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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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Enter Enterprise Incentive Management and Incentive Compensation Management


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consolidated and efficient finance processes sap  data needs to be consolidated in a format conducive to analysis (to properly understand the effect of compensation plans on staff behavior and to develop more effective plans). Management requires analysis and reporting tools that facilitate accurate, timely, and straightforward examination of incentive plan data; this information is required via a mechanism that can be accessed anytime, anywhere (the Internet). Difficulty in managing commission pay disputes Traditionally, sales management has to comb Read More

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


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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

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.

consolidated and efficient finance processes sap  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

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 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

SAP Bolsters NetWeaver's MDM Capabilities Part Two: xCat and SAP MDM


SAP purports that SAP MDM also lays the foundation for efficient and accurate exchange of cross-business information. Consumer products companies, for instance, can exchange timely product information with retail distributors, avoid costly inaccuracies, enhance merchandizing, and improve supply chain operations.

consolidated and efficient finance processes sap  Bolsters NetWeaver''s MDM Capabilities Part Two: xCat and SAP MDM What xCat Offers SAP NetWeaver , has become the main pillar of SAP AG ''s (NYSE: SAP) strategy to remake itself into a platform vendor. With this and mySAP Business Suite , the broadest suite of enterprise applications in the market, SAP will sell possibly everything from application servers via middleware to Web services (envisioned, in SAP''s case, to orchestrate business processes by means of packaged composite applications across and Read More

SAP Business Intelligence Partner Program


In this webcast you ll learn how you can use SAP Business Objects, BI OnDemand, to provide a world-class business intelligence solution to your cus...

consolidated and efficient finance processes sap  Business Intelligence Partner Program As a software vendor, meeting a growing demand for business intelligence (BI) applications can be a critical factor in the growth of your business. But what if you don’t have the resources to develop a complete BI solution? In this webcast you’ll learn how you can use SAP Business Objects, BI OnDemand, to provide a world-class business intelligence solution to your customers as part of your overall product offering. Find out how flexible implementation options Read More

SAP Business Suite on HANA: See What You’re Missing


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consolidated and efficient finance processes sap  Business Suite on HANA: See What You’re Missing TEC senior ERP analyst Ted Rohm takes a close look at SAP Business Suite on HANA one year after its debut. His report delves into the improvements SAP has been able to achieve by taking advantage of the HANA platform, and explores why SAP ERP powered by HANA is picking up so much momentum. Read More

SAP PLM


SAP PLM integrates all participants in the development process: designers, suppliers, manufacturers, and customers. SAP's product attempts to keep engineering from being a linear value chain, but rather a three-dimensional, collaborative community focused on a common goal. SAP PLM provides a solution for companies that require proactive quality management to improve equipment and plant performance. SAP PLM is delivered through mySAP Enterprise Portal, which is a role-based portal solution. The solution provides Web-based access to internal and external content, applications, and services. SAP PLM integrates with mySAP Supply Chain Management, mySAP Customer Relationship Management, mySAP Supplier Relationship Management, mySAP Exchanges, and SAP's enterprise resource planning (ERP) offerings.  

consolidated and efficient finance processes sap  PLM SAP PLM integrates all participants in the development process: designers, suppliers, manufacturers, and customers. SAP''s product attempts to keep engineering from being a linear value chain, but rather a three-dimensional, collaborative community focused on a common goal. SAP PLM provides a solution for companies that require proactive quality management to improve equipment and plant performance. SAP PLM is delivered through mySAP Enterprise Portal, which is a role-based portal solution. The Read More

NEC to Inflate SAP Business ByDesign Tires


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consolidated and efficient finance processes sap  to Inflate SAP Business ByDesign Tires Those who have recently been gleefully celebrating the untimely death of the maligned SAP Business ByDesign cloud enterprise resource planning (ERP) product might want to check their facts. The truth is that, as part of the SAP solution portfolio for small and medium enterprises (SMEs), SAP Business ByDesign has recently been made available on the SAP HANA in-memory platform. If the cloud ERP product’s initial underpinning technology was not up to snuff, this Read More

SAP Remains Solid While Transitioning


On July 20, SAP AG, the leading provider of enterprise business software applications, announced its results for the quarter ended June 30, 2000. Despite an 18% decrease of net income, a notable increase of license revenue in all markets worldwide was encouraging.

consolidated and efficient finance processes sap  Remains Solid While Transitioning SAP Remains Solid While Transitioning P.J. Jakovljevic - August 23, 2000 Event Summary According to a press release from July 20, SAP AG, the leading provider of enterprise business software applications, announced its results for the quarter ended June 30, 2000. In the second quarter, revenues rose 19% over the same period last year to E1.50 billion. License revenues grew by 23% to E554 million of which sales of mySAP.com, the leading e-business platform, accelerated Read More

Tailoring SAP Data Management for Companies of All Sizes


The need for accurate data management such as upload or download of data between a company’s data sources and SAP systems is more critical than ever. Users are relying on manual operations, which are inherently error-prone, and time- and resource-intensive. Today's environment requires enterprise-class automation to overcome these challenges of data management. Learn about one solution that can help improve SAP data management.

consolidated and efficient finance processes sap  SAP Data Management for Companies of All Sizes The need for accurate data management such as upload or download of data between a company’s data sources and SAP systems is more critical than ever. Users are relying on manual operations, which are inherently error-prone, and time- and resource-intensive. Today''s environment requires enterprise-class automation to overcome these challenges of data management. Learn about one solution that can help improve SAP data management. Read More

SAP for the Chemicals Industry: Challenges and User Recommendations


Using the SAP ERP Chemicals Packaged Solution may represent a significant advantage—but only if SAP is the right enterprise resource planning system for the prospective user company, and if the prepackaged business processes are a suitable fit.

consolidated and efficient finance processes sap  for the Chemicals Industry: Challenges and User Recommendations No One Is Immune to Challenges As said many times before, SAP AG (NYSE: SAP) has ruled for some time in the upper tier of the chemicals kingdom, but competition in the chemicals mid-market is far from non-existent, given strong offerings from vendors such as Oracle , Ross Systems / CDC Software , Infor , 3i-Infotech , SSI-World , and SSA Global . These are only the mainstream enterprise resource planning (ERP) vendors focusing on the Read More

SAP Opens The ‘Miss Congeniality’ Contest


While SAP’s determination to become enterprise applications Web Esperanto evangelist is of paramount importance to its customers and for the general market direction, one should by no means expect short-term tectonic moves.

consolidated and efficient finance processes sap  Opens The ‘Miss Congeniality’ Contest SAP Opens The ''Miss Congeniality'' Contest P.J. Jakovljevic - December 4, 2001 Event Summary On November 6, SAP AG (NYSE: SAP), the leading provider of business software solutions, detailed its open-standards-based infrastructure that should enable technical interoperability and should drive collaborative business in a heterogeneous IT world. The foundation for all mySAP.com solutions, mySAP Technology reportedly enables collaboration across business processes Read More