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Software Functionality Revealed in Detail
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 consolidated and 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. 

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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.

consolidated and efficient finance processes  Major Financial Processes , Consolidated and Efficient Finance Processes , Webcast Financial Process Automation , Optimising Your Financial Processes , Future of Financial Processes , Pay and Financial Management Solutions , Connection Financial Processes , Ease Financial Processes , Discover Easy-to-Use Solutions , Financial Processes to Extend , Efficient Finance Processes , Financial Processes Applications , Standardizes and Integrates Financial Processes , Organize Your Financial Processes , Finance Read More

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


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consolidated and efficient finance processes  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

Software for Real People Part One: MindManager Feature and Functions


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consolidated and efficient finance processes  from multiple projects are consolidated into an executive dashboard and synchronized with Outlook tasks by category. What is uniquely powerful about Gyronix''s solution is that tasks are placed on the dashboard and synchronized with Outlook only when they are actionable. For example, if task A must be completed before task B, then only A will appear on the dashboard and in Outlook. Once, A is completed, then B will automatically appear both on the dashboard and in Outlook tasks. In this way, each project Read More

Contemporary Business Intelligence and Its Main Components


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The Renewed Finance Function: Extending Performance Management Beyond Finance


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SMB Finance and Accounting Checklist: What You Need to Consider Before You Buy


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consolidated and efficient finance processes  Finance and Accounting Checklist: What You Need to Consider Before You Buy Making a list and checking it twice is a particularly good practice when picking a finance and accounting software solution. If you don’t find the right product for your company, you’ll just pay for the mistakes on the back end. But first you need to know which features your small to midsize business must have and which you don’t want. Get some tips that will help you create your finance and accounting checklist. Read More

Professional Services Organizations Automate their Processes


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Modern ERP Processes Behind Historic Scotch Whisky


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Supplier Portals: Insight into an Efficient Supply Chain


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Using Data Analytics to Transform Your Business Processes and Your Business


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Are Your Business Processes Holding You Back?


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This white paper looks at 5 reasons for professional services firms to integrate sales, service, and finance into a single cloud solution.

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consolidated and efficient finance processes  Cloud Computing Matters to Finance This Institute of Management Accountants (IMA) paper explores the benefits of transitioning from an on-premise financials system to the cloud. The paper reviews research conducted among 800 IMA members regarding their perceived benefits and risks related to moving financials to the cloud, including drivers around total cost of ownership (TCO); anytime, anywhere access; easy upgrades; and business process improvement. Read More

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ITIL Service Support Processes in Record Time


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consolidated and efficient finance processes  Service Support Processes in Record Time To establish optimal service and support conditions, the case company, Naviair, chose to adapt and implement information technology infrastructure library (ITIL) service support processes. During the process, Implement Consulting Group assisted with facilitation, ITIL input, and lean competences and tools. The existing procedures and instructions were combined with ITIL’s different service support areas. Read More

GlassCell Isofab: Integrating Processes to Improve Visibility and Control


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consolidated and efficient finance processes  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. Read More