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Software Functionality Revealed in Detail
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 implementing financial


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

implementing financial  provides a basis for implementing numerous quick wins as well as driving wider financial transformation where appropriate. The following points are important when considering the role of a consolidation application in a fast, high-quality financial close process. Data Entry and Validation Integration with source systems to improve the way data enters the system is only half the battle. Data coming into performance management applications also needs to be checked and filtered intelligently based on the

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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

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 » implementing financial

Employee Fraud within Financial Services


Financial service institutions spend thousands of dollars every year on securing their networks from external breaches, but often fail to think about possible internal threats. Employee fraud has become a growing problem in the financial sector—one that many institutions are not fully prepared to handle. Implementing automated detection technologies, however, can be their first line of defense to eradicating this problem.

implementing financial  fully prepared to handle. Implementing automated detection technologies, however, can be their first line of defense to eradicating this problem. Read More

Keys to Implementing Project Portfolio Management


Project portfolio management (PPM) is a tool-supported process for optimally managing an organization’s “portfolio” of projects. And although PPM can provide real value, many organizations are finding PPM implementations difficult. However, there are key approaches that can increase your likelihood of success, as well as an effective step-by-step process for implementing PPM within your organization.

implementing financial  will be successful in implementing PPM. However, having observed many organizations at various stages of the process, I have concluded that there are 8 keys to success: (1) embrace the principles involved, (2) choose an approach that fits, (3) secure executive support, (4) establish governance, (5) create a value-measurement framework, (6) implement effective processes, (7) institutionalize essential capabilities, and (8) follow a road map. 1. Embrace PPM Principles PPM is not just another project Read More

Enterprise Performance Management: Financial Excellence and Beyond


Financial performance management—often categorized as one aspect of enterprise performance management—can help chief financial officers (CFOs) maximize their companies’ profitability, protect against non-compliance, and optimize efficiency by ensuring delivery of information when it is needed, in context. Learn more about a solution that can help you adapt to rapid business change and predict future financial performance.

implementing financial  this new role, including: Implementing enterprise-wide, effective change management to set the foundation for performance measurement Enabling strategic direction to be defined and monitored on an ongoing basis Optimizing strategic planning execution and profitability management Promoting collaboration across the organization on initiatives, plans, budgets, and intelligently managing resources while focusing on initiatives critical to corporate strategy Working with the CIO and business managers to Read More

Justification of ERP Investments Part Four: Replacing or Re-implementing an ERP System


An investment analysis focusing on enterprise resource planning (ERP) benefits frequently applies to those firms initially justifying an ERP implementation. It can also be used to justify a 're-implementation' when the initial efforts have failed to produce desired results. Reprinted from Maximizing Your ERP System by Dr. Scott Hamilton.

implementing financial  of ERP Costs of implementing an ERP system Replacing or re-implementing an ERP system Reprinted with permission of McGraw-Hill. Classifications of ERP Success Several measures have been used to gauge the successful implementation of an ERP system. The impacts on business performance and bottom-line results provide the best measure of success. Another measure of success is the degree to which the formal ERP system is used to run the business. Four classifications -termed Class A through Class D--have Read More

Is Your Financial Transaction Secure?


The FDIC imposes IT integrity ratings on financial institutions. These ratings are known as URSIT ratings and are not disclosed to the public. There is no easy discernable way to know how safe your on-line transactions are.

implementing financial  Your Financial Transaction Secure? Event Summary You want to start doing on-line banking but you keep hearing about information security incidents that make you skeptical of the process. How do you know if your financial institution has done due diligence to protect your assets from wily hackers, cavalier administrators, and other information technology sepulchers? If a large sum of money disappeared from your account, and banking records indicated that you made the withdrawal, but you know you didn't, Read More

iScala: Financial Packages Competitor Analysis Report


This financial software knowledge base anticipates as many factors as possible to establish your selection criteria for general ledger, accounts payable and receivable, reporting, and other bookkeeping requirements. This knowledge base in particular, offers a view on enterprise financial packages, which can complement an existing ERP system.

implementing financial  Financial Packages Competitor Analysis Report This financial software knowledge base anticipates as many factors as possible to establish your selection criteria for general ledger, accounts payable and receivable, reporting, and other bookkeeping requirements. This knowledge base in particular, offers a view on enterprise financial packages, which can complement an existing ERP system. Read More

Implementing Document Workflow Processes


Any process that takes place involves workflow. Whether that process is limited to a single individual or multiple people, a series of steps is completed during the workflow process. How can you streamline the document workflow process? Review workflow related to document processes in a business environment and discover improvements that can enhance the efficiency of these processes using document management technology.

implementing financial  Document Workflow Processes Any process that takes place involves workflow. Whether that process is limited to a single individual or multiple people, a series of steps is completed during the workflow process. How can you streamline the document workflow process? Review workflow related to document processes in a business environment and discover improvements that can enhance the efficiency of these processes using document management technology. Read More

