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How to Choose an Accounting System
The challenges to successfully choosing, installing, and implementing new accounting software are many. But so are the opportunities—to gain greater control of

selecting accounting  six steps to successfully selecting accounting software. Read More...
ERP for Services (Non-manufacturing)
A multinational consulting company specializing in industrial automation turned to TEC for help selecting an enterprise resource planning (ERP) solution to replace its legacy system—a patc...
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Documents related to » selecting accounting


10 Pitfalls to Avoid when Selecting a CMMS/EAM
As you look for ways to get the most out of your existing operating assets, enterprise asset management (EAM) and computerized maintenance management system

selecting accounting  make the mistake of selecting a CMMS/EAM that addresses the short-term needs of primarily the maintenance department. This is not the best approach given the number and degree of changes that most companies go through over a relatively short period of time. CMMS/EAM requirements should cover a minimum of three years out, and span requirements of departments other than maintenance, including operations, engineering, purchasing, finance, IT and other stakeholder groups. There should be specifications that Read More...
11 Criteria for Selecting the Best ERP System Replacement
An enterprise resource planning (ERP) system is your information backbone, reaching into all areas of your business and value chain. That’s why replacing it can

selecting accounting  criteria to use when selecting the best solution, and their importance in making the ERP replacement decision. Criteria 1 : A Future Proof Decision To understand what the next ten years will bring for manufacturing, and what impact it will have, look at the last ten years and double that rate of change. Technology will provide information to the knowledge worker at any time on any device. Information will be personalized and will anticipate the needs and activities of every organizational role. It will Read More...
Accounting Software Checklist for Small and Midsized Businesses
Like the smb finance and accounting checklist from inside business finance.

selecting accounting  Small and Midsized Businesses Selecting a new accounting and finance software solution for your company can be a risky business. If you miss something, it can come back to haunt you later. A good checklist can help ensure that you cover all the angles, and ask the right questions . Like the SMB Finance and Accounting Checklist from Inside Business Finance . Written in clear language, this buyer's checklist for small and midsized businesses (SMBs) gives you the right questions to ask—and angles to Read More...
Selecting Manufacturing ERP for ISO 26000 Compliance
ISO 26000 spells out best practices for corporate social responsibility (CSR). Are your enterprise systems, including ERP, capable of documenting CSR best

selecting accounting  on decision support for selecting vendors based on proximity. Environmental footprint management built into ERP also streamlines reporting, and provides for a more direct and credible source of information given that data tampering is harder to accomplish given the preventive and detective controls within a modern ERP system. Enterprise software can feature embedded functionality to allow environmental cost to be measured just like financial cost. This lets a company go well beyond local laws and Read More...
Six Reasons You Should Think About Getting a New Accounting System
Accountants and business people overall are generally aware that whatever happens in the company must be reflected in the corresponding accounting books or

selecting accounting  Reasons You Should Think About Getting a New Accounting System Accountants and business people overall are generally aware that whatever happens in the company must be reflected in the corresponding accounting books or ledgers as accurately and as quickly as possible. This means that accounting as a business process should be able to obtain, process, and store a significant volume of data that comes from a battery of different sources. I do not believe we need to convince anybody to use a Read More...
Selecting PLM Software Solutions Part 2 - Problem Overview
Past experience shows us that the vast majority of enterprise technology evaluations run over time and budget, and once selected, the majority of the

selecting accounting  can be applied to selecting PLM (Product Lifecycle Management) software, but there are some key differences that need to be recognized. In PLM, there is no single vendor that can meet all of the requirements, and the market is still immature, so almost every product can be the right solution provided a certain set of requirements. The Catch 22 for both buyers and vendors is to pinpoint the right opportunity in this ongoing dating game . Selecting a piece of enterprise application software has never been Read More...
The 2011 Buyer's Guide to Accounting and Financial Software
Too often, finance professionals must contend with outdated financial and accounting systems that present spiraling overhead costs, functional limitations, and

selecting accounting  2011 Buyer's Guide to Accounting and Financial Software Too often, finance professionals must contend with outdated financial and accounting systems that present spiraling overhead costs, functional limitations, and unnecessary risks. And that makes it challenging for them to respond to complex business issues such as frequent regulatory change and increased compliance challenges--as well as requirements for visibility across multiple entities, currencies, and tax and regulatory frameworks. Download Read More...
Nonprofits and Public Sector: The Latest Hot Market
Many recent circumstances have rendered the nonprofit and public sector accounting markets a land of both opportunity and challenges.

