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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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 peoplesoft financial systems compare oracle


PeopleSoft - Are Business Intelligence and e-Commerce Enough?
PeopleSoft is currently developing the PeopleSoft Business Network (PSBN), which should incorporate business transactions, knowledge and analytical tools within

peoplesoft financial systems compare oracle  approx. 3000 customers worldwide. PeopleSoft has offices in 18 countries and over 6,600 employees. The Company's revenue primarily comes from US and Canadian markets (approx. 86%). Fig. 1 Vendor Strengths Regarded as one of the best and the most comprehensive HRMS applications available, particularly in terms of user friendliness, flexibility and speed of implementation, with a continued heavy investment in R&D (17% of total revenue, 19% of total workforce); Very strong and complete vertical industry

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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 » peoplesoft financial systems compare oracle

PeopleSoft - Catching Its Second Wind From The Internet Part 2: Strengths and Challenges


PeopleSoft invested two years and over a half billion dollars to develop new Internet-based enterprise applications. It now has a pure Internet platform a new set of products and a new assertive attitude. This part examines the strengths and challenges PeopleSoft now faces in today’s cutthroat competitive environment.

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Enterprise Financial Application Software: How Some of the Big ERP Vendors Stack Up


Contrary to what vendors may contend, not all of them are able to supply a cost effective solution that satisfies the critical requirements of an organization. In this case study from a recent selection engagement for a large series book publisher, we size up Oracle, JD Edwards, PeopleSoft, and Lawson in terms of corporate viability, vision, product functionality, technology, and cost.

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Global IT Evaluator Teams Up with Leading, National Consultancy to Help Businesses Compare Software Better


Access Enterprise Solutions (AES) and Technology Evaluation Centers (TEC) announce the launch of a new alliance that will provide customer-centric, locally focused, value-added business solutions for those seeking IT and ERP functional and technical expertise, supported by impartial analyst-vetted software selection assessments.

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Smaller Vendors Can Still Provide Relevant Business Systems Part Five: Challenges and User Recommendations


Having to deliver a number of functionalities through third-party solutions, which are natively offered by many larger competitors, may deter some interface-wary customers. Thus, Relevant should try to provide as many third-party solutions as possible as a standard configuration, which should make customers oblivious to the origin of the module.

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COSS Systems


COSS Systems offers a range of manufacturing software for small to mid-sized companies. It provides software, which assists companies to improve their data flow with the intention of increasing profitability, optimizing resource usage, and lowering the cost of growth. Primarily designed for make-to-order, make-to-stock, job shop, and custom manufacturers with various configurations, the company's software has features to support mixed mode and production manufacturing. COSS Systems is headquartered in Ontario, Canada and was formed in 1992.

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TEC 2012 Financial Software Packages for Medium and Large Enterprises Buyer's Guide


Accounting and financial management is one of the most mature enterprise software markets, but that doesn’t mean it’s stopped evolving. TEC analyst Aleksey Osintsev walks you through the latest developments in financials and accounting solutions and looks at how trends like cloud computing, mobility, and social media are reshaping the industry. The guide also includes feature lists, vendor comparison charts, thought leadership from industry experts, and real-world case studies.

Accounting and financial management software is among the first software applications to have been adopted by organizations of all sizes and in all types of industries. In fact, the software has been around almost as long as computers have been in use. As the general concepts and principles of accounting follow objective, rational rules, it was relatively easy to develop accounting packages and to have them gain quick and widespread acceptance within the business community as a powerful tool for managing the financial activities of a business unit or entire organization. It’s hard to imagine that any company or governmental organization today could function without an accounting package in place— from micro businesses with a few users to national governments and global multinational enterprises with hundreds of users performing accounting and financial management work on a daily basis. With ample experience in accounting software, today’s tech-savvy financial managers and controllers are looking for software that not only is capable of performing accounting transactions and generating a standard set of quarterly and annual reports, but also is flexible enough to absorb and accommodate changes in the economy, business realities, and technological trends; is sufficiently rich and scalable to address a number of daily operations challenges; and is easy to work with. This buyer’s guide examines the major issues that medium and large businesses experience with financial and accounting processes, and looks at what various solutions can offer to mitigate those problems.


Table of Contents


Financial Software Packages for Medium and Large Enterprises

State of the Market

Evaluating Accounting and Financial Software

Conclusion

Vendor Solutions


TEC Resources for Financial Software Packages

Casebook

Acumatica Customer Success Story : Acumatica Reduces Time and Cost of Producing and Distributing Reports with a Consolidation Solution

Cougar Mountain Software Customer Success Story: Noah’s Restaurant

Microsoft Dynamics AX and Ignify Customer Success Story: Consumer Electronics Distributor Automates Processes and Improves Worker Productivity with Microsoft Dynamics AX

Pronto Customer Success Story: Hobart Canada—Developing a Recipe for Success

Sage ERP X3 Customer Success Story: Carson Home Accents Improves Service and Cuts Overhead Using Sage ERP X3

Sage ERP Solutions White Paper: Transforming Finance into a Strategic Resource

SYSPRO ERP Software Customer Success Story: Annabelle Candy Finds Sweet Success with SYSPRO ERP Software

UNIT4 Customer Success Story: UNIT4’s Coda Financials Solution Preferred by GSO Group over Incumbent ERP Solution


TEC Partners Resource Directory

Vendor Directory


Download the full copy of the TEC 2012 Financial Software Packages Buyer’s Guide for medium and large businesses.



