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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 finance department 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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The Renewed Finance Function: Extending Performance Management Beyond Finance


The role of the finance team has changed recently, due to increased oversight from regulators, more active investors, and company-specific changes in business operations. What steps are companies taking to respond to the internal and external forces? Find out how finance often repairs core finance and operating activities, as exposed in the results of a survey and a series of interviews among senior finance executives.

cfo finance department processes  Chapter 1: The Strategic CFO Over the last decade, finance executives have evolved from serving primarily as chief accountants to becoming more closely engaged with business unit managers. Rather than focusing on keeping a historical record of company activity and performance, CFOs and their teams are providing advice, counsel, and decision sup- port to business managers on a broader array of finan- cial and operating activities. While the role of the finance team varies with the unique requirements of Read More

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


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cfo finance department 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

Best Practices in Creating a Strategic Finance Function


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cfo finance department processes  particularly with budget One CFO admitted, Until we began to appreciate the importance of simplicity in thinking through our finance function and making it more strategic, we did not realize the way that technology can help you deal with complexity, and allow you to achieve the strategic goals finance should achieve. ABOUT APQC AND THE OSBC RESEARCH The OSBC research helps executives benchmark within their industry as well as with best-in-class organizations with comparable processes. Spear- headed by Read More

Bean Counter to Business Leader: 5 Strategies for the CFO


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cfo finance department processes  an opportunity for the CFO — and by extension the Finance department — to take on a value added role. Anyone in any area of a company where automation was introduced will tell you that it does not decrease their workload, but what it does is to enable greater productivity and more value added activities. In the Finance area, when a company moves from manual or disjointed processes for budgeting, consolidation, and forecasting, to an enterprise business performance management solution, the result Read More

Beyond Boundaries: A New Role for Finance in Driving Business Collaboration


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Improving the Effectiveness of Your Manufacturing Processes


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A Key Link in the Supply Chain-Connecting Business Strategy to Distribution Center Processes


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ITIL Service Support Processes in Record Time


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Outsourcing Supply Chain Planning Processes


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Align Financial Processes and Systems for Better Business Value and Compliance


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Aligning a Manufacturing Vision with Processes through Mixed-mode ERP


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