Mergers & Acquisitions NEWS

Epicor Acquires Smart Software

Epicor

The acquisition accelerates Epicor’s delivery of best-in-class ERP solutions that provide practical application of AI across the spectrum of business operations for the make, move, and sell industries.

Epicor has acquired Smart Software. As an existing Epicor ISV partner, Smart Software solutions are already integrated with several Epicor ERP platforms, extending functionality to help users make informed, strategic inventory decisions that align with their business goals. 

“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,” said Steve Murphy, CEO, Epicor. 

By eliminating manual data entry/data prep and automating demand forecasting while accounting for trends, seasonality, and intermittency, businesses can optimize cost savings, improve resource utilization, and run smoother operations. Leveraging Smart Software and AI technology, Epicor’s solutions can minimize stockout situations so that products are available when customers need them, enhancing the customer experience and boosting customer loyalty and lifetime value.

“We’re excited to join Epicor and continue our journey in driving innovation across the supply chain industries,” said Greg Hartunian, President, Smart Software.

With Smart Software, Epicor customers can strengthen their ability to balance inventory levels and optimize working capital. By preventing excess stock and minimizing the creation of obsolete or slow-moving inventory, businesses can free up funds that would otherwise be tied to inventory. Additionally, Smart Software contributes to efficient cash flow management, promoting overall financial health and viability.

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