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 account receivables


SAP Users Speak Out on Credit and Collections Shortcomings
A recent survey of companies which have implemented SAP Accounts Receivable reveal more than a few areas where the system failed to deliver. Although nearly all

account receivables  who have implemented SAP Accounts Receivable revealed more than a few areas where the system failed to deliver. We undertook the survey in response to a client inquiry regarding SAP A/R module implementations and possible effects on Days Sales Outstanding (DSO) metrics. DSO, a measure of a company's ability to collect its receivables, is computed in various ways, though we defined it as DSO = (Accounts Receivable*365 Days) / (Total Revenues). Companies participating in the survey belonged to a broad

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Cash Management 101


Cash management is an essential business process all organizations must perform to survive. Though cash management uses automation for much of the “grunt” work, it is human intelligence in the financial decision making that does the rest.

account receivables  today's receivables plus today's account balances exceed today's payables. Failure to practice this business management process guarantees bankruptcy. Every large organization has a cash management group, sometimes called the treasury . This group's function includes management of such items as investments and borrowing in addition to the organization's daily cash flow. In small to medium businesses (SMBs), usually the chief financial officer (CFO), president, or owner performs the task of cash Read More

Deltek's Second Bite at the IPO Cherry (Part III)


Part II of this blog series analyzed the relatively recently launched Deltek EPM suite, which came as a result of three focused acquisitions. It also analyzed the suite's resulting potential cross- and up-sell opportunities and its prospective additional revenue for Deltek in a standalone manner. However, Deltek has not been sitting still when it comes to continually enhancing its core products

account receivables  entries, purchase orders, vouchers, account receivables (A/R) balances, etc. Also, there are many other electronic billing capabilities, such as, besides the above-mentioned support for WAWF - RA , the automatin of GSA schedules and Accounting Classification Reference Number (ACRN) billing. Obvious benefits of the above would be that companies could improve their cash flow and shorten billing cycles (get paid faster), while accountants and project managers could comply with the DoD's strict directives and Read More

Beware of CRM Innovation for Innovation’s Sake


When I first wrote about the upcoming TEC CRM Buyer’s Guide focusing on innovation, I stated that customer relationship management (CRM) vendors can differentiate themselves from their competitors through innovation. But I also mentioned that innovative technology should not be embraced just because it’s new or cool, or  seems to bring the answers to your problems. Innovation is great, but

account receivables  using a portal for account receivables may not help if your customers prefer to receive invoices by e-mail. 3.  Innovative technology will always cost you something but return on investment (ROI) is always hard to calculate . Even when it’s free, an innovative CRM solution will cost you time and effort to test it, implement and integrate it, maintain it, etc. And it’s almost impossible to calculate ROI for innovative technology, because you don’t know what extra investments it will require in the Read More

Fatal Flaws in ERP Software Create Opportunity for Niche Software in CPG Companies


ERP software may fail to meet critical business requirements. When companies find that their ERP doesn't meet all of their business requirements, they should investigate niche software vendors who are focused on fixing fatal flaws. This paper discusses one of the potential fatal flaw areas in the CPG industry.

account receivables  promotion from their traditional account management or call center applications. Like the general ERP vendors, their solutions tend to be broad-based. The following chart illustrates the relationship between the depth of functionality and the breadth of offering of software vendors relating to food industry pricing and trade promotion management: Niche vendors utilize industry-specific functionality to compete with global vendors. Alex Ring, president of the Synectics Group in Orefield Pennsylvania (US), Read More

Rising to the Challenge: Productivity in Accounting and Finance Organizations


During these challenging times companies need to do more with less. This need extends throughout the organization-and companies' accounting and finance organizations are rising to the challenge. Know the most critical challenges faced by the CFO organization of companies in improving staff productivity and effectiveness of their operations according to research conducted by the Institute of Management Accountants (IMA).

account receivables  the Challenge: Productivity in Accounting and Finance Organizations During these challenging times companies need to do more with less. This need extends throughout the organization-and companies' accounting and finance organizations are rising to the challenge. Know the most critical challenges faced by the CFO organization of companies in improving staff productivity and effectiveness of their operations according to research conducted by the Institute of Management Accountants (IMA). Read More

10 Common Mistakes You May Be Making When You Set User Rights and Securities


Whether you are implementing a new enterprise resource planning (ERP) solution in your company or you already have one—but did not pay very much attention to user rights and securities—there are some factors that you need to take into consideration. ERP is a sophisticated system where simple mistakes can cause big problems. It is also an important investment for your company—and you’ll want to

account receivables  settings for the administrator account used by your vendor’s support team . The support team should be able to reset the account or create a new one, but by the time this happens, it might be too late to fix an urgent problem. Also, some vendors might even charge you for the work they have to do in order to recreate the account that you removed or changed. 2. Use “admin” or “administrator” as a username or password . Also, using easy-to-guess words such as: “system,” “1234,” or even the Read More