Checklist: Choosing the Right Financial Services Vendor


Today’s economic environment requires you to evaluate whether your current financial institution is in it for the long haul and can offer the full breadth of services that you may need. Many of these vital services can be delivered from one source—your bank. Your primary concern in selecting a financial services institution should be the security of your assets and data. Find out what to look for, and what to avoid.

implementing financial  Choosing the Right Financial Services Vendor Today’s economic environment requires you to evaluate whether your current financial institution is in it for the long haul and can offer the full breadth of services that you may need. Many of these vital services can be delivered from one source—your bank. Your primary concern in selecting a financial services institution should be the security of your assets and data. Find out what to look for, and what to avoid. Read More

FAXCOM in Financial Services: Optimizing Business Workflow


Fax servers are essential for the financial services industry. Their reliability and security help transmit financial information quickly and safely. Financial institutions, however, also have workflow and document needs due to lots of back-office paperwork. Luckily, there are fax servers on the market that help financial institutions optimize workflow and business processes—organizing and reducing paperwork backlog.

implementing financial  in Financial Services: Optimizing Business Workflow Fax servers are essential for the financial services industry. Their reliability and security help transmit financial information quickly and safely. Financial institutions, however, also have workflow and document needs due to lots of back-office paperwork. Luckily, there are fax servers on the market that help financial institutions optimize workflow and business processes—organizing and reducing paperwork backlog. Read More

Throw Away Your Financial Statements: Managing by Metrics


Analyzing static, detailed financial statements has been the modus operandi for hundreds of years. Because many business management systems can isolate and create graphics of key performance indicators (KPI), businesses should now concentrate on KPIs, which influence profitability.

implementing financial  Away Your Financial Statements: Managing by Metrics Originally published - September 15, 2005 Introduction Accounting systems have always had two primary goals: track information in detail and generate financial and operational reports. Until recently it has not been technologically possible to do anything else., except process information, create invoices, pay invoices, pay employees, track costs, and generate financial statements at the end of the month. That's fine, but the problem is that Read More

Implementing Basel II in the Compliance Continuum


Banks can benefit enormously from understanding the various stages of the Basel II compliance program, as identified by i-flex. Banks today are discovering problems as they stumble along the path to compliance. However, if they can benchmark themselves on which stage they fall in along the continuum, and buckle themselves for the challenges that lie ahead, they will have greater success towards Basel II compliance, and enjoy the benefits of maintaining reduced capital.

implementing financial  Basel II in the Compliance Continuum Banks can benefit enormously from understanding the various stages of the Basel II compliance program, as identified by i-flex. Banks today are discovering problems as they stumble along the path to compliance. However, if they can benchmark themselves on which stage they fall in along the continuum, and buckle themselves for the challenges that lie ahead, they will have greater success towards Basel II compliance, and enjoy the benefits of maintaining Read More

Financial Packages RFI/RFP Template


General Ledger, Accounts Payable, Fixed Assets, Cost Accounting, Cash Management, Budgeting, Accounts Receivable, Financial Reporting, Project Accounting, Product Technology

implementing financial  Packages RFI/RFP Template The Financial Packages RFI/RFP Template lists and describes 1388 features and functions found in Financial Packages software solutions. This Financial Packages Template can help you save time, control costs, and communicate clearly with vendors at nearly every stage of your Financial Packages software selection projects. Features and functions included in this Financial Packages Template: General Ledger Accounts Payable Fixed Assets Cost Accounting Cash Management Read More

A Pocket Guide for Financial Services


You've made the effort and created a great brand—but how do you ensure it stays intact as you diversify across multiple marketing channels, and product and service lines? Combining Web operations into an integrated marketing tool for acquisition, retention, and cross-sell can provide your company with many benefits. Learn how with 7 tips for centralizing your Web management strategy with a content management system (CMS).

implementing financial  Pocket Guide for Financial Services You've made the effort and created a great brand—but how do you ensure it stays intact as you diversify across multiple marketing channels, and product and service lines? Combining Web operations into an integrated marketing tool for acquisition, retention, and cross-sell can provide your company with many benefits. Learn how with 7 tips for centralizing your Web management strategy with a content management system (CMS). Read More

Operational Guide to Implementing Lean in Distribution


This whitepaper is a guide for distributors on implementing and integrating lean practices into their businesses. Lean is not just a tool, but also is a culture, philosophy, process, and methodology. A main goal in becoming more lean, to become more efficient and profitable at every iteration, can be brought about in ways such as analyzing end-to-end processes and determining how to deliver more with less and becoming more organized. Improved results from lean distribution can include increased profits, improved delivery performance, better customer satisfaction and supplier relations, and shorter lead times.

implementing financial  Guide to Implementing Lean in Distribution This whitepaper is a guide for distributors on implementing and integrating lean practices into their businesses. Lean is not just a tool, but also is a culture, philosophy, process, and methodology. A main goal in becoming more lean, to become more efficient and profitable at every iteration, can be brought about in ways such as analyzing end-to-end processes and determining how to deliver more with less and becoming more organized. Improved results Read More