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Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
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 better manage financial processes it

Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

CRM for Financial and Insurance Markets

Customer relationship management (CRM) focuses on the retention of customers by collecting data from all customer interactions with a company from all access points (by phone, mail, or Web, or in the field). The company can then use this data for specific business purposes by taking a customer-centric rather than a product-centric approach. CRM applications are front-end tools designed to facilitate the capture, consolidation, analysis, and enterprise-wide dissemination of data from existing and potential customers. This process occurs throughout the marketing, sales, and service stages, with the objective of better understanding one’s customers and anticipating their interest in an enterprise’s products or services.  

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Managing Risk through Financial Processes: Embedding Governance, Risk, and Compliance


Initiatives to automate and streamline financial processes often focus more on reducing costs than adding value. Adding the kind of value you should have in your financial processes stands at the heart of a broader initiative known as governance, risk, and compliance (GRC). Learn why embedding the components of GRC within your financial processes can help you track financial flows and alert you when things might go awry.

better manage financial processes it  and Financial Processes , Better Manage Financial Processes , Continuous Process Improvement , Process Improvement Qualifications , End-to-end Processes for Financial . Contents Preface Introduction About the survey What the executives are saying Impact on decision-making What to keep in mind Conclusion Preface Managing risk through financial processes is an Economist Intelligence Unit report sponsored by SAP. The Economist Intelligence Unit bears sole responsibility for this report. The Economist Read More

On-demand IT Asset Management: What It Is, Why You Need It, and How You Can Benefit.


You probably know that managing your IT assets and infrastructure is becoming increasingly more complex, as your company operates on a broader, more global scale. But do you know what IT asset management (ITAM) is and how it can benefit your company? Learn about ITAM solutions that can help your organization gain greater control over the various components, including software and hardware, within your IT architectures.

better manage financial processes it  place, their businesses can better manage their computer hardware and software, correlate assets to contracts and financial records such as software licenses and equipment leases, and detect and prevent IT and regulatory risks to their various technology components. So, they can streamline and simplify maintenance, reduce related expenses, improve asset utilization, and maximize the positive impact IT has on the business and its bottom line. Readers will also discover the advantages of the Read More

Aligning Business with IT through IT Portfolio Management and IT Governance


When business uncertainties are frequent and compliance with regulations is mandatory, it can be a challenge to keep information technology (IT) synchronized with strategy for maximum business value—while reducing IT cost. An IT portfolio management framework, coupled with an IT governance framework, can provide visibility into projects and IT assets, keeping them aligned to business objectives at all times.

better manage financial processes it  as a result of better visibility about what kind of applications are present in the enterprise portfolio. APM+ PPM + ITG: ENSURING A CONTINUOUS PERFECTION LOOP With a portfolio that is rationalized and optimized, organizations can look for further opportunities of optimization of assets. Balancing the asset and project portfolio would require implementing an application and project portfolio framework in combination with an IT Governance framework. Balancing resources and asset requirements will provide Read More

The Financial Close: Optimizing Performance and Driving Financial Excellence


“Financial close” is a company’s ability to complete accounting cycles and produce financial statements for internal management and external legal reporting—and is still a key part of today’s global finance function. Do you know how to overcome the barriers to a fast, high-quality close? Discover solutions that can help you improve your close times and address the challenges of automating and testing internal controls.

better manage financial processes it  end result is often better data quality and shorter timetables. Establishing a new reporting framework for all stakeholders involved in the financial close process to provide a broader range of possibilities and greater depth of analysis Where manual data entry processes exist, replacing them with direct integration between source ERP or GL applications and enterprise performance management applications Establishing a control environment identifying the most effective and efficient controls for financial Read More

Financial Reporting-Who Needs It?


Solid financial reporting applications are as different from run-of-the-mill reporting tools as financial accountancy is from bookkeeping. Organizations routinely use common reporting tools for management accounting. But financial reporting applications can elaborate financial statements for external users, helping organizations to share information as necessary and comply with disclosure requirements. TEC analyst Jorge García discusses the benefits of financial reporting tools.

better manage financial processes it  , “ Accountants Deserve Better? ,” reinforces the idea that a financial reporting application can help not only to provide accurate and summarized financial data, but also to improve the decision-making process, as part of a complete strategic financial vision. If accountants really deserve better—which, by the way, I think they do—it might be a good idea to provide them with the appropriate tools to perform to the best of their abilities, in addition to a complete tactical and strategic Read More

Spotfire Financial Analytics


Spotfire provides visual analytics software for the financial industry. Spotfire Financial Analytics gives users the ability to visually interact with their data, asking questions to reveal hidden patterns and biases. Users can easily change views, filters, and queries. Users can share sessions with colleagues or export them to applications like Word, Excel, PowerPoint, and Adobe Acrobat.  