Application Erosion: More Causes and Cures


Application erosion is real and it has a significant impact on the long-term value of technology. It can have various causes, but there is a possible solution to each one of them.

account receivables  over to the new account side of the scale at the expense of service to existing customers. In the old days an account manager was responsible for a group of accounts that were customers. These account managers, to be successful, had to gain acceptance of the customer as a valued member of the team and sought a position of influence in the planning organization of the customer, he added. If the account was managed correctly, the application manager played a role in minimizing application erosion. The Read More

Using Business Intelligence Infrastructure to Ensure Compliancy with the Sarbanes-Oxley Act


The 2002 Sarbanes-Oxley Act (SOX) has affected organizations, their data, and their reporting processes, putting a strain on how their financials are managed. Business intelligence solutions provide answers to these issues, allowing organizations to address SOX compliancy.

account receivables  taken SOX issues into account when upgrading their product suites to make sure that required standards can be met on an ongoing basis. Even though many other forms of financial reporting software meet SOX compliancy, BI solutions have the added bonus of built-in workflow processes and data integration features to ensure long-term compliancy. Data within spreadsheets can be changed, and structures are not always put in place to manage those changes. However, BI software suites have built-in task Read More

Case Study: Acceller


Since its inception in 2005, digital services provider Acceller had been using the same system to manage accounts payable (AP) and accounts receivable (AR). But when business began to increase, the lack of sophisticated financial reporting and the need for improved financial controls became significant issues. Find out how the company chose a solution that provided the needed control and reporting capabilities.

account receivables  same system to manage accounts payable (AP) and accounts receivable (AR). But when business began to increase, the lack of sophisticated financial reporting and the need for improved financial controls became significant issues. Find out how the company chose a solution that provided the needed control and reporting capabilities. Read More

Evolution of Social Networks into Virtual Organizations


Modern online social networks are successful and popular, and have been since the mid-1990s. The question now before us is this: what is this phenomenon and where do we go from here? Find out how online social networking and the many related user trends can impact businesses, governments, and other organizations—including virtual organizations—with a detailed account of the types of social network users.

account receivables  virtual organizations—with a detailed account of the types of social network users. Read More

Customer-oriented Banking and Account Origination


A decline in customer loyalty has put a great deal of pressure on financial institutions of late. Thus, as banks tailor products and services to meet customer demands, they must also boost revenue. That’s why it’s essential to target your most profitable customers with real-time insight that helps you drive revenue, increase profitability, and build long-term relationships with those customers.

account receivables  oriented Banking and Account Origination A decline in customer loyalty has put a great deal of pressure on financial institutions of late. Thus, as banks tailor products and services to meet customer demands, they must also boost revenue. That’s why it’s essential to target your most profitable customers with real-time insight that helps you drive revenue, increase profitability, and build long-term relationships with those customers. Read More

How One Vendor Supplies Agility to Post-implementation Enterprise Systems


Agresso's information warehouse, business process, and reporting and analytics information delivery models are inextricably linked in a virtual cycle. A change in any of these core competencies automatically informs a change in the others without instilling business disruption.

account receivables  of creating a ledger account structure with no sub-ledgers at all. This is contrary to the conventional approach to financial analysis, which is to create complex ledger structures with several sub-ledgers (for instance, with an account structure looking like x/xx/xx/xx/xxx/xxxx/xxx) so as to accommodate all possible reporting and analysis data fields, with combinations like fund, committee, cost center, department, balance sheet, division, subjective account, and so on. For instance, CODA Read More

ERP Manufacturing Suite


INDUSTRIOS was designed to take all aspects of your operation and give you the information you need, right when you need it. Material costs, the unassembled pieces, the outsourced, work center, labor time, everything is taken into account to give you an accurate price for your finished goods. Coordination between sales quotations, production schedules and shipping, INDUSTRIOS has it covered. Know if something will be late before it is. Avoid having to reorganize shipment dates, ordering last minute materials so production isn’t further delayed, or any unforeseen costs. 

account receivables  everything is taken into account to give you an accurate price for your finished goods. Coordination between sales quotations, production schedules and shipping, INDUSTRIOS has it covered. Know if something will be late before it is. Avoid having to reorganize shipment dates, ordering last minute materials so production isn’t further delayed, or any unforeseen costs. Read More

Continuous Data Quality Management: The Cornerstone of Zero-Latency Business Analytics Part 2: One Solution


Most enterprises fight fires with axes, fire hoses, trucks, and hordes of firemen, but the CDQM approach is a smoke detector. It’s far less expensive to put a fire out when it’s just smoldering, rather than to extinguish a blazing house fire and then remodel the entire house.

account receivables  the two companies' customer account numbers. Huntington's were eight numbers long; Systron's were 10 alphanumeric characters long. When Huntington's IT department began merging the account data, it was decided that Huntington's eight-number account number would be the default format. All of Systron's accounts were uploaded to an eight-number format, changing all alpha characters to zeroes and truncating the 10-character format to eight, eliminating the validity of Systron account numbers in one Read More