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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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 major financial processes sap

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

Financial packages encompass modules for bookkeeping and making sure that accounts are paid or received on time.  

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Documents related to » major financial processes sap

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.

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Enterprise Performance Management: Financial Excellence and Beyond


Financial performance management—often categorized as one aspect of enterprise performance management—can help chief financial officers (CFOs) maximize their companies’ profitability, protect against non-compliance, and optimize efficiency by ensuring delivery of information when it is needed, in context. Learn more about a solution that can help you adapt to rapid business change and predict future financial performance.

major financial processes sap  organization. One of the major enablers that the CFO and IT organization can take advantage of is the discipline commonly referred to as financial performance management. Financial Performance Management Financial performance management is a subset of enterprise performance management and is focused specifically on the financial management processes of a company. All areas of an organization need to define strategies and plans, set budgets, analyze performance, and generate financial and performance relat Read More

SAP Upgrade Success Story


Gruppo Tosinvest is by no means a single-process company. Beside a core focus on health care, it also runs businesses in the media, real estate, financial services, and engineering and construction sectors. With such an array of processes, controlling IT costs is of utmost importance. That’s why it decided to upgrade the enterprise software it had been running since 2001.

major financial processes sap  been running since 2001. Major Business Challenges When Gruppo Tosinvest first implemented SAP software, including functionality for financial accounting, controlling, materials management, and asset accounting, the group had all the right tools to manage its internal processes. However, over the years, as the group grew, so too did its demands on the IT infrastructure. In addition to needing more robust functionality for human capital management (HCM) and financials, it needed software that would provide Read More

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 is still a key part of today’s global finance function. Do you know how to overcome the barriers to a fast, high-quality close? Discover solutions that can help you improve your close times and address the challenges of automating and testing internal controls.

major financial processes sap  performance, they become a major bottleneck. The performance of some applications is also greatly reduced when full audit features are turned on, forcing companies to sacrifice speed against auditability. By leveraging consolidation applications that allow and perform simultaneous consolidation processing yet don''t require compromises on the audit trail, you can experience significantly faster consolidation times and run fewer iterations. Process Automation Because the industrialization of the close proce Read More

Workday Becoming a Global Financial Management Software Provider


In a slew of announcements at the recently held Workday Rising 2012 user conference, one major theme has been that Workday, the cloud software company that initially started with providing human resource management system (HRMS) and which later added payroll software, now has 40 financial management customers as well (10 percent of its customer base). Most recently, the roster of Workday Financial

major financial processes sap  released Workday 18 had major Workday Financial Management application enhancements to bring more global capabilities to large multinational organizations, together with advanced industry-specific functionality (see the related PR ). Some advancements to Workday Financial Management included the following: Enhanced global tax and payment support gives customers the ability to support partial tax recoverability and tax regimes with mixed recoverable and non-recoverable tax rates, while enriched internation Read More

Integrating Actuals into Financial Plans


Integrating actuals into the planning cycle is usually a zoo. Financial and operating results are spread across multiple databases. Actual results and plan details are at different levels. Lack of underlying volumes and rates makes meaningful causal analysis difficult. Discover financial planning and analysis software that lets you fully integrate actuals, and plan using driver-based planning and reporting.

major financial processes sap  Actuals into Financial Plans Integrating actuals into the planning cycle is usually a zoo. Financial and operating results are spread across multiple databases. Actual results and plan details are at different levels. Lack of underlying volumes and rates makes meaningful causal analysis difficult. Discover financial planning and analysis software that lets you fully integrate actuals, and plan using driver-based planning and reporting. Read More

SAP ERP


Through the SAP ERP platform, people in businesses around the globe are improving relationships with customers and partners, streamlining operations, and achieving significant efficiencies throughout their supply chains. Today, more than 17,000 companies in over 120 countries run more than 44,500 installations of SAP software.

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SAP HANA Demystified


What is SAP HANA? And how does it work? Download this primer on SAP HANA to get clear answers to these and other questions.

