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Software Functionality Revealed in Detail
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 finance department 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 » finance department 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.

finance department processes ma  Your Financial Processes , Finance Department Processes , Major Financial Processes , Financial Processes Deliver Transparency , Accelerates Financial Processes , Integrate Administrative and Financial Processes , Better Manage Financial Processes , Continuous Process Improvement , Process Improvement Qualifications , End-to-end Processes for Financial . Contents Preface Introduction About the survey What the executives are saying Impact on decision-making What to keep in mind Conclusion Preface Managing Read More

Measuring the Business Value of IT


Many organizations do a poor job of measuring the business value of their IT investments. Simple financial metrics are not good enough. But there are a number of consistent, repeatable, and credible measurement methodologies that hold both business users and IT departments accountable. Compare four methodologies, and learn how adding one of them to your overall governance framework can improve your IT investment returns.

finance department processes ma  be performed by the finance or auditing department. Joint business and IT accountability is required. There are no IT projects, only IT-enabled business change. The benefits of IT investments are typically enjoyed by some entity outside of IT and it is this entity that must also be held accountable for the results of the investment. It is even more effective if individual rewards/compensation are tied to performance changes from the investment. The PMO contains a value methodology center of excellence Read More

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.

finance department processes ma  the integration with the finance module, without having to put the customer on hold. Once an order has been specified, it can then be evaluated for a promised ship date through the integration with the production scheduling window. As the order is confirmed and accepted, workflow messages can also be used to communicate order information to other departments, and proactively move transactions from one department to another. Having the direct visibility to information that was once isolated to individual Read More

Zuora Launches Z-Finance for the Subscription Economy


Zuora announces the launch of Z-Finance for subscription businesses. Zuora’s solution is built on a unique framework to address the shortcomings of traditional accounting methods. The solution complements popular accounting and ERP solutions such as FinancialForce, NetSuite, Oracle, Sage, SAP, and Quickbooks. Z-Finance is built on a framework containing multidimensional ledgers and a data model

finance department processes ma  Launches Z-Finance for the Subscription Economy Zuora announces the launch of Z-Finance for subscription businesses . Zuora’s solution is built on a unique framework to address the shortcomings of traditional accounting methods. The solution complements popular accounting and ERP solutions such as FinancialForce, NetSuite, Oracle, Sage, SAP, and Quickbooks. Z-Finance is built on a framework containing multidimensional ledgers and a data model that inherently calculate subscription metrics like Read More

Why 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.

finance department processes ma  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

Delivering the Business Value of Automating Business Processes to Small and Medium Enterprise


Enterprises of all sizes today face common problems dealing with handling increasing business complexity while reducing costs. The solution continues to be the automation of business processes. SAP is an established leader in addressing the needs of large enterprises. Building on that performance and identified best practices, SAP built and launched SAP Business One. SAP Business One was designed to offer small and medium businesses the same business streamlining and efficiencies at a scale and scope appropriate to their needs. IDC recently interviewed a number of companies that have successfully deployed SAP Business One. The purpose of our interviews was to determine what impact the software had on their productivity and cost reduction.

finance department processes ma  the Business Value of Automating Business Processes to Small and Medium Enterprise Delivering the Business Value of Automating Business Processes to Small and Medium Enterprise If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. While small Indian enterprises cite automating business processes and enhancing effectiveness as top priorities, Brazilian SMEs rely on SAP software mainly for achieving operational excellence and Read More

Why 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

finance department processes ma   Read More

Finance Is Changing Fast, Can Your Apps Keep Up?


The finance field undergoes rapid changes—and financial organizations must be able to adapt to those changes at lightning speed in order to stay one step ahead of the competition. They must also be able to foresee customer needs and address them before them the competitors do, otherwise they risk losing their fickle clients.

Additionally, customers expect their financial institutions to be readily accessible at all times and for them to be able to conduct their financial transactions reliably 24/7. A lag in the performance of their mission-critical applications—such as investment and portfolio management, online banking, and claim processing software—can cost banks thousands of dollars every minute. Financial organizations must be able to prevent and attend to emerging issues early on before they progress and disrupt the entire business. IT teams must be able to meet these demands while facing challenges of increasing IT complexity, difficulty prioritizing, trouble pinpointing root causes, and understaffing.

