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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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 consignment accounting example

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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Comprehensive ERP and Financial Management for a Manufacturing Competitive Advantage


Manufacturers face a challenging environment with scarce credit, pricing pressures, and increasing costs. Critical to success is an enterprise resource planning (ERP) solution that aligns operations and production with finance—allowing manufacturers to deliver quality products at competitive prices. Discover the key areas necessary for creating value and profitability through real-time monitoring of financial conditions.

consignment accounting example  can''t take advantage of consignment arrangements, or are forced to track the process manually with double data entry. Creating value and profitability happens through real-time monitoring of financial conditions. The key is to automatically track the movement and accounting of inventory, with the system managing payment only after it is consumed. If an integrated ERP solution offers automated supplier consignment, inventory from a supplier is delivered to the warehouse and consumed and invoiced Read More

Let the (Excess) Inventory Flow!


Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both the inventory and dollars flying out the door. There should be smarter ways of handling this problem.

consignment accounting example  due to volume-based discounts, consignment inventories, returned goods, and so on. To rub salt into the wound, excess active inventory is arguably the most difficult life cycle category to get rid of. If it is still on the original equipment manufacturing (OEM) company''s price list, it is often contractually price-protected, and creating channel conflict by selling off discounted inventory to competing wholesalers is categorically not an option. In addition to the price protection that precludes the use Read More

Demand-driven Planning in Manufacturing


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consignment accounting example  In these shipments, a consignment for a specific customer could comprise anything from several pallets to individual packages, whereby each batch within the consignment contains single products in consumer packs, each identified by its bar code. Prior to this, customer orders are automatically received by dispatch and the shipment is scheduled when orders are entered into the system, since the warehouse module is populated with parameters, allowing it to divide and suggest how each order should be Read More

Retail Systems: A Primer


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consignment accounting example  sales entry, sales audit, consignment sale entry, and stock ledger aspects of the retail system. Retailers use the sales management system to close the month , a process also known as period end or stock ledger closing , by calculating the total profit for the merchandising period. Point-of-sale (POS) is also classified in the sales management area. Unlike the stock ledger or sales entry functionality, the POS system is part of the front-office system. It is this system that is used at the cash register Read More

One Product for Large and Small Manufacturers: Challenges and User Recommendations


A solid product aside, good may be just too good for IQMS. Potential customers may shy away because its well-rounded solution may seem more appropriate for the upper-end of the market. This, combined with IQMS' reliance on Oracle, and its well-integrated product will pose challenges to the vendor's growth.

consignment accounting example  appliance manufacturers will appreciate consignment inventory management including remote location visibility via Web-based tools, including stocking level management and invoicing on consumption, and usage reporting. Still, in these sectors, IQMS does not have the status of incumbent as it does in the plastics, and will face fierce competition from a slew of competitors of all sizes with much higher visibility, global presence, and resources. Its mid-market competitors include QAD , Infor Global 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 ...

consignment accounting example  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

Braided Matrix, Inc


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consignment accounting example  Matrix, Inc Located in Shokan, New York (US), Braided Matrix has been involved in the design and development of custom accounting systems since 1989. It markets 4th Quarter Accounting Solution (4Q), an integrated, multiuser accounting enterprise resource planning (ERP) system for small to medium businesses (SMBs). Braided Matrix promotes 4th Quarter to markets including manufacturing, engineering, graphics, and media service industries. 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.

consignment accounting example  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 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

consignment accounting example  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 is flat-out wrong (click to Read More

CYMA


CYMA Systems, Inc. is a personal computer accounting software company, offering general accounting software for Windows®95, 98, 2000, and Windows NT® platforms. Working through its established nationwide CYMA Systems dealer network, CYMA has installed accounting software in thousands of businesses throughout the United States.

consignment accounting example  CYMA Systems, Inc. is a personal computer accounting software company, offering general accounting software for Windows®95, 98, 2000, and Windows NT® platforms. Working through its established nationwide CYMA Systems dealer network, CYMA has installed accounting software in thousands of businesses throughout the United States. Read More

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consignment accounting example  Accounting Practices Heading the Way of the Dinosaur Are you guilty of business as usual ? Inefficient, old school accounting systems can hold your business back. This list runs down the top 10 outdated accounting practices because they simply present far too many risks for your business. These days, there are modern, simple yet powerful technologies that can streamline every component of your finance department. Read More

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consignment accounting example  Finance and Accounting Checklist: What You Need to Consider Before You Buy Making a list and checking it twice is a particularly good practice when picking a finance and accounting software solution. If you don’t find the right product for your company, you’ll just pay for the mistakes on the back end. But first you need to know which features your small to midsize business must have and which you don’t want. Get some tips that will help you create your finance and accounting checklist. Read More

Accounting Software Checklist for Small and Midsized Businesses


Like the smb finance and accounting checklist from inside business finance.

consignment accounting example  Software Checklist for Small and Midsized Businesses Selecting a new accounting and finance software solution for your company can be a risky business. If you miss something, it can come back to haunt you later. A good checklist can help ensure that you cover all the angles, and ask the right questions . Like the SMB Finance and Accounting Checklist from Inside Business Finance . Written in clear language, this buyer''s checklist for small and midsized businesses (SMBs) gives you the right Read More

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consignment accounting example  Accounting Software Comparisons 2010 There were a lot of new accounting solutions introduced or updated in 2010, and here''s your chance to compare them—quickly and easily. Some of the big names include NetSuite, SAP, Microsoft, Cougar Mountain Software, Sage, Pronto Software, Deltek Software, Exact, Intuit, UNIT4, and Open Systems Inc.—but there are dozens more top systems from lesser known brands. Which one is best for your organization? To find out, simply use TEC''s Accounting Software Comparison Read More

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consignment accounting example  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 Read More