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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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 consolidated and efficient finance processes cfo

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 » consolidated and efficient finance processes cfo

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


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consolidated and efficient finance processes cfo  making critical business decisions. Consolidated. It is inefficient to implement process or regulatory changes that affect an entire organization on a system-by-system or subdivision basis. A common technical platform can eliminate this potentially costly requirement. Striking a Balance The best-run finance organization will continue to address near-term priorities while helping to chart long-term business direction. As a result, the mission of today’s finance organization is truly both tactical and Read More

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consolidated and efficient finance processes cfo  multiple systems must be consolidated and tasks coordinated across operating units located in different locations and time zones. The time and effort of closing the books can be greatly reduced through technology investments that help standardize, automate and coordinate the companywide closing process. Leading companies are benefiting from technology solutions that enable more consistent processes, better task coordination, collaboration and workflow required for closing the books. Graphical tools also Read More

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consolidated and efficient finance processes cfo  of the functionality is consolidated. From the purchase order I can essentially see the whole chain of transactions. That is quite useful, Jaekel says. Advice to Other Midsize Businesses For other businesses looking to invest in an ERP solution, both Jaekel at eZono and Fandino at Gavina Coffee believe that the challenging economic conditions should not be a deterrent, particularly in areas where an ERP solution can improve company efficiencies, reduce costs and improve competitiveness. I''m not one to Read More

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consolidated and efficient finance processes cfo  systems has to be consolidated and tasks must be coordinated across operating units located in different locations and time zones. Businesses can great- ly reduce the time and effort required to close the books by investing in technology that helps to standardize, automate, and coordinate the companywide closing process. The right products can enable more consistent processes and better task coordination, collaboration, and workflow needed to efficiently close the books. And when these products allow Read More

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