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 function of the general ledger accounts


The Role of ERP in Globalization
Globalizing your market reach presents technology and business challenges to profitable growth. Your supply chain strategy for globalization should include an

function of the general ledger accounts  an accounting or administrative function such as purchasing or accounts payable, or a piece of technology shared across multiple enterprise applications. Automate and streamline workflows between suppliers, customers, and manufacturing sites. Standardize ERP implementations across the global enterprise. Table of Contents Executive Summary Key Business Value Findings Implications & Analysis Recommendations for Action Chapter One: Issue at Hand Chapter Two: Key Business Value Findings How Global Are

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Browse RFP templates

Visit the TEC store for RFP templates that can save you weeks and months of requirements gathering, and help ensure the succes of your software selection project.

Browse Now
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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Documents related to » function of the general ledger accounts

Delivering the Business Value of Automating Business Processes to Small and Medium Enterprise


Enterprises of all sizes today face common problems dealing with handling increasing business complexity while reducing costs. The solution continues to be the automation of business processes. SAP is an established leader in addressing the needs of large enterprises. Building on that performance and identified best practices, SAP built and launched SAP Business One. SAP Business One was designed to offer small and medium businesses the same business streamlining and efficiencies at a scale and scope appropriate to their needs. IDC recently interviewed a number of companies that have successfully deployed SAP Business One. The purpose of our interviews was to determine what impact the software had on their productivity and cost reduction.

function of the general ledger accounts  even of a support function, can have a direct impact on a company's revenue. This may take the form of reducing lost revenue or shortening time to market and revenue recognition cycles or creating new products or services. Deployment Because IT products require a deployment period, the full benefits of the product are not available during deployment. To capture the delayed impact of the benefits, IDC prorates the benefit on a monthly basis and then subtracts the deployment time from the first-year Read More

Continuous Data Quality Management: The Cornerstone of Zero-Latency Business Analytics Part 2: One Solution


Most enterprises fight fires with axes, fire hoses, trucks, and hordes of firemen, but the CDQM approach is a smoke detector. It’s far less expensive to put a fire out when it’s just smoldering, rather than to extinguish a blazing house fire and then remodel the entire house.

function of the general ledger accounts  Depending upon the job function of the user, the interface will provide different views of the scorecard. For example, the CIO might be interested in which systems are generating the most quality problems, while a DBA might be interested in table schema changes that have occurred. Event Processor This is an object interface that allows external applications to communicate events of special interest to the CDQM framework. For example, an ETL job might inform the system that a transfer of a file of 225,003 Read More

Evaluating Enterprise Software - Business Process or Feature/Function-Based Approach? All the above, Perhaps? Part Two


There is certainly room to ask the fundamental question of whether the traditional practice of RFI/RFP-based selection processes has been adequate for the task of selecting complex systems. The record indicates there is much room for improvement. In essence, for complex selections like in the case of enterprise applications, the human-machine combination has to work together to drive the solution.

function of the general ledger accounts  human and machine can function effectively together to process information and avoid the pitfalls of past selection processes. This is Part Two of a three-part note. Part One presented an overview. Part Three will discuss the use of knowledge bases and make user recommendations The Value of Combining Both Methods If vendors have their say, as we should expect, each will want to show its software in the best light for the products. In general, that will fall into the following two approaches, 1) focusing Read More

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 started to take on new roles within the enterprise. However, given the current state of the finance function in US companies, companies first need to understand the challenges to finance—and the road map to increasing its strategic capabilities.

function of the general ledger accounts  cost of the finance function as a percentage of revenue (see Figure 5). Shared Services Holds Down Costs Figure 5: One consumer products company made the move toward shared services and gradually improved the performance of the finance function. The company optimized both IT systems and organization. The person in charge of finance shared services consistently improves the function by measuring and tracking improvements. Its transaction center has become largely automated, freeing up finance employees to Read More

Measuring the Success of Lean: Selecting the Best Mileposts for the Never-ending Journey


As manufactures adopt lean principles, the process inevitably involves developing metrics for measuring their progress. But measurements are linked throughout the organization, not just on the manufacturing floor but in accounts payable and other back office processes. This white paper emphasizes the need to focus on strategy deployment.

function of the general ledger accounts  the Success of Lean: Selecting the Best Mileposts for the Never-ending Journey As manufactures adopt lean principles, the process inevitably involves developing metrics for measuring their progress. But measurements are linked throughout the organization, not just on the manufacturing floor but in accounts payable and other back office processes. This white paper emphasizes the need to focus on strategy deployment. Read More

The Versatile Group, Inc.


