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Why Privately Held Manufacturers Should Implement IFRS-ready ERP Solutions
While regulatory requirements to adopt International Financial Reporting Standards (IFRS) may be a concern for publically traded companies only, there are

why ifrs  are three basic reasons why manufacturers will want to be prepared for IFRS sooner than required by regulation—even if the private companies are not affected by the US Securities and Exchange Commission (SEC) mandates: IFRS is important in order to access capital markets. Publicly held companies should find this attractive as an alternative method of obtaining capital, but if you are a private company, you are often entirely dependent on commercial lenders for capital. Analysts for these lenders are Read More
Discrete 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 or...
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Documents related to » why ifrs


Meeting the Challenge: Planning for IFRS Conversion
Over 100 countries now require or permit International Financial Reporting Standards (IFRS) reporting. Companies preparing to make this challenging switch will

why ifrs  the next 10 years. Why should small and midsized companies care about IFRS? Typically, IFRS is required for publicly accountable organizations-companies listed on public stock exchanges. But it’s not solely for publicly listed companies. The definition is broader. Companies with accountability to those present and potential resource providers and others external to the entity who make economic decisions, but who are not in a position to demand reports tailored to meet their particular information Read More
Driving Factors in The Enterprise Applications Market
The enterprise applications market is converging resulting with fewer providers; however, there are still the same number of competing systems. What are the

why ifrs  What It Entails and Why to Use It and Integrating All Information Assets ). Increasing regulatory compliance requirements, such as to the International Financial Reporting Standard (IFRS) or the US Sarbanes-Oxley Act (see Joining the Sarbanes-Oxley Bandwagon; Meeting the Needs of Small and Medium Businesses ). These market trends indicate a mature market, albeit one that is in transformation, forcing both vendors and their partners to focus their development on tailored industry solutions with built-in Read More
The move to IFRS and XBRL
IFRS is an accounting standard dealing with global financial reporting. XBRL is an electronic language describing financial data according to global standards

why ifrs  standards. This article describes why IFRS will displace GAAP in the US and the link between IFRS and XBRL. The move to IFRS and XBRL Why are governments moving to International Financial Reporting System (IFRS) and extensible business reporting language (XBRL)? The advent of the Internet (circa 1980) resulted in global communication times shrinking to minutes from days or hours. The consequences of inexpensive, real-time, Internet-based access to information systems were that companies became global Read More
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

why ifrs  systems, and countries. That's why leading companies turn to enterprise performance management solutions like the SAP® BusinessObjects TM Planning and Consolidation application, version for the Microsoft platform. Designed for Users, Built for Business SAP BusinessObjects Planning and Consolidation gives you access to reliable corporate data and streamlines planning and consolidation processes. It lets you align operational plans with corporate goals, initiatives, and metrics defined using the SAP Read More
Why SharePoint Is Not Document Management Software
Microsoft’s SharePoint program is frequently misused as a full-featured document management system. While SharePoint offers a fairly massive feature set, its

why ifrs  SharePoint Is Not Document Management Software Microsoft’s SharePoint program is frequently misused as a full-featured document management system. While SharePoint offers a fairly massive feature set, its primary focus is on collaboration, which entails somewhat open flows of information and less control of material across the full document lifecycle than a document management system would offer. Download this white paper to learn more. Read More
Why Are You Afraid of (Re) Defining Business Processes?
We all are—except consultants who praise the importance of business processes, but sometimes don’t practice what they preach. Business processes can be simply

why ifrs  There is another reason why decision makers are reluctant to create or change business processes and that is mentality . You know the old saying: “if it ain’t broke, don’t fix it”? Yeah, just wait until it breaks! But even when it breaks, a new cycle starts—exactly the same as the old one. Are you afraid of creating or remodeling business processes in your organization? Please feel free to leave your comments below. Read More
Enterprise Software Conferences: Why Bother?
If you did not get the chance to read the article about the 2009 APICS Conference, I thought I should share with you some of the things we (Khudsiya and I) did

why ifrs  Software Conferences: Why Bother? If you did not get the chance to read the article about the 2009 APICS Conference , I thought I should share with you some of the things we (Khudsiya and I) did or learned there. I thought I would start by imagining a conversation about imaginary analysts, between two imaginary people, in an imaginary kitchen of an imaginary company: Imaginary man (IM): “Where did G the analyst go? I haven’t seen him around for at least a couple of days!” Imaginary woman Read More
Why Managing Mobility Matters
Not too long ago, business support of mobile workers centered on managing the use of a limited number of Windows-based laptops and BlackBerry smartphones. Today

why ifrs  Managing Mobility Matters Not too long ago, business support of mobile workers centered on managing the use of a limited number of Windows-based laptops and BlackBerry smartphones. Today mobile phones are ubiquitous for most employees, and IT departments are being asked to provide broad access to networks, databases and critical enterprise applications while they manage, support and figure out how to protect data from theft and security breaches. Read More
Project Failure-The Numbers, Why, and What It Means
IT projects fail regularly—considerably missing expectations, drastically overrunning budgets, significantly missing deadlines, and far too often having to be

why ifrs  studies have focused on why projects fail. A study from Peerstone Research ( http://www.peerstone.com ) focuses on projects that involve application software products and external services, commonly called implementation projects. This research tells us that the number one reason for obstacles to success is that senior executives fail to lead. However, the second through seventh reasons all focus on shortcomings on the part of the software or services vendor. Although the number one reported cause of Read More
Global Software Integration: Why Do So Many Projects Fail?
The IT field is littered with failed global software integration sagas. The many reasons for these failures include mismatched capabilities, geographical

why ifrs  Software Integration: Why Do So Many Projects Fail? Estrella Partners Group LLC is a consortium of proven senior level executives who understand client problems, providing alternative solutions to these problems, and who can help clients successfully implement them. Source: Estrella Partners Group LLC Resources Related to Global Software Integration: Why Do So Many Projects Fail? : Information Technology (IT) (Wikipedia) Global Software Integration: Why Do So Many Projects Fail? Software Read More
Why Your Organization Needs to Focus On Outbound Content
Electronic communication tools can provide enormous benefits for your employees, as well as distinct competitive advantages. However, they also carry the risk

why ifrs  Your Organization Needs to Focus On Outbound Content Electronic communication tools can provide enormous benefits for your employees, as well as distinct competitive advantages. However, they also carry the risk that employees might communicate in ways that violate corporate policies, various statutes, or best practices. Find out about the key steps you should take to mitigate the risks you face from employee use—and misuse—of communication tools. Read More
Why Vyatta Open Source Networking is Better than Cisco
Why is Vyatta’s open source networking approach so successful? Because it is in touch with today’s users needs. By eliminating the reliance on specialized

why ifrs  is Better than Cisco Why is Vyatta’s open source networking approach so successful? Because it is in touch with today’s users needs. By eliminating the reliance on specialized hardware, Vyatta’s open source, Linux-based approach to networking is changing the way networks are being purchased and deployed. With its strong community of users, Vyatta is challenging even proprietary networking vendors like Cisco. We challenge you to find out more. Read More
Why You Should Consider a Hosted Messaging Archiving Solution
E-mail archiving systems are no longer simply tools that focus on regulatory compliance, but instead are multifaceted systems that can help companies satisfy

why ifrs  You Should Consider a Hosted Messaging Archiving Solution E-mail archiving systems are no longer simply tools that focus on regulatory compliance, but instead are multifaceted systems that can help companies satisfy legal discovery requirements, improve messaging-related storage management, and assist in disaster recovery efforts. While there are several solutions available, a hosted solution can offer a number of important benefits you should consider. Read More

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