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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 or...
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Documents related to » it 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

it consolidated and efficient finance processes  Major Financial Processes | IT Consolidated and Efficient Finance Processes | IT Webcast Financial Process Automation | IT Optimising Your Financial Processes | IT Future of Financial Processes | IT Pay and Financial Management Solutions | IT Connection Financial Processes | IT Ease Financial Processes | IT Discover Easy-to-Use Solutions | IT Financial Processes to Extend | IT Efficient Finance Processes | IT Financial Processes Applications | IT Standardizes and Integrates Financial Processes | IT Read More...
Smooth Transition: Preparing for IFRS
International Financial Reporting Standards (IFRS) are the reporting standards developed by the International Accounting Standards Board (IASB). IFRS is now

it consolidated and efficient finance processes  requirements under US GAAP. IT therefore focuses on testing (and then maintaining) tax data and internal control consistency in the new dual reporting environment. Systems and procedures maintained for compliance with SOX and other industry-based reporting requirements should also be leveraged for the new reporting regime. Figure 2. IFRS requirements are embedded in the supporting core financial systems (GL and subledgers) integrated with the ERP platform. The need to make adjusting entries to prepare Read More...
ITIL v3: Supporting the Evolution of IT Effectiveness for Improved IT Operations
IT is often characterized as distinct groups pursuing individual agendas and launching disconnected initiatives to increase operational efficiencies. To

it consolidated and efficient finance processes  management capabilities to enable IT and its associated investments to be truly managed as a business A consolidated service desk based on ITIL best practices to help you rationalize change, release and configuration processes, and meet the requirements of service level agreements (SLAs) Change and configuration capabilities to support application and business service stability, to help you maintain performance while you mitigate risk, manage compliance and reduce cost through automation of change A 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

it consolidated and efficient finance processes  Engineering group: Investments in IT solutions that automate and stan- dardize critical finance processes not only help decrease costs and cycle times but pay additional dividends in the form of strengthened compliance and improved financial returns. Moreover, these benefits are being realized up and down the financial value chain, beyond core accounting and reporting, to encompass broader finan- cial management processes such as payables process- ing and cash management. From closing the books to Read More...
Contemporary Business Intelligence and Its Main Components
Business intelligence (BI) represents the tools and systems that play a key role in the strategic planning process by allowing a company to manipulate corporate

it consolidated and efficient finance processes  it leaves data where it is, leveraging metadata repositories across multiple foundation enterprise systems, and visibly pulls information into new applications. As a result, customers may be content to trade in expensive DWs for a data extraction and presentation layer that sits on top of existing transactional systems—but only on the condition that they receive unimpaired performance. Analytics Online analytical processing (OLAP) is a category of software tools that provides analysis of data stored in Read More...
Take It or Leave It: Moving Your Business VoIP System
Telephony is mission critical. Whether you view this as a necessary burden or an opportunity to adopt leading-edge technology, you need to look beyond the

it consolidated and efficient finance processes  It or Leave It: Moving Your Business VoIP System Telephony is mission critical. Whether you view this as a necessary burden or an opportunity to adopt leading-edge technology, you need to look beyond the simple utility of your voice over IP (VoIP) system. This guide provides the perspective to ensure that your business gets full value from VoIP. Read More...
Proactive IT Triage for Sarbanes-Oxley Compliance
When it comes to Sarbanes-Oxley compliance, most IT organizations do not lack measurement data—in fact, they’re buried in it! What they need are effective ways

it consolidated and efficient finance processes  IT Triage for Sarbanes-Oxley Compliance When it comes to Sarbanes-Oxley compliance, most IT organizations do not lack measurement data—in fact, they’re buried in it! What they need are effective ways to put these measurements into the context of critical business services, establish baselines for every layer of every component, and proactively communicate which layer of which component is the root cause of any abnormality. Read More...
Why Are You Afraid of (Re) Defining Business Processes?
We all are—except consultants who praise the importance of business processes, but sometimes don’t practice what they preach. Business processes can be simply

it consolidated and efficient finance processes  always done rather than it being a way to work more efficiently. There are a few very good reasons that make people afraid of changing the way they do their business processes. Let’s take a look at some of them: Accountability : Well defined business processes allow managers to know who did what and when. Wisely used, this is a great way to improve everyone’s work. But, since we’re all human—and therefore far from being perfect—we often tend to abuse the power we’re given. This is what people Read More...
If It Ain’t Broke, Don’t Fix It!!!
“If it ain’t broke, don’t fix it.” If this proverb were applied in today’s operations, every organization would be in a reactive mode of maintenance and work

it consolidated and efficient finance processes  It Ain’t Broke, Don’t Fix It!!! “If it ain’t broke, don’t fix it.” If this proverb were applied in today’s operations, every organization would be in a reactive mode of maintenance and work against the lean manufacturing concepts. Any breakdown or downtime on the manufacturing floor, in the warehouse, in transportation, or any other business process will create missed customer commitments, failed deliveries, idle time, and lost labor hours. Instead of taking the risk and being in reactive Read More...
Empowering Modern Finance: The CFO as Technology Evangelist
Modern finance is service-oriented and committed to operational excellence. Modern finance leverages analytical expertise to provide management with data-driven

it consolidated and efficient finance processes  finance is service-oriented and committed to operational excellence. Modern finance leverages analytical expertise to provide management with data-driven insight and forward-looking guidance. This report explores how modern CFOs and finance executives are adopting emerging technologies within their finance functions to enable the development of new capabilities and to transform the role of finance. Read More...
Managing Your Business Processes to Create Competitive Advantage
Any company efficiency improvements are going to involve business process management (BPM). BPM ensures process consistency, optimizes business processes, and

it consolidated and efficient finance processes  cost and time, but it adds a price value and creates a price advantage which helps companies enhance their competitive edge. Read More...
Business Strategy, Business Processes, and Business Systems
Business strategy, a road map telling us how the business plans to be successful, does not guarantee success. Strategy execution requires business processes

it consolidated and efficient finance processes  strategy calls for—and do it well. In today''s automated world, these business processes rely on business systems. Therefore, a direct link exists between the success of business strategy and business systems. That is not to say great systems means a successful strategy, but poor systems are a frequent reason for the failure of a business strategy. Business strategy is decided at the upper most point in the business including the CEO and the board of directors. The strategy defines how the business will Read More...
Business Finance
Business Finance is a news source for finance executives. The company produces white papers, articles, videos, and newsletters. Its topics include corporate

it consolidated and efficient finance processes  executives. The company produces white papers, articles, videos, and newsletters. Its topics include corporate finance, risk management, and technology. Read More...
Moving from Potential to Performance
Companies have invested heavily in their IT infrastructure, but they still face challenges with their existing business operations. To help create a cost

it consolidated and efficient finance processes  invested heavily in their IT infrastructure, but they still face challenges with their existing business operations. To help create a cost-effective, high-performance system, SAP has developed a program to help companies proactively analyze and improve business performance in four key areas. Take a look at SAP Safeguarding services options and how they are designed to serve business users and IT staff. Read More...

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