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The State of the Art in Finance
Thanks to recent accounting scandals and an increasingly competitive environment, many chief financial officers and the finance organizations they lead have

example of a financial flow chart online  the data collection AN EXAMPLE OF A STRATEGIC FINANCE FUNCTION A global consumer products company has created highly successful strategic finance functions based on a four-phase approach and using software from SAP. The end point: complete transparency of financial data across all global divisions. The CFO believes that cash generation is the lifeblood of a consumer products company, affecting all parts of the organization. Cash, in fact, is the barometer of the success of the company's brand-building Read More...
Financial Packages
Financial packages encompass modules for bookkeeping and making sure that accounts are paid or received on time.
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Documents related to » example of a financial flow chart online


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

example of a financial flow chart online  and increase staff availability. Examples of key processes that can be automated include intercompany matching and elimination, consolidation of entries, currency conversion, ownership and control calculations for minority interests, equity elimination, cash flow, and GAAP conversions. Lack of automation and guided workflow also adds to the issues associated with staff that may be unfamiliar with business processes and reporting systems. Weak Audit Trails Not only an issue during the close process where Read More...
Front-to-back-office Integration: Improving Your Customer Life Cycle Management
Research shows that back-office connectivity is not addressed by many customer relationship management (CRM) solutions@meaning, customer data cannot be shared

example of a financial flow chart online  (diagram below) is an example of where these issues can arise: Given the number of potential parties involved in the quote-to-cash cycle including account management, sales order processing, shipping, and accounts receivable errors or omissions at any stage in the process can be costly and time-consuming. Additionally, front-office staff, such as account managers or customer service agents, may struggle to provide order status updates to their customers because of limited visibility to the transactional Read More...
Not Small Change: World-class Financial Automation Delivers Dramatic Benefits
Automating finance processes@such as closing the books, reporting, and other labor-intensive processes@reduces finance costs. By streamlining financial

example of a financial flow chart online  Inc. is an excellent example of how automation can help achieve this goal. It takes the Minneapolis-based food producer 15 days to complete the monthly external consolidation reporting because of sparse or inconsistent data and too many people making too many entries. By summer 2007, however, General Mills expects to cut its consolidation time in half the first phase in the company s reporting makeover. Ultimately, reducing risk and strengthening control were the real drivers to our process change, Read More...
Data, Data Everywhere: A Special Report on Managing Information
The quantity of information in the world is soaring. Merely keeping up with, and storing new information is difficult enough. Analyzing it, to spot patterns and

example of a financial flow chart online  the internet economy. One example is Google's search engine, which is partly guided by the number of clicks on an item to help determine its relevance to a search query. If the eighth listing for a search term is the one most people go to, the algorithm puts it higher up. As the world is becoming increasingly digital, aggregating and analysing data is likely to bring huge benefits in other fields as well. For example, Mr Mundie of Microsoft and Eric Schmidt, the boss of Google, sit on a presidential task Read More...
The Benefits of a Software Selection Project-Even when Management Imposes a Decision
The Project Delivery Group (PDG) here at Technology Evaluation Centers (TEC) works closely with our clients to assist and guide them through the process of

example of a financial flow chart online  Benefits of a Software Selection Project-Even when Management Imposes a Decision The Project Delivery Group (PDG) here at Technology Evaluation Centers (TEC) works closely with our clients to assist and guide them through the process of evaluating and selecting their business software solutions. Over the years, this group has witnessed the multitude of issues and hurdles that can arise—oftentimes unexpectedly—during those selections and has become adept at helping its clients work through various Read More...
A Tale of a Few Good SCM Players - Part 4
Part 1 of this blog post series followed the genesis of Manhattan Associates from its inception in 1990 throughout the mid-2000s. During this time, Manhattan

example of a financial flow chart online  Tale of a Few Good SCM Players - Part 4 Part 1 of this blog post series  followed the genesis of  Manhattan Associates  from its inception in 1990 throughout the mid-2000s. During this time, Manhattan Associates was the epitome of an impeccable  supply chain management (SCM)  software company in terms of market share, growth, profitability, and its product capabilities. Indeed, the company set the industry standard for the supply chain execution (SCE) space and was the envy of its competitors. But Read More...
Managing Cash Flow in Times of Crisis
Today’s critical cash-flow and liquidity concerns are demanding executive-level attention. Turmoil in the financial markets is leaving many companies struggling

example of a financial flow chart online  Cash Flow in Times of Crisis Today’s critical cash-flow and liquidity concerns are demanding executive-level attention. Turmoil in the financial markets is leaving many companies struggling to ensure the cash flow and liquidity needed for normal operations. Learn about software solutions that can help your company protect its commercial cash flows, improve visibility into sources and uses of cash, and increase control over global cash balances. Read More...
Move from a
While the role of IT in product development and sales has increased tremendously, a disconnect remains between the IT and business sides of an organization

example of a financial flow chart online  from a Cost Center to a Game Changer While the role of IT in product development and sales has increased tremendously, a disconnect remains between the IT and business sides of an organization. Some organizations also incorrectly believe that IT spend does not add direct value to the business and hence is not justified. The onus is on IT to mend this perception by delivering tangible business value. Learn how. Read More...
Pragmatist's Guide: Building a Business Case for a Formula-based ERP
If you're a process manufacturer taking a close look at the option of acquiring an enterprise resource planning (ERP) solution, you may be finding that you're

example of a financial flow chart online  s Guide: Building a Business Case for a Formula-based ERP If you're a process manufacturer taking a close look at the option of acquiring an enterprise resource planning (ERP) solution, you may be finding that you're faced with a bewildering array of options, technologies, and applications. What should you look for, and which business issues do you need to address to position your acquisition-and implementation-for maximum success? Download this report to find out. Read More...
SAS Financial Intelligence
SAS financial intelligence provides capabilities for the finance department, built on a single platform. Capabilities include integration and cleansing of

example of a financial flow chart online  Financial Intelligence SAS financial intelligence provides capabilities for the finance department, built on a single platform. Capabilities include integration and cleansing of all financial data, budgeting, forecasting, scorecarding, simulation, risk management, and more. Read More...
Financial Reporting-Who Needs It?
Solid financial reporting applications are as different from run-of-the-mill reporting tools as financial accountancy is from bookkeeping. Organizations

example of a financial flow chart online  users, such as, for example, decision makers, stakeholders, and suppliers. These users also have some rights—legal or moral—to access certain financial information about an organization, but generally have to rely on negotiation or specific regulations to obtain it. Financial reporting applications can support the process of data summarization for the benefit of external users, while helping organizations to share information as necessary and comply with disclosure requirements. These tools can also 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

example of a financial flow chart online  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. Read More...
Leveraging Technology to Maintain a Competitive Edge During Tough Economic Times -- A Panel Discussion Analyzed Part Six: Custom Development and Single-Vendor versus Multi-Vendor
As componentization and Web services mature, packaged software will be less rigid and easier to adjust to unique practices-- thereby gaining some of the benefit

example of a financial flow chart online  pay an invoice, for example because there are a number of common, best practices that are effective and standardized horizontally across industries. However, when enterprises are trying to do something unique, and there is no good packaged software, they will have to develop custom applications. One example to justify custom development is a TV shopping channel provider. With only a few other companies playing in that sandbox, no vendor could justify developing software for this limited marketplace. Read More...

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