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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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 sap financial consolidation


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

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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 » sap financial consolidation

SAP BusinessObjects Planning and Consolidation


The SAP BusinessObjects Planning and Consolidation application can help unify and streamline the planning, budgeting, and forecasting process, and can enable a faster close. Finance-owned and maintained, the application unifies planning, financial consolidation, and management reporting for the enterprise-which can improve budget cycle times, drive compliance with regulatory and financial standards, help reduce external audit costs, instill confidence, and reduce business risk. With SAP BusinessObjects Planning and Consolidation, functionality companies need to meet their bottom-up and top-down financial and operational planning requirements, as well as complete consolidation and reporting, is available through a single, unified application and user interface. Companies can benefit from the following advantages: Improved agility-quickly model new business scenarios and decide on a course of action that maximizes value creation. Reduced cycle time-finance and line-of-business managers can collaborate in a unified landscape, streamlining the process of creating and approving plans, budgets, and forecasts. Minimized business and compliance risk-transparent financial data and a single version of the truth enable fast, accurate management and statutory reporting. Increased user productivity-an intuitive interface and familiar office tools help workers make the most of their time.  

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Financial Reporting-Who Needs It?


Solid financial reporting applications are as different from run-of-the-mill reporting tools as financial accountancy is from bookkeeping. Organizations routinely use common reporting tools for management accounting. But financial reporting applications can elaborate financial statements for external users, helping organizations to share information as necessary and comply with disclosure requirements. TEC analyst Jorge García discusses the benefits of financial reporting tools.

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What Does Vendor Consolidation Mean To The End User?


End-user companies should track the financial health of their vendors to see if the vendor will be a collector or one of the collected. If the end-user company has a focused vendor, think of that vendor's health and help them become even better in your type of business. If your vendor is acquired, meet the new owners. The new owners motivation in buying your product and vendor was the install base and that's you. Showing interest is your part in keeping the relationship the way you want it.

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Unified Planning and Consolidation


Executive teams are under great pressure to maximize profitability, reduce costs, minimize risk, and improve stakeholder confidence. To be effective, they need reliable, up-to-date financial and operational data for planning purposes as well as budgeting, forecasting, analysis, and statutory and management reporting. Learn about software solutions that can help your organization plan, forecast, and budget more effectively.

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SAP Gets Serious with SAP HANA and Mobility


Yesterday in San Francisco, SAP held a press conference to make two (perhaps three) major announcements about its strategy for the data management and mobility spaces. These announcements unveiled big-time movement in two major IT areas: data management and mobility. SAP HANA and Sybase At the press conference, Vishal Sikka, member of the SAP Executive Board for Technology and

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Financial Excellence: Setting the Foundation for Business Success


To effectively track and forecast your company’s financial performance, you need up-to-date and reliable financial data. As your business grows and diversifies, you need to maintain liquidity and manage cash flow and profits. Integration of your business transactions and operational data with financial data makes this possible, and helps you eliminate departmental silos and streamline your business operations.

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Avoiding the Hazards of IT Consolidation


Research shows widespread IT spending on data center transformation, IT consolidation, and server virtualization. This reduces costs and streamlines operations, right? In theory, yes. But many consolidation projects suffer planning and implementation issues that ultimately impact application performance and user productivity—especially for remote and mobile users. Learn how to avoid the pitfalls of IT consolidation.

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Use Financial Analytics Solutions for Bigger Profits


And you can learn about it in the executive brief financial analysis clears the profit haze.

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SAS Financial Intelligence


SAS financial intelligence provides capabilities for the finance department, built on a single platform. Capabilities include integration and cleansing of all financial data, budgeting, forecasting, scorecarding, simulation, risk management, and more.

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SAP Business All-in-One


Through the SAP Business All-in-One platform, people in businesses around the globe are improving relationships with customers and partners, streamlining operations, and achieving significant efficiencies throughout their supply chains. Today, more than 17,000 companies in over 120 countries run more than 44,500 installations of SAP software.  

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