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Software Functionality Revealed in Detail
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 sap 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. 

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Documents related to » sap 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.

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Best Practices in Creating a Strategic Finance Function


Many chief financial officers (CFOs) have started to take on new strategic roles. Their goals are to enforce stricter controls to ensure legal and regulatory compliance, offer strategic insights into the internal and external business environment, and connect the business strategy with daily operations through performance tracking. Learn more about the changing role of the CFO in today’s finance organization.

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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 efficient finance processes  your enterprise. Source : SAP Resources Related to State of the Art in Finance : Chief Financial Officer (CFO) (Wikipedia) Finance (Wikipedia) The State of the Art in Finance Finance Management is also known as : Finance Management , Corporate Finance Management , Find Finance Management , Search on Finance Management , Financial Vision , Quantitative Finance , Top10 Accounting Software , Accounting Software Ranked , Finance , Areas of Finance , Financial Function , EBusiness Finance , Finance Entreprene 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.

sap efficient finance processes  finance role. Sponsor''s Perspective SAP partnered with CFO Research Services on this study as part of our ongoing effort to better serve our cus- tomers as well as understand how companies are pro- gressing on their financial transformation journey. We had two major goals in sponsoring this research. First, we wanted to gain insight into the challenges and suc- cesses that finance departments are experiencing as they strive to make their operations more efficient and play a more strategic role in the Read More

Best-of-breed Approach to Finance and Accounting


CODA's savvy accounting and financial offerings include budgeting, forecasting, scorecards, and tools that use Microsoft Excel spreadsheets collaboratively and securely. However, CODA must defend its narrow specialist and best-of-breed approach against larger-scale integrated enterprise system offerings.

sap efficient finance processes  giant vendors such as SAP , SSA Global , and Oracle . Like others in the highly volatile mid-range financials sector, such as Epicor Software / Scala , Lawson Software (which does not include Intentia , yet), Deltek Systems , Exact Software , Systems Union , Unit4 Agresso , Open Accounting , or QSP , CODA must overcome the pressure for lower pricing, while pouring substantial resources into the continued development of new solutions, its partner network, and the introduction of more efficient support opti Read More

Improved Software Quality with Agile Processes


Unlike traditional models that are linear and inflexible, modern software processes have evolved to be iterative and incremental. This whitepaper argues that because developers using the agile methodology are usually the first to test their own code, agile development results in higher quality software than what traditional software teams usually deliver. Find out more.

sap efficient finance processes   Read More

Finance and Accounting Software Buyer's Checklist


And the smb finance and accounting checklist can help you with both.

sap efficient finance processes  finance accounting software buyer checklist,finance,accounting,software,buyer,checklist,accounting software buyer checklist,finance software buyer checklist,finance accounting buyer checklist,finance accounting software checklist,finance accounting software buyer. Read More

SAP Posts Solid Q499, but Warns of Q100


On January 24, SAP announced its preliminary year-end results and warned that the costs of its new employee stock option plan and marketing and staff additions for its mySAP.com Internet software system would likely outpace sales in the first quarter of 2000.

sap efficient finance processes  but Warns of Q100 SAP Posts Solid Q499, but Warns of Q100 P.J. Jakovljevic - February 7th, 2000 Event Summary On January 24, SAP announced its preliminary year-end results and warned that its new employee stock option plan and marketing and staff additions for its mySAP.com Internet software system would likely outpace sales in the first quarter of 2000. However, strong fourth quarter 1999 and year-end results announced on the same day gave SAP a very good standing entering the New Year. Sales grew 18% Read More

SAP Tries Another, Bifurcated Tack At A Small Guy


As the battle for the mid-market intensifies and each Tier 1 vendor is exhibiting its bag of tricks for small-to-medium enterprises, SAP is trying a twofold strategy of promulgating its mySAP.com offering for the higher-end of the mid-market, while offering a recently acquired product to appeal to complexity-adverse smaller enterprises.

