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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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 key finance metrics


The Renewed Finance Function: Extending Performance Management Beyond Finance
The role of the finance team has changed recently, due to increased oversight from regulators, more active investors, and company-specific changes in business

key finance metrics  interviewed for this report Key Findings The role of the finance function is changed by three things: Regulations on the one hand, with competition and investor expectations on the other. As a result, the finance function is pulled in two directions. Most finance executives seem to agree that as the role of the finance professional becomes more strategic, the skills of the new finance employee must become broader much like those of a CEO, without diluting the technical skills of finance's traditional

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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

Process 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, human resources) and include, with varying degrees of acceptance and skill, many solutions that were formerly considered peripheral (product data management (PDM), warehouse management, manufacturing execution system (MES), reporting, etc.). While 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 old adage is "Such a beginning, such an end", and, consequently, many ERP systems' failures could be traced back to a bad software selection. The foundation of any ERP implementation must be a proper exercise of aligning customers' IT technology with their business strategy, and subsequent software selection. This is the perfect time to create the business case and energize the entire organization towards the vision sharing and a buy in, both being the Key Success Factors (KSFs). Yet, these steps are very often neglected despite the amount of expert literature and articles that emphasize their importance.    

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Documents related to » key finance metrics

Human Capital Analytics: The Metrics That Matter


Most organizations are capturing thousands of pieces of data about their employees on a daily basis, but it can be hard to focus on the data that really matters. In this article, TEC research analyst Sherry Fox explores the concept of human capital analytics and pinpoints five key steps for organizations to take to effectively analyze human resources (HR) data and better manage their workforce.

key finance metrics  looking at and the key performance indicators (KPIs) that can help it make better people decisions. What Gets Measured, Gets Managed In order to demonstrate added value to the organization, human resources (HR) executives need access to data that has the same level of timeliness and validity as that provided to their marketing and finance counterparts. Moreover, they need to select the human capital metrics or KPIs that are relevant to the organization and which will provide insight into the human Read More

Reducing Operational Risk of IT Service in Finance


An overview for CIOs of the provision and management of IT services at a level that addresses the risk management issues raised by the Basel Committee's New Capital Accord expected to become effective during 2006. Because of the dependence financial institutions have on IT services, the accord requires adequate provision to assure the availability of these services. Centauri Business Service Manager is presented as the solution: one that allows a CIO to assess current risk levels, measure ongoing risk and support a process of ongoing improvement to reduce this risk. Furthermore, Centauri provides the financial institution with a cost-effective balanced scorecard to improve decision-making.

key finance metrics  international financial system. A key factor in this new definition arises from business disruption and system failure. Proxima Technology provides a software system - Centauri - that addresses this operational risk from an IT perspective. It does so by utilizing Six Sigma practices to quantify, measure, and report on risk. Identified risk is then reduced through a step-wise quality improvement process. Consequently, financial institutions that use Centauri will experience a reduction in operational Read More

Beyond Boundaries: A New Role for Finance in Driving Business Collaboration


The current global economic instability means firms have to quickly adapt to business conditions. This uncertainty may increase companies’ reliance on business alliances to provide as-needed skills, services, and products. To optimize these alliances, finance should enter the discussion as early as possible. Find out where finance’s true value lies when realigning strategic objectives to include business collaboration.

key finance metrics  Mahindra’s Mr. Doshi. A key to successful collaboration is searching for win-win, not win-lose or even win-neutral results, advises one CFO. Someone will tell me, ‘This is a great vendor. We ought to work with them,’ comments Phil Geissinger, executive director of primary-care operations for CMC-NorthEast Physician Network, a North Carolina hospital and clinic. [My response is], ‘Okay, how do you know them?’ ‘Oh. Well I just met them last week at a conference.’ In which case, it is up Read More

Transforming Performance Management in an SAP Environment: Considerations for Finance


