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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 ma

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 ma

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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Do More with Less: The Five Strategies Used by Successful SMB Manufacturers


A common issue for small to medium business (SMB) manufacturers is how to increase revenue and grow their businesses without significantly adding staff. Unfortunately, these companies often emerge from the startup phase saddled with inefficient, manual processes that require extra people to maintain them. Learn how to position your company for more predictable business growth, without a reliance on adding more people.

efficient finance processes ma  of information for the efficient flow and management of work between internal and external functional areas of the company. Within each aspect of the strategy, it becomes a matter of bringing simplicity to what typically becomes complex as a company grows. Complexity can present itself when there is a lack of focus and discipline to stay within the boundaries of a defined strategy. That is not to say that strategies shouldn''t be adjusted. It is important to make adjustments, but only those that enhance Read More

Global High-tech Manufacturer Aligns Workforce Processes Using SumTotal


As a global company, GKN faced a spread-out workforce and disconnected processes, with separate and inefficient workforce performance, goals management, and learning and development processes. GKN needed to streamline and connect all of its strategic HR processes by deploying an integrated people management solution. Read the case study and see the results GKN achieved with SumTotal’s integrated talent management platform.

efficient finance processes ma  processes, with separate and inefficient workforce performance, goals management, and learning and development processes. GKN needed to streamline and connect all of its strategic HR processes by deploying an integrated people management solution. Read the case study and see the results GKN achieved with SumTotal’s integrated talent management platform. Read More

Inside Business Finance


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Strategic Profitability Management: An Opportunity for Finance Departments


Finance departments are uniquely qualified to lead the effort to optimize profitability because of their neutrality, numbers orientation, and analytical abilities. However, as finance departments move to implement profitability management they need to recognize the challenges they may face. This white paper discusses how to manage profitability more effectively.

efficient finance processes ma  Profitability Management: An Opportunity for Finance Departments Finance departments are uniquely qualified to lead the effort to optimize profitability because of their neutrality, numbers orientation, and analytical abilities. However, as finance departments move to implement profitability management they need to recognize the challenges they may face. This white paper discusses how to manage profitability more effectively. Read More

Ultimus Case Study: Optimized Customer Fulfillment with Automated Processes


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Improving Profitability and Processes in Returns Management


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efficient finance processes ma  The solution provides an efficient and transparent process, which allowed the business to be realigned for significant savings and improved customer satisfaction. The savings include reducing in-transit inventory by $1.76 million (USD) per month and reducing spare parts stocking levels from $7.5million to $1.9 million (USD). Read More

Overall Equipment Effectiveness: Monitor and Improve the Effectiveness of Your Manufacturing Processes


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Zuora Launches Z-Finance for the Subscription Economy


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Financial Fusion ~ E-Finance Wireless Leader?


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Streamlining Your Business with ERP: How ERP Software Delivers Efficient and Effective Operations


As the solution of choice for many companies, enterprise resource planning (ERP) systems have helped many manufacturers operate more efficiently and effectively. By streamlining business operations, ERP systems can solve many of the problems faced by today’s manufacturing companies—and help them become leaner and more competitive. Find out how an ERP solution can work for your company.

efficient finance processes ma  How ERP Software Delivers Efficient and Effective Operations As the solution of choice for many companies, enterprise resource planning (ERP) systems have helped many manufacturers operate more efficiently and effectively. By streamlining business operations, ERP systems can solve many of the problems faced by today’s manufacturing companies—and help them become leaner and more competitive. Find out how an ERP solution can work for your company. Read More

Signature-Dependent Processes & the Use of Digital Signatures in the Legal Market


In May 2014, CoSign by ARX teamed up with ALM to conduct a survey targeted at corporate legal departments, law, firms, and government agencies to understand how signature-dependent processes and digital signatures play a role in their day-to-day operations. The results of the survey are given in this white paper, and give an insight into the usage, efficiency, and benefits of switching to a digital signature solution, as well as concerns about digital signatures.

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The Practical Realities of Automating ETO Business Processes


Today, engineer-to-order (ETO) manufacturers—also known as project-based manufacturers—experience significant market pressure across their sales, engineering and manufacturing groups as they strive to win business and streamline end-to-end processes. But by capturing engineering knowledge and using it to automate key business processes, manufacturers can increase sales bid and win rates, decrease internal operating expenses, and shorten lead times.

efficient finance processes ma  can now respond more efficiently and quickly to the unique needs of our customers and prospects. And we can deliver more timely and accurate quote responses, as well as better products with improved customization capabilities. Jim Brown, Project Manager Fresno Valves & Castings Step 3 - Select Commercial Off-the-Shelf Software Many ETO manufacturers have already developed portions of an end-to-end automation solution. Common non-commercial technologies used include spreadsheets,VB, SQL or Java Read More

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efficient finance processes ma  which are performing less efficiently than processes a leading outside provider could deliver, are typically the best candidates for business process outsourcing. This corresponds to the low performance-low strategic importance quadrant of the graph above. Payroll and accounts payable are prime examples of processes that fall into this category for many companies. The customer typically does not see or interact heavily with these processes. On the other hand, outside providers have the scale and expertise Read More

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