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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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 functional requirements banking


The Evolution of Enterprise Resource Planning Includes Service Industries
Enterprise resource planning (ERP) vendors have extended their functionality to service vertical markets in the service industry. As a result, ERP for services

functional requirements banking  first identify the primary functional requirements relevant to their businesses in order to accurately assess the solutions available in the marketplace. Organizations looking to find the missing links between their financial systems and their industry-specific requirements should still consider a best-of-breed vendor that has extensive experience in its vertical market. In most cases, these vendors have built offerings that integrate with disparate systems and that adequately consolidate the business

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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

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 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 dissemination of data from existing and potential customers. This process occurs throughout the marketing, sales, and service stages, with the objective of better understanding one’s customers and anticipating their interest in an enterprise’s products or services.  

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Documents related to » functional requirements banking

Should Your Software Selection Process Have a Proof of Concept? Part Two: Advantages, Disadvantages, and Conclusion


A proof of concept (POC) should be completed as part of the selection process when the risk of project failure is comparatively high. Risk can be measured by two key variables. These variables are complexity of requirements and level of expertise of the selection/implementation team. The more complex the system requirements, the greater the benefit obtained from a POC.

functional requirements banking  implementation process Identification of functional gaps or overselling Better understanding of investment required. More accurate scoping provides a better understanding of the investment required to complete the implementation. Evaluation of the implementation partner. The POC process allows the client to evaluate the software and also the implementation partner. There are also limitations of the POC that should be noted. These are Commercial flexibility. The flexibility incorporated into some POC Read More

Customer Life Cycle Solutions: Strategic Alliances, Challenges, & User Recommendations


Collaboration between Amdocs and SAS, if truly committed to by both, should make it possible to collect and analyze information stored in these Amdocs' systems, and deliver the conclusions and recommendations to the operator's decision-makers in the form of graphs and practical reports.

functional requirements banking  that would be more functional compared to what larger suite vendors can provide. However, that has not happened. Moreover, the fact that Unica lacked interest in acquiring its former foe further indicates how difficult it is for any acquirer to continue to enhance Xchange's platform. Amdocs has long been a strong leader in customer care and billing applications. With the Xchange acquisition (following its acquisition of Clarify), it could have theoretically positioned itself as an almost complete CRM Read More

TradeBeam Keeps on Rounding Out Its GTM Set


TradeBeam strategic expansion, which covers the entire life cycle of global trade across order, logistics and financial settlement activities, seeks to improve operating efficiencies and working capital.

functional requirements banking  business process. Their basic functional components are trade documentation generation and transmission, and regulatory compliance validation, and include a complex exchange of information between multiple entities. Among these entries are suppliers, carriers, freight forwarders, customs brokers, banking institutions, and other third party transportation and storage providers. A true ITL/GTM system is, in effect, an inter-enterprise resource management system, and requires a data model that takes into Read More

i2 Technologies at the Front of the Supply Chain


i2 Technologies is the largest and fastest growing vendor of supply chain management software with $456 million in revenue over the last twelve months and a 48% average growth rate over the last five years. Fueled by a powerful sales and marketing machine and corporate development strategy, i2 will maintain its lead through Y2K and beyond.

functional requirements banking  a wide variety of functional requirements and business rules through its custom modeling language, OIL (Object Integration Language). Also, i2 offers a series of vertical industry templates, which allow customers to jump start their modeling effort. Fig. 2 Vendor Challenges Delivering on vision: While able to conceive and articulate architectural visions, i2 has been less successful at delivering fully developed, bug-free applications to support them. Clients and third-party integrators often discover Read More

Diagnosing Requirements Failure: A Benchmark Report


According to an IAG survey, 70 percent of companies lack the fundamental competencies within business requirements discovery to consistently bring in projects on time and on budget. Why do so many fall short in properly diagnosing their requirements failures? Discover how placing a greater focus on the combined aspects of business requirements—people, process, and tools—can provide better project outcomes.

functional requirements banking  delivering beyond the original functionality specification. IT-managed requirements analysis: Generally performed better on budget and time than the non-IT business analysts, but delivered less functionality than was expected by the business. Jointly owned requirements analysis: This was found to be the optimal approach, with the lowest overall time and budget expenditure and generally on-target application delivery. Who Owned Primary Responsibility for Requirements? Budget % of target Time % of target Read More

The Role of Sales Training Requirements Definition and Requests for Proposals in the Success of Technology Companies


The first step in choosing an effectiveness service provider (ESP) that best meets your company's needs is to develop a requirements definition. When used as a request for proposal, the requirements definition can be a powerful evaluation and negotiation tool.

functional requirements banking  Role of Sales Training Requirements Definition and Requests for Proposals in the Success of Technology Companies Introduction Sales training is a critical component contributing to the success of most technology companies. For sales and training executives and managers, assessing and selecting from among the many sales training and methodology providers can be a daunting task. However, sales training is a significant (and, from a financial reporting standpoint, often a financially material ) Read More

