X
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 solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 grc consolidated and efficient finance processes

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. 

Evaluate Now

Documents related to » grc consolidated and efficient finance processes

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.

grc consolidated and efficient finance processes  Major Financial Processes | GRC Consolidated and Efficient Finance Processes | GRC Webcast Financial Process Automation | GRC Optimising Your Financial Processes | GRC Future of Financial Processes | GRC Pay and Financial Management Solutions | GRC Connection Financial Processes | GRC Ease Financial Processes | GRC Discover Easy-to-Use Solutions | GRC Financial Processes to Extend | GRC Efficient Finance Processes | GRC Financial Processes Applications | GRC Standardizes and Integrates Financial Read More

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.

grc consolidated and efficient finance processes  net profits. From a GRC perspective, compa- nies can significantly lower their external audit fees and increase their internal audit efficiency, which can save them hundreds of thousands of dollars per year. Most also realize significant additional savings adding up to $1 million or more annually, thanks to improved compliance and operational processes. SAP is the world''s leading provider of business software. For more than 35 years, we have provided companies with robust financial management solutions Read More

Madness? Mergers, Acquisitions, and Divestitures


One of the riskiest moves company stakeholders can make is to acquire and merge with another company or to divest themselves of company assets. Despite the best of intentions, many mergers, acquisitions, and divestitures produce results far below expectations. Learn why failure happens, and how to prevent it by following the overriding best practice in successful acquisitions, mergers, and divestitures: preparedness.

grc consolidated and efficient finance processes  governance, risk, and compliance (GRC) . In this regard, by evaluating the overall software architecture and implementation of end-to-end business processes, your IT team can ascertain potential security vulnerabilities that should be addressed during postmerger integration to mitigate risk to the acquiring company. In some cases, this may include the implementation of an identity management solution. Gain the Insight You Need The premerger assessment phase supplies the insight you need into the Read More

Building a Best-run Finance Organization: A New Role to Address Today’s Business Realities


One company executive has a growing influence in today’s boardroom—the chief financial officer (CFO). And the role of the finance organizations that these CFOs lead is expanding as well. Examine the changing role of the finance organization in today’s business environment, learn how your CFO can take on a more prominent role in defining company strategy, and find out how you can develop a best-run finance organization.

grc consolidated and efficient finance processes  GRUMA selected the SAP® GRC Access Control application and established a compliance program with minimal investment that enables exceptional change and access control. Results with SAP® Software Internal IT audit revision time completed 90% faster E xternal IT audit revision time completed 50% faster Greater ability to track compliance with auditors’ recommendations and measure improvements Faster, risk-free user setup I mproved risk assessment Connected Integrating Finance to Ensure Effectiveness Read More

Ultimus Case Study: Optimized Customer Fulfillment with Automated Processes


Bernstein AG, established in 1947 and headquartered in Porta Westfalica (Germany), builds and sells components and systems for industrial automation peripherals. In 2002, it began the task of selecting and implementing a flexible, web-based business process management (BPM) system. One of the most important technical requirements was the universal integration of the BPM suite into its existing IT infrastructure.

grc consolidated and efficient finance processes   Read More

Software Selection Processes-Accelerating Vendor Identification


Software selection is complex and time-consuming. Taking shortcuts or skipping steps in the process increases the risk of making the wrong choice. But attending a virtual trade show can accelerate the selection process, increase vendor interaction, and reduce this risk.

grc consolidated and efficient finance processes  software selection,selection process,vendor identification,vendor engagement,software directories,knowledge base,RFP,request for proposal,virtual trade show,project planning,needs assessment Read More

BPM Weaves Data And Processes Together For Real-time Revenues


Linking data to process is the realm of business process management (BPM). BPM's focus on process dramatically reduces the amount of data that needs to be moved, and thereby reduces both the initial cost and ongoing maintenance cost of application integration.

grc consolidated and efficient finance processes   Read More

Supplier Portals: Insight into an Efficient Supply Chain


Manufacturers previously tracked suppliers and their deliveries of goods in a predictable method that often resulted in errors. For small to midsized suppliers eager to adopt more efficient communications with customers but lacking access to an EDI-compliant system, supplier portals are an alternative cost-saving solution. See how supplier portals add increased efficiency, quality, and transparency to the supply chain.

grc consolidated and efficient finance processes  Plex Systems,Plex Online,supply chain management,supply portal,erp,supply chain management articles,supply chain management software,supply chain management certification,supply chain,supply chain management review,what is supply chain management,global supply chain management,supply chain management definition,supply chain management companies,supply chain management magazine Read More

Rising to the Challenge: Productivity in Accounting and Finance Organizations


During these challenging times companies need to do more with less. This need extends throughout the organization-and companies' accounting and finance organizations are rising to the challenge. Know the most critical challenges faced by the CFO organization of companies in improving staff productivity and effectiveness of their operations according to research conducted by the Institute of Management Accountants (IMA).

grc consolidated and efficient finance processes  accounting,financial,accounting and financial,accounting challenges,financial challenges,accounting principles,CFO organization,CFO,CFO organization challenges,performance scorecards,top accounting software,account software,corporate accounting software,accounting software programs,project accounting software Read More

Reinventing Business Processes through Strategic Implementation


Strategic implementation can have a huge impact on success in the online environment. It can mean the difference between a successful or unsuccessful launch, and can greatly affect end results in terms of usability, functionality, and impact on the bottom line. Learn more about a Web site implementation strategy that can transform business processes, maximize return on investment (ROI), and improve efficiency.

grc consolidated and efficient finance processes  business strategic planning,corporate strategic planning,strategic alternative implementation,strategic business process,strategic design and implementation,strategic implementation Read More

CRM for the Finance and Banking Industry - Part 1


How many different systems does a bank employee use when changing a customer’s contact information? The last time I moved and had to change my address, the bank employee used two systems, asked three or four of her co-workers for help, and took about 15 minutes to do it because the information from one system did not transfer right away to the other system. It goes without saying that this was not

grc consolidated and efficient finance processes   Read More

Modern ERP Processes Behind Historic Scotch Whisky


The whisky industry is an example of a process industry where it is impossible to accurately predict demand for the final product. Goods stocked must also be meticulously accounted for, in both intermediate (partially finished) and bulk forms.

grc consolidated and efficient finance processes  ERP,enterprise resource planning,whisky industry,process industry,demand forecasting,Strategic Systems International,SSI,SSI TROPOS,TROPOS Whisky Workbench,TROPOS Customs and Excise Read More

Aligning a Manufacturing Vision with Processes through Mixed-mode ERP


Manufacturing organizations are under pressure to anticipate customer requirements and to quickly respond to an increasing array of changing market demands. Such organizations are meeting these challenges by implementing a variety of production strategies across multiple product lines. In doing so, they aim to maintain market share through growth and acquisition of companies that will complement

grc consolidated and efficient finance processes   Read More

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.

grc consolidated and efficient finance processes   Read More