Home / Knowledge / News / Information Technology / Epicor launches retail business intelligence solution
Epicor launches retail business intelligence solution
15
Jan '10
Epicor Software Corporation, a leading provider of enterprise business software solutions to the midmarket and Global 1000 companies, announced the newest version of its retail Business Intelligence (BI) solution, Epicor Retail Business Intelligence 2.0, which provides new and enhanced features to help retailers gain critical and timely business insight to gauge and improve execution and assist in enterprise decision-making.

In addition to a new enhanced user interface that supports streamlined and intuitive information access, new features include an extended data model encompassing a broader range of retail operations across the enterprise.

Additionally, Epicor Retail BI 2.0 now supports the ability to integrate customer-defined external data elements. With this capability, retailers can further extend their data model, enabling them to access and analyze critical information and gauge performance across a broad range of data streams.

Epicor Retail BI 2.0 features a sophisticated retail data model powered by Microsoft business intelligence (BI) tools. Using a data warehouse and cube optimized for queries, the solution supports custom reporting with automatic drill downs, rich analysis capabilities, dashboards to monitor critical business metrics, plus a variety of direct action tools.

"The new features in our Epicor Business Intelligence 2.0 solution gives retailers greater insight across retail operations for improved management and business execution," said David Henning, executive vice president and general manager for Epicor Retail. "The expanded functionality gives retailers the ability to react to changing market conditions, identify customer segments and improve purchasing, forecasting and profitability while optimizing overall store performance."

"Business intelligence is absolutely essential given the current state of the economy, and retailers operating on very thin margins cannot afford wrong guesses about trends and customer needs -- all of which can have an immediate and devastating impact on profits and even viability," said Sahir Anand, retail research director at Aberdeen Group. "In addition to making better buying and merchandising decisions, access to business intelligence can help retailers be more strategic in areas such as store layout. For example, by understanding how product affinities work and applying the rules of suggestive selling, retailers can place low-selling products next to a related product that is a strong seller to increase their conversion rates and optimize sales. Retailers can also reduce labor costs by ensuring that more employees are on the floor during busy times and less during slower periods."

"Retailers today will benefit from the ability to integrate disparate 'silos' and unlock value by connecting systems that drive new efficiencies and accelerate innovation across global distribution and services networks," said David Gruehn, U.S. retailindustry solutions director, Microsoft Corp. "By bringing to the marketplace an integrated and interoperable solution that provides single-version visibility, manageability and usability of a retailer's data, the Epicor Retail BI 2.0 solution empowers retailers to make better business decisions and drive improved performance throughout the organization, using the familiar Microsoft Office interfaces they work with everyday."


Must ReadView All

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Jharcraft in India’s Jharkhand signs MoU with Banka Silk

Textiles | On 24th Feb 2018

Jharcraft in India’s Jharkhand signs MoU with Banka Silk

The Jharkhand Silk Textile and Handicraft Development Corporation...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search