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Software Functionality Revealed in Detail
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 criteria to be met when assessing accounting


Streamlining Your Conversion to IFRS: Challenges, Choices, and Transformative Technologies
Transitioning to international financial reporting standards (IFRS) is more than just a mandate—it’s an opportunity for companies to improve their financial

criteria to be met when assessing accounting  more flexible. If specific criteria are met, companies filing under IFRS can declare R & D costs as an intangible asset - with the associated capitalization and amortization effects. Personnel Addressing the wide array of issues involved in adopting IFRS requires a cross-functional team, beginning with the support and participation of senior and executive management. People who should become part of the IFRS project team include the following: Management accountants - To make comparisons between actual

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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 RFI/RFP Template

General Ledger, Accounts Payable, Fixed Assets, Cost Accounting, Cash Management, Budgeting, Accounts Receivable, Financial Reporting, Project Accounting, Product Technology 

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Planning, Budgeting, and Forecasting Software Evaluation and Selection Guide


Enterprise planning—budgeting, forecasting, and reporting—is a crucial component of financial management that contributes to companies’ success. However, planning is often seen as a time-consuming burden. Find out how an enterprise planning system can help you deliver more timely and reliable plans and enhance strategic decision making, to more quickly identify, analyze, and forecast the impact of changes as they occur.

criteria to be met when assessing accounting  and match your emerging criteria with software features and functions. “Finance executives believe they spend too much time on forecasting, budgeting, and planning. When asked about the most acute problems with their current planning process, more than 60 percent said it ‘takes too long.’ Nearly 43 percent said ‘not enough time to analyze data,’ and more than a third cited ‘lack of ownership by business units.’” CFO Research Services PLANNING CHALLENGES   Process Problems Corporate Read More

ERP Selection Case Study Audio Conference Transcript


This is the transcript of an audio conference conducted by TEC on May 22 and again on May 30. The conference discussed the recent experiences of TEC consultants in conducting an ERP Selection.

criteria to be met when assessing accounting  selection process if new criteria come in, the team can go back to suppliers and collect additional data They don't have to start from ground zero, they can put the new requirements into the demonstration or them can validate claims through customer interaction. What about comparisons?   When comparing ERP products, it is not comparing apples to apples. They are all different, not completely different, but every package has different strengths and different weaknesses and they accentuate different parts Read More

CRM and BPM: “We Goes Together Like Peas and Carrots”


In 2009, I attended two Gartner Summit events: the Gartner Business Process Management (BPM) Summit in March in San Diego; and Gartner Customer Relationship Management (CRM) Summit in September in Scottsdale. I not only saw a number of same vendors at both events, but both events also had many similar themes, such as customer service, workflow automation, business processes

criteria to be met when assessing accounting  and ensure that all criteria are met and data captured before a deal advances to the next stage. Organizations should also be able to take established sales methodologies such as  Miller Heiman  or  Sales Performance International (SPI)  and institutionalize those sales methodologies within the CRM solution itself. The CRM vendor elevator pitch will thus likely be based on enabling a specific CRM process such as order-to-cash or lead-to-opportunity , instead of on traditionally selling CRM modules Read More

Segregation of Duties and Its Role in Sarbanes-Oxley Compliance Issues


The Sarbanes-Oxley Act (SOX) requires publicly traded firms to demonstrate that their accounting and reporting practices are in compliance with regulatory standards. Section 404 of SOX addresses the concept and practice of segregation of duties—a key aspect of this legislation, and the focus of this article.

criteria to be met when assessing accounting  should be the fundamental criteria for assessing whether the new system meets your organization's compliance and financial-reporting requirements. Following are some additional points to consider: Data revision management—changes to financial-reporting data should be carefully managed, ensuring that all modifications are authorized and documented. Contracts—all IT vendor contracts and service level agreements (SLAs), including their financial implications, must be clearly defined. Third-party Read More

How to Optimize ERP to Meet Wholesale Distribution Challenges


Efficient procurement and sourcing. Storing and moving inventories. Attracting and retaining customers. Such challenges have an impact on wholesale distributors’ revenues, competitiveness, and profits. To make timely and informed decisions that can impact your business, you need answers to questions like “How can I offer value-added services to improve customer loyalty?” Get the answers to this and other key questions.

