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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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Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
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 accounting benchmarking


Benchmarking ERP in SMB
Many small companies have limited resources to devote to the implementation and maintenance of enterprise resource planning (ERP). Fortunately, the price

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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

Small Business Software (SBS)

The Small Business Software (SBS) evaluation model targets functional requirements for fully featured solutions designed to support all business requirements of a typical small business. Extending beyond mere accounting functions, it is primarily applicable to those businesses for which full-scale ERP software may be too complex or cumbersome. However, the model of SBS solutions includes all the essential categories such as General Ledger, Accounts Payable (A/P) and Accounts Receivable (A/R), Payroll, Job and Project Costing, Multinational Accounting, Light Manufacturing, Inventory, Technology, and much more. 

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Documents related to » accounting benchmarking

TEC Industry Watch: Enterprise Software News for the Week of July 9, 2012


SOFTWARE SELECTIONSInternational distributor of high-tech metals and alloys selects Epicor ERPIndustry tags: Manufacturing, Wholesale and Retail Trade, Warehousing "The relatively small but geographically extensive company Datum Alloys made its choice based on a few underlying premises: a need for multicurrency operations in conjunction with local accounting standards, high-quality analytical

accounting benchmarking  capabilities (including true project accounting and flexible invoicing formats for all manner of project types) or the list of references that Maconomy does. —Principal TEC Analyst P.J. Jakovljevic Profile: Deltek Inc. TEC article (Aug 2011): Deltek, We Hardly Knew Ye: New Deltek at Insight 2011 DrVita completes implementation of ProcessPro Premier ERP Industry tags: Pharmaceutical and Botanical Products Recently certified by TEC, ProcessPro Premier software is designed for companies similar to DrVita: Read More

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.

accounting benchmarking  industry regulations (U.S. Financial Accounting Standards Board and Sarbanes-Oxley) Improved security and controls and reduced risk of contractual and regulatory noncompliance Improved predictability, particularly with budget One CFO admitted, Until we began to appreciate the importance of simplicity in thinking through our finance function and making it more strategic, we did not realize the way that technology can help you deal with complexity, and allow you to achieve the strategic goals finance shoul Read More

NetSuite OpenAir Now TEC Certified PPM for PSA Solution


TEC is pleased to announce that NetSuite OpenAir is now TEC Certified for product portfolio management for professional services automation (PPM for PSA) under TEC’s Project and Process Management Evaluation Center. To obtain TEC certification, NetSuite completed TEC’s detailed research questionnaire and went through a formal comprehensive demonstration of OpenAir with TEC analysts.

accounting benchmarking  expense management, and project accounting functionality. The OpenAir solution also has well designed and easy-to-use real-time dashboards and is delivered with more than 100 pre-configured reports. The figure below illustrates how the OpenAir solution spans the core services performed by a professional services organization. During the product demonstration, I was able to get a firsthand look at the product’s features and capabilities. NetSuite OpenAir is a delight for the eyes with its well-designed a 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.

accounting benchmarking  in accordance with multiple accounting standards can begin. Intercompany Reconciliation The intercompany process all too often sits on the critical path for the close cycle, causing significant delays while operating units resolve unmatched intercompany transactions and balances. Time spent at both the head office and local operations contributes to a significant number of staff days that are needlessly wasted on this essential but cumbersome process. According to research conducted by Business Objects an Read More

Accounting and Small Business Software


Accounting systems manage procedures for accurately entering, tracking, and maintaining information related to an organization's financial operations. These accounting applications typically support general ledger (GL), accounts payable (A/P) and accounts receivable (A/R), payroll, job and project costing, and multinational accounting. Many small to medium businesses (SMBs) require that other functions (such as inventory control, manufacturing management, and financial reporting) also integrate with their accounting system.

accounting benchmarking  and Small Business Software Accounting systems manage procedures for accurately entering, tracking, and maintaining information related to an organization's financial operations. These accounting applications typically support general ledger (GL) , accounts payable (A/P) and accounts receivable (A/R) , payroll, job and project costing, and multinational accounting. Many small to medium businesses (SMBs) require that other functions (such as inventory control, manufacturing management, and financial Read More

From Accounting to ERP: A Road Map for Growing Small Businesses


To find out what you need to know about ERP systems for growing small or midsized businesses, download your copy of from accounting to erp: a road ...

accounting benchmarking  Accounting to ERP: A Road Map for Growing Small Businesses You may have hit a wall without knowing it. Your business may be getting too big to continue growing with stand-alone desktop applications like spreadsheets, contact managers, and basic accounting software. If you're having trouble eliminating business process bottlenecks, increasing productivity, or improving customer service, it could be time for you to leave your desktop applications behind— and graduate to an enterprise software solution Read More

Case Study: Emergent Game Technologies


Emergent Game Technologies develops tools and technologies required to build interactive games. Faced with an accounting solution that was causing lost productivity and accounting inaccuracies, the company sought a replacement. Find out how Emergent’s new solution helped it reconcile multiple currencies across multiple subsidiaries, reduce manual data entry and consolidation processes, and streamline revenue management.

accounting benchmarking  games. Faced with an accounting solution that was causing lost productivity and accounting inaccuracies, the company sought a replacement. Find out how Emergent’s new solution helped it reconcile multiple currencies across multiple subsidiaries, reduce manual data entry and consolidation processes, and streamline revenue management. Read More

