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 financials implementation


Planning for a Financials Implementation: How To Avoid a Nosebleed
Because of the risks inherent in any financial implementation, it’s essential to get back to business basics. These implementations need to be understood and

financials implementation  planning stages of a financials implementation. If these premises are followed in a disciplined manner, the nosebleed of implementation can be avoided.

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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

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 » financials implementation

The Challenges of a Business Intelligence Implementation: A Case Study


The University of Illinois provides a good example of extensive integration of its business intelligence (BI) solution and data warehousing environment with its enterprise resource planning (ERP) solution.

financials implementation  create reports or analyze financials). The DS group created an internal marketing campaign to target users and appeal to their needs. The focus was on key players in various departments, and on users on a practical level. This included a focus on the fact that once users knew how to operate the system, their interest would shift to the required output—namely, reports, and analysis of the required information. This issue highlighted the debate between the build and they will come theory, versus Read More

Epicor Enterprise


Epicor Enterprise delivers financials, budgeting, distribution, manufacturing, sales and marketing, business intelligence, and customer service solutions into a common integrated suite of applications. The front office customer relationship management (CRM) application, combined with back office financial, distribution, and manufacturing applications, leverages integration technologies with extensible markup language (XML) to transform a line of business applications into an overall enterprise solution. Epicor Enterprise leverages the Internet through advanced architecture, easy-to-use portals, and e-business applications. It also supports various industry technologies, including Microsoft's Message Queue Server (MSMQ), Microsoft Transaction Server (MTS), .NET enterprise servers, and component object model (COM) architecture, along with XML documents to improve componentization and support reliable integration between applications on different servers at different sites. Epicor Enterprise uses Microsoft Visual Basic for Applications (VBA) technology.  

financials implementation  Enterprise Epicor Enterprise delivers financials, budgeting, distribution, manufacturing, sales and marketing, business intelligence, and customer service solutions into a common integrated suite of applications. The front office customer relationship management (CRM) application, combined with back office financial, distribution, and manufacturing applications, leverages integration technologies with extensible markup language (XML) to transform a line of business applications into an overall enterprise Read More

Fast-track ERP Implementation: Advice from the Field


The common perception is that top-tier enterprise software takes years to implement. This is true for more complex solutions. But other applications, when combined with effective project management by capable professionals, can be rolled out rapidly when it counts—like after a merger or acquisition. Get tips for a speedy enterprise resource planning (ERP) implementation, from a company that lived to tell the tale.

financials implementation  ran Zenith on IFS financials exclusively for six months and then completed the rest of the implementation. It took us a total six months of work to complete the implementation with about six full time equivalents. This was not a simple implementation either, because Zenith presented us with somewhere between 4,000 and 5,000 customers, 50,000 parts and 150,000 structure records. Nine weeks implementation A subsequent implementation at Portland Valve in 2005 saw implementation times reduced even further. Read More

Enterprise Systems and Post-implementation Agility-No Longer an Oxymoron?


The need to support flexibility prior to installation of enterprise systems has largely been mastered by many vendors. But what is really more important is ongoing agility after the installation. Agresso seems to have raised the bar in this regard.

financials implementation  the top eight European financials players (among the top twelve globally) according to Gartner . Agresso Business World (ABW) 5.5 With the latest release of ABW, Unit 4 Agresso directs itself at the international market for medium and large people-oriented companies and institutions. In this sector, project-based working, a great deal of human interaction, and constantly changing data flows are central. To that end, ABW 5.5 is a tightly integrated multicurrency, multilanguage, and multicompany suite of Read More

The Key to Successful ERP Implementation


A successful enterprise resource planning (ERP) solution can grow your business’ bottom line by increasing your company’s revenues and improving your company’s efficiencies. One of the most significant factors contributing to its success is the experience and support the vendor provides through its staff and implementation process. Read this white paper to learn how a thorough plan can guide you through the implementation process.

financials implementation  Key to Successful ERP Implementation A successful enterprise resource planning (ERP) solution can grow your business’ bottom line by increasing your company’s revenues and improving your company’s efficiencies. One of the most significant factors contributing to its success is the experience and support the vendor provides through its staff and implementation process. Read this white paper to learn how a thorough plan can guide you through the implementation process. Read More

5 Best Practices for Ensuring a Smooth Software Implementation


You’ve gone through months (possibly years of preparation) and now you’re down to the final stages of your software implementation project. No matter how successfully you have executed the project to date, it can all fall apart if your service provider (software vendor or value added reseller [VAR]) can’t do its job properly! As a stakeholder in charge of your company’s IT purchasing

financials implementation  Best Practices for Ensuring a Smooth Software Implementation You’ve gone through months (possibly years of preparation) and now you’re down to the final stages of your software implementation project. No matter how successfully you have executed the project to date, it can all fall apart if your service provider (software vendor or value added reseller [VAR]) can’t do its job properly! As a stakeholder in charge of your company’s IT purchasing decisions, you’ll want to be sure that the service Read More

Project Management Isn’t Enough for Your ERP Implementation


As we all know, many unique and time-sensitive activities occur in all areas of business, government, or even research. Those activities, regardless of their specific nature, can be managed using the project management approach with its associated tools and techniques. This approach is generally intended for assessing the progress of projects and using the necessary and relevant resources of an

financials implementation  Management Isn’t Enough for Your ERP Implementation As we all know, many unique and time-sensitive activities occur in all areas of business, government, or even research. Those activities, regardless of their specific nature, can be managed using the project management approach with its associated tools and techniques. This approach is generally intended for assessing the progress of projects and using the necessary and relevant resources of an organization to ensure project effectiveness and Read More

