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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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 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 » 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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Customer Process Management: The Real-time Enterprise Depends On the Merging of CPM and BPM


Customer-facing processes are challenging to manage because they are always changing. Conventional workflow automation and stand-alone business process management (BPM) technologies lack many critical components found in customer relationship management (CRM). However, converging BPM and CRM provides the responsiveness, cost-effectiveness, and manageability to achieve optimal results. The converged approach helps align priorities enterprise-wide, reduce risks, and unblock revenue growth potential.

efficient finance processes cfo  solely to be more efficient at their work. Results were the motivation for optimizing their operations. Venice changed shipbuilding in hopes of defeating Napoleon''s navy. Whitney optimized musket assembly to win lucrative defense contracts. Ford perfected the assembly line, not just to make more trucks in less time, but to achieve a cost structure that would change American society. Without results , efficiency would have been meaningless. Fast forward to the information age, when businesses have tried Read More

Best Practices in Creating a Strategic Finance Function


Many chief financial officers (CFOs) have started to take on new strategic roles. Their goals are to enforce stricter controls to ensure legal and regulatory compliance, offer strategic insights into the internal and external business environment, and connect the business strategy with daily operations through performance tracking. Learn more about the changing role of the CFO in today’s finance organization.

efficient finance processes cfo  IT LEADS TO MORE EFFICIENT FINANCE FUNCTIONS APQC''s OSBC research reaffirmed that more effective use of technology helps companies achieve greater levels of efficiency and gradually frees up personnel for more strategic tasks requiring more thought and managerial capacity. First, the OSBC research showed that companies with a higher degree of automation have lower overall finance costs. Companies that had automated more than 66% of their finance processes had average finance costs of 1.2% of revenues, Read More

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.

efficient finance processes cfo  saved by running an efficient organization to provide proactive insights that enable other lines of business to make informed decisions supporting the best interests of the entire company. Holistic processes that encompass every part of the business – and that facilitate communication between departments – are critical to ensuring that finance is integrated with these operational decisions. Finance, marketing, sales, and manufacturing must all work together, for example, to effectively determine 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.

efficient finance processes cfo  make their operations more efficient and play a more strategic role in the business. Second, we wanted to deepen the knowledge we have gained through both our own research and our 35 years of expe- rience providing financial management solutions to the world''s leading companies. This study confirms what we have learned through that experience as well as through the benchmarking research conducted by SAP''s Value Engineering group: Investments in IT solutions that automate and stan- dardize critical Read More

The Superstar CFO: Optimizing an Increasingly Complex Role


Chief financial officers (CFOs) are under greater pressure, scrutiny, and accountability at companies large and small. An ideal CFO is a steward of decision-support information, cost controller, and more. With data supplied by some of the world’s most successful CFOs, get insight into what CFO responsibilities should be today to achieve extraordinary results, and how they should change to meet future challenges.

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Strengthening Business Processes through Rapid User Adoption and Workflow Learning


Knowledgeable users of enterprise applications can improve the efficiency of entire business processes, not just of their individual contributions. But first, employees must know how to use their enterprise software systems—and how their activities support larger processes. Effective workflow learning platforms address both needs, and ultimately enable users themselves to improve the processes that provide a competitive edge.

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The Superstar CFO


Find out in the superstar CFO.

efficient finance processes cfo  Superstar CFO You don''t often think of a chief financial officer (CFO) as being a superstar, but times are changing. Chief executives, boards, investors, and managers are constantly demanding more input and guidance from their CFOs—for both internal processes and external company activities. But what are the attributes of superstar CFOs? What sets them apart from their less successful counterparts? And what activities should they be focusing on in the future? Find out in The Superstar CFO . Based Read More

Durst Speeds Up Processes with Infor Distribution SX.e


Infor recently announced that Durst, an operator of the high-end plumbing fixture brand JACLO, has successfully implemented Infor Distribution SX.e. Durst uses two separate business divisions—decorative plumbing manufacturing and plumbing supply distribution, and with the built-in functionality of Infor Distribution SX.e, it will be able to more effectively manage both sectors of the business.

