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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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 financial reporting standard


The Financial Close: Optimizing Performance and Driving Financial Excellence
“Financial close” is a company’s ability to complete accounting cycles and produce financial statements for internal management and external legal reporting@and

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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.

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

Financial Packages RFI/RFP Template

General Ledger, Accounts Payable, Fixed Assets, Cost Accounting, Cash Management, Budgeting, Accounts Receivable, Financial Reporting, Project Accounting, Product Technology 

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Financial Reporting, Planning, and Budgeting As Necessary Pieces of EPM Part Two: Challenges and User Recommendations


Although CPM (aka EPM) starts with strong financial management, it will eventually extend beyond financial planning to almost all areas of corporate activity. Therefore, organizations choosing BI suites should consider both their financial management tools and future integration with key business-area solutions (for example, PLM, CRM, and SCM).

financial reporting standard  User Recommendations Challenges Naturally, financial reporting and forecasting analytic solutions will have weaknesses. For one, they are still limited to only the data within general ledgers. Optimizing financial management processes is only a first step on the road to their better alignment with other organizational business processes. Hence, various enterprise business intelligence (BI) solutions enable organizations to track, understand, and manage enterprise-wide performance, and they leverage the Read More

Financial Packages RFI/RFP Template


General Ledger, Accounts Payable, Fixed Assets, Cost Accounting, Cash Management, Budgeting, Accounts Receivable, Financial Reporting, Project Accounting, Product Technology

financial reporting standard  Management Budgeting Accounts Receivable Financial Reporting Project Accounting Product Technology This functional and technical requirement set template covers industry-standard functional criteria of Financial Packages that can help you easily gather and prioritize your business needs in a simple and categorized excel document. More than a RFP template, it is a working document that serves as a knowledge base reference throughout the life-span of your Financial Packages software project. Use this Read More

BI Reporting: Does the Tool Really Matter?


Last month I listened to several discussions about the importance of choosing the right reporting tool when installing a business intelligence (BI) solution. Here are some questions that were raised: Is the reporting tool really relevant when deploying a complete BI solution? Which type of reporting tool should I choose when deploying a BI system? Choosing the right reporting tool may not be as

financial reporting standard  like the IFRS (International Financial Reporting Standards), or any other regulation. Report Classification Also, consider which types of reports need to be generated within your BI solution: -    Management Reports (Strategic) : used to visualize business performance, strategy, and marketing data -    Business Reports (Analytical): periodical reports used for sales, customers, delivery, etc. -    Operational Reports: used for reviewing stock, expense, and accounts payable data, etc. The types 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 standard  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

Employee Fraud within Financial Services


Financial service institutions spend thousands of dollars every year on securing their networks from external breaches, but often fail to think about possible internal threats. Employee fraud has become a growing problem in the financial sector—one that many institutions are not fully prepared to handle. Implementing automated detection technologies, however, can be their first line of defense to eradicating this problem.

financial reporting standard  Fraud within Financial Services Financial service institutions spend thousands of dollars every year on securing their networks from external breaches, but often fail to think about possible internal threats. Employee fraud has become a growing problem in the financial sector—one that many institutions are not fully prepared to handle. Implementing automated detection technologies, however, can be their first line of defense to eradicating this problem. Read More

Understanding the PCI Data Security Standard


The payment card industry data security standard (PCI DSS) defines a comprehensive set of requirements to enhance and enforce payment account data security in a proactive rather than passive way. These include security management, policies, procedures, network architectures, software design, and other protective measures. Get a better understanding of the PCC DSS and learn the costs and benefits of compliance.

financial reporting standard  International, JCB and Discover Financial Services. This group is properly known as the Payment Card Industry Security Standards Council, or PCI SSC. Its primary responsibility is the formulation and maintenance of a set of standards called the Payment Card Industry Data Security Standard (PCI DSS) . In addition to credit and debit cards, prepaid, e-purse, automated teller machine (ATM) and point-of-sale (POS) cards are all subject to these standards. In its own words, the PCI Security Standards Council Read More

People or Resources: The Financial Sector in a Crossroads


People management tools have become necessary, particularly in an environment such as the financial sector, where resources have become global and people require more complex management solutions.

financial reporting standard  or Resources: The Financial Sector in a Crossroads Introduction Ten years ago, in the mid-nineties, the financial sector faced four main challenges: market globalization, financial freedom, non-intermediation, and the importance of new technologies in business practices. Today, the first three challenges have been met, while the fourth is still being grappled with. The fourth challenge, technology, is the main obstacle facing every financial entity—from banks, savings banks, and rural banks, to Read More