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The 2007 Microsoft® Office System in Financial Services


This white paper highlights the key challenges facing the financial services industry, and discusses how the 2007 Microsoft® Office system can help financial institutions affect business performance with innovative and powerful enterprise capabilities that extend far beyond improving personal productivity.

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Looking for a Better Way


Accounting firm Fox and Fiorino P.A. knew there had to be a better way to take care of billing. With most of its billing being entered manually, no real-time reporting was available to ensure accuracy. So in 2003, the company implemented BillQuick. With this automated time-keeping and billing solution, Fox and Fiorino has improved the quality of its information, reduced overtime, and increased revenues and cash flow.

better manage financial processes it  for a Better Way Accounting firm Fox and Fiorino P.A. knew there had to be a better way to take care of billing. With most of its billing being entered manually, no real-time reporting was available to ensure accuracy. So in 2003, the company implemented BillQuick. With this automated time-keeping and billing solution, Fox and Fiorino has improved the quality of its information, reduced overtime, and increased revenues and cash flow. Read More

If It Ain’t Broke, Don’t Fix It!!!


“If it ain’t broke, don’t fix it.” If this proverb were applied in today’s operations, every organization would be in a reactive mode of maintenance and work against the lean manufacturing concepts. Any breakdown or downtime on the manufacturing floor, in the warehouse, in transportation, or any other business process will create missed customer commitments, failed deliveries, idle time, and

better manage financial processes it  or scheduled maintenance for better planning, commitment, and allocation of resources. Organizations that are using lean manufacturing practices or trying to achieve continuous flow manufacturing must be able to keep all of their assets in tip-top shape. It is crucial to have a complete understanding of which assets an organization has available at any given time in order to achieve business success. Many organizations need to understand that equipment is not only an asset, but a resource as well. Read More

Team With Business Management to Drive Out IT Cost


IT complexity drives cost and to a great extent, it is business management that drives IT complexity. Until IT architecture and infrastructure are simplified and configured into an adaptable platform, system design and construction will be fraught with wasteful work and non-essential components.

better manage financial processes it  the manufacturer would be better served focusing on business applications and business integrators. If either chooses the opposite management approach, increased IT complexity will result from having more people than necessary and having more technology to deal with. Conclusion   Small to midsize companies suffer the same pains as these larger ones. The only difference is that the integration versus assimilation issues lie between departments or divisions who are left to choose their own systems and Read More

Financial ISV Partnership


Increasingly complex financial instruments, a global customer base, and a more stringent regulatory environment are making financial services companies more dependent on cutting-edge software products to maintain their lead in the markets. This white paper discusses the ways for financial services companies to create a strategic partnership with a specialist service provider to provide a more complete product.

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Managing Financial Performance: Closing the Gap Between Strategy and Execution


In Managing Financial Performance: Closing the Gap Between Strategy and Execution, learn how a unified, closed-loop performance management system...

better manage financial processes it  agile and responsive develop better insight and visibility into cost and profitability drivers Learn how an EPM solution can help take your company''s performance to the next level. Download your PDFF copy of Managing Financial Performance: Closing the Gap Between Strategy and Execution today! For assistance, please contact customer service. Hours: 8:00 AM to 5:30 PM EST. Phone: +1 514-954-3665, ext.367. Read More

Better Discovery Better Results


System solutions must be aligned to business needs. Unfortunately, current approaches for providing system solutions have a fatal flaw--their approach to finding out what is truly happening in an organization. Current discovery efforts rely on interviewing selected representatives who provide their perception of what others do. Solutions based on perceptions, rather than reality, are disruptive and costly. This paper presents a more effective approach for determining how an organization truly operates and its real needs.

better manage financial processes it  Discovery Better Results System solutions must be aligned to business needs. Unfortunately, current approaches for providing system solutions have a fatal flaw--their approach to finding out what is truly happening in an organization. Current discovery efforts rely on interviewing selected representatives who provide their perception of what others do. Solutions based on perceptions, rather than reality, are disruptive and costly. This paper presents a more effective approach for determining how an Read More

Compliance, Not Conflict: From IT Security vs. IT Operations,


It’s an inescapable, undisputable fact that most organizations have conflict between IT security and IT operations. Having been given two distinctive—yet potentially contradictory—goals, in a sense they were destined to be at odds with one another. What does it take to bridge the gap between these two teams to achieve compliance? Can standardized processes and software tools help (or hinder) this effort? Find out here.

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