A Road Map to Electronic Medical Record System Implementation


It’s crucial to define the scope of an electronic medical system implementation, as well as to outline each stage of the project and the resources that will be needed. A failed implementation will paralyze the operational capabilities of a health care organization, but the right methodology will help ensure a successful implementation.

financials implementation  Road Map to Electronic Medical Record System Implementation Originally published - May 28, 2008 Today, health care organizations are looking to adopt time-saving technology. Electronic medical record (EMR) software uses online technology to deliver automated processes that can save health care organizations a lot of time and resources. Not only does an EMR solution reduce the amount of paper used by a health care facility (because it no longer needs to make as many copies of documents), it helps the Read More

Infor Unveils CloudSuite Financials, Raising the Bar


Infor announces Infor CloudSuite Financials, the next-gen financials and accounting software built for the cloud. Read P.J. Jakovljevic's write-up and find out how global enterprises can benefit from the software.

financials implementation  Infor announced Infor CloudSuite Financials , a brand new upcoming financial management suite (FMS) built for the cloud. Engineered in consultation with some of the world’s leading consulting and auditing firms, such as PwC , Infor CloudSuite Financials is designed to address the proactive needs of today’s chief financial officers (CFOs) and financial professionals, instead of relying on decades-old technology and processes whereby a general ledger (GL) is a mere data and transactions storage, with Read More

RFID Implementation: Moving Forward through the Four Phases


Implementation of a radio frequency identification system is best approached in four phases to ensure its success. Discussed here are the second and third phases, which deal with testing and validation, and the importance of setting up a pilot implementation.

financials implementation  Implementation: Moving Forward through the Four Phases In part three of this series, phase one of a radio frequency identification (RFID) implementation was outlined and discussed in detail (please see Radio Frequency Identification Implementation: The First Steps . For more background on RFID, please see previous parts of this series: Are You Tuned into Radio Frequency Identification? and A How-to Guide for a Radio Frequency Identification Site Survey . Phase Two: Test and Validation Since RFID is Read More

How Can Your Vendor Make Your Implementation Easier?


Enterprise resource planning (ERP) implementations are mainly business projects rather than IT projects, so a lion’s share of efforts and, consequently, costs of ERP adoptions belong to the business side—for example, business process changes and master data preparation. However, ERP systems can’t just be acquired and started to be used overnight, so a system’s deployment itself and its fine tuning

financials implementation  Can Your Vendor Make Your Implementation Easier? Enterprise resource planning (ERP) implementations are mainly business projects rather than IT projects, so a lion’s share of efforts and, consequently, costs of ERP adoptions belong to the business side—for example, business process changes and master data preparation. However, ERP systems can’t just be acquired and started to be used overnight, so a system’s deployment itself and its fine tuning to certain business processes and practices is Read More

Proven Implementation Methodology Is the Determining Factor


Successful implementation of an extended ERP system is the result of knowledgeable and dedicated people working together. It entails company-wide commitment, openness to change, good planning and experienced guidance. Three primary criteria determine the probability of recognizing significant return on investment (ROI) from an ERP system. Using these criteria as guidelines during the system selection process and subsequent implementation can ensure that the chosen system will support and enable the business improvements envisioned. That’s ROI.

financials implementation  Implementation Methodology Is the Determining Factor Successful implementation of an extended ERP system is the result of knowledgeable and dedicated people working together. It entails company-wide commitment, openness to change, good planning and experienced guidance. Three primary criteria determine the probability of recognizing significant return on investment (ROI) from an ERP system. Using these criteria as guidelines during the system selection process and subsequent implementation can Read More

Ensuring a Successful PLM Implementation


If you’ve ever been involved in an enterprise software implementation, you already know how challenging it can be to get it done on time and under budget. With literally thousands of technical details to keep track of, there are plenty of opportunities for things to go wrong. In the case of product lifecycle management (PLM) solutions, enterprise implementations can be even tougher. Find out how to get it done right.

financials implementation  a Successful PLM Implementation If you’ve ever been involved in an enterprise software implementation, you already know how challenging it can be to get it done on time and under budget. With literally thousands of technical details to keep track of, there are plenty of opportunities for things to go wrong. In the case of product lifecycle management (PLM) solutions, enterprise implementations can be even tougher. Find out how to get it done right. Read More

Enterprise Financials


Computron's Financial Management Solutions, part of Computron Enterprise Financials, helps the finance department create an information-driven environment in a central repository. This helps ensure data integrity and synchronization with third-party systems. This approach provides visibility into the business, strengthens management control, and helps ensure compliance with corporate and regulatory requirements. Computron's workflow technology is used to streamline the journal entry and approval process, offering increased visibility and management control over transactions prior to posting to the ledger. Integration with Microsoft Excel is combined with Computron's workflow technology. Computron offers integration tools for third-party applications such as front-office systems or specialist human resources (HR) and customer relationship management (CRM) software. This helps provide essential data consistency and accuracy, and establishes a central repository of financial and management data for reporting, ad hoc inquiries, and analysis. Computron Financial Management Solutions can be integrated with other Computron systems such as purchase-to-pay and fixed assets.  

financials implementation  Financials Computron's Financial Management Solutions, part of Computron Enterprise Financials, helps the finance department create an information-driven environment in a central repository. This helps ensure data integrity and synchronization with third-party systems. This approach provides visibility into the business, strengthens management control, and helps ensure compliance with corporate and regulatory requirements. Computron's workflow technology is used to streamline the journal entry Read More