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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 sap

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 sap

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.

finance department processes sap  some time for their finance department to overcome the effects of those resource constraints, the finance executive says, because Sarbanes-Oxley forced the finance team to lessen its role guiding operations management in strategic decisions and moved it into a more nuts-and-bolts control function, a move that he says has been a point of contention. Other finance executives working for U.S. public compa- nies also say the Sarbanes-Oxley compliance require- ments have reduced their abilities but not Read More

Best-of-breed Approach to Finance and Accounting


CODA's savvy accounting and financial offerings include budgeting, forecasting, scorecards, and tools that use Microsoft Excel spreadsheets collaboratively and securely. However, CODA must defend its narrow specialist and best-of-breed approach against larger-scale integrated enterprise system offerings.

finance department processes sap  day can cost a finance department many days of labor. Period-end closing is a collaborative process of questions and answers, of confirming detailed information, and of individuals collaborating to arrive at the answer and generate a picture of numbers about the organization''s current financial situation. Every organization in the world has to address this, and they all have different processes; often, financial processes across corporations vary due to merger and acquisition activity, which has absorbed Read More

The State of the Art in Finance


Thanks to recent accounting scandals and an increasingly competitive environment, many chief financial officers and the finance organizations they lead have started to take on new roles within the enterprise. However, given the current state of the finance function in US companies, companies first need to understand the challenges to finance—and the road map to increasing its strategic capabilities.

finance department processes sap  to the CFO, the finance function could achieve all other strategic objectives. In Phase One, the company standardized and established new processes to reconcile bank accounts daily, concentrate cash, determine a final number to borrow or invest each day, improve control, enhance accuracy, and pare down the number of full-time equivalents (FTEs) involved in the function. In another development, global vendor payments were integrated with the bank payment systems, and customer receipts posted to the Read More

Transforming Performance Management in an SAP Environment: Considerations for Finance


Finance professionals who plan, budget, and forecast in an SAP environment always need to drive additional value from their SAP solutions. One of the most pressing challenges is extending SAP functionality with a planning, budgeting, and forecasting solution that offers critical modeling and analytic capabilities for improved financial performance management. Learn how a business intelligence (BI) solution can help.

finance department processes sap  forecasting solution that: gives finance professionals critical modeling and analytic capabilities; allows non-finance employees to contribute to plans and forecasts as needed; and, offers executives predictive capabilities for insight into likely future performance. The IBM Cognos 8 Planning SAP Certified Connector was developed to meet this growing need. You get fast, direct access to data housed in SAP BW, flexibility for importing SAP BW models into Framework Manager, ability for IT to control Read More

The Case for Integrated Processes


Most chief executive officers (CEOs) have developed strategies that push their companies to achieve certain goals. So why are so many companies failing to achieve these goals? Because their twenty-first century vision is being held back by twentieth century processes and IT systems. The missing ingredient: information. And the key to facilitating the flow of information lies in integrated processes.

finance department processes sap  acquisitions and has redeployed finance and HR personnel to more value-added work, while making improvements in payroll processing and reducing hardware and operating system platform costs. A global manufacturing company achieved significant time savings in transaction-based processes by an average of between 45 and 65% (or between 4.50 and 9.00 per transaction). With an expected annual volume of approximately 30,000 transactions per integrated process, the company believes its investment in integrated Read More

SAP ERP


Through the SAP ERP platform, people in businesses around the globe are improving relationships with customers and partners, streamlining operations, and achieving significant efficiencies throughout their supply chains. Today, more than 17,000 companies in over 120 countries run more than 44,500 installations of SAP software.

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SAP Industry Solutions for Mid-market Companies


For over a decade, SAP has offered industry-specific applications, starting with oil and gas and utilities solutions. Media, insurance, chemicals, banking, and public sector offerings have followed, highlighting SAP's lesser-known side as a market-oriented provider of industry-tailored solutions.

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SAP Business Suite, Powered by SAP HANA: Delivering Real-time Business Value


Becoming a real-time business requires managing daily business transactions of your core business processes in real time, and capturing data from new sources like social media or mobile apps. And you need to be able to analyze all this data. Ultimately, it requires people to be able to access real-time information on any device for immediate action. Read this white paper to learn about an in-memory platform and how it can you help create new business value.

finance department processes sap  SAP HANA,in-memory platform,real-time business,SAP Business Suite Read More

Financial Fusion ~ E-Finance Wireless Leader?


Financial Fusion’s expands e-finance possibilities. From this point forward a client can bank anytime, anywhere, without limitation. (Of course your cell phone will not suddenly start spurting out cash….)

finance department processes sap  Fusion ~ E-Finance Wireless Leader? Event Summary WESTPORT, Conn., /PRNewswire/ -- Confirming its commitment to lead the e-finance marketplace into the rapidly emerging wireless marketplace, Financial Fusion, Inc. announced the formation of its new Web and Wireless Division along with the launch of its patent-pending Total Wireless product family - available for immediate implementation. Financial Fusion''s focus on wireless technology will allow financial institutions to provide consumers and Read More

SAP Brings HANA to the SME Market


Yesterday SAP announced its strategy to provide small and medium enterprises (SMEs) with the services of the SAP HANA platform via SAP HANA analytics for SAP Business One and the SAP HANA Edge Edition. HANA, SAP's in-memory database and analytic platform, will provide Business One users with in-memory analytics specifically designed for small and medium businesses. In this regard

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SAP to Become Leaner, Meaner and More Organized


SAP is reportedly planning a radical revamp of its software development operations in an effort to regain dominance of the North American business software market.

finance department processes sap  to Become Leaner, Meaner and More Organized SAP to Become Leaner, Meaner and More Organized P.J. Jakovljevic - July 10, 2000 Event Summary As reported in a number of industry reports at the beginning of June, German ERP software vendor SAP AG is to reorganizing its software division into three separate units. It is planning a radical revamp of its software development operations in an effort to regain dominance of the North American business software market. This will make our research and development Read More

SAP SCM-Stepping Out of Obscurity


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SAP for Chemicals Functionality


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SAP - A Humble Giant From The Reality Land? Part 2: Expanding Functionality


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SAP - A Leader Under Reconstruction


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