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EPICOR BUYS FP&A COMPANY Featured

Epicor has acquired DSPanel, which makes financial planning and analysis products. Terms were not disclosed.

The acquisition includes Performance Canvas, already marketed as the Epicor Financial Planner, and which integrates with the Epicor Industry ERP Cloud. The system from DSPanel, which was founded in 1999, utilizes artificial intelligence and machine learning for predicting financial models and aggregating and analyzing data from diverse sources, including ERP and supply chain management systems. Capabilities include reporting and analysis, budgeting and planning, financial forecasting, and financial consolidation. As Epicor Financial Planner, the product has been billed as available in four packages: Financial Reports by EFP, Basic, Standard and The Works. Based in Stockholm, Sweden, DSPanel was co-founded by its CEO Jan Morath

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