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 financial reporting purposes


Financial Reporting-Who Needs It?
Solid financial reporting applications are as different from run-of-the-mill reporting tools as financial accountancy is from bookkeeping. Organizations

financial reporting purposes  Reporting-Who Needs It? Solid financial reporting applications are as different from run-of-the-mill reporting tools as financial accountancy is from bookkeeping. Organizations routinely use common reporting tools to help with the technical processing of data (e.g., profit and loss reports, balance sheets, etc.) for the purpose of management accounting . And management can usually obtain whatever information they need for their internal decision making. But financial reporting tools can go beyond the

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Browse RFP templates

Visit the TEC store for RFP templates that can save you weeks and months of requirements gathering, and help ensure the succes of your software selection project.

Browse Now
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

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CRM for Financial and Insurance Markets

Customer relationship management (CRM) focuses on the retention of customers by collecting data from all customer interactions with a company from all access points (by phone, mail, or Web, or in the field). The company can then use this data for specific business purposes by taking a customer-centric rather than a product-centric approach. CRM applications are front-end tools designed to facilitate the capture, consolidation, analysis, and enterprise-wide dissemination of data from existing and potential customers. This process occurs throughout the marketing, sales, and service stages, with the objective of better understanding one’s customers and anticipating their interest in an enterprise’s products or services.  

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Documents related to » financial reporting purposes

Best Practices in Creating a Strategic Finance Function


Many chief financial officers (CFOs) have started to take on new strategic roles. Their goals are to enforce stricter controls to ensure legal and regulatory compliance, offer strategic insights into the internal and external business environment, and connect the business strategy with daily operations through performance tracking. Learn more about the changing role of the CFO in today’s finance organization.

financial reporting purposes  the following key processes: Financial strategy and planning Internal controls Treasury Revenue accounting (order to cash) General accounting Fixed assets and project accounting Accounts payable and expense reporting Tax Payroll   IS COST ALL THAT MATTERS? Despite more than 10 years of lip service paid to the idea of a strategic finance function ' and the increasing strategic demands on finance ' most companies admit that, while they do want to focus more on decision support and management, they are in 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.

financial reporting purposes  the following key processes: Financial strategy and planning Internal controls Treasury Revenue accounting (order to cash) General accounting Fixed assets and project accounting Accounts payable and expense reporting Tax Payroll This SAP Insight will discuss recent trends and best practices, as well as provide examples for those companies with best-practice processes, models, and technologies. Providing a Complete Picture Figure 1: 1As of August 2005 2All monetary amounts cited herein are in U.S. Read More

Streamlining Your Conversion to IFRS: Challenges, Choices, and Transformative Technologies


Transitioning to international financial reporting standards (IFRS) is more than just a mandate—it’s an opportunity for companies to improve their financial consolidation and reporting systems, and enable rapid legal compliance. But making the switch requires careful planning, thoughtful execution, and support from personnel throughout the enterprise. Find out how your company can manage the change.

financial reporting purposes  SAP AG (Wikipedia) International Financial Reporting Standards (IFRS) (Wikipedia) Generally Accepted Accounting Principles (GAAP) (Wikipedia) Streamlining Your Conversion to IFRS: Challenges, Choices, and Transformative Technologies International Financial Reporting Standards is also known as : IFRS , International Accounting Standards Board , Iasb , IAS , International Accounting Standards Committee , Iasc , IFRS Transition , Use IFRS Adoption , Financial Consolidation , Streamlining Your Conversion to Read More

Reporting Tools


Analysis and reporting services are an important part of the enterprise resource planning process. Microsoft Dynamics NAV has been designed to give users options for optimal analysis and reporting, and to leave room for partners to provide customized solutions. With the correct reporting tools and Microsoft Dynamics NAV, practical analysis and reporting is available and adaptable to individual users’ needs.

financial reporting purposes  Dynamics NAV, open the Financial Management menu and then click Receivables - Reports- Customer - Order Details. On the Options tab, select the Print to Excel option, indicating that this data will be used for further analysis. The information is then sent to a Microsoft Excel document for future use. Excel can also be used in conjunction with Microsoft Dynamics NAV and Business Analytics. Once data has been created and configured in a Business Analytics cube, you can create pivot tables so the data can Read More

Financial Packages Software Evaluation Report


This financial software Software Evaluation Report anticipates as many factors as possible to establish your selection criteria for general ledger, accounts payable and receivable, reporting, and other bookkeeping requirements. This Software Evaluation Report in particular, offers a view on enterprise financial packages, which can complement an existing ERP system.

financial reporting purposes  Software Evaluation Report TEC's Financial Packages Software Evaluation Report allows you to compare and analyze the features, functions, and services of multiple enterprise software solutions. Vendor responses are comprehensively rated on their level of support of for each criterion (supported, not supported, customization, future releases, etc.) to ensure you make and accurate and informed decision. This Software Evaluation Report provides extensive information about vendor or provider capabilities. Read More

Pivotal CRM : CRM for Financial and Insurance Markets Competitor Analysis Report


This CRM knowledge base supports specialized criteria for groups engaged in the financial and insurance markets. In addition to many of the regular CRM features, the knowledge base has a range of criteria for policy tracking, agency management, investment tracking, and other areas of concern to professional service automation (PSA) groups.

financial reporting purposes  CRM : CRM for Financial and Insurance Markets Competitor Analysis Report This CRM knowledge base supports specialized criteria for groups engaged in the financial and insurance markets. In addition to many of the regular CRM features, the knowledge base has a range of criteria for policy tracking, agency management, investment tracking, and other areas of concern to professional service automation (PSA) groups. Read More