Founded in 1992, the Versatile Group is a privately held corporation headquartered in Dallas, Texas (US). The company provides business accounting software products that leverage proven technologies. Its customers represent a wide spectrum of business and industries.

function of the general ledger accounts  Versatile Group, Inc. Founded in 1992, the Versatile Group is a privately held corporation headquartered in Dallas, Texas (US). The company provides business accounting software products that leverage proven technologies. Its customers represent a wide spectrum of business and industries. Read More

The Three Cs of Successful Positioning Part Two: The Channel


One of the most effective and efficient ways to develop a successful marketing position for B2B software is to begin with the sales channel, especially if you have limited time and resources.

function of the general ledger accounts  solutions that had more functionality than the prospects needed. The implementations for these products were long, involved, and expensive and customers were lumping our client's software solution together with those solutions. To move around this misperception, we emphasized the benefits of implementing a packaged application that could be deployed fast and was easy to learn and use. Now my client has advertising, marketing, and sales tools that all focused on overcoming the no decision because of the Read More

Managing the Process of Process: Establishing the Right Goals and Improving Operations and Systems to Hit the Mark


North American process manufacturers face increasing challenges related to heightened security, pricing pressures, global competition, and rising costs. Thus, continuous improvement of processes is imperative to remaining competitive. How close is your company to world-class? And how focused are you on process improvement? Find out how get started on a process improvement strategy that will have long-term benefits.

function of the general ledger accounts  the Process of Process: Establishing the Right Goals and Improving Operations and Systems to Hit the Mark North American process manufacturers face increasing challenges related to heightened security, pricing pressures, global competition, and rising costs. Thus, continuous improvement of processes is imperative to remaining competitive. How close is your company to world-class? And how focused are you on process improvement? Find out how get started on a process improvement strategy that will hav Read More

Nurturing the Cloud Ecosystem at the Acumatica Partner Summit 2014—Part Two


At the recent Acumatica Partner Summit 2014, the focus was on the cloud enterprise resource planning (ERP) vendor’s partner ecosystem. In this post, part two of our series on the Partner Summit, we’ll look at Acumatica’s current focus on its partner network and future possibilities for the partner ecosystem.

function of the general ledger accounts  the Cloud Ecosystem at the Acumatica Partner Summit 2014—Part Two At the recent Acumatica Partner Summit 2014 , the focus was on the cloud enterprise resource planning (ERP) vendor’s partner ecosystem. This year was the fourth summit where the Acumatica ecosystem of value added resellers (VARs), independent software vendors (ISVs), and original equipment manufacturers (OEMs) could connect with Acumatica’s executives, learn more about the latest release and product roadmap, and get training Read More

Running and Optimizing the Business of IT: The SAP Best-practices Approach


IT has long been seen as one of the best ways to address the challenges of the business environment. Yet the complexity and rigidity of IT infrastructure keep IT from fully serving the business. IT could better help serve your customers and reduce business costs if it were provided as a service. Find out more about IT service management standards and best practices, with a focus on SAP’s approach to IT optimization.

function of the general ledger accounts  on different technologies. Reporting functionality is also critical, especially when it comes to the continual service improvement stage of the ITIL service life cycle. A powerful ALM platform that monitors change and provides in-depth reports at both the management level and the technical level can help organizations determine the effectiveness of the change processes and make modifications for improvements over time. Enterprise Architecture Many companies have accumulated systems and applications over Read More

Experiencing the Customer Experience: Listening to, Learning from, and Acting on the Voice of the Customer


To ensure a positive customer experience, companies must first learn what their customer values, and then determine how they are measuring up to those values. Obtaining and taking action on customer feedback is what customer experience management is all about.

function of the general ledger accounts  the Customer Experience: Listening to, Learning from, and Acting on the Voice of the Customer There's a new three-letter acronym making the rounds out there—and it's already getting on my nerves. The acronym? CEM. The term? Customer experience management . To be sure, the underlying idea is attractive. There is certainly value in a positive customer experience, and it's worth exploring the many ways in which one might design, optimize, and support this practice. Who's against giving Read More

CRM: The Truth, The Whole Truth And Nothing But The Truth(For A Change)


Finding out the true facts about what makes CRM tick and how fast it circles the ROI clock—if it indeed reaches ROI-has long frustrated potential CRM implementers looking for answers. And getting good answers really matters, because their only alternative to being forewarned may be leaping into enterprise-wide, mega-bucks, change management-laden CRM implementations—and testing the depth of the water with both feet. For the first time, there are statistically-based, substantive answers to many questions about CRM.

function of the general ledger accounts  before customers discover what functionality they really need . Very un-CRM-like, but most software vendors treat CRM system sales as a one-time event. CRM consultants specializing in reengineering individual-level work processes and selecting (often selling) CRM software . Unfortunately, clients need much more support in the strategic areas—building strategies that add value to customers; redesigning department level workflow to carry out new strategies; re-architecting the technology infrastructure Read More

The Transformation of the Lean Enterprise


Over the past 30–40 years, manufacturers have made dramatic leaps in improving their businesses by using lean manufacturing and Six Sigma techniques. The systems these businesses use, however, have changed relatively little in comparison. The ERP systems manufacturing companies rely on to run their business are greatly at odds with the strategy and processes lean manufacturers use to maintain their competitive advantage.

function of the general ledger accounts  Transformation of the Lean Enterprise Over the past 30–40 years, manufacturers have made dramatic leaps in improving their businesses by using lean manufacturing and Six Sigma techniques. The systems these businesses use, however, have changed relatively little in comparison. The ERP systems manufacturing companies rely on to run their business are greatly at odds with the strategy and processes lean manufacturers use to maintain their competitive advantage. Read More