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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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 sap audit of key financial 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

Business Intelligence (BI)

Business intelligence (BI) and performance management applications enable real-time, interactive access, analysis, and manipulation of mission-critical corporate information. These applications provide users with valuable insights into key operating information to quickly identify business problems and opportunities. Users are able to access and leverage vast amounts of information to analyze relationships and understand trends that ultimately support business decisions. These tools prevent the potential loss of knowledge within the enterprise that results from massive information accumulation that is not readily accessible or in a usable form. It is an umbrella term that ties together other closely related data disciplines including data mining, statistical analysis, forecasting, and decision support. 

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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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The State of the Art in Finance


Thanks to recent accounting scandals and an increasingly competitive environment, many chief financial officers and the finance organizations they lead have started to take on new roles within the enterprise. However, given the current state of the finance function in US companies, companies first need to understand the challenges to finance—and the road map to increasing its strategic capabilities.

sap audit of key financial processes  files extracted from the SAP ® accounts payable and treasury applications for all types of payment. In effect the central treasury department has become the house bank for all of the company''s far-flung subsidiaries. The company believes straight-through processing eliminates costly errors caused by processing different payments in different countries. In addition, the straight-through processing of foreign exchange has cut down on difficulties in reconciling payments and revenues in the 30 or more 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.

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Improving Intercompany Reconciliation for a Faster Close: Driving Financial Excellence


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sap audit of key financial processes  with consolidation applications from SAP and Business Objects as well as other software vendors. Using these assumptions, it''s possible to do a simple cost/benefit calculation. In the following table, you can see that full ROI is achieved within just over nine months. This also shows that the benefit depends heavily on the number of reporting cycles performed. In general, companies reporting monthly derive a far greater benefit than those reporting quarterly. A business case should also consider that any Read More

Optimizing Financial Performance for a Competitive Edge


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sap audit of key financial processes  performance management activities. SAP covers the full spectrum of requirements for performing your financial consolidation with our applications. Your account team can advise you on the best choice for your business. Comprising best-of-breed functionality, applications for financial performance management integrate enterprise data and processes to streamline traditional finance processes. Figure: Performance Management Processes Our applications support automated consolidation processes Read More

Financial ISV Partnership


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Use Financial Analytics Solutions for Bigger Profits


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SAP HANA


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Financial Excellence: Setting the Foundation for Business Success


To effectively track and forecast your company’s financial performance, you need up-to-date and reliable financial data. As your business grows and diversifies, you need to maintain liquidity and manage cash flow and profits. Integration of your business transactions and operational data with financial data makes this possible, and helps you eliminate departmental silos and streamline your business operations.

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The Integrated Information Management Infrastructure: The Business Value of the Best-of-Suite Approach


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SAP CRM


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sap audit of key financial processes  CRM SAP CRM has been used in over twenty-five industries including automotive, chemicals, consumer products, professional services, high tech, and wholesale distribution. Its features include partner channel management, marketing, sales, professional services, interaction center management, real-time offer management, web channel management, trade promotion management, and business communication management. Read More