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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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 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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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


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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

How to Optimize Business Processes and Profitability by Effectively Managing Content


Vendors of electronic report distribution and content management solutions typically emphasize the paper and related printing cost savings their products provide. But in fact, the real value of these technologies far exceeds these savings. Maximum benefits from electronic document and report management technologies derive not only from cutting obvious costs, but also from enabling dramatic improvements in business processes.

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Finance and Accounting Solutions Buyer’s Guide for Small to Medium Enterprises


In plain, easy-to-follow language, finance accounting solutions buyer's guide for small to medium enterprises will bring you up to speed in the bas...

finance department processes ma  (SMB) interested in a finance and accounting enterprise resource planning (ERP) package. In plain, easy-to-follow language, Finance Accounting Solutions Buyer''s Guide for Small to Medium Enterprises will bring you up to speed in the basics of ERP for SMBs. You''ll learn why it''s a buyer''s market right now; the modules that make up an ERP solution; who the major ERP vendors are; the features and benefits of an ERP solution; and the different cost considerations. You''ll even get a buyer''s checklist—a list 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.

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

Ultimus Case Study: Optimized Customer Fulfillment with Automated Processes


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Sales and Operation Planning: Integrate with Finance and Improve Revenue


Sales and operations planning (S&OP) is the key integrated process that the supply chain organization (specifically the vice president of supply chain) can use to achieve visibility across the entire organization and the value chain. This white paper highlights the results of over 220 companies participating in a survey on S&OP initiatives, and compares the views of the supply chain and finance organizations.

finance department processes ma  Operation Planning: Integrate with Finance and Improve Revenue Sales and operations planning (S&OP) is the key integrated process that the supply chain organization (specifically the vice president of supply chain) can use to achieve visibility across the entire organization and the value chain. This white paper highlights the results of over 220 companies participating in a survey on S&OP initiatives, and compares the views of the supply chain and finance organizations. 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

Align Financial Processes and Systems for Better Business Value and Compliance


Financial business process professionals need to coordinate financial process life cycle activities in order to enhance the value of information within the business, and drive better execution of compliance measures. But too often, automation and integration gaps discourage their efforts. Download this report to learn how to integrate and automate these activities, and improve your ability to make strategic and tactical decisions.

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Adaptive 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.

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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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ITIL Service Support Processes in Record Time


To establish optimal service and support conditions, the case company, Naviair, chose to adapt and implement information technology infrastructure library (ITIL) service support processes. During the process, Implement Consulting Group assisted with facilitation, ITIL input, and lean competences and tools. The existing procedures and instructions were combined with ITIL’s different service support areas.

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