Furthermore, stricter regulations regarding how financial institutions can store and transmit customer information and increased IT security threats from hackers worldwide have made it increasingly challenging and important to have continuous monitoring and effective management of mission-critical apps. The main problem of IT essentially has to do with lacking insight into the organization’s mission-critical apps. Read how financial institutions can use application performance management solutions to maximize performance, reduce bottlenecks, quickly troubleshoot problems, and proactively monitor applications.

finance department processes ma  Apps Keep Up? The finance field undergoes rapid changes—and financial organizations must be able to adapt to those changes at lightning speed in order to stay one step ahead of the competition. They must also be able to foresee customer needs and address them before them the competitors do, otherwise they risk losing their fickle clients. Additionally, customers expect their financial institutions to be readily accessible at all times and for them to be able to conduct their financial transactions Read More

Improved Software Quality with Agile Processes


Unlike traditional models that are linear and inflexible, modern software processes have evolved to be iterative and incremental. This whitepaper argues that because developers using the agile methodology are usually the first to test their own code, agile development results in higher quality software than what traditional software teams usually deliver. Find out more.

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10 Pains Wreaking Havoc on Your HR Department


The human resources (HR) department historically was siloed, functioning independently of other business units and acting as corporate watchdog. Today, companies recognize that human capital is their greatest asset, and HR connects people and cultivates the environment in which they thrive.

A range of applications have come onto the market in recent years designed to help HR professionals. They increase efficiency by cutting back on administrative tasks, in theory freeing up time for HR to focus on value-added functions. But HR professionals are still feeling business pains.

This white paper considers current HR challenges, among them employee recruitment, engagement, and retention. It also suggests how automation, integration, and visibility are vital to the effective functioning of the HR department.

finance department processes ma  Pains Wreaking Havoc on Your HR Department The human resources (HR) department historically was siloed, functioning independently of other business units and acting as corporate watchdog. Today, companies recognize that human capital is their greatest asset, and HR connects people and cultivates the environment in which they thrive. A range of applications have come onto the market in recent years designed to help HR professionals. They increase efficiency by cutting back on administrative tasks, in theo Read More

Delivering Efficiency: Business Processes, Automation, and Integration


Implementing IT solutions that fulfill all corporate requirements requires exhaustive research and analysis. But the reality is that most organizations have neither the time nor the resources to do all this. Indeed, such an approach is largely impractical, since by the time you’ve built your perfect solution, it may already be out of date. So what are your real options? Three words: Business. Process. Integration.

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Retalix Acquires a Provider of Store Systems for Top Tier Department Stores


Retalix' acquisition of Cornell Mayo Associates is symptomatic of the current trend of acquisition and consolidation in the retail marketplace (just look at RedPrairie’s four recent acquisitions in this area). This is a fast-changing marketplace, with retailers looking for broader solutions and less interested in multiple point solutions. Predicting how this merger will go is tricky, but in

finance department processes ma  Acquires a Provider of Store Systems for Top Tier Department Stores Retalix'' acquisition of Cornell Mayo Associates is symptomatic of the current trend of acquisition and consolidation in the retail marketplace (just look at RedPrairie’s four recent acquisitions in this area). This is a fast-changing marketplace, with retailers looking for broader solutions and less interested in multiple point solutions. Predicting how this merger will go is tricky, but in general I think it has to be a good Read More

Top Ten Reasons to Automate Your IT Processes


Today's IT infrastructure is more complex than ever. There are more applications, more servers both physical and virtual, larger global networks, and more data; all of which needs to be managed. Businesses can't afford to solve this problem by continually adding to headcount. They have to find a way to manage it all more efficiently. This white paper explains the top ten reasons why businesses are adopting IT process automation.

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Case Study: High-tech Manufacturer Gains Business Visibility, Streamlines Processes with Dealers


Roland, a worldwide provider of graphic design and digital music services and products, was relying on several systems for leads distribution. As a result, the process often took weeks or even months, and there was no feedback into what happened with leads once handed to a dealer. Learn about the solution that helped the company create a centralized repository of customer data and significantly reduce lead time.

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Business Strategy, Business Processes, and Business Systems


Business strategy, a road map telling us how the business plans to be successful, does not guarantee success. Strategy execution requires business processes that do what the strategy calls for--and do it well. In today's automated world, these business processes rely on business systems. Therefore, a direct link exists between the success of business strategy and business systems. Poor systems are a frequent reason for the failure of a business strategy.

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