Epicor(R) Delivers Cloud-Based 1099 Tax Processing Solution With Its Next-Generation Enterprise Business Software Suites

Epicor Tax Connect 1099 Provides an Automated Tax Reporting and Processing Solution for Filing and Preparing Annual Information Returns

IRVINE, CA--(Marketwire - 12/16/10) - Epicor Software Corporation (NASDAQ:EPIC - News), 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.

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