Banking Industry's Fair Value Accounting (FVA) Conundrum


Every company and almost every individual holds fixed assets. Over time, these assets change in value. For example, real estate tends to increase in value, while vehicle values decrease. In the US, as in most countries, the global crisis has resulted in declines in the real-estate market and employment sectors. These declines result in housing and business property holdings dropping

accounting benchmarking  Industry's Fair Value Accounting (FVA) Conundrum Every company and almost every individual holds fixed assets. Over time, these assets change in value. For example, real estate tends to increase in value, while vehicle values decrease. In the US, as in most countries, the global crisis has resulted in declines in the real-estate market and employment sectors. These declines result in housing and business property holdings dropping in market value. Some unemployed households are obliged to walk away Read More

POLL: Is Cloud-based Accounting/Financial Software Right for You?


TEC is preparing a new Financial Packages Buyer’s Guide, and we’d like to hear your thoughts on cloud-based finance and accounting software. Your responses to the questions below will help us keep the guide focused on the needs of real-world accountants, financial managers, IT specialists, and other professionals.{democracy:70}{democracy:71}{democracy:72}{democracy:73}{democracy:74

accounting benchmarking  on cloud-based finance and accounting software. Your responses to the questions below will help us keep the guide focused on the needs of real-world accountants, financial managers, IT specialists, and other professionals. {democracy:70} {democracy:71} {democracy:72} {democracy:73} {democracy:74} Thanks for taking the time to participate in this TEC poll. The Financial Packages Buyer’s Guide is due out in December. We’ll make an announcement on this blog as soon as it’s published. Read More

The 2011 Buyer's Guide to Accounting and Financial Software


Too often, finance professionals must contend with outdated financial and accounting systems that present spiraling overhead costs, functional limitations, and unnecessary risks. And that makes it challenging for them to respond to complex business issues such as frequent regulatory change and increased compliance challenges--as well as requirements for visibility across multiple entities, currencies, and tax and regulatory frameworks. Download this buyer guide for a comprehensive overview of how cloud computing can help, including a handy chart comparing software delivery models and vital tips for evaluating cloud solutions for finance and accounting.

accounting benchmarking  2011 Buyer's Guide to Accounting and Financial Software Too often, finance professionals must contend with outdated financial and accounting systems that present spiraling overhead costs, functional limitations, and unnecessary risks. And that makes it challenging for them to respond to complex business issues such as frequent regulatory change and increased compliance challenges--as well as requirements for visibility across multiple entities, currencies, and tax and regulatory frameworks. Download this Read More

Six Reasons You Should Think About Getting a New Accounting System


Accountants and business people overall are generally aware that whatever happens in the company must be reflected in the corresponding accounting books or ledgers as accurately and as quickly as possible. This means that accounting as a business process should be able to obtain, process, and store a significant volume of data that comes from a battery of different sources. I do not believe we

accounting benchmarking  About Getting a New Accounting System Accountants and business people overall are generally aware that whatever happens in the company must be reflected in the corresponding accounting books or ledgers as accurately and as quickly as possible. This means that accounting as a business process should be able to obtain, process, and store a significant volume of data that comes from a battery of different sources. I do not believe we need to convince anybody to use a computer-based accounting system to Read More

How to Outsell the Competition: The Benchmarking Edge for Successful Sales Execution


Benchmarking is a process where companies compare their performance over time against their competition. In doing so, they can identify where their strengths lie and where improvement may be needed. The point of benchmarking is to focus on areas that will yield the best return. For companies to succeed in their benchmarking efforts and gain a sustained competitive advantage, five key steps should be considered.

accounting benchmarking  single system, which includes accounting/ Enterprise Resource Planning (ERP) , Customer Relationship Management (CRM) , and ecommerce. NetSuite is delivered as an on-demand service, so there is no hardware to procure, no large, up-front license fee, and no complex setups. For more information about NetSuite, visit: www.netsuite.com By Greg Alexander and Aaron Bartels   Searches related to How to Outsell the Competition:The Benchmarking Edge for Successful Sales Execution : Sales Execution | Marketing Read More

FinancialForce Accounting


FinancialForce Accounting™ is a simple, yet powerful, accounting application that is straightforward to learn, easy to implement, and trouble-free to maintain. It complements Salesforce customer relationship management (CRM), helping to bring back office data to the front, eliminating data silos, and allowing companies to align sales, service, and finance on a single cloud platform. FinancialForce Accounting enables more efficient accounting processes, shorter period closes, and sharper financial reporting.

accounting benchmarking  PSA & FinancialForce Accounting PDG Group Model 974 Read More

Rising to the Challenge: Productivity in Accounting and Finance Organizations


During these challenging times companies need to do more with less. This need extends throughout the organization-and companies' accounting and finance organizations are rising to the challenge. Know the most critical challenges faced by the CFO organization of companies in improving staff productivity and effectiveness of their operations according to research conducted by the Institute of Management Accountants (IMA).

accounting benchmarking  the Challenge: Productivity in Accounting and Finance Organizations During these challenging times companies need to do more with less. This need extends throughout the organization-and companies' accounting and finance organizations are rising to the challenge. Know the most critical challenges faced by the CFO organization of companies in improving staff productivity and effectiveness of their operations according to research conducted by the Institute of Management Accountants (IMA). Read More