criteria to be met when assessing accounting  to Optimize ERP to Meet Wholesale Distribution Challenges Efficient procurement and sourcing. Storing and moving inventories. Attracting and retaining customers. Such challenges have an impact on wholesale distributors’ revenues, competitiveness, and profits. To make timely and informed decisions that can impact your business, you need answers to questions like “How can I offer value-added services to improve customer loyalty?” Get the answers to this and other key questions. Read More

Top 10 Reasons to Take Your Field Service to the Cloud


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criteria to be met when assessing accounting  10 Reasons to Take Your Field Service to the Cloud Field service organizations both large and small are flocking to the cloud. They are abandoning on-premise software and simplifying technology so they can focus on what’s important: making customers happy. Here are 10 reasons why they have made the switch and why you need to take your field service organization to the cloud . . . or get left behind. Download the white paper and find out. Read More

Microsoft Office Accounting


Ideal for companies that need more than basic accounting software, Microsoft Small Business Manager offers affordable, flexible, and fully integrated financial management, sales, purchasing, inventory, payroll, and reporting capabilities. It connects people, information, and processes to help manage customers' businesses more effectively.  

criteria to be met when assessing accounting  Office Accounting Ideal for companies that need more than basic accounting software, Microsoft Small Business Manager offers affordable, flexible, and fully integrated financial management, sales, purchasing, inventory, payroll, and reporting capabilities. It connects people, information, and processes to help manage customers' businesses more effectively. Read More

Question: When is Six Sigma not Six Sigma? Answer: When it's the Six Sigma Metric!!©


Six Sigma Quality is a popular approach to process improvement, particularly among technology driven companies such as Allied Signal, General Electric, Kodak and Texas Instruments. Its objective is to reduce output variability through process improvement, and/or to increase customer specification limits through design for producibility. I don't like the Six Sigma metric. As you'll see, it fails to pass many of the empirical tests for "good" metrics. In particular, it's neither simple to understand nor, in most applications, an effective proxy for customer satisfaction. And, its definition is ambiguous and therefore easily gamed because th

criteria to be met when assessing accounting  When is Six Sigma not Six Sigma? Answer: When it's the Six Sigma Metric!!© Six Sigma (6s) Quality is a popular approach to process improvement, particularly among technology driven companies such as Allied Signal, General Electric, Kodak and Texas Instruments. Its objective is to reduce output variability through process improvement, and/or to increase customer specification limits through design for producability (Df p ), so that these specification limits lie at more than six standard deviati Read More

2011 Buyer's Guide to Accounting and Financial Software


Learn more about theadvantages of the new generation of finance and accounting systems in The 2011 Buyer's Guide to Accounting and Financial Software...

criteria to be met when assessing accounting  Buyer's Guide to Accounting and Financial Software 2011 Buyer's Guide to Accounting and Financial Software Is your organization using antiquated financial and accounting software? The answer is likely yes. Virtually every major financial and accounting solution can trace its roots to the late 1980s transition from DOS to Windows. Modern finance and accounting systems are now designed for today's Internet-driven, always-on, always-connected, fast-changing world. Learn more about the advantages of the ne Read More

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Food manufacturers are launching sophisticated tracking systems that can identify and isolate quality issues across their supply chains before problems escalate. Implementing barcoding as part of an integrated SaaS ERP solution enables food processors to optimize solution benefits. Find out what food and beverage processors need to know to take advantage of barcoding to improve business performance and meet regulatory requirements.

criteria to be met when assessing accounting  Labeling for Food and Beverage Processors: What You Need to Know to Get Started Food manufacturers are launching sophisticated tracking systems that can identify and isolate quality issues across their supply chains before problems escalate. Implementing barcoding as part of an integrated SaaS ERP solution enables food processors to optimize solution benefits. Find out what food and beverage processors need to know to take advantage of barcoding to improve business performance and meet regulatory Read More

Sage BusinessWorks Accounting


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criteria to be met when assessing accounting  Guide to ERP for Process Manufacturers: A Practical Guide to Successfully Addressing Your Industry-specific Requirements As a process manufacturer, if you’re actively searching for the right enterprise resource planning (ERP) system, you should focus on those ERP solutions that have a strong process manufacturing foundation. These ERP applications support many industry best practices to which you can align your business processes. Discover how a process-oriented ERP system can help you Read More

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Cougar Mountain Accounting


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