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Barrick Gold Corporation Enhances Business Performance With EpicorWorld's Second Largest Gold Producer Selects 'e by Epicor' to Improve Insight Into Critical Business Information for Better Decision MakingIRVINE, Calif., Sept. 10 /PRNewswire-FirstCall/ -- Epicor® Software Corporation (Nasdaq: EPIC - News), a leading provider of integrated enterprise, eBusiness and collaborative commerce software solutions for midmarket companies, today announced that Barrick Gold Corporation (NYSE: ABX - News) has selected Epicor to help improve and drive business critical decision making capabilities throughout its operations. Billion-dollar international gold producer Barrick chose e by Epicor with its sophisticated analytic and financial services applications to automate and streamline financial operations. e by Epicor is a suite of highly flexible and integrated applications designed to assist mid-size corporations in the management of all operational aspects including budgeting, distribution, sales and marketing, customer service and support, and business intelligence. Following its 2001 merger with 125 year-old gold producer, Homestake Mining Company, Barrick became the world's second largest gold producer. Barrick recognized that the merger and its continued growth required the support of a world-class financial system, one that would provide multi-currency capabilities as well as support multiple general ledgers. Additionally, e by Epicor enables Barrick's executives and other employees to get timely access to financial information that ensures their ability to make critical business decisions based on the best information available. "The ability to easily formulate financial statements speeds our reporting process," said Richard Ball, director of financial reporting and risk analysis for Barrick. "We are setting up tailored reports for other parts of the company, which will give managers instant analysis of their business unit's performance without placing the burden on IT to provide them." Barrick operates eight gold mines in the United States, Peru, Tanzania, Chile, Argentina and Canada with over $2 billion in yearly revenue. Barrick implemented e by Epicor in less than four months, and the finance department is now using the FRx Reporting module, a powerful, yet easy-to-use financial reporting application, to quickly generate financial statements. Fast production of reports is aided by a tight integration between FRx Reporting and Epicor's General Ledger. Barrick also has plans to implement additional reports for other departments. Automation and analysis made easy The e by Epicor suite provides Barrick with a centralized integrated solution that saves valuable man-hours by automating many general accounting functions. The extensive integration within the e by Epicor modules drives the information flow throughout the entire financial department, improving operational efficiencies and eliminating the risk of costly redundant data entry errors. For Barrick's accounting employees, e by Epicor offers an intuitive user-friendly interface that allows them to find critical financial and customer information. Using Epicor's eIntelligence Explorer, an integrated inquiry tool with analytics capabilities, employees can access vendor information in the Accounts Payable module to quickly get answers to vendor inquiries. This process makes it easy for every employee to continue to build and maintain relationships with Barrick's vendors. "e by Epicor has the depth of functionality and flexibility that large industry leaders like Barrick Gold Corporation require," said Bill Borg, senior vice president and general manager, e by Epicor. "Their ability to implement our solution in less than four months demonstrates that with Epicor, companies get a complete solution at a reasonable cost of ownership, from a single-source." About Epicor Software Corporation Epicor is a leading provider of integrated enterprise and eBusiness software solutions for midmarket companies around the world. Founded in 1984, Epicor has over 15,000 customers and delivers end-to-end, industry-specific solutions that enable companies to immediately improve business operations and build competitive advantage in today's Internet economy. Epicor's comprehensive suite of integrated software solutions for Customer Relationship Management, Financials, Manufacturing, Supply Chain Management, Professional Services Automation and Collaborative Commerce provide the scalability and flexibility to support long-term growth. Epicor's solutions are complemented by a full range of services, providing single point of accountability to promote rapid return on investment and low total cost of ownership, now and in the future. Epicor is headquartered in Irvine, California and has offices and affiliates around the world. For more information, visit the company's Web site at www.epicor.com . Epicor is a registered trademark of Epicor Software Corporation. All 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. SOURCE: Epicor Software Corporation Editorial Contact: Lisa A. Preuss Epicor 949-585-4235 lpreuss@epicor.com top of page |
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