sap efficient finance processes  Summary On March 21, SAP AG (NYSE: SAP), the leading provider of enterprise applications, reported business success at CeBIT conference, including new partnerships and first wins for a new product offering that comprises one part of SAP''s recently espoused bifurcated program to more successfully vie for small-to-medium enterprises. SAP, although the market leader, has nonetheless long been regarded too unwieldy and costly for this target market. Still, not wanting to be left out of the gold rush for the 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.

sap efficient finance processes  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. Read More

SAP Rounds Out Collaborative Supply Chain Management


SAP recently announced the cloud edition of SAP Supply Chain Orchestration (SCO), rounding out the company's collaborative supply chain offerings. This solution aims to provide companies with visibility into supply side trading partners and a single interface for managing the advanced supply chain needs of critical, high-value supply side partners.

sap efficient finance processes  Collaborative Supply Chain Management SAP recently announced the cloud edition of SAP Supply Chain Orchestration (SCO) , an overarching solution that integrates the SAP Supply Network Collaboration application and Ariba Collaborative Supply Chain . As described in the figure, SAP SCO has the following two underlying components: Supplier Network Collaboration (SNC) for critical/high-value suppliers. New to state here is the private subscription–based offering via managed Hana Enterprise Cloud . Read More

Anatomy of a Decision: SAP versus Oracle JD Edwards EnterpriseOne


As SAP and Oracle step up their efforts to attract midmarket customers, more and more of those customers are including top-tier vendors in their enterprise application evaluation process. Nucleus Research's analysts conducted in-depth interviews with a number of companies that recently went through the ERP decision process and selected EnterpriseOne instead of SAP. This research note focuses on the decision process and factors of those companies. Download the results of this analysis now.

sap efficient finance processes  of a Decision: SAP versus Oracle JD Edwards EnterpriseOne As SAP and Oracle step up their efforts to attract midmarket customers, more and more of those customers are including top-tier vendors in their enterprise application evaluation process. Nucleus Research''s analysts conducted in-depth interviews with a number of companies that recently went through the ERP decision process and selected EnterpriseOne instead of SAP. This research note focuses on the decision process and factors of those Read More

SAP - A Humble Giant From The Reality Land? Part 1: Alliances


During its international e-business conference, SAPPHIRE, SAP displayed a bullish attitude, contradicting the current market malaise. Expanding outside its traditional ERP stronghold into five attractive technology areas, as well as the realization that no vendor can be ‘all things to all people’ might be the necessary ingredients of the formula for future SAP success.

sap efficient finance processes  Land? Part 1: Alliances SAP - A Humble Giant From The Reality Land? Part 1: Alliances P.J. Jakovljevic - July 30, 2001 Event Summary  During its international e-business conference, SAPPHIRE, on June 12--15, SAP AG (NYSE: SAP), the leading provider of business software solutions, released a spate of upbeat announcements in its effort to portray itself as a reformed vendor of choice for all aspects of e-Business, including planning and collaboration. As an illustration thereof, SAP cited that its Read More

Modern Finance


You can't build the finance organization of the future with tools of the past. The cloud is your opportunity to transform yourself and fulfill your ambitions. Learn about the five key ingredients for success in a modern business context.

sap efficient finance processes  finance organization, finance department strategy, finance department strategy, finance department collaboration, cloud financials, best-in-class financial software Read More

SAP Buys Concur to Conquer Cloud Business Network Market


SAP’s subsidiary, SAP America, Inc., recently agreed to acquire Concur Technologies, the market leader for travel and expense (T&E) management software. The purchase is the latest in a string of major cloud software acquisitions by SAP, which is betting on cloud subscription growth to offset slumping traditional license sales.

sap efficient finance processes  and TIBCO have approached SAP for a potential sale. SAP seems to have picked a smarter choice —SAP’s subsidiary, SAP America, Inc. , recently agreed to acquire the first candidate. With more than 23,000 customers, 4,200 employees, and 25 million active users in over 150 countries, Concur leads the multi-billion market for travel and expense (T&E) management software.   The purchase is the latest in a string of major cloud software acquisitions by SAP, which is betting on cloud subscription growth to Read More