Epicor, known for its industry-specific enterprise software, has announced  the acquisition of Smart Software, a leading provider of cloud-based, AI-driven inventory planning and optimization applications. Smart Software, an existing Epicor ISV partner, enhances Epicor’s ERP solutions by integrating advanced AI capabilities across various business operations. Additionally, Smart Software is a significant provider of enterprise demand forecasting, demand planning, and inventory optimization solutions, offering analytical planning tools that deliver economic returns for users of Sage 100, Sage 300, and Sage X3.

The Smart IP&O platform features advanced probabilistic AI and machine learning models for precise forecasting and “what if” analysis capabilities. According to Smart Software’s website, it also has developed out-of-the-box connectors for not only Epicor Kinetic and Prophet 21 but also for other major ERP systems including NetSuite, Microsoft Dynamics AX, NAV, and 365 Business Central. This ensures seamless integration and broad application across various business systems. This acquisition enhances Epicor’s inventory management solutions, optimizing stock levels, minimizing manual processes, and improving customer satisfaction by ensuring products are available when needed, thus increasing loyalty and promoting better financial health. Integrated into several Epicor ERP platforms, Smart Software’s solutions empower users to make informed, strategic decisions that align with their business goals, optimizing operational efficiency and cash flow management.

Source: Epicor 5/1/2024