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Tailoring SAP Data Management for Companies of All Sizes


The need for accurate data management such as upload or download of data between a company’s data sources and SAP systems is more critical than ever. Users are relying on manual operations, which are inherently error-prone, and time- and resource-intensive. Today's environment requires enterprise-class automation to overcome these challenges of data management. Learn about one solution that can help improve SAP data management.

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SAP HANA: From Database to Platform


At the end of 2009, SAP launched SAP HANA, an in-memory, column-row based database management system with capabilities within both OLTP and OLAP environments. In June of 2012, SAP announced that HANA had become the fastest growing technology in the company’s history. In this report, TEC Senior BI and Data Management Analyst Jorge García gives an overview of the history, functionality, and benefits and challenges of SAP HANA, and explores SAP’s strategy for the product and its place in the in-memory processing product space.

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SAP HANA-Curing Cancer (for real), and More


At the recent SAPPHIRE NOW and SAP TechEd event in November, SAP announced the next-generation SAP HANA platform. TEC Principal Analyst P.J. Jakovljevic was there and brings you all the details in this TEC Report. Download the report to get the latest developments to SAP HANA and how this platform can help companies gain insights into their business in real time, and may even help healthcare organizations cure cancer.

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SAP Defies Economic Slowdown, For Now


In January, SAP announced upbeat results for Q4 2000, in contrast to the current market slowdown. However, 8% license revenue growth in North America is much less compared to recent reports from its direct competitors, indicating a possible loss of market share and the fact that not all troubles have been left behind.

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SAP Learns The Ropes Of Fashion/Outfitting


With a heavy heart, in 1999, SAP had to go back to the drawing board, to do a thorough redesign of its erstwhile ill-reputed Apparel & Footwear Solution (AFS). It appears that the effort was worthwhile.

major financial processes sap  which initially was a major sore spot and embarrassment for SAP and a source of discomfort and disgruntlement of its early users. SAP AFS release 1.0 was introduced in 1997, apparently in hindsight quite hastily, with the aim to capture an apparent opportunity in the underserved market niche, to an initial group of customers with high expectations. However, in short order, a consistent pattern appeared software implementations were put on hold because of numerous bugs, CIOs cried foul in the trade press Read More

'Collaborative Commerce': ERP, CRM, e-Proc, and SCM Unite! A Series Study: SAP AG


SAP AG has seemingly crossed a strategy chasm, from a strict, stodgy, Not-Invented-Here (NIH) approach to software development and delivery, to a seemingly quite open approach of broad development alliances, company acquisitions, Internet portals development, and a deep, new relationship with IBM for both technology sharing as well as bolstering IBM Consulting’s support for SAP’s new multiple mySAP.com™ initiatives. 'Collaborative' and 'SAP' were not two words you might have ever seen in the same article. You’re seeing it now.

major financial processes sap  and even why, the major power players at SAP decided to almost turn the company on its head by opening itself up to alliances, absorbing other companies'' technologies through acquisitions, and even opening up its software to work friendlier with other, non-SAP software components, is difficult to pin down. But that is just what it has done. SAP''s new tagline is mySAP.com: Solutions for the New, New Economy - The Integrated E-Business Platform for Any Industry. This is the SAP, for all its warts and Read More

SAP Remains One Of The Market’s Beacons Of Hope


On April 19, SAP announced upbeat results for Q1 2001, contradicting thereby the current market malaise. However, flat currency adjusted license revenue in the US and expected cascading economic slowdown from the US to other markets, may feel like a cutthroat competition, a loss of market share and the fact that not all troubles have been overcome.

major financial processes sap  Enterprise , the next major release of its flagship ERP suite, which is slated for general availability in 2Q 2002, and which will supposedly provide an R/3-based platform, upon which customers can incrementally deploy new mySAP.com and 3rd-party components without the need to update their core ERP systems, is the step in the right direction, but with the long way to go. User Recommendations SAP''s viability and the business applications market''s leadership remain unquestioned. More important will be how Read More