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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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 finance statement purpose finance statement purpose


Is There Much More (Pro)Clarity In Microsoft’s BI Strategy Now? - Part 2
Part 1 of this blog series presented Microsoft’s official position on its recent notable change in business intelligence (BI) product strategy, whereby the

finance statement purpose finance statement purpose  to invest in the finance part any longer. The decision came after the giant likely realizing that it is too hard to catch up with the above-mentioned competition. Microsoft will thus rather focus its efforts to make BI more pervasive by bundling analytics (from former ProClarity ) and scorecards (from the former internally developed Microsoft Office Business Scorecard Manager product) into MOSS. Instead of competing head-on, Microsoft will attempt to outwit the other vendors' BI/BPM platform offerings

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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

Field Service Management (FSM)

Field service management (FSM) software is a set of functionalities for organizations or departments within organizations that have as main focus the intallation, maintanance, reparing, and meter reading for industries relying heaviling on equipment. FSM workers require functionality for customer engagement management, service and asset management as well as workforce management. Since most activities in FSM take place outside of the office, mobility is a big component of the a FSM software solutions. Typically, FSM software is not used as a stand-alone solution, as it needs to integrate with Financials, ERP, CRM and EAM to ensure accurate data exchange. Even if its main purpose is to maintain and repair equipment, it can also be used to gather customer satisfaction and equipment performance feedback. To allocate human resources efficiently, workforce management is an integral part of an FSM system. 

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Documents related to » finance statement purpose finance statement purpose

Meeting the Challenge: Planning for IFRS Conversion


Over 100 countries now require or permit International Financial Reporting Standards (IFRS) reporting. Companies preparing to make this challenging switch will need to focus on technical accounting issues, the differences between IFRS and generally accepted accounting principles (GAAP), and more. Learn about the issues surrounding IFRS adoption and the systems you use to manage and report financial information.

finance statement purpose finance statement purpose  means of depreciation for finance leases and restatement for property. Sage Accpac resolution: When the Sage Accpac fixed asset management solution is engaged, all IFRS fixed asset reporting changes (component accounting, in particular) are handled properly. Issue: Data model changes IFRS could require your company to contemplate data model changes in your valuation system and actuarial models. Sage Accpac resolution: You will have to make decisions regarding valuation systems and actuarial models based Read More

The Profitability Perspective: How Automated Reporting Drives Better Decisions


Driving sustainable growth requires profitability-focused planning and performance management. Most companies have some type of profitability reporting—but many are investing a lot of effort to produce this information. And the limitations to the information companies currently compile may have a significant impact on decision making. Learn how automating profitability reporting can help your company improve decisions.

finance statement purpose finance statement purpose  was prepared manually by finance on an infrequent basis. Organizations find it hard to make the leap from an initiative conducted by just a few employees to making a software investment. This mindset is changing, and organizations are embarking on broader BI reporting strategies and looking at profitability as an element of sustainable management reporting. Solutions on the market have evolved over the past several years, and IDC sees this software segment rapidly evolving into the category of enterprise Read More

Why BI Is Ripe Now for Businesses of Any Size


Businesses of all sizes need real insight into operations and customers—to do their planning, forecasting, modeling, and adjusting based on data that’s current, accurate, and accessible. This is at the core of today’s expanding business intelligence (BI) and enterprise performance management (EPM) markets. Find out more about how BI software or an EMP solution can help you improve your financial analysis and reporting.

finance statement purpose finance statement purpose  opposed to asking the finance department to create reports and get back to them in an hour or a day or however long it used to take. Orchard Supply is also using an Oracle Hyperion Web Analysis tool to create an executive dashboard that provides, among other things, current sales trends, weather forecasts - important for managing inventory in the home improvement industry - as well as other information related to margins and inventory. It also includes an abridged income statement and balance sheet and Read More

Dude, where (and how safe and pristine) is my hosted compensation data?


Sure, anyone observing the enterprise applications market and still naysaying the bright future of the software as a service (SaaS) on-demand deployment model and closely-related Web 2.0 technologies, is in serious denial or similarly delusional. He/she would sound similar to those lost souls that deny even a remote possibility of a global warming and climate changes, but, oops, this is not a

finance statement purpose finance statement purpose  Vice Presidents (VPs) of Finance that SaaS solutions are affordable, safe and effective alternatives to traditional on-premise software, but only to the extent that their service providers (vendors) have the necessary controls and audits in place. It is relatively easy to say Sure, we can do this and that to protect your data , but it is another thing entirely to have those process controls documented, practiced consistently and audited. Enter Centive , the Burlington, Massachusetts, United States Read More

Strategic Profitability Management: an Opportunity for Finance Departments


In Strategic Profitability Management, you'll discover a better approach to profitability management one that allows you to...