efficient finance processes cfo  provides tools to more efficiently train employees by documenting critical business processes. Capturing this information also provides Durst with the visibility to objectively evaluate and improve established processes. Durst plans to implement Infor ION in the future and to integrate Infor Distribution SX.e with other Infor and third-party systems, including an Infor Barcode application. Read More

Efficient Project Management


Successfully meeting today’s business challenges requires effective project management. How well your organization manages projects, tracks costs, and identifies and addresses project-related issues can have a big impact on your bottom line. But if your company still relies on traditional, stand-alone project management applications, most likely you lack the end-to-end process support you need to ensure success.

efficient finance processes cfo  Project Management Successfully meeting today’s business challenges requires effective project management. How well your organization manages projects, tracks costs, and identifies and addresses project-related issues can have a big impact on your bottom line. But if your company still relies on traditional, stand-alone project management applications, most likely you lack the end-to-end process support you need to ensure success. Read More

Winning the War for Finance Talent: Game Plan for the Digital Age


Big data is changing finance at every level. To be competitive, businesses must harness finance talent armed with skills beyond pure accounting. Consensus building, collaboration, communication, flexibility and other soft skills are also required. This infographic looks at six ways to modernize your finance department.

efficient finance processes cfo  the War for Finance Talent: Game Plan for the Digital Age Big data is changing finance at every level. To be competitive, businesses must harness finance talent armed with skills beyond pure accounting. Consensus building, collaboration, communication, flexibility and other soft skills are also required. This infographic looks at six ways to modernize your finance department. Read More

CRM for the Finance and Banking Industry - Part 1


How many different systems does a bank employee use when changing a customer’s contact information? The last time I moved and had to change my address, the bank employee used two systems, asked three or four of her co-workers for help, and took about 15 minutes to do it because the information from one system did not transfer right away to the other system. It goes without saying that this was not

efficient finance processes cfo  for the Finance and Banking Industry - Part 1 How many different systems does a bank employee use when changing a customer’s contact information? The last time I moved and had to change my address, the bank employee used two systems, asked three or four of her co-workers for help, and took about 15 minutes to do it because the information from one system did not transfer right away to the other system. It goes without saying that this was not my best experience dealing with banks, but not the worst ei Read More

Getting Your Data, Processes & Procedures GFSI-Ready


Quality compliance required of food companies is changing, and tightening, in recent years. Many large customers are requiring that their suppliers certify to GFSI standards, and companies also face the daily barrage of internal quality procedures across production and warehousing areas, laboratories, carriers and third-party logistics providers. Know the quality management functionality that should be an integral part of your ERP system so you can meet your food quality compliance challenges.

efficient finance processes cfo  food distribution, food distributor, ERP, ERP system, quality management, food quality compliance, food quality management, GFSI quality standards, JustFoodERP Read More

5 Key Points for Continuous Improvement in the Life Cycles of Processes


In today’s changing, competitive world, companies must adopt a continuous improvement methodology to support sustainable and profitable business models. Processes must be seen as a lever for analyzing and optimizing the way firms works. Before you initiate any project involving process automation and management, discover five key points that can help you make continuous improvements in the life cycles of your processes.

efficient finance processes cfo  continuous improvement,process performance improvement,continuous improvement lean,continuous improvement process,continuous improvement include,strategy for continuous improvement,kaizen means improvement Read More

Making Large UPS Systems More Efficient


As energy resources become scarcer and more expensive, electrical efficiency is a more important performance factor in the specification and selection of large uninterruptible power supply (UPS) systems. There are three subtle but crucial factors that can affect the cost of operating a UPS system. Sadly, these factors are often unrecognized. Find out what they are, as well as common errors in evaluating UPS efficiency.

efficient finance processes cfo  Large UPS Systems More Efficient Making Large UPS Systems More Efficient If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. In today''s always on, always available world where businesses can''t stop and downtime is measured in dollars, American Power Conversion (APC) provides protection against some of the leading causes of downtime, data loss and hardware damage: power problems and temperature. Source : APC Resources Related to Read More