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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 terms letters


Emptoris: Opening a New Chapter of Prosperity - Part 1
Good news is scarce these days across the board, and I am always keen on reporting on rare bullish enterprise applications businesses, especially if the

accounting terms letters  communities ), purchasing and accounting transactions,  electronic invoice presentment & payment (EIPP) , and cash management capabilities. Emptoris Philosophy Neither is Emptoris in a major consulting business when it comes to  spend management  and sourcing categories (which Ariba has been via its Freemarkets acquisition), rather the company remains focused on delivering a suite of best-of-breed software solutions. For consulting services, Emptoris works closely with a number of consulting partners,

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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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Made2Manage Systems 'One Year After': Reenergized and Growing Part Two: Future Direction


Made2Manage focused on enriching the software ownership experience for its customers--to the point where they sometimes even volunteer to influence prospective buyers.

accounting terms letters  live BOM. AccountingEnhancements to accounting functionality within TMM will allow users to view past accounting years, direct deposits, and the Kronos keeper interface. Users will also be able to cross reference accounts within the general ledger. Electronic Data Interchange (EDI) Through partnerships with Innovis and Arrow Products , TMM users will have the ability to automate communication and file exchange with their supply chain partners via EDI. This concludes Part Two of a five-part note. Part One Read More

The Executive Guide to Contract and Chargeback Management


Life sciences companies are struggling to manage large group purchase organization (GPO) contracts, process chargeback submissions, and ensure that pricing policies comply with regulatory requirements. Costs and risks are escalating as these demands outstrip the capabilities of existing systems. Learn how contract and chargeback management solutions can help you maximize growth while limiting regulatory risk.

accounting terms letters  consistent manner. To meet accounting requirements (linked to Sarbanes- Oxley), fees and rebates must also be accurately calculated, accrued and paid. However, it's difficult to conduct this reporting effectively and take the right action when appropriate systems for capturing and calculating data are not in place. Without accurate reporting, manufacturers run the risk of costly fines and litigation (see Appendix B: Summary of Legal Actions) or even government rulings that can put them out of business. We Read More

Intentia: Stepping Out With Fashion and Style Part Four: Movex Case Study Continued With User Recommendations


Intentia's Movex provides ample tools to respond to the trends and challenges of the fashion industry. While Intentia needs to continue to work to get its financial house in order, based on its functions and features Movex deserves to be on anyone's short list of vendors able to competently compete in the world of fashion.

accounting terms letters  Movex includes several costing accounting methods to include standard, actual, and average costing to facilitate the switching between methods. Factoring is a common practice in retailing. Factoring is where you sell your receivables to a third party at a discount and receive payment immediately. Movex supports a fairly robust factoring process. First, a factors credit limit is established for the bill-to customer. If sufficient credit exists based on the factoring credit limit, the order is approved and Read More

Bluebee ERP v.4b.08 for Discrete Manufacturing and Distribution Certification Report


Companies performing a software evaluation and comparison want assurance that the products they’re evaluating do what the vendors say they do. Solutions certified by Technology Evaluation Centers (TEC) and bearing the TEC Certified logo were analyst-verified for accuracy. Learn about a TEC Certified ERP system for distribution and discrete manufacturing that might offer the modules and functionality you need.

accounting terms letters  or consolidated. Finally, project accounting allows decision makers to monitor schedules and spending for financial projects.   Manufacturing Management Product costing is quite strong, allowing companies to efficiently define and track different types of costs (standard, average, and actual) but also activity related costs (purchasing costs, labor, and manufacturing). Bluebee's ERP has some strong areas that are common to both ERP discrete and ERP for distribution: Inventory Management   Processing req Read More

TEC 2013 Market Survey Report: What Organizations Want in Accounting and Financial Software


Looking for an accounting and financial solution? This report can help you spot trends in the accounting and financial software space. See what your peers and competitors are looking for in those solutions, so you can develop a good understanding of what accounting and financial software vendors offer, what other companies have identified as important requirements, and what functionality might be a good fit for your company.

accounting terms letters  What Organizations Want in Accounting and Financial Software Looking for an accounting and financial solution? This report can help you spot trends in the accounting and financial software space. See what your peers and competitors are looking for in those solutions, so you can develop a good understanding of what accounting and financial software vendors offer, what other companies have identified as important requirements, and what functionality might be a good fit for your company. Read More

Technology Evaluation Centers moderates enterprise software sessions at CPA Houston Spring Accounting Expo


Technology Evaluation Centers Inc. (TEC), the leading resource for impartial enterprise software selection announced today that it will be moderating two sessions for the prestigious Houston CPA Society Spring Accounting Expo, being held May 28-29, 2008 at the Houston Reliant Center.

