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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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 lower invoice processing costs


Not Small Change: World-class Financial Automation Delivers Dramatic Benefits
Automating finance processes@such as closing the books, reporting, and other labor-intensive processes@reduces finance costs. By streamlining financial

lower invoice processing costs  revenue are 45 percent lower for top performers than for the peer group (see chart 1, The Difference Is Clear ). Companies can make their financial supply chains more competitive with the help of financial value chain (FVC) technology, which helps to electronically exchange payments, related documents and information between buyers and sellers, banks, carriers and other involved parties. This focus on the FVC comes after a decade of automation of organizations physical supply chains that has reduced

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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

Quote-to-Order (Q2O) Systems

Quote-to-order (Q2O) solutions (sometimes known as configure, price, and quote or CPQ) enable manufacturers to mobilize their mass customization initiatives. These systems can reduce time-consuming quoting and ordering processes, decrease unit costs, and lower sales costs. Q2O suites can further help enterprises increase sales effectiveness across all channels. These solutions help companies that sell complex products and services shift their focus to customer-facing sales and service issues. 

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The Pain and Gain of Integrated EDI Part One: The Pain of Integrated EDI


The real action is in merging the influx of electronically transmitted data with existing information already being processed within the ERP system, and the ensuing challenge is to make sense of this constant flood of information arriving daily in the form of EDI or XML messages.

lower invoice processing costs  while benefiting from a lower cost alternative to the traditional EDI fees they may already be paying. The system's connectivity with traditional EDI networks should ensure a smooth transition, while integration with the ACCPAC accounting solution should provide for rapid implementation and increased operating efficiencies. This concludes Part One of a three-part note. Part Two will discuss the automotive industry gains. Part Three will cover other industry gains and make user recommendations. Read More

E-Procurement Is Not Electronic Purchasing - Part II


Three minutes of labor from purchase requisition to invoice payment; fully executed due diligence; commitment authorization and no delays. That is the promise of e-procurement and the potential is there for the taking - but not without risk. Extensive preparation is necessary and full integration with related business processes is essential to realize the full value from an e-procurement investment.

lower invoice processing costs  should provide reduced inventories, lower procurement costs, lower product costs, shorter procurement cycle-time, higher (internal) customer satisfaction, and higher value-add from procurement professionals. Read More

RedPrairie - New Name For A Brave New Value Proposition Paradigm Part Two: Market Impact


Only very recently has senior management begun to take a closer look at logistics, not only in terms of its costs, but also as a healthy contributor to their companies' bottom-line improvement. The importance of order fulfillment regardless of the channel cannot be underestimated.

lower invoice processing costs  bludgeoning' carriers to obtain lower rates from them, but instead doing a better job on corporate-wide spending with ideally a sole carrier. In today's depressed market, the message of quick and proven ROI and its direct impact on customer satisfaction (i.e., top and bottom line) echoes loudly enough to nonetheless keep customers deploying these kinds of software products. Despite the overly touted potential of Web storefronts and virtual inventory at the end of 1990s, and the Internet's ability to Read More

Ariba Smart Invoicing: Worth Checking Out


Sure, to most of us accounting sounds as exciting as watching paint dry, but no business can survive without properly managing its financial means. Especially in these days of scarce cash, processing invoices faster and more accurately by the accounts payable (A/P) or billing department is critical so that the accounts receivable (A/R) folks can get their cash faster. An efficient A/P function is

lower invoice processing costs  problematic. This results in lower match rates. To that end, Ariba’s cascading logic refers to sequential rules of validation (e.g., field range of values, order line range of values, etc.) based on best practices and configurations. Invoice conversion of paper documents to electronic ones covers the use case of paper invoicing. Paper invoices obviously cannot give immediate feedback to suppliers, but logic is built into the process to validate fields and thus drive higher rates of touchless Read More