Reporting Tools versus Business Intelligence


Reporting has been significant to businesses by providing a platform for users to get immediate access to business information via using simple analysis. However, business intelligence (BI) caters to strategic, tactical, and operational needs, providing a platform for comprehensive performance management. Compare standard reports and BI in terms of functionality, capability, architecture, process, and management benefits.

financial reporting purposes  Tools versus Business Intelligence Reporting has been significant to businesses by providing a platform for users to get immediate access to business information via using simple analysis. However, business intelligence (BI) caters to strategic, tactical, and operational needs, providing a platform for comprehensive performance management. Compare standard reports and BI in terms of functionality, capability, architecture, process, and management benefits. Read More

Spotfire Financial Analytics


Spotfire provides visual analytics software for the financial industry. Spotfire Financial Analytics gives users the ability to visually interact with their data, asking questions to reveal hidden patterns and biases. Users can easily change views, filters, and queries. Users can share sessions with colleagues or export them to applications like Word, Excel, PowerPoint, and Adobe Acrobat.  

financial reporting purposes  Financial Analytics Spotfire provides visual analytics software for the financial industry. Spotfire Financial Analytics gives users the ability to visually interact with their data, asking questions to reveal hidden patterns and biases. Users can easily change views, filters, and queries. Users can share sessions with colleagues or export them to applications like Word, Excel, PowerPoint, and Adobe Acrobat. Read More

Oracle Financial Analyzer to Hyperion Planning Migration


This paper focuses on identifying the similarities and differences between Oracle Financial Analyzer (OFA) and Hyperion Planning (HP). For users who are migrating, or thinking of migrating, to Hyperion Planning, strategies will be discussed to ensure their existing functionality can be replicated in HP. The paper is aimed at users who are familiar with OFA or similar multidimensional database applications.

financial reporting purposes  Financial Analyzer to Hyperion Planning Migration This paper focuses on identifying the similarities and differences between Oracle Financial Analyzer (OFA) and Hyperion Planning (HP). For users who are migrating, or thinking of migrating, to Hyperion Planning, strategies will be discussed to ensure their existing functionality can be replicated in HP. The paper is aimed at users who are familiar with OFA or similar multidimensional database applications. Read More

Oracle Financial Analytics


Oracle Financial Analytics helps front-line managers improve financial performance with complete, up-to-the-minute information on their departments' expenses and revenue contributions.  

financial reporting purposes  Financial Analytics Oracle Financial Analytics helps front-line managers improve financial performance with complete, up-to-the-minute information on their departments' expenses and revenue contributions. Read More

Financial ISV Partnership


Increasingly complex financial instruments, a global customer base, and a more stringent regulatory environment are making financial services companies more dependent on cutting-edge software products to maintain their lead in the markets. This white paper discusses the ways for financial services companies to create a strategic partnership with a specialist service provider to provide a more complete product.

financial reporting purposes  ISV Partnership Increasingly complex financial instruments, a global customer base, and a more stringent regulatory environment are making financial services companies more dependent on cutting-edge software products to maintain their lead in the markets. This white paper discusses the ways for financial services companies to create a strategic partnership with a specialist service provider to provide a more complete product. Read More

What Is Reporting? The Answer Might Surprise You


For medium-sized companies and large enterprises, reports typically are generated through reporting software. At its core, a report is simply a representation of that data. What reporting software boils down to is an application that pulls data from a repository and displays it in some meaningful way. Companies can now present their data—more kinds of data—with greater ease. Download this white paper to learn more.

financial reporting purposes  Is Reporting? The Answer Might Surprise You For medium-sized companies and large enterprises, reports typically are generated through reporting software. At its core, a report is simply a representation of that data. What reporting software boils down to is an application that pulls data from a repository and displays it in some meaningful way. Companies can now present their data—more kinds of data—with greater ease. Download this white paper to learn more. Read More

InsideOut Makes Firewall Reporting Useful


Firewall logs can be cryptic and very difficult to analyze. There are a number of firewall reporting products on the market that attempt to address this problem, however one particular product recently caught our attention.

financial reporting purposes  Makes Firewall Reporting Useful Introduction    If you've read Laura Taylor's Read Your Firewall Logs! then you understand just how important it is to review your firewall's logs on a daily basis. Unfortunately, firewall logs can be cryptic and very difficult to analyze. There are a number of firewall reporting products on the market that attempt to address this problem, however one particular product recently caught our attention. Unlike many of the other firewall reporting products on the Read More

GreenSky: A Solution for Aviation Emissions Reporting and Compliance to EU-ETS


‘GreenSky’ is an end-to-end Carbon Emissions Reporting and Compliance solution for Aviation that covers all aspects of the European Union’s mandate on the Emissions Trading System (EU ETS). With an integrated approach of automated monitoring, reporting, and pre-verification, the solution is a comprehensive framework that offers a rapid deployment methodology for airlines to achieve the most effective means of compliance.

financial reporting purposes  A Solution for Aviation Emissions Reporting and Compliance to EU-ETS ‘GreenSky’ is an end-to-end Carbon Emissions Reporting and Compliance solution for Aviation that covers all aspects of the European Union’s mandate on the Emissions Trading System (EU ETS). With an integrated approach of automated monitoring, reporting, and pre-verification, the solution is a comprehensive framework that offers a rapid deployment methodology for airlines to achieve the most effective means of compliance. Read More