Finance professionals who plan, budget, and forecast in an SAP environment always need to drive additional value from their SAP solutions. One of the most pressing challenges is extending SAP functionality with a planning, budgeting, and forecasting solution that offers critical modeling and analytic capabilities for improved financial performance management. Learn how a business intelligence (BI) solution can help.

key finance metrics  planning. Let's examine four key characteristics of planning as a business process and, further, discuss how IBM Cognos 8 Planning extends the value of SAP. Planning is forward-looking The most important characteristic of planning compared to other business processes is that it is forward-looking. Many SAP implementations are designed around legal entities and financial reporting structures, and as such are focused on actuals. In planning and forecasting, however, finance is most often asking: What are Read More

5 Key Steps to Make Field Service Profitable


Is field service seen as a cost center at your business? Providing field service can be a complex process, but that does not have to mean it’s unprofitable. Every field service interaction is an opportunity to not only delight customers, but also increase revenue. Here are 5 easy steps to get your field service organization in the black this year. Accomplish all five and get your field techs, customers, and balance sheet in your favor.

key finance metrics  Key Steps to Make Field Service Profitable Is field service seen as a cost center at your business? Providing field service can be a complex process, but that does not have to mean it’s unprofitable. Every field service interaction is an opportunity to not only delight customers, but also increase revenue. Here are 5 easy steps to get your field service organization in the black this year. Accomplish all five and get your field techs, customers, and balance sheet in your favor. Read More

New Data Triggers for International Supply Chain Finance


Corporations have drastically changed their global supply chain models over a short period. The market is also in the early stages of migrating to data triggered finance, creating opportunities for banks and logistic companies to develop international supply chain finance solutions.

key finance metrics  borrower can capture all key receivable and payment information to create all these reports on the fly. In addition to these main forces, various others are at work, and they are demanding a new way for banks and logistic providers to work together. Supply Chain Finance Trigger Points In our research, we found the market is in the early stages of migrating to data triggered finance. Our study found six trigger points in international supply chain finance, defined as lending to a party based on a Read More

SMB Finance and Accounting Checklist: What You Need to Consider Before You Buy


Making a list and checking it twice is a particularly good practice when picking a finance and accounting software solution. If you don’t find the right product for your company, you’ll just pay for the mistakes on the back end. But first you need to know which features your small to midsize business must have and which you don’t want. Get some tips that will help you create your finance and accounting checklist.

key finance metrics  Finance and Accounting Checklist: What You Need to Consider Before You Buy Making a list and checking it twice is a particularly good practice when picking a finance and accounting software solution. If you don’t find the right product for your company, you’ll just pay for the mistakes on the back end. But first you need to know which features your small to midsize business must have and which you don’t want. Get some tips that will help you create your finance and accounting checklist. Read More

Integrated Benefits Institute Presents IBI Key Health Metrics Dashboard


The Integrated Benefits Institute (IBI), a provider of health and productivity research, measurement, and benchmarking, has developed the IBI Key Health Metrics Dashboard, a solution that tracks 10 key dimensions of workforce health. The solution can collect volumes of data that employers receive from multiple vendors providing health, medical services, and lost-time information to the business. <

key finance metrics  Benefits Institute Presents IBI Key Health Metrics Dashboard The Integrated Benefits Institute (IBI), a provider of health and productivity research, measurement, and benchmarking, has  developed the IBI Key Health Metrics Dashboard , a solution that tracks 10 key dimensions of workforce health. The solution can collect volumes of data that employers receive from multiple vendors providing health, medical services, and lost-time information to the business. With the IBI Key Health Metrics Dashboard Read More

8 Key Plays for Sales Success


In the same way the Internet boom separated winning companies from those left behind, the rise of social and mobile technologies is determining a new generation of industry leaders. Businesses that embrace new tools and technologies are leapfrogging their competitors and seizing market share. Learn best practices for incorporating these new technologies into your daily operations—and explore how to close more sales deals, faster.

