is limited to current Epicor customers, authorized partners, and invited guests only. As in past years, full conference registration includes all conference sessions, access to the Solutions Pavilion, meals, and the evening events. All conference sessions and meals will take place at the Gaylord Opryland Resort & Convention Center in Nashville, TN.
Shuttle Service Information
Gaylord Opryland offers a daily roundtrip shuttle service from the Nashville Airport to the Hotel. Purchase tickets here online, or upon arrival to the airport, find the Gaylord Opryland Welcome Desk on the lower level of the airport between the two escalators. An agent can assist with travel needs and ticket purchase, or guests can use the resort kiosk, which is located at the welcome desk. Daily shuttle schedule:
CASCADES LOBBY CANOPY located outside the Cascades Lobby to the left.
MAGNOLIA CANOPY (Inn at Opryland upon request) 7 am – 6 pm (departs every 30 minutes)
Cost: $35 per person, roundtrip fareGuests ages 18 and under will receive complimentary admission with an accompanying paying adult.
Guests 65 and older receive a discounted rate of $32 for roundtrip fares.
Epicor Insights 2020 Entertainment
Little Big Town
GRAMMY, ACM, CMA, and AMA Award-winning group, Little Big Town — consisting of members Karen Fairchild, Phillip Sweet, Kimberly Schlapman, and Jimi Westbrook — first entered the music scene over 20 years ago with hit songs “Boondocks,” “Bring It On Home,” “Good As Gone” and the GRAMMY-nominated “Little White Church.” Their breakthrough albums Tornado and Pain Killer produced multiple #1 singles, including “Pontoon,” “Tornado,” and “Day Drinking,” as well as the history-making, best-selling country single of the year (2015) “Girl Crush.” 2017’s, The Breaker, debuted #1 on the Billboard Country Charts and Top 10 (No.4) on the Billboard 200 to critical acclaim, marking the group’s fourth Top 10 debut on the Billboard 200 chart. The album features their GRAMMY-winning, multi-week #1 single, “Better Man,” as well as the 2019 GRAMMY-nominated, “When Someone Stops Loving You.” The band recently released new music from their upcoming ninth studio album, Nightfall, the Grammy-nominated song “The Daughters,” country single “Over Drinking,” and “Sugar Coat.” The album is set for release January 17, 2020. Little Big Town has earned more than 40 award show nominations and in the past five years has taken home nearly 20 awards, including multiple GRAMMY, AMA, People’s Choice, CMA, ACM awards, and an Emmy award. The Grand Ole Opry inductees (2014) went onto receive their star on the Nashville Walk of Fame in 2017. In July of 2018, The Country Music Hall of Fame and Museum in Nashville launched their lead, yearlong exhibit called LITTLE BIG TOWN: THE POWER OF FOUR showcasing the bands powerful and storied 20-year history within the country music community. The band recently launched 4 Cellars wine, their first non-musical project as a band, with Browne Family Vineyards. The collaboration features exclusive wine blended by the foursome and recently released canned wine spritzers called “Day Drinking.”
