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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

financial decision areas  time for ad hoc financial analysis during the monthly cycle, improving the quality of decision making. According to a survey conducted by Business Objects in partnership with BPM Magazine,2 62% of respondents overwhelmingly saw this as the single biggest benefit for cycle-time reduction (see Figure 1). It's also important not to overlook how the fast close creates a more manageable work-life balance for staff in the accounting department. Quite often, the length of a close cycle is only the tip of the Read More...
PPM for Internal Departments
A business practice that assists organizations to align their portfolio of projects with their business strategy. Typically IT departments employ an IT governance framework to ensure that their PPM...
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Documents related to » financial decision areas


IT Investment Decision Making: Getting to
Many technology sales cycles get bogged down in the IT department. But while it is unlikely that a sale will get anywhere without IT management buy-in, IT

financial decision areas  Final Investment Decision , Financial Investment Decision , Good Investment Decision , Influence Investment Decisions , Informed Investment Decision , Long Term Investment Decision , Make Better Investment Decisions , Make Informed Investment Decisions , Make Investment Decision , Moving Investment Decisions , Optimal Investment Decision , Own Investment Decisions , Optimum Investment Decision , Personal Investment Decisions , Project Investment Decisions . Many technology sales cycles get bogged down in 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

financial decision areas  common reporting to elaborate financial statements for external 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 Read More...
Getting Strategic Planning and Financial Planning in the Same Bailiwick
To provide useful financial insight on projects, financial managers need to think about business strategy more like a series of options than a single projected

financial decision areas  process, technology and/or organization. Financial planning and budgeting fail to take into account the timing and interaction between projects. The consequences can be disastrous as see in the following table. Table 1: Lessons Learned from other Companies Situation Assessment Abandoned its SAP implementation after investing over $20m in the project. Management relized late in the game that the system being implemented would not fit its new, decentralized management model that was believed to be a key sou Read More...
The ASP Decision
The ASP model is the latest in a long line of silver bullets that are supposed to simplify the delivery of technology’s benefits to the business world. This

financial decision areas  years in analytical, sales, financial and IT roles. As a Principal with Technology Contract Solutions (TCS) Mr. Hennigan focuses on helping clients minimize the risk and cost associated with their technology acquisitions. His recent experiences have included the financial analysis of a data center relocation for a major brokerage house, an analysis of the data center hardware and software contract portfolio for a large Midwest healthcare, the negotiation of a multi-year hardware break/fix contract for a Read More...
Oracle E-Business Suite (12.1) for Financial Packages Certification Report
Oracle E-Business Suite (12.1) is now TEC Certified for online comparison of financial packages in TEC's Evaluation Centers. The certification seal is a

financial decision areas  E-Business Suite (12.1) for Financial Packages Certification Report Oracle E-Business Suite (12.1) is now TEC Certified for online comparison of financial packages 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. Read More...
HR System for Banks, Financial Institutions
A multinational bank was looking for a fully integrated human resources (HR) solution to replace its legacy system. To find the right solution, the company

financial decision areas  System for Banks, Financial Institutions Company Profile Industry:   Bank Annual Revenue Range:   $501 million to $1 billion Company Size:   1,001 to 10,000 employees Number of Sites:   41–100 sites Approx. Num Of Users:   26–50 users Region:   Latin America (Mexico, Central America, and South America) North America (Canada and the United States) Project Profile 8  qualified bidders identified 8  RFIs issued Working list: Lawson - S3 Human Capital Management NuView - HR product suite Infor Read More...
Pervasive BI: the Next Step to Superior Decision-Making
Find out in improving organizational decision-making through pervasive business intelligence.

financial decision areas  BI: the Next Step to Superior Decision-Making The body of evidence is growing: business intelligence (BI) and analytics lead to improved performance management and greater organizational competitiveness . That is why so many companies are turning to a solution that extends BI functionality to a wider range of internal and external stakeholders: pervasive BI. But since pervasive BI is more than simply distributing tools and reports to more decision makers, what exactly defines it? And how can you Read More...
CRM for Financial and Insurance Markets
Customer relationship management (CRM) focuses on the retention of customers by collecting data from all customer interactions with a company from all access

financial decision areas  for Financial and Insurance Markets Customer relationship management (CRM) focuses on the retention of customers by collecting data from all customer interactions with a company from all access points (by phone, mail, or Web, or in the field). The company can then use this data for specific business purposes by taking a customer-centric rather than a product-centric approach. CRM applications are front-end tools designed to facilitate the capture, consolidation, analysis, and enterprise-wide Read More...
Acumatica Financial Management Suite
The Acumatica Financial Suite includes a core set of applications that almost every organization uses, including general ledger, cash management, accounts

financial decision areas  Financial Management Suite The Acumatica Financial Suite includes a core set of applications that almost every organization uses, including general ledger, cash management, accounts receivable, accounts payable, tax management, and other functionality. Acumatica financials are designed for companies with complex requirements, but are easy to use in smaller organizations. The modules in the Financial Suite are integrated with each other and also with the other Acumatica suites. Read More...
Align Financial Processes and Systems for Better Business Value and Compliance
Financial business process professionals need to coordinate financial process life cycle activities in order to enhance the value of information within the

financial decision areas  Financial Processes and Systems for Better Business Value and Compliance Financial business process professionals need to coordinate financial process life cycle activities in order to enhance the value of information within the business, and drive better execution of compliance measures. But too often, automation and integration gaps discourage their efforts. Download this report to learn how to integrate and automate these activities, and improve your ability to make strategic and tactical Read More...
Financial Packages RFI/RFP Template
General Ledger, Accounts Payable, Fixed Assets, Cost Accounting, Cash Management, Budgeting, Accounts Receivable, Financial Reporting, Project Accounting

financial decision areas  Management, Budgeting, Accounts Receivable, Financial Reporting, Project Accounting, Product Technology Read More...
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

financial decision areas  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. Read More...
Financial Planning: Mastering the Key Value Drivers
In business, planning plays a fundamental role in analyzing and forecasting key financial data. While forecasting future events is one benefit of planning, it

financial decision areas  analyzing and forecasting key financial data. While forecasting future events is one benefit of planning, it can also be used to achieve a series of objectives, including regulatory compliance. In order to achieve these objectives, companies should consider implementing a unified customer performance management (CPM) solution—one that takes compliance into consideration. Read More...

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