IGEFI Selects Epicor® Global Financial Management Solution to Support Future Growth
- 07 April, 2009 09:53
<p>Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, has announced that leading fund software solutions provider IGEFI has selected Epicor for Service Enterprises—an industry defining enterprise resource planning (ERP) solution designed to stimulate global collaboration and financial management in support of IGEFI’s projected double digit growth in 2009.</p>
<p>IGEFI is deploying Epicor’s global financial management solution at its eight offices worldwide. The Epicor solution replaces IGEFI’s local legacy systems supported by outsourced accountancy functions in each country and it will provide accurate, transparent views of IGEFI’s business, resourcing, financial planning and profitability.</p>
<p>The Epicor solution manages and automates every aspect of business—from software and service bid management to engagement delivery and resource management to project accounting, portfolio management and global financial management—within a single solution.</p>
<p>Based on Microsoft .NET technology, the Epicor solution is designed to be accessed by the user in real time over the Web, giving a dashboard style overview of key business metrics. IGEFI chose this approach to replace Excel® spreadsheets which will enable the firm to reduce operational costs within months of deployment. By centralising data and making it more collaborative across the regional offices, IGEFI will have the power to gain greater control of its finances. IGEFI is expecting return on investment within three years.</p>
<p>IGEFI anticipates the Epicor implementation will help it surmount the challenges faced by companies operating cross-geography in terms of differing financial regulations around accounting and technology. The Epicor solution is being integrated with IGEFI’s existing technology to speed up the processes involved in local taxation, employment legislation combination pricing models and payment terms.</p>
<p>In addition to improving its financial accounting practices with the Epicor solution, IGEFI will also benefit from Epicor’s delivery of comprehensive project reporting to meet the needs of IGEFI’s specific revenue recognition and invoicing requirements.</p>
<p>Providing business solutions developed precisely to address the needs of mid- to large-sized professional service organisations, Epicor was selected by IGEFI over competitive solutions. “We looked at a number of companies and their solutions, but felt that Epicor was best suited to meet our specific needs,” said Clive Lewis, chief financial officer at IGEFI. “Most importantly, the Epicor solution was capable of supporting our projected growth while significantly reducing operational costs.”</p>
<p>“IGEFI recognises the importance of savvy IT investment to support future business growth, particularly in the current economic climate,” said Jim Bork, senior vice president of international sales for Epicor. “We’re pleased that our solutions were deemed most appropriate to support its projected growth while at the same time saving money.”</p>
<p>IGEFI is the foremost provider of software solutions for international fund promoters, third party service providers and fund managers. Its prestigious client-base is testimony to its commitment, service and quality with more than 200 expert staff supporting clients from eight offices worldwide including Bangalore, Boston, Frankfurt, Geneva, London, Luxembourg, Paris and Singapore. MultiFonds is operational in more than 20 countries globally and supports investment funds assets in excess of US$ 2 trillion. This figure continues to grow as the product increases its market share and as established IGEFI clients outpace their competitors.
MultiFonds Fund Accounting and MultiFonds Transfer Agency are developed on a “one system-one database” philosophy and provide significant advantages including reduced overhead and IT support costs and single look and feel reporting for global clients. Both MultiFonds applications are multi-currency, multi-lingual real-time systems. Their architecture and use of leading edge industry standard development tools ensure almost limitless scalability. Extensive use of user-definable parameters and relational database architecture guarantees ongoing systems flexibility to meet new product, business and regulatory demands. IGEFI’s clients include some of the largest and most prestigious names in the industry.
For more information, please visit www.igefi.com.</p>
<p>About Epicor Software Corporation</p>
<p>Epicor Software is a global leader delivering business software solutions to the manufacturing, distribution, retail, hospitality and services industries. With 20,000 customers in over 150 countries, Epicor provides integrated enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM) and enterprise retail software solutions that enable companies to drive increased efficiency and improve profitability. Founded in 1984, Epicor celebrates 25 years of technology innovation delivering business solutions that provide the scalability and flexibility businesses need to build competitive advantage. Epicor provides a comprehensive range of services with a single point of accountability that promotes rapid return on investment and low total cost of ownership, whether operating business on a local, regional or global scale. The Company’s worldwide headquarters are located in Irvine, California with offices and affiliates around the world. For more information, visit www.epicor.com.
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Epicor is a registered trademark of Epicor Software Corporation. 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.</p>