Search

Epicor to expand artificial intelligence capabilities with Smart Software acquisition

by

Azunta Gaviola

-

2 weeks ago

Are you ready to unlock the secrets to skyrocketing your e-commerce business in the hearts of Southeast Asia’s e-commerce hub? The ‘E-Commerce Marketing Series 2024’ conferences are coming to Malaysia and the Philippines starting this July! Click here to find out more!

Singapore – Epicor, a software development firm, has recently announced its strategic acquisition of Smart Software, a cloud-based, AI-driven inventory planning and optimisation applications firm. This initiative builds on the company’s commitment to provide ERP solutions that utilise the practical application of artificial intelligence across various industries, which include make, move, and sell.

Through the acquisition, additional benefits for the company include AI-driven operational efficiency, enabling Epicor’s customers to strengthen and streamline inventory management processes while also ensuring optimal stock levels. 

With this, businesses can optimise cost savings, improve resource utilisation, and run smoother operations by automating demand forecasting, which eliminates manual data entry and preparation. This automation also considers trends, seasonality, and intermittency.

Furthermore, it also brings improved customer satisfaction and lifetime value. Epicor’s solutions can also reduce stockouts, ensuring that products are available when customers require them, through the use of Smart Software and AI technology. 

Another key benefit of the acquisition is best-in-class inventory optimisation and cash flow management, allowing Epicor customers to enhance their ability to balance inventory levels and optimise working capital. 

This is achieved by preventing excess stock and minimising obsolete or slow-moving inventory, freeing up funds that would otherwise be tied up.

As an established Epicor ISV partner, Smart Software solutions are already integrated with numerous Epicor ERP platforms. The integration extends functionality to assist users in making informed, strategic inventory decisions that align with their business objectives.

Steve Murphy, chief executive officer at Epicor, expressed his enthusiasm for the initiative, stating, “In today’s fast-paced and constantly evolving supply chain landscape, effective inventory management is critical for success.”

“The Smart Software acquisition further accelerates our focus in transforming traditional ERP from a system of record to a system of action, giving Epicor customers AI-powered capabilities to turn inventory into a competitive asset that helps drive up customer service levels and drive down costs,” explained Steve. 

Greg Hartunian, president at Smart Software, also said, “As a long-time Epicor ISV partner, we’re closely aligned in delivering customers the AI-powered technologies they need to improve forecast accuracy and optimise inventory levels. We’re excited to join Epicor and continue our journey in driving innovation across the supply chain industries.”

Discover the current trends in business communication based on over 473 billion interactions. Download the free report here to stay ahead of the curve in messaging trends!
Experience history at MARKETECH APAC’s ‘Marketing Technology Awards 2024! On November 28, live in Singapore, celebrate visionaries shaping Asia-Pacific’s marketing tech across 45 categories. Join us in honouring innovation and excellence! Click here to learn more.

 

Share

RECENT ARTICLES

Elitery to expand cloud expertise as Indonesia’s Google Cloud managed services provider
Mastercard enhances fraud detection capabilities with additional AI-powered security features
Vietnam’s PVcomBank unveils new mobile banking service using Temenos Digital on AWS
GreenNode to elevate artificial intelligence capabilities across APAC with Nvidia, global partners collaboration
FWD Group to bolster cloud tech capabilities with AWS partnership extension
Ellipse 3

RELATED ARTICLES

Elitery to expand cloud expertise as Indonesia’s Google Cloud managed services provider
Mastercard enhances fraud detection capabilities with additional AI-powered security features (1)_11zon (1)
Vietnam’s PVcomBank unveils new mobile banking service using Temenos Digital on AWS
Ellipse 3

FEATURED ARTICLES

Elitery to expand cloud expertise as Indonesia’s Google Cloud managed services provider
Mastercard enhances fraud detection capabilities with additional AI-powered security features (1)_11zon (1)
Vietnam’s PVcomBank unveils new mobile banking service using Temenos Digital on AWS

Subscribe to UpTech Media Newsletter

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.