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Issues Faced by Accounting Departments


As accounting and financial departments and associated business processes are an inherent part of any commercial or non-commercial organization, these departments face the same challenges as the rest of the company—a need to keep the business competitive and respond to tough competition during difficult economic times, attract and retain customers, provide an extremely high customer support and service level, constantly review and improve business processes, and many others. At the same time, accountants experience challenges and business pains owing to their specific accounting and financial management processes and tasks. Following is a list of major challenges and issues faced by accounting and financial departments with regard to these processes and procedures.

  • Accounting and financial activities and internal processes must conform to various types of standards and rules, from international regulations such as the Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) to local or even municipal requirements. This is exacerbated by confusing taxation and reporting regulations prescribed by law. The task becomes much more complicated upon company expansion and entry into different markets, regions, or countries— in which case accounting and reporting processes must comply with multiple standards simultaneously. And at this point, the process of financial and reporting data consolidation becomes a non-trivial and constantly changing task—financial managers and their employees must always keep abreast of these changes.


  • Relatively recently, the need has emerged to accommodate alternative accounting models and non-standard accounting and financial management principles, in addition to or as substitutions for traditional ones. Lean accounting is an example of such a model. Unlike traditional accounting practice requirements, lean accounting looks to calculate and track added value streams, sees a company’s assets and expenses in a different way (e.g., inventory as waste to be minimized or eliminated rather than simply a company’s assets), and generate profit-and-loss statements based on lean principles instead of GAAP or IFRS or in parallel to mandated (i.e., traditional-type) reports.


Download the full copy of the TEC 2012 Financial Software Packages Buyer’s Guide for medium and large businesses.

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M&O Systems


M&O’s longevity and unmatched reputation is rooted in meeting complex challenges our customers have faced over the past few decades. We know how to harness the power of the ever changing and complex world of technology to enhance your stakeholders’, corporate and field, productivity, while at the same time reducing costs. 

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Oracle Closes the Business-IT Gap with the Latest Oracle BPM Suite 11g Upgrade


In today’s competitive landscape, businesses face great pressures to streamline their processes and increase their agility. TEC principal analyst P.J. Jakovljevic takes an in-depth look at how the latest features of Oracle Business Process Management Suite 11g enable business users to seamlessly and rapidly design and implement their business processes, without having to rely on overstretched IT resources. Download the report.

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Revel Systems, Inc.


Revel Systems is an award-winning iPad Point of Sale Solution for single location and multi-location businesses. The company was founded in 2010 in San Francisco, with the goal of changing the Point of Sale market. Founders Lisa Falzone and Chris Ciabarra developed a quick, intuitive, and secure iOS-based Point of Sale system by combining cloud-based technology and the mobility of the iPad.   Revel tailors every Point of Sale to each businesses’ specific needs and wants through a suite of features, including integrated payroll, inventory tracking, customer relationship management, and much more. With the introduction of the Revel Marketplace, Revel iPad POS users can integrate directly into third-party enhancements, including mobile payments, online ordering, gift or reward cards and advanced financial software suites.

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Tacton Systems AB


Tacton Systems is a world leader in advanced sales and product configuration. Tacton develops and sells embeddable software for sales and design configuration. Tacton’s solutions redefines how product configuration is managed, making it radically simpler to design, configure and sell complex products online as well as offline. Tacton’s solutions integrate easily with surrounding systems and have standard integrations for many leading e-commerce, ERP, CRM, PDM, PLM, and CAD systems.    Tacton’s Story starts in 1987 when a group of engineers and programmers at the Swedish Institute of Computer Science were doing ground-breaking research in the field of knowledge-based systems, and the application of artificial intelligence to solve industry challenges. The researchers were convinced that there were great gains to be made by applying the principles to the field of product configuration. The research team worked in close collaboration with companies such as Ericsson, ABB, and Alfa Laval. By 1993, the group had developed a configurator for a pilot project that was causing quite a stir. Both the researchers and the Institute saw the commercial potential of what had been developed. After a further five years of prototyping and evaluation, Tacton Systems was formed as a spin-off from the research institute.   Tacton has an impressive customer roster with impressive results gained with the offered technology. Many of the customers are leading industrial manufacturers such as   Siemens, ABB, Scania, Aker and Alfa Laval. Tacton works closely with their customers, large and small, to help them revolutionize their processes, to grow, and to become more competitive.   Today Tacton is headquartered in Stockholm, Sweden, with customers and resellers across the globe.

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