finance statement purpose finance statement purpose  Management: an Opportunity for Finance Departments If your company is like most others, profitability management means maximizing revenues and minimizing expenses. But does that produce the best results? You could be cutting costs where investing would be wiser, or putting the wrong focus on the wrong customers. In Strategic Profitability Management , you'll discover a better approach to profitability management—one that allows you to achieve the widest possible margins align profit objectives with Read More

Finance and Accounting Solutions Buyer’s Guide for Small to Medium Enterprises


For large organizations, enterprise resource planning (ERP) systems promise big gains by helping grow revenue and increase productivity. But can ERP benefit small to medium businesses (SMBs) in the same way? This step-by-step guide includes important decision-making considerations, such as benefits and costs, across some of the top finance and accounting solution providers for small to midsize companies.

finance statement purpose finance statement purpose  Resource Planning (ERP) (Wikipedia) Finance Accounting Solutions Buyer's Guide for Small to Medium Enterprises ERP Solution is also known as: erp services , erp solutions , erp solutions provider , erp system , erp planning , erp-based product compliance solutions , advanced erp solutions , erp software development , erp implementations , enterprise resource planning solutions , accounting & finance solutions , erp software applications , erp software solutions , find erp solution , erp systems and Read More

Driver-based Budgets and Forecasting


Line managers and finance staff are frustrated by the inability of spreadsheet-based planning systems to deliver useful budgets and rolling forecasts. A major problem is the disconnect between the operational elements of business and financial plans. What's missing is driver-based planning, a best-practice methodology where financial plans incorporate assumptions about business activities modeled to drive financial data.

finance statement purpose finance statement purpose  Forecasting Line managers and finance staff are frustrated by the inability of spreadsheet-based planning systems to deliver useful budgets and rolling forecasts. A major problem is the disconnect between the operational elements of business and financial plans. What's missing is driver-based planning, a best-practice methodology where financial plans incorporate assumptions about business activities modeled to drive financial data. Read More

Vertica Analytics Platform


The Vertica Analytics Platform was purpose built from the ground up to enable companies to extract value from their data at the speed and scale they need to thrive in today’s economy. Unlike most other data warehouse vendors that are attempting to retrofit 21st century technology into their decades old infrastructure, Vertica was designed and built since its inception for today’s most demanding analytic workloads. Furthermore, each Vertica component is able to take full-advantage of the others by design.    

finance statement purpose finance statement purpose   Read More

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.

finance statement purpose finance statement purpose  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. Read More

Driving Better, Faster Decision Making through Finance


Software can’t tell you how to beat the competition, but it can determine which products and services have the greatest profit margin, who are the most productive employees, or how investments are impacting the bottom line. Knowing that information helps you make the right decisions. This report addresses how finance can create an accurate, actionable 360-degree view of your company

finance statement purpose finance statement purpose  Faster Decision Making through Finance Software can’t tell you how to beat the competition, but it can determine which products and services have the greatest profit margin, who are the most productive employees, or how investments are impacting the bottom line. Knowing that information helps you make the right decisions. This report addresses how finance can create an accurate, actionable 360-degree view of your company Read More

ERP for Fashion Industries


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.

finance statement purpose finance statement purpose  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. Read More

Sales and Operation Planning: Integrate with Finance and Improve Revenue


Sales and operations planning (S&OP) is the key integrated process that the supply chain organization (specifically the vice president of supply chain) can use to achieve visibility across the entire organization and the value chain. This white paper highlights the results of over 220 companies participating in a survey on S&OP initiatives, and compares the views of the supply chain and finance organizations.

finance statement purpose finance statement purpose  Operation Planning: Integrate with Finance and Improve Revenue Sales and operations planning (S&OP) is the key integrated process that the supply chain organization (specifically the vice president of supply chain) can use to achieve visibility across the entire organization and the value chain. This white paper highlights the results of over 220 companies participating in a survey on S&OP initiatives, and compares the views of the supply chain and finance organizations. Read More

SAP Financial Performance Management


Enterprise performance management (EPM) applications for finance, which are part of the SAP BusinessObject EPM solutions, cover the full lifecycle of financial management. The applications integrate enterprise data and processes to streamline traditional finance processes.

finance statement purpose finance statement purpose  processes to streamline traditional finance processes. Read More

Finance as Analytical Partner to the Business


When major economies are constrained, business leaders find their growth engines stuck in low gear. At times like these, financial leaders need to collaborate more closely with their operations counterparts and drive precision in performance management.A 2012 survey by Bloomberg Businessweek Research Services analyzed the views of C-level and line-of-business executives around the world on the drivers of operational performance and the types of new information they are using or considering to improve their financial and operational performance. This research report provides insights, examples, and recommendations on how finance professionals can collaborate effectively with operating managers to find the right strategic edge.

finance statement purpose finance statement purpose  and recommendations on how finance professionals can collaborate effectively with operating managers to find the right strategic edge. Read More