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Software Functionality Revealed in Detail
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 consolidated and efficient finance processes sap

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 sap

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


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.

consolidated and efficient finance processes sap  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

Contributing to the Rejuvenation of Legacy Systems in the Enterprise Resource Planning Field


With its focus on service-oriented architecture, SSA Global appears to be sticking to its pledge to protect the user's investment as much as it can, while still modernizing the users' applications.

consolidated and efficient finance processes sap  to give a single, consolidated view of the user enterprise, while they also enhance intracompany communication by providing the ability for employees to collaborate more effectively with the desktop and each other. Decision-making services provide reporting, analysis, and monitoring tools to decision makers within the user company, so that they can make informed decisions via better and faster manipulation, configuration, and analysis of business information. Under the SSA CPM suite (which is powered by Read More

PROACTIS: The Best-kept Secret in Indirect Spend Management? - Part 2


Part 1 of this blog series introduced PROACTIS, a UK- and US-based specialist vendor of spend control and e-procurement solutions with accredited partners worldwide. I had the chance to meet the company during my attendance of UNIT4’s UK user event in early 2010, where PROACTIS was an exhibiting partner. The article then expanded on the company’s history, its procure-to-pay

consolidated and efficient finance processes sap  information from complex and consolidated bills, applies multiple tests to check for accuracy (e.g., price and quantity discrepancies), applies coding from its aforementioned learning engine, and fires up workflows for addressing any identified errors. Typical benefits include saved time and money by streamlining the customer’s bill payment process and enabling informed management decisions. Other Recent Developments As mentioned in Part 1, PROACTIS is a public company whose financial reports are Read More

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


Automating finance processes—such as closing the books, reporting, and other labor-intensive processes—reduces finance costs. By streamlining financial processes, you can spend more time on higher-value responsibilities and help ensure your company has a competitive advantage. Find out about the financial solutions many financial managers are implementing to automate their financial processes and financial transactions.

consolidated and efficient finance processes sap  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

SAP Tries Another, Bifurcated Tack At A Small Guy


As the battle for the mid-market intensifies and each Tier 1 vendor is exhibiting its bag of tricks for small-to-medium enterprises, SAP is trying a twofold strategy of promulgating its mySAP.com offering for the higher-end of the mid-market, while offering a recently acquired product to appeal to complexity-adverse smaller enterprises.

consolidated and efficient finance processes sap  Tries Another, Bifurcated Tack At A Small Guy Event Summary On March 21, SAP AG (NYSE: SAP), the leading provider of enterprise applications, reported business success at CeBIT conference, including new partnerships and first wins for a new product offering that comprises one part of SAP''s recently espoused bifurcated program to more successfully vie for small-to-medium enterprises. SAP, although the market leader, has nonetheless long been regarded too unwieldy and costly for this target market. Read More

SAP to Become Leaner, Meaner and More Organized


SAP is reportedly planning a radical revamp of its software development operations in an effort to regain dominance of the North American business software market.

consolidated and efficient finance processes sap  to Become Leaner, Meaner and More Organized SAP to Become Leaner, Meaner and More Organized P.J. Jakovljevic - July 10, 2000 Event Summary As reported in a number of industry reports at the beginning of June, German ERP software vendor SAP AG is to reorganizing its software division into three separate units. It is planning a radical revamp of its software development operations in an effort to regain dominance of the North American business software market. This will make our research and development Read More

SAP Gives Up, Declares Victory. Again.


Commerce One and SAP announced that Commerce One will supply the marketplace infrastructure behind the mySAP portal.

consolidated and efficient finance processes sap  Gives Up, Declares Victory. Again. SAP Gives Up, Declares Victory. Again. D. Geller - July 5, 2000 Event Summary SAP AG and Commerce One are joining together to build what SAP wasn''t able to build alone: the mySAP.com business suite. Widely perceived as lagging behind in the development of the marketplace capabilities that were an essential part of the image of mySAP, SAP has now solved its problem by bringing Commerce One, a leader in the deployment of e-procurement marketplaces, into the picture. Read More

SAP and HP on the Web Together


SAP AG and Hewlett-Packard have aligned their internet and e-services strategy.

consolidated and efficient finance processes sap  and HP on the Web Together Event Summary Hewlett-Packard has announced it is using mySAP.com as a key component for its world-wide internal operations. mySAP.com is an Internet portal which connects thousands of SAP customers to each other. HP''s implementation, will allow the development of a common backbone linking employees, customers and partners. The announcement builds on a 10-year HP and SAP relationship that has led to 6,000 installations of SAP R/3 on HP systems and more than 100 businesses Read More

Navigator One for SAP Business One


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consolidated and efficient finance processes sap  One for SAP Business One Navigator One is a suite of modules for SAP Business One—a business management software application designed specifically for small to midsize businesses (SMBs). Used by over 23,000 customers today, SAP Business One manages business functions across sales, operations, service, and financials, in an integrated software system. The Navigator One modules extend the core SAP Business One functionality in a completely integrated, same-look-and-feel option for Navigator’s Read More

SAP as a Retail Market Force: More Fact Than Fiction


Can SAP, a market and technology leader in business management software, translate its success in the manufacturing industry to retail? TEC principal analyst P.J. Jakovljevic reviews the complexities of this master vertical and the steps SAP has taken to address them. The ensuing candid discussion with the SAP Retail Industry team sheds some light on SAP’s strategy with regard to the retail industry.

consolidated and efficient finance processes sap  as a Retail Market Force: More Fact Than Fiction It is well known that SAP AG , founded in 1972, is a market and technology leader in business management software, and since those early days retailers have been using the now legacy SAP R/1 and SAP R/2 financials solutions to support their financial processes. With the success of the client-server SAP R/3 enterprise resource planning (ERP) solution in the early 1990s and the burgeoning expansion of the global ERP market, SAP embarked on tailoring its 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.

consolidated and efficient finance processes 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. SAP has reportedly worked closely with customers to identify the most complex tasks in finance and make them simpler to consume and perform. The result is SAP Simple Finance, based on SAP HANA in SAP HANA Enterprise Cloud under a Read More

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