Business Intelligence Best Practices: Simplify the Reporting Landscape


Best practices for reporting have often been overlooked. Most of the time we focus on eye candy—such as dashboards—and overlook report generation and report production, which are crucial concepts at the heart of business intelligence (BI). Learn more about the current reporting situation, and learn about ways to use reporting tools to improve the reporting processes in your company and make them more efficient.

financial reporting standard  Intelligence Best Practices: Simplify the Reporting Landscape Best practices for reporting have often been overlooked. Most of the time we focus on eye candy—such as dashboards—and overlook report generation and report production, which are crucial concepts at the heart of business intelligence (BI). Learn more about the current reporting situation, and learn about ways to use reporting tools to improve the reporting processes in your company and make them more efficient. Read More

Acumatica Financial Management Suite


The Acumatica Financial Suite includes a core set of applications that almost every organization uses, including general ledger, cash management, accounts receivable, accounts payable, tax management, and other functionality. Acumatica financials are designed for companies with complex requirements, but are easy to use in smaller organizations. The modules in the Financial Suite are integrated with each other and also with the other Acumatica suites.    

financial reporting standard  Financial Management Suite The Acumatica Financial Suite includes a core set of applications that almost every organization uses, including general ledger, cash management, accounts receivable, accounts payable, tax management, and other functionality. Acumatica financials are designed for companies with complex requirements, but are easy to use in smaller organizations. The modules in the Financial Suite are integrated with each other and also with the other Acumatica suites. Read More

Financial Mobility-Balancing Security and Success


No financial services company can afford to relax when it comes to IT security. Banks, investment firms, and insurance providers must follow government regulations, to ensure a secure environment for processing, storing, and transmitting credit card information. At the same time, most companies need mobile technology to compete. Know how to provide financial services mobility while ensuring that no breaches occur? Read more.

financial reporting standard  Security and Success No financial services company can afford to relax when it comes to IT security. Banks, investment firms, and insurance providers must follow government regulations, to ensure a secure environment for processing, storing, and transmitting credit card information. At the same time, most companies need mobile technology to compete. Know how to provide financial services mobility while ensuring that no breaches occur? Read more. Read More

Financial Forecasting and Planning Summit, London UK, June 2-3, 2011


Financial Forecasting and Planning Summit, London UK, June 2-3, 2011. If you're interested in learning about the latest innovations in financial pl...

financial reporting standard  UK, June 2-3, 2011 Financial Forecasting and Planning Summit, London UK, June 2-3, 2011 If you're interested in learning about the latest innovations in financial planning and business forecasting from some of world's leading experts, the Financial Forecasting and Planning Summit is for you! At this two-day summit of forward-thinking business and financial leaders, you'll learn how to: engage senior leadership around financial forecasts and reviews use the financial forecast as a vehicle to drive Read More

Secure File Transfer Tracking and Reporting


The Internet has made information transfer faster and easier. But alongside, hacking and data theft are increasing threats to organizations’ security. How can files be delivered safely within an organization or far beyond its walls? Secure file transfer reporting and tracking tools help keep sensitive data in the right hands—and help organizations comply with government regulations.

financial reporting standard  File Transfer Tracking and Reporting The Internet has made information transfer faster and easier. But alongside, hacking and data theft are increasing threats to organizations’ security. How can files be delivered safely within an organization or far beyond its walls? Secure file transfer reporting and tracking tools help keep sensitive data in the right hands—and help organizations comply with government regulations. Read More

Salesforce.com Offers Financial Industry Solutions


Salesforce.com announced Salesforce1 for Financial Services, with the idea to better help retail banks, wealth management companies, and insurance providers attract, connect with, and retain customers. The cloud platform leader expects significant demand for customer relationship management (CRM) solutions from private enterprises and governmental organizations.

financial reporting standard  com Offers Financial Industry Solutions Salesforce.com announced Salesforce1 for Financial Services , with the idea to better help retail banks, wealth management companies, and insurance providers attract, connect with, and retain customers. The cloud platform leader expects significant demand for customer relationship management (CRM) solutions from private enterprises and governmental organizations operating in the following six global industries: financial services/insurance, healthcare/life Read More

Financial Forecasting & Planning Summit - September 9/10, Boston MA


Financial Forecasting & Planning Summit – September 9/10, Boston MA. Don't miss out on revolutionary trends shaping your industry at the Financial ...

financial reporting standard  your industry at the Financial Forecasting & Planning Summit . At this exciting, one-of-a-kind summit, you'll learn how to positively engage senior leadership around financial forecasts and reviews, use the financial forecast as the vehicle to drive accountability for results, optimize the role of Financial Forecasting & Planning in your company, and develop an approach to a single repeatable financial planning cycle. Be in excellent company at the summit with the following confirmed speakers: Chief Read More