Lower Technology Rollout Project Costs & Time


The rapid deployment of nationwide technology rollouts requires well-defined processes, robust management skills, and a unique understanding of how to get the job done. Without a proven technology rollout system, businesses run a high risk of project complications that can result in increased costs, missed deadlines, and an overwhelming burden on internal resources. Learn what a technology rollout system is, how it can lower costs and save time without compromising quality, and what questions to ask a technology rollout company.

lower invoice processing costs  is, how it can lower costs and save time without compromising quality, and what questions to ask a technology rollout company. Read More

Fonolo for the Financial Industry: Reducing Call Center Costs While Improving the Customer Experience


As a company in the financial sector, you place extremely high demands on your call center. The complicated and sensitive nature of the calls requires an agent who is highly trained and experienced. This leads to a high cost per call. At the same time, sacrificing caller satisfaction is not an option. This creates a tough challenge: How do you decrease the cost per call, while improving the customer experience? Download this white paper to find out.

lower invoice processing costs  call center,call center solutions,virtual queuing,visual dialing Read More

Increasing Sales and Reducing Costs across the Supply Chain-Focusing on Data Quality and Master Data Management


Nearly half of all US companies have serious data quality issues. The problem is that most are not thinking about their business data as being valuable. But in reality data has become—in some cases—just as valuable as inventory. The solution to most organizational data challenges today is to combine a strong data quality program with a master data management (MDM) program, helping businesses leverage data as an asset.

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Managing Costs More Effectively: Sustaining a Lean Organization in Demanding Times


All midsize and larger companies think they have systems in place to manage costs, so they give this issue little ongoing thought. They may be blind to the limitations of the systems they’re using and the improvements to cost management they can achieve. This paper identifies the information technology (IT) components used in cost management to enable finance executives to identify areas of improvement.

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Lowering Your IT Costs with Oracle Database 11g Release 2


New versions of database software and operating systems (OSs) come out regularly. In the past, upgrading the database and OS for individual environments has been very expensive and a never-ending job—by the time all the business systems are upgraded, it’s time to start again. This white paper discusses Oracle Database 11g Release 2, which reduces the cost and risk associated with making these changes.

lower invoice processing costs  Your IT Costs with Oracle Database 11g Release 2 New versions of database software and operating systems (OSs) come out regularly. In the past, upgrading the database and OS for individual environments has been very expensive and a never-ending job—by the time all the business systems are upgraded, it’s time to start again. This white paper discusses Oracle Database 11g Release 2, which reduces the cost and risk associated with making these changes. Read More

Reducing Costs in Your Job Scheduling Environment


Many companies have invested a lot in their job scheduling environments, but are bogged down by inefficient processes, incompatible systems, and a lack of visibility. Through technology reuse and consolidation, you can reduce the time, money, and resources expended, while scaling to support enterprise-wide capacity. This white paper focuses on job scheduling challenges and presents a solution to upgrade your environment.

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3 Key Areas to Reduce Costs with Lean Techniques


Continuous process improvement is more critical than ever for manufacturers to become lean. One key area of focus is on the flow of product from supplier to customer. Naturally, any process that impedes the smooth flow of product is a source of additional cost to the company. Download this white paper now and learn about 3 key areas to reduce costs and improve product flow from quote to cash.

lower invoice processing costs  ERP,enterprise resource planning,Epicor,medical device manufacturer,lean techniques,process improvement,manufacturing Read More

Supply Chain Decisions - Make Sure You Understand the Dollars and Sense Part Two: The Impact on Real Costs


High-level strategic decisions often have multiple, cascading cost impacts. The reaction of the costs to changes in the supply chain system is not predictable in a simple relationship that is based on current standard costs, because strategic changes often involve step changes in costs that alter the balance of fixed and variable costs.

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How Airlines Can Stop Getting Murdered by Maintenance Costs


Patchwork maintenance repair and overhaul (MRO) systems can cost large airlines millions in duplicated effort, extra inventory, and delays. But with round-the-clock schedules to maintain, few airlines can afford to upgrade to an integrated MRO solution any time soon. Today TEC Analyst Philippe Reney looks at two ways airlines can improve their MRO capabilities without a complete IT overhaul.

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