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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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 cfo 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 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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Best Practices in Creating a Strategic Finance Function


Many chief financial officers (CFOs) have started to take on new strategic roles. Their goals are to enforce stricter controls to ensure legal and regulatory compliance, offer strategic insights into the internal and external business environment, and connect the business strategy with daily operations through performance tracking. Learn more about the changing role of the CFO in today’s finance organization.

cfo efficient finance processes  mirror best practice. The CFO decided that a shared-services arrangement would help increase productivity, especially for transaction-based functions. He decided to start by developing a shared-services arrangement with pay- roll, which suffered from inefficient processes and lack of automation. The result was world-class. The financial center now operates so effectively that it has begun to show a profit when employees ask for extra processes (cash advances, stop payments, manual checks, and so forth). Read More

The State of the Art in Finance


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cfo efficient finance processes  all global divisions. The CFO believes that cash generation is the lifeblood of a consumer products company, affecting all parts of the organization. Cash, in fact, is the barometer of the success of the company''s brand-building exercises; sales indicate the strength of the brand, and sales generate the cash that allows the company to fund its brand-building activities in new regions and new product areas. To develop the capability to monitor and understand the company''s cash flow, however, the CFO Read More

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


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cfo 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

Finance Transformation and Routine Accounting: Enabling the Corporate Controller’s Role as a Strategic Contributor


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cfo efficient finance processes  stakeholders (such as the CFO or accounting personnel) basic tactical requirements and problems must be addressed. Processes and solutions included in the finance transformation project must include those that impact the role of Controller such as: Monthly and annual financial reporting Financial regulatory and compliance issues Tax planning and annual audits Global tax compliance Financial planning and analysis (e.g., budgeting, forecasting, variance analysis) Internal controls and corporate governance Read More

Supplier Portals: Insight into an Efficient Supply Chain


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cfo efficient finance processes  Portals: Insight into an Efficient Supply Chain Manufacturers previously tracked suppliers and their deliveries of goods in a predictable method that often resulted in errors. For small to midsized suppliers eager to adopt more efficient communications with customers but lacking access to an EDI-compliant system, supplier portals are an alternative cost-saving solution. See how supplier portals add increased efficiency, quality, and transparency to the supply chain. Read More

SMB Finance and Accounting Checklist: What You Need to Consider Before You Buy


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Professional Services Organizations Automate their Processes


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cfo efficient finance processes  Services Organizations Automate their Processes Introduction In response to market demand, a relatively new software space aimed at professional services organizations has emerged as a viable software category. Viewed as Enterprise Resource Planning for People, this class of software is continuously redefining its parameters. Although professional services organizations were initially targeted by niche vendors, in the last couple of years, we have seen the entrance of major enterprise resourc Read More

Automating Processes: Plucking the Low-hanging Fruit of Process Management


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The Case for Integrated Processes


Most chief executive officers (CEOs) have developed strategies that push their companies to achieve certain goals. So why are so many companies failing to achieve these goals? Because their twenty-first century vision is being held back by twentieth century processes and IT systems. The missing ingredient: information. And the key to facilitating the flow of information lies in integrated processes.

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Adaptive Discovery: Accelerating the Deployment and Adaptation of Automated Business Processes


To automate processes, business users and IT must work together as a team. The combination of technology infrastructure, process flow, and business requirements all needs to be translated into a process map to enable automation to occur. This process discovery effort, and adjusting the process map to manage change, is the most significant challenge of business process management (BPM) projects.

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Holistic and Efficient Protection for Oracle Databases


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cfo efficient finance processes  and Efficient Protection for Oracle Databases Successful business operations hinge on a company’s ability to maintain a high level of data availability. Database applications, such as Oracle, demand advanced data storage management to optimize application and data availability, as well as storage management capabilities. Discover a solution that can help deliver an enhanced backup, restore, and recovery regime that protects your vital data from soft and hard errors. Read More