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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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 erp quantifiable business benefits

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 » erp quantifiable business benefits

Justification of ERP Investments Part 1: Quantifiable Benefits from an ERP System


Studies that surveyed manufacturers about the impact of ERP systems on firm performance indicate that company size and industry do not affect the results. Benefits have been indicated for large and small firms, whether they make standard or custom products or are in discrete or process manufacturing environments. This section explains the quantifiable benefits in terms of several areas of improvement. Reprinted from Maximizing Your ERP System by Dr. Scott Hamilton.

erp quantifiable business benefits  of ERP Investments Part 1: Quantifiable Benefits from an ERP System Originally published - February 13, 2004 Justification of ERP Investments* The expected return on investment provides the cost justification and motivation for investing in ERP. There are quantifiable benefits as well as intangible benefits in the ERP investment decision. The quantifiable benefits have a bottom-line impact on profitability, asset turnover, and a potential effect on stock value. This section discusses the Read More

ERP Trivia - Every Why Should Have Its Wherefore Part 1: ERP Trends


We take the liberty to comment on the findings of a report, which was recently released by a renowned research organization, and which pinpoints ERP implementations’ dissatisfactions in no uncertain terms.

erp quantifiable business benefits  with ERP initiatives. Many ERP initiatives are still systems-driven and these are more likely to fail than those that are business led. In addition to a quantifiable business case, businesses are finding that active business leadership in all project phases is another determinant of a high level of ERP satisfaction and it decreases the likelihood of failure. While 24% of survey participants reported no dip in productivity following implementation, 75% experienced a moderate to severe productivity dip. Read More

Business Intelligence Vendors


Current pure play business intelligence (BI) leaders offer the advantage of superior analytics and planning capabilities; however, enterprise resource planning (ERP) vendors are improving their analytic capabilities and accessibility.

erp quantifiable business benefits  moving data from multiple ERP and other transactional source systems to the Geac MPC application. The tool helps to relatively quickly define the mapping profile using either a basic or advanced pattern-matching syntax for one or more data sources; processes the mapping profile, loads the information into the application, and provides an audit trail of the mapping process. OpenLink is designed to work with the most popular and widely deployed ERP and general ledgers on the market. Along these lines, Geac Read More

Oracle E-Business Suite (12.1) for Process ERP Systems Certification Report


Oracle E-Business Suite (12.1) is now TEC Certified for online comparison of process manufacturing enterprise resource planning (ERP) systems 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.

erp quantifiable business benefits  Suite (12.1) for Process ERP Systems If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. TEC specializes in impartial and quantifiable software selection. Our unique Web-based technology allows us to deliver a variety of software evaluation and selection services online, and to deliver results in far less time than traditional consulting engagements. Source: Technology Evaluation Centers Resources Related to TEC Product Certification Read More

Justification of ERP Investments Part Four: Replacing or Re-implementing an ERP System


An investment analysis focusing on enterprise resource planning (ERP) benefits frequently applies to those firms initially justifying an ERP implementation. It can also be used to justify a 're-implementation' when the initial efforts have failed to produce desired results. Reprinted from Maximizing Your ERP System by Dr. Scott Hamilton.

erp quantifiable business benefits  excerpt on Justification of ERP Investments is presented in four parts: Quantifiable benefits from an ERP system The intangible effects of ERP Costs of implementing an ERP system Replacing or re-implementing an ERP system Reprinted with permission of McGraw-Hill. Classifications of ERP Success Several measures have been used to gauge the successful implementation of an ERP system. The impacts on business performance and bottom-line results provide the best measure of success. Another measure of success Read More

IBM Cognos Business Intelligence: Business Intelligence (BI) Competitor Analysis Report


This business intelligence (BI) knowledge base covers a full range of BI functionality. BI applications enable real time, interactive access, analysis, and manipulation of mission-critical corporate information. BI users are able to access and leverage vast amounts of information to analyze relationships and understand trends that support business decisions. This knowledge base covers everything from data mining to analytics, querying, reporting, workflow, and in-depth analysis.

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Explore Your Business at the Speed of Thought


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American Business Systems, Inc.


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erp quantifiable business benefits  for small and medium-sized enterprises. Since the introduction of its first accounting solution for single-user microcomputers in 1980, the firm''s ABS Accounting System has successfully passed Big Six certification standards and today the software is sold internationally with applications available in both English and Spanish. ABS products run on most microcomputers and can be upgraded. The firm is currently focusing on the development and marketing of vertical market products that provide solutions in Read More

Business Process Management Notations within Business Process Management


Business process management notation (BPMN) is an initiative to increase standardization within process modeling. What are the principles of BPMN, and what is the value of BPMN to vendors and organizations using business process modeling?

erp quantifiable business benefits  industry consortium that develops enterprise integration standards. The OMG manages an open, vendor-neutral process which proposes technologies, and invites proposals and feedback from any member company before coming to a consensus on a final specification (which then becomes an adopted standard). Some of the standards the OMG has developed include common object request broker architecture (CORBA), UML, and Internet inter-object request broker protocol (IIOP). Conclusion Standardizing modeling notations Read More

Why Business Intelligence Makes Sense for Midsize Companies


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erp quantifiable business benefits   Read More

W4 BUSINESS FIRST 8.5 for Business Process Management Certification Report


W4 BUSINESS FIRST 8.5 is now TEC Certified for online evaluation of business process management (BPM) solutions in the Enterprise Resource Planning (ERP) 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.

erp quantifiable business benefits  (BPM) solutions in the Enterprise Resource Planning (ERP) 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

Top 10 Must-have Business Phone Features


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erp quantifiable business benefits  Features Small Business or enterprise, some phone system features are must-haves. Not all phone systems are made equal. Some phone system features improve efficiency significantly and help prevent losing business due to business inaccessibility. Investing in these phone system features will ensure a competitive edge for any business. Our guide details top 10 phone system features, and explains why they are indispensible. Read More