Epicor Insights 2020 Keynote Speaker
Marcus Lemonis
As an impressionable youth, Marcus Lemonis read the description of the Entrepreneur to his mother from the dictionary while working on a school project, which inspired him to challenge himself and make his dreams come true. His humble beginnings and journey through life represent the heart and soul of what true entrepreneurism is. Although he was not born in America, he is proud to be living the American Dream through hard work, determination and believing. Those who have had the chance to hear his story through his moving speaking engagements would say that he is humble, down to earth and 100 percent brutally honest. A past nominee for the 2018 Critic’s Choice Award for Best Structured Reality Series for his work on CNBC’s The Profit, Marcus lends his business expertise to struggling businesses in various industries across the country while using his famous People-Process-Product principle. Through his 3P mantra, he analyzes every business by the quality people, whether they have an excellent and relevant product, and the best possible process for creating, delivering, and selling that product. While many people frequently call him the “business turnaround king,” he will be the first to say that he really helps people with tough love so they can use the experience to inevitably succeed. Marcus was born in war-torn Beirut, Lebanon in 1973; and, at nine months old, was adopted by a couple living in Miami, FL. As a young child, he was exposed to positive and prosperous business values at his family-owned auto dealership. His entrepreneurial spirit bloomed at age 12 while attending Epiphany Catholic School, when he started a lawn mowing service to generate money for a candy business while enlisting his friends for their help. He then graduated from Christopher Columbus High School and moved to Milwaukee, WI to attend Marquette University, where he studied Political Science, Criminology and Economics. With approximately 225 locations in 36 states and a comprehensive e-commerce platform, Marcus has long time served as the Chairperson at America’s #1 source for RVs, camping accessories, RV maintenance and repair – Camping World and Gander RV& Outdoors. In 2017, he became the RV Business Newsmaker of the Year for “evolving into one of the most transformational characters in the U.S. recreational vehicle industry.”With multiple ventures on his resume, Marcus can be seen sharing his knowledge through numerous business and entertainment television programs and is also regarded as one of the most sought-after industry experts and keynote speakers in the small business sector today. Marcus drives results through collaborations, partnerships and relationships. His advice for aspiring entrepreneurs is simple: know your numbers, trust the process and remember that he’s 100 percent IN CHARGE!
Conference FAQs
What is Epicor Insights?
Epicor Insights is the official global customer conference for Epicor customers. It brings together Epicor customers, partners, and industry experts for a three-day learning and networking experience focused on Epicor products, solutions, and future plans. With more than 500 sessions and extensive hands-on labs, the conference offers the opportunity to learn, connect with peers, and understand your industry best practices.
When and where is Insights held?
Insights 2020 will be held Sunday, May 3-Wednesday, May 6, 2020
Gaylord Opryland Resort & Convention Center
615-889-1000
2800 Opryland Dr.
Nashville, TN 37214
Who should attend Insights?
Users of Epicor products who want to extend functionality and protect their investment in Epicor solutions are encouraged to attend. The conference has something for everyone—from IT-focused professionals to business executives.
Please note that Insights attendance is limited to current Epicor customers, authorized partners, and invited guests only.
Are meals provided during the conference?
All conference attendees and paid guests with either a guest pass or Tuesday night pass have access to that pass’ applicable meals.
What is the dress code for the conference?
The attire for Insights is business casual. The meeting space can be cold, so please bring a jacket or a sweater for your comfort.
How do I book my hotel at the Epicor rate?
Epicor has reserved a block of rooms at Gaylord Opryland Resort & Convention Center for the Insights 2020 Customer User Conference. Book your discounted hotel rate for Insights 2020 here.
Can I transfer my registration to someone else in my company in the event I cannot attend?
Yes. Substitutions can be made in writing to Insights registration at insights@epicor.com with the names of both the original and substitute registrant and/or guest.
What if I need to cancel?
There is a $150 fee for cancellations made prior to April 3, 2020, the full conference amount is non-refundable. All cancellations must be made in writing and addressed to “Epicor Insights 2020—CANCELLATION” and faxed to (949) 341-4994 or sent by email to insights@epicor.com
How do I get a copy of my registration invoice?
A link to your invoice(s) will be sent to you in your registration confirmation email. Please click on that link to print out the invoice(s) to send in with your company check for payment. If you need an additional copy, you can access your invoice(s) through your registration record or email insights@epicor.com
How can I pay?
Acceptable methods of payments are check, credit card, or wire transfer.
Getting Involved
Are you accepting speaker applications?
Information and best practices shared by users is extremely valuable content that we look to maximize every year. There’s also a significant discount if your abstract is selected. Please visit the Call for Speakers section for more information on submitting your application.
Are there any sponsorships or exhibit spaces available?