accounting terms letters  at CPA Houston Spring Accounting Expo Technology Evaluation Centers moderates enterprise software sessions at CPA Houston Spring Accounting Expo Oracle, Microsoft, Sage, Microsoft Dynamics and Intuit accounting and financial solutions compared Montreal, Quebec, May 26, 2008- Technology Evaluation Centers Inc. (TEC) , the leading resource for impartial enterprise software selection announced today that it will be moderating two sessions for the prestigious Houston CPA Society Spring Accounting Expo, being Read More

The Certification of an ERP Accounting Package




accounting terms letters  Certification of an ERP Accounting Package I recently completed a certification exercise for the Flexi Software’s FlexiFinancials package, a functionally rich accounting package that is complete in every way and geared for the banking, insurance, and financial services industries. A package that has integrated business objects with drill-down searching and with full functional and reporting capabilities. We proceeded as follows: I prepared a certification document that I e-mailed to Flexi­ Software Read More

Accounting Software Selection Challenge #3: Microsoft vs. Infor (Difficulty = Basic)


I just want to make a quick point to address a popular software selection misconception. Here’s the misconception:  “The best accounting package for my business is the software that supports the most comprehensive breadth of accounting functionality.” And below are a couple of graphics from TEC Advisor (based on a hypothetical accounting software selection project) that show why this

accounting terms letters  misconception:   “The best accounting package for my business is the software that supports the most comprehensive breadth of accounting functionality.” And below are a couple of graphics from TEC Advisor  (based on a hypothetical accounting software selection project) that show why this is flat-out wrong (click to enlarge the images):   In an evaluation of over 4,100 accounting criteria, Infor FMS SunSystems [ see TEC's competitor rating analysis for Infor FMS SunSystems ] outranks Microsoft 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 terms letters  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

Integrity and Reliability = Trustworthy Accounting: Are You Sure You're Balanced?


Recent accounting scandals, highlighted by cases at Enron, Arthur Andersen, WorldCom, and Qwest, have emphasized the need for corporate governance, especially responsible corporate accounting. Not only must businesses use responsible accounting methods, but they must know that their methods are accurate. Small and mid-sized businesses must know the limitations of their current accounting software; understand the possible ramifications of system accounting balance failure; and take steps to guarantee the integrity, reliability, and accuracy of their systems. This white paper highlights the need to recognize problematic software accounting methods; minimize errors in account balance integrity, ledgers, and sub ledgers; and reduce the need for expensive rectification, to avoid serious legal ramifications.

accounting terms letters  Sure You're Balanced? Recent accounting scandals, highlighted by cases at Enron, Arthur Andersen, WorldCom, and Qwest, have emphasized the need for corporate governance, especially responsible corporate accounting. Not only must businesses use responsible accounting methods, but they must know that their methods are accurate. Small and mid-sized businesses must know the limitations of their current accounting software; understand the possible ramifications of system accounting balance failure; and take 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.

accounting terms letters  Approach to Finance and Accounting Introduction CODA Group , a finance and systems specialist headquartered in the United Kingdom, offers financial solutions that help companies grapple with international business issues such as language, currency, and compliance. Designed to be an upgrade friendly system , CODA applications offer open and standards-based reporting tools. CODA's alliance with Microsoft Corp . has allowed it to deliver a range of financial and management accounting systems, and it has Read More

Oracle JD Edwards EnterpriseOne 9.0 for Financial Packages Certification Report


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accounting terms letters  for online evaluation of accounting solutions in the Financial Packages Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary. Read More

TRAVERSE


Traverse accounting software is geared to small and mid-size companies. It offers advanced reporting capabilities, e-business solutions, specialized modules for manufacturing and distribution, and a number of featured vertical applications.Traverse has the following key features: intuiitive functionality, Excel-based financial reporting and custom reports, drill down capabilities, and graphing capabilites. The system is scalable and was designed to work with Microsoft technology. Traverse also includes several e-business modules that allow for easy integration into back-office operations and it provides open source code. It is best suited for small companies with twelve users or less that need a Windows-based, enterprise-wide accounting software solution.   

accounting terms letters  Traverse accounting software is geared to small and mid-size companies. It offers advanced reporting capabilities, e-business solutions, specialized modules for manufacturing and distribution, and a number of featured vertical applications.Traverse has the following key features: intuiitive functionality, Excel-based financial reporting and custom reports, drill down capabilities, and graphing capabilites. The system is scalable and was designed to work with Microsoft technology. Traverse also incl Read More

Epicor Financial Management Software (v. 9.05) for Financial Packages Certification Report


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accounting terms letters  financial packages in TEC’s Accounting Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary. Read More