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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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Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
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 news articles accounting


Finance Transformation and Routine Accounting: Enabling the Corporate Controller’s Role as a Strategic Contributor
The first role of the corporate controller has been to ensure corporate financial controls and@as a distant second@make strategic business contributions. But

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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

Process 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 order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today's leading ERP systems group all traditional company management functions (finance, sales, manufacturing, human resources) and include, with varying degrees of acceptance and skill, many solutions that were formerly considered peripheral (product data management (PDM), warehouse management, manufacturing execution system (MES), reporting, etc.). While during the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-Business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The old adage is "Such a beginning, such an end", and, consequently, many ERP systems' failures could be traced back to a bad software selection. The foundation of any ERP implementation must be a proper exercise of aligning customers' IT technology with their business strategy, and subsequent software selection. This is the perfect time to create the business case and energize the entire organization towards the vision sharing and a buy in, both being the Key Success Factors (KSFs). Yet, these steps are very often neglected despite the amount of expert literature and articles that emphasize their importance.    

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Technology Evaluation Centers (TEC) Embraces the Spanish-speaking Market


Because of growing demand, Technology Evaluation Centers, Inc. (TEC) has launched its on-line services in Spanish. TEC, a global enterprise software analyst firm, recently launched its on-line ERP, SCM, Financials, and Human Resources Evaluation Centers in Spanish to serve Latin America and Spain more effectively.

news articles accounting  professionals with the latest news through a daily newsletter, which has experienced a 120 percent weekly growth in readership since March 1st. This indicates that TEC's content and services have been very well received, filling a void in the Spanish-speaking market for impartial enterprise software expertise. According to IDC, in 2004 companies invested $26.4 billion (USD) in IT in Latin America, and the software segment exceeded $4.1 billion (USD) that same year. Moreover, they are expecting a growth Read More

UNIT4: The (Largely) Untold Story - Part 1


February and bleak mid-winters are not exactly the high season for software user conferences in North America, and thus I accepted the invitation by UNIT4 (formerly Unit 4 Agresso), the second-largest business applications provider in continental Europe, to its UK 2010 user conference. The attraction, in addition to the Celtic Manor Resort in lush South

news articles accounting  did not present any earth-shattering news compared to what I had already ascertained in my  mid-2009 report on positioning of ABW , CODA, and CODA 2go within Unit 4 Agresso.   Change Remains the Only Constant Sure, at that event we all learned about another survey with sobering results that purported what UNIT4 has been successfully preaching for last several years: the end-user's need to easily change their  enterprise resource planning (ERP)  systems. To that end, a new white paper from IDC Read More

Grape Escape 2010: Of Cloud & Angels, Fun & Games, and “In Vino Veritas” - Part 4


Part 1 of this blog series talked about the historical background of the JRocket Marketing Grape Escape(TM) event. Grape Escape has become a June fixture over past several years, after the high traveling season to major vendors’ events subsides and before everyone takes their summer vacations. It is a signature event that showcases the intimate analyst relationships (AR) and

news articles accounting  about “feel good” positive news from these vendors, as one would expect from such an event. Certainly, every company has challenges and issues, and these will be analyzed in forthcoming research articles (“Tragedy tomorrow, comedy tonight!”). FinancialForce.com (Song theme: Surfin’ USA by Beach Boys ) FinancialForce is on fire, we’re aiming for the stars, With services and solutions, and upbeat WEBINARS! The hippest thing in accounting—it’s what the analysts say; FinancialForce has gone Read More

TEC Industry Watch: Enterprise Software News for the Week of May 7th, 2012


SOFTWARE SELECTIONS AND GO-LIVESLos Angeles County selects SAS to provide analytics services and applications Industry tags: BI/business analytics "Los Angeles County will use SAS predictive analytics and data mining solutions as well as SAS BI solutions to fight organized fraud within the Department of Public and Social Services. Uncovering more than 200 probable fraud cases = BI and business

news articles accounting  Industry Watch: Enterprise Software News for the Week of May 7th, 2012 SOFTWARE SELECTIONS AND GO-LIVES Los Angeles County selects SAS to provide analytics services and applications Industry tags: BI/business analytics Los Angeles County will use SAS predictive analytics and data mining solutions as well as SAS BI solutions to fight organized fraud within the Department of Public and Social Services. Uncovering more than 200 probable fraud cases = BI and business analytics at their best. —Jorge Read More

Accounting for SMBs: A Solution Beyond Entry-level Systems Red Wing Software


Many SMB companies need more functionality than an entry-level system offers, but cannot afford to pay $15,000 (USD) or more for a higher-end product, nor do they really need the complexity found in these products. Red Wing Software’s TurningPoint is a good mid-market product that plays well in this market.

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Sage BusinessWorks Accounting


Sage BusinessWorks 50 Accounting (formerly BusinessWorks Gold) bridges the gap between off-the-shelf, entry-level products and complex high-end systems. Its modular design is ideally suited for growing small and medium-sized businesses. BusinessWorks combines robust features such as serial number tracking, multiple warehouse management capabilities, and multiple costing and pricing methods for complete inventory management.

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Top Accounting Software Comparisons 2012


There were a lot of accounting solutions introduced or updated in 2011, and here's your chance to compare them—quickly and easily.

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10 Strategies for Getting the Right ERP and Accounting Solution


That's where the white paper 10 strategies for getting the right ERP and accounting solution comes in.

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An IFRS Fable: The Company That Waited Too Long


Many US companies find themselves acting like “Wait-and-See, Inc.” They interpret the switch from US Generally Accepted Accounting Principles (GAAP) to IFRS as a matter of compliance rather than an opportunity to become more globally competitive by improving key internal processes. But transitioning to IFRS offers many benefits beyond compliance. Find out what those benefits are, and how your company can harness them.

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Dassault Systèmes to Acquire IBM PLM: Big News, but Not a Big Surprise


A few months ago while I was listening to Dassault Systèmes (DS) executives explaining the company’s sales and marketing strategies and achievements, I wondered what the next move might be since I found the relationship between DS and IBM was becoming more delicate than before. My concern was that a very sophisticated approach would be required in order to grow DS’s own sales capability, while

news articles accounting  Acquire IBM PLM: Big News, but Not a Big Surprise A few months ago while I was listening to Dassault Systèmes (DS) executives explaining the company’s sales and marketing strategies and achievements, I wondered what the next move might be since I found the relationship between DS and IBM was becoming more delicate than before. My concern was that a very sophisticated approach would be required in order to grow DS’s own sales capability, while keeping the strong and long-time DS/IBM partnership in Read More

Best-of-breed Approach to Finance and Accounting


CODA's savvy accounting and financial offerings include budgeting, forecasting, scorecards, and tools that use Microsoft Excel spreadsheets collaboratively and securely. However, CODA must defend its narrow specialist and best-of-breed approach against larger-scale integrated enterprise system offerings.

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8 Rules for Investing in a New Accounting System


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Overcoming the Barrier of Traditional Accounting in Lean Environments


Manufacturers of all sizes are more efficient, better managed, and more profitable because of lean—yet this improvement has plateaued at many companies. What’s holding up the progress of lean? The real problem is that as lean evolves and spreads beyond the plant floor, its conflict with traditional accounting is escalating—and becoming more dangerous to the financial health of manufacturers.

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