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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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Documents related to » consolidated and efficient finance processes

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 D 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

The Renewed Finance Function: Extending Performance Management Beyond Finance


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consolidated and efficient finance processes  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 user Read More

Smooth Transition: Preparing for IFRS


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consolidated and efficient finance processes  The inherent value of consolidated transaction management and reporting systems becomes clear in a financial data conversion process. The ledger and subledger systems (where core data resides and feeds the GAAP-based GL) are the sources of the data conversion process. In the same way that ERP efficiently consolidates large volumes of financial and operational data for management visibility and reporting, companies can leverage the ERP system to consolidate multi-GAAP reporting for IFRS conversion. 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

Why Are You Afraid of (Re) Defining Business Processes?


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consolidated and efficient finance processes  Are You Afraid of (Re) Defining Business Processes? We all are—except consultants who praise the importance of business processes, but sometimes don’t practice what they preach. Business processes can be simply good or bad habits that people follow mostly because it’s what they’ve always done rather than it being a way to work more efficiently. There are a few very good reasons that make people afraid of changing the way they do their business processes. Let’s take a look at some of them: Acco Read More

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consolidated and efficient finance processes  Business Value with Communication-enabled CRM Processes: Enhancing Marketing, Sales, and Service Creating Business Value with Communication-enabled CRM Processes: Enhancing Marketing, Sales, and Service If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. Unlike other CRM software, the SAP Customer Relationship Management (SAP CRM) application, part of the SAP Business Suite, not only helps you address your short-term imperatives – Read More

Adaptive Discovery: Accelerating the Deployment and Adaptation of Automated Business Processes


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consolidated and efficient finance processes  Discovery: Accelerating the Deployment and Adaptation of Automated Business Processes To automate processes, business users and IT must work together as a team. The combination of technology infrastructure, process flow, and business requirements all needs to be translated into a process map to enable automation to occur. This process discovery effort, and adjusting the process map to manage change, is the most significant challenge of business process management (BPM) projects. Read More

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Aligning Risk and Finance in Banks: From Theory to Practice


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consolidated and efficient finance processes  the Effectiveness of Your Manufacturing Processes Overall equipment effectiveness (OEE) is a simple concept, but it promises manufacturers big gains in efficiency and profitability. OEE tells you how well your equipment and assembly lines are performing against full potential. One hundred percent means no downtime, no low cycles—and no defects. Learn more about OEE in OEE: Monitor and Improve the Effectiveness of Your Manufacturing Processe . You''ll discover a simple and practical program that c Read More

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