Epicor(R) Delivers Cloud-Based 1099 Tax Processing Solution With Its Next-Generation Enterprise Business Software Suites
December 16 2010 - 9:00AM
Marketwired
Epicor Software Corporation (NASDAQ: EPIC), a leading provider of
enterprise business software solutions for the midmarket and
divisions of Global 1000 companies, today announced the general
availability of Epicor Tax Connect 1099, the first and only
cloud-based 1099 tax reporting and processing solution available
with a company's enterprise resource planning (ERP) system. The
latest Epicor Extend solution to debut -- Epicor Tax Connect 1099
is delivered on-demand for use with customers' existing on-premise
Epicor ERP environments.
Epicor Tax Connect 1099 acts as an in-house seasoned tax
professional, providing the most comprehensive 1099 tax preparation
reporting solutions and research required to file accurate and
timely returns. With built-in secure servers linked directly to the
IRS, Epicor Tax Connect 1099 makes the annual printing, mailing and
e-filing a simple one-click process. Delivered in the cloud, Epicor
Tax Connect 1099 requires little to no IT support and virtually
eliminates a company's requirements for regular compliance updates,
providing businesses with an easy to deploy, fast, efficient and
affordable system that will help their Accounts Payable departments
carry out Form 1099 reporting responsibilities and requirements
with ease.
"Epicor Tax Connect 1099 is an exciting new tax reporting
service," said Matt Muldoon, vice president, product marketing for
Epicor. "Form 1099 regulations and reporting requirements change
every year, requiring companies to constantly focus on ensuring
they are in compliance with the most recent regulations. Epicor Tax
Connect 1099 automates the ever-changing compliance environment,
keeping the system up-to-date to ensure accuracy, efficiency and
compliance. With this cloud-based subscription service, companies
will benefit from a secure, automated and cost-effective solution
that will increase productivity and minimize the workload placed on
Accounts Payable departments both during tax filing season and
throughout the year."
Automatic Updates and Guaranteed
Compliance With the constantly changing 1099 rules, including
the new healthcare legislation signed into law in 2010 requiring
the reporting on IRS Form 1099 for all payments made via check or
credit card to vendors for services, inventory or property over
$600 annually, now more than ever companies need an automated
solution to stay compliant with 1099 reporting responsibilities.
Provisions under the new law, set to go into effect in 2012, are
expected to dramatically increase the reporting responsibilities on
Form 1099 for Accounts Payable departments, resulting in
significantly more complex and stringent tax reporting processes,
as well as added time and money spent on tax preparation. Epicor
Tax Connect 1099 is ready to assist companies address the new
regulations, streamline compliance and boost productivity.
Through automatic updates and guaranteed compliance, Epicor Tax
Connect 1099 streamlines the work required for this non-value added
task and allows employees to focus on core business activities. In
addition to supporting compliance during tax reporting season,
Epicor Tax Connect 1099 provides year-round management services to
prevent problems downstream. With real-time individual and bulk Tax
Identification Number (TIN) matching and validation tools, and an
on-going service offering that will automatically re-file with
state and federal authorities as adjustments are made throughout
the year, Epicor Tax Connect 1099 reduces errors and helps ensure
accurate and compliant efforts so companies can avoid unnecessary
penalties.
Easy to Use with Simple Tabbed Workflow
Epicor Tax Connect 1099 manages tax reporting requirements with a
simple tabbed workflow. The Smart Import feature automatically maps
source data to the end-user's 1099 forms and accepts both
Microsoft® Office Excel® and IRS 1220 files. Automatic scanning and
validation for regulatory compliance and zip code information
eliminates the stress and hassle of manual errors. Further,
dashboard monitors guide users throughout the process, instructing
them what to do and providing status updates for their activities
so they can be confident the required process is being followed. If
an error does occur, Epicor Tax Connect 1099 is there to
automatically detect missing or incorrect information, making it
easy to look up returns and fix problems on the spot.
Availability and Pricing Epicor Tax
Connect 1099 is available now for Epicor 9, Vantage, Vista and
Enterprise suites. The on-demand solution includes annual
subscription-based pricing that is determined by the number of 1099
forms produced by a company each year.
About Epicor Software Corporation 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 takes pride in more than 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.
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.
Contact: Lisa Preuss Director Public Relations Epicor Software
Corporation 949/585-4235 lpreuss@epicor.com Damon Wright Vice
President Investor Relations Epicor Software Corporation
949/585-4509 dswright@epicor.com
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