Yes, sponsors are included in Insights every year. Sponsorship opportunities are available to all Epicor Alliance Partners. To get more information on becoming a sponsor of the event, please email insights@epicor.com
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass has helped modernize operations and automate processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.
As we continue making progress through the Epicor Kinetic journey, more reports and processes are now available to our customers to test and provide important feedback that shapes Kinetic innovations. Providing early access helps drive user adoption among Epicor ERP cloud customers and gain interest from prospective users.
New Epicor Kinetic Design Reports And Processes
We have recently communicated to cloud customers that as part of the Epicor ERP 10.2.500.10 Cloud update, they will get access to the following reports and processes, which have been redesigned with the sleek Kinetic User Interface:
Kinetic Reports
Sales Order Backlog
Sales Order on Hold
Scheduled Shipments
Open RMA
Stock Status
Kinetic Processes
Build Project Analysis
Build WBS Phase Analysis
Capture Project Revenue Recognition
Capture WBS Phase Revenue Recognition
Project Invoice Preparation
Epicor Kinetic Design Introduction
Epicor ERP Kinetic Design FAQ
As one of the newest additions to the Epicor architecture, Kinetic delivers entirely new experiences to a system and users who have been utilizing Epicor software Products for decades. Here are the most common questions submitted regarding this new technology.
What is Kinetic?
Epicor Kinetic provides a clean, intuitive and easy to use experience for all ERP users. By utilizing modern research in user interface design, Kinetic delivers consistency in navigation, simplified visuals that reduce the clutter and noise from your daily tasks, and improved accessibility and productivity. Over time Epicor Kinetic design will be applied to all ERP forms.
What is the difference between the Kinetic and classic versions of forms?
Designed with the user in mind, Kinetic forms have a streamlined user interface with expandable and collapsible panels which provide easy access to information but only when you need it. Classic forms have a tab structure which requires you to click through tabs to get to the information you need, oftentimes requiring more clicks to access data. In most applications the functionality and business logic will not change. However, the layout and navigation will.
Can I still run the classic version of a form that has been converted to Kinetic?
Yes, you can choose to run the classic version of any Kinetic form. You configure the default form to use in Menu Maintenance for each form. The default value is to open the form in the Kinetic UI, with the ability to override globally by an administrator or by a user.
Can I still use classic forms that have not been converted to Kinetic during the transition?
Yes, during the transformation you can use both classic and Kinetic versions of a screen. Forms not yet converted will open in the same smart client window. You will continue to log into one system from the same home page. When you select a menu item, the form will either open in Kinetic or the classic version depending on your settings and whether it was converted yet.
Can I customize a Kinetic Report or Process form?
Currently, you cannot customize a Kinetic form. Customization capabilities will be available in an upcoming release of Epicor ERP.
Can I personalize a Kinetic Report or Process form?
Currently, you cannot personalize a Kinetic form. The personalization toolset will be available in an upcoming release of Epicor ERP.
What if I currently have customization on a form that was converted to Kinetic?
You can still use your customized forms by launching the classic version. By default, the application opens any form in the classic UI when you have customization attached to it.
As an administrator, can I globally set access to Kinetic forms for all users?
Yes, as an administrator you can define Kinetic as the default form that launches for each form and user.
Can I still use a custom report type on a form that was converted to Kinetic?
Yes, you can still generate the same report output that you do today.
How do I submit feedback on the Kinetic forms?
We want your feedback! Please send your feedback to Kinetic-Feedback@epicor.com. If you run into an issue, please submit a support call just like you would do for any other issue in the software.
Encompass Solutions, Inc. is an ERP consulting firm, NetSuite Solution Provider and Epicor Gold Partner that offers professional services in business consulting, project management, and software implementation. Whether undertaking full-scale implementation, integration, and renovation of existing systems or addressing the emerging challenges in corporate and operational growth, Encompass provides a specialized approach to every client’s needs. As experts in identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.
