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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 grc

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 grc

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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Managing Performance, Risk, and Compliance for Better Business Results


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efficient finance processes grc  the most effective and efficient ones. Test controls for key risks using a combination of monitoring for automated controls, testing for manual controls, and self-assessments. Schedule tests in alignment with the compliance calendar, report the results, and flag issues for remediation. Monitoring and remediating compliance issues in real time. Continuously monitor compliance as an inherent part of key business processes. Remediate identified issues and certify your results through formal audits and Read More

The Renewed Finance Function: Extending Performance Management Beyond Finance


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efficient finance processes grc  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

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efficient finance processes grc  metrics, and people Enable efficient planning, budgeting and forecasting, and management of the triple bottom line Achieve greater confidence in management and compliance reporting through fast, accurate close processes and self-service reporting Provide frontline business users with trusted information delivered through native integration with familiar Microsoft Office productivity tools in concert with an intuitive Web 2.0 interface With the solutions, you are better able to meet the unique Read More

Human Capital Management: How Top Organizations Drive Company Profits Efficiently


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efficient finance processes grc  (the most effective or efficient top performers ), average, and fourth quartile (the least effective or efficient bottom performers ). Analysis of both qualitative and quantitative measures allows inference of key findings and insights related to the drivers of top performance. Continuous participation in the program will allow companies to track their progress against internal and industry metrics on an ongoing basis. BALANCING EFFICIENCY AND EFFECTIVENESS A still common perception is that managing Read More

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Making Large UPS Systems More Efficient


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efficient finance processes grc  Efficient Governance, Risk, and Compliance (GRC) through Process and Automation Newly available software platforms known as governance, risk, and compliance (GRC) technologies can help your business stay on top of the myriad procedures, tasks, and behaviors that bear upon compliance. This paper discusses the drivers behind the growing awareness of GRC information technology, introduces the elements of an effective automated GRC system, and suggests a low-risk, high-impact approach to launching Read More

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