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Software Functionality Revealed in Detail
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 cfo consolidated and efficient finance processes

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

Discrete Manufacturing (ERP)

The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today’s leading ERP systems group all traditional company management functions (finance, sales, manufacturing, and human resources). Many systems include, with varying degrees of acceptance and skill, solutions that were formerly considered peripheral such as product data management (PDM), warehouse management, manufacturing execution system (MES), and reporting. During the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The foundation of any ERP implementation must be a proper exercise of aligning customers'' IT technology with their business strategies, and subsequent software selection. 

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Documents related to » cfo consolidated and efficient finance processes

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.

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Joining the Sarbanes-Oxley Bandwagon; Meeting the Needs of Small and Medium Businesses


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cfo consolidated and efficient finance processes  by chief executive officers (CFO) stating that financial expectations were not met due to a lack of visibility into corporate activities. These CFOs would frequently blame unforeseeable events, such as a key customer canceling a major order unexpectedly, or suppliers ramping up prices due to a shortage of raw materials. Regardless of the reason, CFOs are increasingly being called upon to give more accurate estimates of their earnings potential, and explanations as to why their company failed to meet Read More

Building a Best-run Finance Organization: A New Role to Address Today’s Business Realities


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cfo consolidated and efficient finance processes  these studies also offer CFOs the metrics needed to assess their own company’s success. Agile Optimizing Finance to Maximize Efficiency Like best-run operations everywhere, more and more finance organizations are looking for ways to streamline their processes. Automation is an obvious strategy. By automating transactional processes, top finance performers are lowering the cost of financial activities, reducing errors, and increasing turnaround speeds. In fact, benchmarking studies reveal that top Read More

Enter Enterprise Incentive Management and Incentive Compensation Management


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Not Small Change: World-class Financial Automation Delivers Dramatic Benefits


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cfo consolidated and efficient finance processes  Cardinal Health, says company CFO Jeff Henderson. With its broad range of healthcare-related products and services, Cardinal clearly needs to present one face to the customer. The company plans to complete implementation of a consistent, companywide finance process and systems platform in July 2007, including a shift from dozens of separate transaction-processing sites down to two shared-services centers in Dublin, Ohio, and Albuquerque, N.M. These two centers handle all the financial processes the Read More

Brookshire Grocery Company: Automating and Integrating HR Processes


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cfo consolidated and efficient finance processes  SAP,Brookshire Grocery Company,hr,crm,motivation,job description,erp,project management,outsourcing,payroll,human resources,humanresources,hcm,risk management,job vacancies Read More

Top Ten Reasons to Automate Your IT Processes


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The Practical Realities of Automating ETO Business Processes


Today, engineer-to-order (ETO) manufacturers—also known as project-based manufacturers—experience significant market pressure across their sales, engineering and manufacturing groups as they strive to win business and streamline end-to-end processes. But by capturing engineering knowledge and using it to automate key business processes, manufacturers can increase sales bid and win rates, decrease internal operating expenses, and shorten lead times.

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Strategic Profitability Management: An Opportunity for Finance Departments


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Modern ERP Processes Behind Historic Scotch Whisky


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BPM Weaves Data And Processes Together For Real-time Revenues


Linking data to process is the realm of business process management (BPM). BPM's focus on process dramatically reduces the amount of data that needs to be moved, and thereby reduces both the initial cost and ongoing maintenance cost of application integration.

cfo consolidated and efficient finance processes   Read More

SAP Ushers In Simple Finance on HANA Enterprise Cloud


At its SAPPHIRE NOW 2014 mega conference, SAP declared war on complexity, in many ways. One example is the introduction of SAP Simple Finance, a set of solutions rewritten for simplicity within global finance departments.

cfo consolidated and efficient finance processes  new real-time insights for CFOs and finance departments that were not easily achievable before, such as for planning, analysis, accounting, consolidation, treasury, financial operations, risk, and compliance. SAP HANA unifies transactions (OLTP) and analytics (OLAP) to streamline and eliminate cycle times and reconciliations of the data, which allows month-end book-closing activities to go from traditional tedious batch to real-time processing. HANA also makes possible rapid planning and forecasting Read More

Pelican Products: Supporting Growth with a Consolidated Business Platform


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cfo consolidated and efficient finance processes  Products: Supporting Growth with a Consolidated Business Platform A leader in the design and manufacture of advanced lighting systems and rugged protective cases, Pelican Products Inc. is also recognized as one of the fastest growing companies in the United States. Learn how, by consolidating its worldwide operations on a single instance of an enterprise resource planning (ERP) application, Pelican gained greater operational transparency and established a platform for continued growth. Read More

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