Retail Market Dynamics for Software Vendors Part One: Software Requirements for Retail


Although the retail and wholesale customers have typically invested a low proportion of their total revenues in information technology, retail industry leaders have begun to demonstrate an ability to achieve market advantage through the effective use of specialized enterprise applications. As a result, the requirement for all retailers to increase their investment in IT and adopt best practices has thus grown.

functional requirements banking  changes, grocers have additional functional requests for the applications that would help them track on-sales velocity, spoilage, and the profitability of all items. On the other hand, the fashion and apparel industry also has abundant challenges. Enterprises are challenged to remain competitive in this fast-moving, volatile environment by gaining control over inventories and costs, enhancing efficiencies and slim margins. Some of the more specific business, marketing, and operational challenges include Read More

Selecting a PLM Vendor


PLM enterprise applications should not be selected in a vacuum. The needs and requirements of multiple departments and even business partners must be represented in the documented requirements and also on the selection team, which should attempt to examine different functions and methods involved in critical areas.

functional requirements banking  should weigh the deeper functional depth of best of breed vendors against the value of pre-integrated solutions from their ERP providers. However, do not automatically assume that the solution from your ERP vendor is integrated. Integration, particularly business level integration of concepts and semantics, is difficult work for your vendor as for you. Look for tight alignment and strategic investment from your ERP vendor. About the Authors Predrag Jakovljevic is a research director with Technology Evalua Read More

Fatal Flaws in ERP Software Create Opportunity for Niche Software in CPG Companies


ERP software may fail to meet critical business requirements. When companies find that their ERP doesn't meet all of their business requirements, they should investigate niche software vendors who are focused on fixing fatal flaws. This paper discusses one of the potential fatal flaw areas in the CPG industry.

functional requirements banking  significant differences in the functional requirements for CPG/TPM software . Companies that have identified a fatal flaw in their ERP usually have very specific requirements for the functionality they need. Dean Abrams, the Senior Vice President Sales and Marketing for Carrollton Texas (US) which is a sales information vendor information retrieval methods (IRM), which provides sales promotion software to the CPG and foodservice industries, finds that in a specialized software niche, there is a fine li Read More

Leveraging Change Control to Meet PCI Requirements


Identity theft and credit card fraud affect all businesses—and the problem is only getting worse. In order to combat these threats, credit card companies have joined forces to introduce the Payment Card Industry Data Security Standard (PCI DSS). For financial institutions, complying with PCI DSS by using real-time monitoring and selective enforcement software can help to relieve the burden of unauthorized changes.

functional requirements banking  Change Control to Meet PCI Requirements Identity theft and credit card fraud affect all businesses—and the problem is only getting worse. In order to combat these threats, credit card companies have joined forces to introduce the Payment Card Industry Data Security Standard (PCI DSS). For financial institutions, complying with PCI DSS by using real-time monitoring and selective enforcement software can help to relieve the burden of unauthorized changes. Read More

Meet PCI DSS Compliance Requirements for Test Data with Data Masking


Whether you’re working toward your first or your next payment card industry (PCI) data security standard (DSS) audit, you know compliance is measured on a sliding scale. But full compliance can’t be achieved with just one policy or technology. Using data masking, a technology that alters sensitive information while preserving realism, production data can be eliminated from testing and development environments. Learn more.

functional requirements banking  PCI DSS Compliance Requirements for Test Data with Data Masking Whether you’re working toward your first or your next payment card industry (PCI) data security standard (DSS) audit, you know compliance is measured on a sliding scale. But full compliance can’t be achieved with just one policy or technology. Using data masking, a technology that alters sensitive information while preserving realism, production data can be eliminated from testing and development environments. Learn more. Read More

ERP Selection Series: Requirements for an FDA-regulated Environment


The FDA imposes strict process controls on food and pharmaceutical manufacturers for good reason. Consequences of mistakes are hefty—ranging from costly recalls and lawsuits to illness and death. Food and pharmaceutical manufacturers need to keep profitability high while maintaining strict quality-control standards. See how your ERP software can make the difference between process control and business-crippling process instability.

functional requirements banking  Selection Series: Requirements for an FDA-regulated Environment The FDA imposes strict process controls on food and pharmaceutical manufacturers for good reason. Consequences of mistakes are hefty—ranging from costly recalls and lawsuits to illness and death. Food and pharmaceutical manufacturers need to keep profitability high while maintaining strict quality-control standards. See how your ERP software can make the difference between process control and business-crippling process instability. Read More

Risk Mitigation and Functional Requirements in Dynamic Compliance Environments


Risk, risk mitigation, and accountability are at the center of several key industry regulations and are factored into all forms of financial and operational metrics. Learn how enterprise software can be used to develop strong models using balanced planning to mitigate risk.

functional requirements banking  Mitigation and Functional Requirements in Dynamic Compliance Environments Risk, risk mitigation, and accountability are at the center of several key industry regulations and are factored into all forms of financial and operational metrics. Learn how enterprise software can be used to develop strong models using balanced planning to mitigate risk. Read More