selecting accounting  and Public Sector: The Latest Hot Market Public and Nonprofit Sector Markets Public sector or government agencies and nonprofit organizations have similarities in the fact that both require fund accounting and management capabilities, and have complex financial reporting requirements that are quite different from the commercial, for-profit financial accounting. For instance, over dozens of separate government agencies in one state will logically use dozens of different formats to prepare their se Read More...
Selecting ERP for Engineer-to-order Manufacturing
Most enterprise resource planning (ERP) software was not designed for a project-oriented environment like engineer-to-order (ETO). How do the needs of ETO

selecting accounting  ETO manufacturer go about selecting ERP software that truly meets their needs for project visibility and control? Download this white paper to find out more. Read More...
Transforming Your Organization? Start with Accounting
Before the lean enterprise paradigm swept across the manufacturing industry, I doubt many business people would have considered accounting as a serious tool for

selecting accounting  Your Organization? Start with Accounting Before the lean enterprise paradigm swept across the manufacturing industry, I doubt many business people would have considered accounting as a serious tool for changing the mindset of decisions makers and how businesses operate. It turns out, however, that there’s more than one way to do accounting, and the accounting approach an organization uses can have a significant impact on a business’s direction. Let’s take a look at three specific areas Read More...
Selecting a Commission and Incentive Compensation System
As part of their compensation strategy, many businesses today are looking for software products that can manage commissions, sales incentives, and bonus

selecting accounting  a Commission and Incentive Compensation System As part of their compensation strategy, many businesses today are looking for software products that can manage commissions, sales incentives, and bonus programs. But with the number of companies now offering a variety of viable solutions, it has become even more difficult to know which one to choose. To help you select the right solution for your organization, consider these key evaluation factors first. Read More...
Your Reference Guide to SMB Accounting Software Features
This reference guide provides insight into the accounting features and functions currently available on today's market for small to medium businesses (SMBs). It

selecting accounting  Reference Guide to SMB Accounting Software Features Originally Published - January 16, 2008 So, you're looking for an accounting system. This reference guide provides insight into the accounting features and functions currently available on today's market for small to medium businesses (SMBs). It will help you determine which features your organization needs—or doesn't need. You can also download an extended guide in Excel format at TEC's Accounting Software Request for Proposal (RFP) Template page . Read More...
Selecting a CMS Based on Ease of Use
Businesses have a wide range of offerings to choose from when it comes to content management systems (CMSs). Among the many CMS selection criteria, ease of use

selecting accounting  a CMS Based on Ease of Use Businesses have a wide range of offerings to choose from when it comes to content management systems (CMSs). Among the many CMS selection criteria, ease of use is the most important. The easier a system is to use, the more adoption it will gain within the organization—especially when content management is becoming recognized as a marketing platform instead of being driven solely by IT. Find out more. Read More...
9 Things to Look For in Lean Accounting Software for Manufacturers
I attended the Lean Accounting Summit in Orlando in September, and I’m still struck by the totally different attitudes of companies that choose lean

selecting accounting  should businesses consider when selecting accounting packages for lean environments? Based on the information I gathered during the summit, there are nine major functional requirements for a lean manufacturing business: The software must be capable of handling accounting processes according to value streams . This includes value-stream mapping, and value-stream–based metrics, income statements, cost numbers, profitability, and capacity analysis. Since value streams for each company or subdivision are Read More...

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