X
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 solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 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. 

Evaluate Now

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.

cfo efficient finance processes  Processes to Extend | CFO Efficient Finance Processes | CFO Financial Processes Applications | CFO Standardizes and Integrates Financial Processes | CFO Organize Your Financial Processes | CFO Finance Department Processes | CFO Major Financial Processes | CFO Financial Processes Deliver Transparency | CFO Accelerates Financial Processes | CFO Integrate Administrative and Financial Processes | CFO Better Manage Financial Processes | CFO Continuous Process Improvement | CFO Process Improvement Read More

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


One company executive has a growing influence in today’s boardroom—the chief financial officer (CFO). And the role of the finance organizations that these CFOs lead is expanding as well. Examine the changing role of the finance organization in today’s business environment, learn how your CFO can take on a more prominent role in defining company strategy, and find out how you can develop a best-run finance organization.

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

Customer Process Management: The Real-time Enterprise Depends On the Merging of CPM and BPM


Customer-facing processes are challenging to manage because they are always changing. Conventional workflow automation and stand-alone business process management (BPM) technologies lack many critical components found in customer relationship management (CRM). However, converging BPM and CRM provides the responsiveness, cost-effectiveness, and manageability to achieve optimal results. The converged approach helps align priorities enterprise-wide, reduce risks, and unblock revenue growth potential.

cfo efficient finance processes  for years and the CFO felt it was most logical to manage this special approval process in the context of the customer management application. The sales department uses Onyx to originate orders and contracts, and customer data is stored there, making it easy for the vice president of sales to authorize certain activities for customers. But the approval process for special terms required authorization by more than the vice president of sales. Approvals were also required from corporate counsel, the Read More

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


Thanks to recent accounting scandals and an increasingly competitive environment, many chief financial officers and the finance organizations they lead have started to take on new roles within the enterprise. However, given the current state of the finance function in US companies, companies first need to understand the challenges to finance—and the road map to increasing its strategic capabilities.

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

On the Road to Compliance: Linking Processes and Documents


The US Sarbanes-Oxley Act has significantly impacted budgets, personnel allocation, business processes, and documentation. But leveraging a technology solution can smooth the overall compliance process. By investing in a content-centric business process management solution, organizations can automate and improve their compliance. This leads to an effort that is more effective and more efficient, and that ultimately saves money.

cfo efficient finance processes   Read More

Improving Profitability and Processes in Returns Management


Tellabs is a $1.3 billion (US) corporation that designs, manufactures, markets, and services optical networking, broadband access and voice quality enhancement. Tellabs was faced with a high volume and high cost product returns process. Improper documentation, lengthy processing times, and insufficient returns documentation was affecting customer service and limiting profitability. It worked with Click Commerce to implement their product returns application. The solution provides an efficient and transparent process, which allowed the business to be realigned for significant savings and improved customer satisfaction. The savings include reducing in-transit inventory by $1.76 million (USD) per month and reducing spare parts stocking levels from $7.5million to $1.9 million (USD).

cfo efficient finance processes  Profitability and Processes in Returns Management Tellabs is a $1.3 billion (US) corporation that designs, manufactures, markets, and services optical networking, broadband access and voice quality enhancement. Tellabs was faced with a high volume and high cost product returns process. Improper documentation, lengthy processing times, and insufficient returns documentation was affecting customer service and limiting profitability. It worked with Click Commerce to implement their product returns Read More

LyondellBasell: Centralizing Processes To Improve Learning and Development


With 17,000 employees in plants worldwide, LyondellBasell Industries is one of the world’s largest polymers, petrochemicals, and fuels companies. To develop and retain talent, the company standardized its learning and development processes for employees. Learn how LyondellBasel implemented its new learning solution in more than 25 manufacturing sites throughout the United States, Netherlands, and France.

cfo efficient finance processes  SAP,LyondellBasell,training,proposal,crm,reporting,erp,project management,system management,data warehousing,management training,change management,learning management suite,lms,training program Read More

Overall Equipment Effectiveness: Monitor and Improve the Effectiveness of Your Manufacturing Processes


Manufacturers looking to optimize production processes are turning to overall equipment effectiveness (OEE) measurement and analysis in order to reduce lost production time and improve performance. OEE sheds light on the percentage of production time that is truly productive, using the latest advances in sophisticated measurement and analysis tools. Discover how OEE can help you increase efficiency and profitability.

cfo efficient finance processes  Plex Online,traceability,oee,traceable,food traceability,overall equipment effectiveness,traceability software,traceability system,oee calculation,oee overall,product traceability,oee software,testing traceability,traceability systems,oee overall equipment effectiveness Read More

Managing Your Business Processes to Create Competitive Advantage


Any company efficiency improvements are going to involve business process management (BPM). BPM ensures process consistency, optimizes business processes, and ensures compliance. The result is not only cuts in cost and time, but it adds a price value and creates a price advantage which helps companies enhance their competitive edge.

cfo efficient finance processes   Read More

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.

cfo efficient finance processes  business process,business method,business process management,bbusiness management,business process modeling,business process trends,business process change,business process diagram Read More

Global High-tech Manufacturer Aligns Workforce Processes Using SumTotal


As a global company, GKN faced a spread-out workforce and disconnected processes, with separate and inefficient workforce performance, goals management, and learning and development processes. GKN needed to streamline and connect all of its strategic HR processes by deploying an integrated people management solution. Read the case study and see the results GKN achieved with SumTotal’s integrated talent management platform.

cfo efficient finance processes  SumTotal Career Development,SumTotal Compensation,SumTotal HR Management (HRMS),SumTotal Learning,SumTotal Performance,SumTotal Recruiting & Hiring,SumTotal Succession Planning,SumTotal Workforce Analytics,SumTotal Systems,talent management platform,talent management solution,human resources software,human resources software programs,human resources software applications,online human resources software Read More

Working Together More Efficiently: Mapping Out the Company’s Business Processes


Enterprises must collaborate or they will surely stagnate. Guarded proprietary information has given way to collaborative approaches where information is shared both inside and outside the enterprise’s walls. To survive, an enterprise must be flexible enough to collaborate externally with suppliers and partners while fostering the same environment with its employers.

cfo efficient finance processes  Together More Efficiently: Mapping Out the Company’s Business Processes Working Together More Efficiently: Mapping Out the Company’s Business Processes If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. Business process problems can be identified with rudimentary analysis, but if there is no means of defining, capturing, measuring or monitoring those processes, you can’t determine if you are benefitting. Source : Exact Read More

GlassCell Isofab: Integrating Processes to Improve Visibility and Control


GlassCell Isofab Inc. offers diverse products, from glass fiber to mineral fiber and sound-deadening metal, and operates eight distribution and manufacturing facilities in Canada. After a merger, the company decided to standardize and unify its business processes. See how this SAP® Business All-in-One solution helped GlassCell get an integrated view of the business and more easily scale and adapt to meet changing needs.

cfo efficient finance processes  SAP,GlassCell Isofab Inc.,erp,enterprise resource planning,sap business all-in-one,enterprise resource planning erp,enterprise resource planning system,what is enterprise resource planning,enterprise resource planning solution,enterprise resource planning definition,erp applications,manufacturing enterprise resource planning software,small business erp,enterprise resource planning erp systems,erp for small business Read More