key finance metrics  Key Plays for Sales Success In the same way the Internet boom separated winning companies from those left behind, the rise of social and mobile technologies is determining a new generation of industry leaders. Businesses that embrace new tools and technologies are leapfrogging their competitors and seizing market share. Learn best practices for incorporating these new technologies into your daily operations—and explore how to close more sales deals, faster. Read More

Electronic Product Code (EPC): A Key to RFID


The real benefits of radio frequency identification will be achieved, when the integration of the EPC data will be a substantial part for the control of supply chain business processes.

key finance metrics  Product Code (EPC): A Key to RFID Introduction In simple terms, the electronic product code (EPC) is a unique number that identifies a specific item in the supply chain by linking serial numbers to the product information stored in a central database, and which is stored on a radio frequency identification (RFID) tag. Once it is retrieved from the tag, it can be associated with dynamic data such as where an item originated or the date of its production. Users of EPC codes will have to purchase the numbers Read More

Empowering Modern Finance: The CFO as Technology Evangelist


Modern finance is service-oriented and committed to operational excellence. Modern finance leverages analytical expertise to provide management with data-driven insight and forward-looking guidance. This report explores how modern CFOs and finance executives are adopting emerging technologies within their finance functions to enable the development of new capabilities and to transform the role of finance.

key finance metrics  Modern Finance: The CFO as Technology Evangelist Modern finance is service-oriented and committed to operational excellence. Modern finance leverages analytical expertise to provide management with data-driven insight and forward-looking guidance. This report explores how modern CFOs and finance executives are adopting emerging technologies within their finance functions to enable the development of new capabilities and to transform the role of finance. Read More

Finance Transformation and Routine Accounting: Enabling the Corporate Controller’s Role as a Strategic Contributor


The first role of the corporate controller has been to ensure corporate financial controls and—as a distant second—make strategic business contributions. But the installation of on-premise enterprise resource planning (ERP) and accounting software meant that controllers’ roles now involve financial software know-how. To achieve financial transformation, controllers need guidance and practical strategies. Learn more.

key finance metrics  Transformation and Routine Accounting: Enabling the Corporate Controller’s Role as a Strategic Contributor Today's finance and accounting requirements for businesses represent a quantum leap in complexity from what was required even 10 years ago. For growing companies and nonprofit organizations, the high-quality accounting and financial expertise that they require are often beyond their means. Source : Corefino Resources Related to Finance Transformation and Routine Accounting: Enabling the Cor Read More

Social CRM: Key Strategies and Must-have Features


Social CRM has become one of the biggest growth areas in CRM for companies trying to develop a greater understanding of their customers. Social CRM is no longer a “nice to have.” It is an essential component of a CRM solution that helps organizations understand what customers really think, by interacting with them directly and getting involved in the conversation about their own organization. Know the key aspects of social CRM.

key finance metrics  CRM: Key Strategies and Must-have Features Social CRM has become one of the biggest growth areas in CRM for companies trying to develop a greater understanding of their customers. Social CRM is no longer a “nice to have.” It is an essential component of a CRM solution that helps organizations understand what customers really think, by interacting with them directly and getting involved in the conversation about their own organization. Know the key aspects of social CRM. Read More

Finding the Key to Small Manufacturer's Profits - Part 2


Part 1 of this blog series discussed the genesis of ProfitKey International, one of the longest-standing enterprise resource planning (ERP) providers for small to midsize discrete manufacturers that has never been merged with another peer product. After the protracted bankruptcy saga of its former parent company, HALO Technology Holdings, ProfitKey was recently bought out by Phoenix Asset

key finance metrics  the Key to Small Manufacturer's Profits - Part 2 Part 1 of this blog series discussed the genesis of ProfitKey International , one of the longest-standing  enterprise resource planning (ERP)  providers for small to midsize discrete manufacturers that has never been merged with another peer product. After the protracted bankruptcy saga of its former parent company, HALO Technology Holdings , ProfitKey was recently bought out by Phoenix Asset Management , and is now keen on starting a new chapter. Read More