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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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 basic principles of accounting


Cost Accounting Primer
Whether you’re familiar with the world of accounting or not, understanding the basic concepts and principles of accounting functions can give you an essential

basic principles of accounting  or not, understanding the basic concepts and principles of accounting functions can give you an essential edge in the competitive manufacturing sector. This in-depth guide, complete with glossary, takes you through the step-by-step process of cost accounting for manufacturers—from prototype manufacturing, shipping, and full production, through to financial reports.

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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

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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The Next R(E)volution of Lean


By seeing a business as a "value system" for customers, companies can shift lean strategic priorities towards growth-oriented targets instead of cost-cutting. Instead of squeezing additional margins to boost the bottom line, lean philosophy can increase demand response and sales, while maintaining and lowering cost per unit—thus enabling lower prices, a competitive edge, and more business.

basic principles of accounting  fails to recognize this basic human need. And, failed strategies are the direct result. There is much documented evidence to support the successful marriage of these principles with other improvement initiatives. Hoffherr & Moran used these principles in the implementation of Total Quality Management. And, Kilpatrick & Osborne continue to use them in Lean, strategic planning, process modeling, project management, and other areas. Conversely, failed Lean implementations tend to emphasize; let's not Read More

SOX Segregation of Duties Matrix


I'll get to the downloadable SOX segregation of duties matrix in a moment, but first let me address a question from one of our readers. Needless to say, I appreciate all feedback, including one recent comment regarding my article Segregation of Duties and Its Role in Sarbanes-Oxley Compliance Issues: Mr. Hankewicz mis-states Section 404 in his article "Segregation of Duties and Its

basic principles of accounting  certain key duties. The basic idea underlying segregation of duties is that no employee or group should be in a position to commit systemic errors or fraud in the normal course of duties. In general, the principal incompatible duties to be segregated include custody of assets authorization or approval of related transactions affecting those assets recording or reporting of related transactions execution of the transaction or transaction activity An essential feature of segregation of Read More

How to Overcome the Limits of Enterprise Software


Is your enterprise software really making you more competitive? After all, for years you’ve had to make expensive trade-offs between application dependability and manageability—and the sheer computing power required to deliver effortless scalability simply didn’t exist. However, a new type of software environment is successfully and cost-effectively meeting the requirements of today’s most demanding applications.

basic principles of accounting  created a consensus around basic requirements for application fabrics. While individual implementation approaches may differ, application fabrics share the following general characteristics: Scale-out virtualization. Application fabrics can easily scale out across tens, hundreds, or even thousands of commodity computers, yet are viewed and managed as a single system. Application-level fault tolerance. Fabric applications derive their dependability from the fabric itself, rather than from the hardware on Read More

Navigator Business Solutions Navigator One for SAP Business One (v88) for Accounting Certification Report


Navigator One for SAP Business One (v88) is now TEC Certified for online comparison of accounting software in TEC's Evaluation Centers. 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.

basic principles of accounting  Navigator One provides stronger basic functionality for asset management than the average, for all three submodules. About Order Entry The Order Entry module provides functionality for sales order management and tracking. This includes the Order Entry (Set Up), Order Receipt, Order Tracking, Shipping, Invoicing, and Reports submodules. All submodules for Order Entry have ratings of 90 or more for Navigator One. For Order Entry (Set Up), Order Receipt, and Shipping, the difference between Navigator One Read More

In Defense of Data Centers: The Positive Role IT Can Play in the Greening of Business


Corporate concern for the environment is no longer just an issue of compliancy. Businesses are becoming increasingly concerned about how much energy is required by their IT operations, especially by their data centers. Greening IT starts in the data center: find out how data center consolidation—and other solutions—can help you reduce energy consumption, and even increase productivity and efficiency.

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Forecasting Total Cost of Ownership for Initial Deployments of Server Blades


For organizations deploying many servers, total cost of ownership (TCO) analyses favor blade over rack-optimized systems. Blade server systems—reducing both capital and operating expenses—exploit economies of scale when deploying servers in volume. Saving power, cooling, and space by more than 25 percent, the blade advantage is particularly relevant for servers working in conjunction with storage area networks (SANs).

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MBA Accounting Software


MBA's goal is to provide an easy to use, quality accounting software package that can help its clients track their financial status by providing up-to-date information. MBA designs its software based on the needs of customers in the small to mid-range market.  

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Charting a Better Course for Your Business: Eight Rules for Investing in a New Accounting System


A good financial and accounting system should propel your business forward. It should give you the specific insights you need to spot the storms ahead, help you maximize resources with streamlined processes, and be nimble enough to help you navigate the changing currents of today’s business environment. Download this white paper to make sure you have the facts straight about what to look for—and what to look out for.

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Vendor Spotlight: GMS Accounting and Financial Management System


In this spotlight report, TEC Research Analyst Aleksey Osintsev examines GMS Accounting and Financial Management System, which was specifically designed for not-for-profit organizations. Learn all about GMS’s customers and marketing positioning, and how the software addresses the challenges for not-for-profit accounting. Also featured is a high-level overview of GMS Accounting and Financial Management System functionality.

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Types of Video Conferencing


The use of video conferencing solutions has quickly become the standard of businesses with the highest distinction. Popularity of voice over internet protocol (VoIP) video conferencing is on the rise, and there are a range of platforms and devices businesses use to communicate, with a growing number of protocols that make each of these interoperable. Read this detailed guide on several types of VoIP video conferencing solutions.

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Every supply chain professional must consider certain factors when comparing enterprise resource planning (ERP) and best-of-breed warehouse management system (WMS) solutions for warehouse management. Effective management of warehouse, fulfillment, and distribution operations is key to business success. With so much riding on your decision, you need to thoroughly compare ERP warehouse modules and best-of-breed WMS.

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Adagio Accounting


Adagio is an accounting product suite that was launched in 1999. Designed for organizations that manage over $1 million in sales and revenue, with significant transaction volumen, and at least one person responsible for managing those transactions. The accounting system is modular and combines batch interface and control with on-line processing in order entry and inventory control. Products include Adagio Financial Suite, Adagio Operational Suite, Adagio Payment Solutions, Adagio for Professional and Services Industries, Adagio Reporting and Analysis, Utilities, and Platinum Payroll for Adagio (which is a third-party offering).  

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


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