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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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 accounting equation case study


Customer Focused Self-service: Building the Balanced Business Case
Countless customers are engaging in self-service, in the process helping companies save millions by deflecting service interactions to cheaper channels. At many

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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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Documents related to » accounting equation case study

How to Outsell the Competition: The Benchmarking Edge for Successful Sales Execution


Benchmarking is a process where companies compare their performance over time against their competition. In doing so, they can identify where their strengths lie and where improvement may be needed. The point of benchmarking is to focus on areas that will yield the best return. For companies to succeed in their benchmarking efforts and gain a sustained competitive advantage, five key steps should be considered.

accounting equation case study  solution that includes all accounting/ERP, ecommerce, and customer relationship management (CRM) , provides all this data in built-in reports that provide detailed forecast analysis. In addition, ad hoc reports can be built and saved for repeated use using NetSuite's reporting tools. Because actual booked orders can be seen in forecasts, your forecasts have greatly increased reliability, predictability and accuracy. A key metric source in NetSuite is the important intersection of customers and the orders Read More

Improving Intercompany Reconciliation for a Faster Close: Driving Financial Excellence


Are you moving beyond the need to comply with legislation like the Sarbanes-Oxley Act (SOX), to focus instead on driving sustainability and control in your processes? Do you have an initiative to support the fast close—or does your ability to complete your accounting cycles and close your books need a boost? Learn about technology and a methodology that can help you deal with the intercompany reconciliation challenge.

accounting equation case study  the completion of their accounting cycles. To achieve a faster close, you must scrutinize every step in the reporting process to figure out where your company can save time and how it can optimize the process. Based on our experience working with some of the world's leading companies, we've determined that one of the most significant bottlenecks in the close cycle is the process of intercompany reconciliation. As a result, virtually every fast-close project during the past five years in which significant Read More

Driving Costs Out of the Supply Chain: Inbound Logistics


One of the most neglected areas of the manufacturing and retail supply chain is the inbound logistics segment. Following best practices and creating a collaborative allows companies to save money and streamline operations.

accounting equation case study  material WIP transfers, pallet accounting, dunnage) and the Supply chain planning concept of postponement directly affects the ability to produce when little or no buffer inventory exists. To gain the most of an Inbound logistics setup for JIT manufacturers, it is important to analyze who controls the inbound transportation, size and frequency of shipments, lengths of haul, mode and carrier choice and the utilization of the core carrier concept. The Core carrier concept, if applied correctly in this kind Read More

CRM Success for Fast Growing Companies: What Every Small and Midsized Business Needs to Know


When creating a seamless value chain, it is essential to focus on the customer. However, information, data, and processes are key when planning the complex merger of processes, technologies, and culture. Additionally, a successful value chain recognizes that partners, vendors, suppliers, and employees play a vital role to ensure that customer values are both recognized and realized.

accounting equation case study  (CRM); order fulfillment; inventory; accounting and finance, product assembly; ecommerce; Web site management; and employee productivity. Source : NetSuite Resources Related to Customer relationship management (CRM) : Customer relationship management (CRM) (Wikipedia) CRM Success for Fast Growing Companies: What Every Small and Midsized Business Needs to Know Customer relationship management (CRM) is also known as : Customer Intelligence , Customer Service , Consumer Relationship System , Business Read More

Accounting Seed


Accounting Seed has developed a native application exclusively for the cloud Salesforce.com platform, that integrates accounting and enterprise resource planning (ERP) with customer relations management (CRM), seamlessly and securely under one roof, and visible to users on a single dashboard. Accounting Seed delivers a real-time, 360-degree view of a business, accessible by smartphone, tablet, or any computer, anywhere in the world.

accounting equation case study  Seed Accounting Seed has developed a native application exclusively for the cloud Salesforce.com platform, that integrates accounting and enterprise resource planning (ERP) with customer relations management (CRM), seamlessly and securely under one roof, and visible to users on a single dashboard. Accounting Seed delivers a real-time, 360-degree view of a business, accessible by smartphone, tablet, or any computer, anywhere in the world. Read More

Case Study: NET


Founded in 1983, Network Equipment Technlogies (NET) provides network and voice exchange solutions for government and enterprise customers worldwide. To increase its operational efficiency, cut costs, and improve government reporting and compliance capabilities, NET needed a new enterprise resource planning (ERP) system. Find out how switching to Microsoft Dynamics AX has helped NET save an estimated $1.5 million (USD).

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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 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 this buyer guide for a comprehensive overview of how cloud computing can help, including a handy chart comparing software delivery models and vital tips for evaluating cloud solutions for finance and accounting.

accounting equation case study  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 this Read More

Data Pro Accounting Software


Data Pro Accounting Software, Inc., privately owned, is based in St. Petersburg, Florida and was originally incorporated in June of 1985. The goal of the corporation has always been to develop and market a full line of accounting software products for a wide range of market segments, on a broad spectrum of operating systems environments such as DOS, Windows and UNIX.

accounting equation case study  Pro Accounting Software Data Pro Accounting Software, Inc., privately owned, is based in St. Petersburg, Florida and was originally incorporated in June of 1985. The goal of the corporation has always been to develop and market a full line of accounting software products for a wide range of market segments, on a broad spectrum of operating systems environments such as DOS, Windows and UNIX. Read More

Case Study: ByTec


Bytec, Inc., a supplier of electronic and mechanical assemblies for the automotive sector, needed a system to allow original equipment manufacturer (OEM) customers to trace a particularly complex part. Learn how ByTec chose a solution that provided each part with a unique identity, complete with full traceability through the entire manufacturing process, enabling OEMs to identify faults, and avoid warranty costs.

accounting equation case study  food manufacturing,manufacturing software,traceable,manufacturing operations,manufacturing technology,pharmaceutical manufacturing,plastic manufacturing,quality manufacturing,manufacturing job,manufacturing system,manufacturing systems,metal manufacturing,china manufacturing,traceability,manufacturing plant Read More

Case Study: Textron


For over 40 years, Textron Fastening Systems Australia has provided automotive and aerospace customers with specialized fastening and assembly solutions. Using PRONTO-Xi, Textron has optimized its warehouse operations by automating put-away, picking, transfer orders, and stock takes. Find out how the solution also helped Textron reengineer processes to enhance productivity and improve order accuracy to 99.8 percent.

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Financial and Management Accounting with SAP for Banking


Recent changes in accounting standards and compliance, along with greater emphasis on managing risk and value, have introduced new key measures of bank performance and made it more important to coordinate the internal and external reporting of financials and risk. To meet these challenges, banks must do their utmost to more fully integrate their accounting data and processes.

accounting equation case study  and Management Accounting with SAP for Banking Recent changes in accounting standards and compliance, along with greater emphasis on managing risk and value, have introduced new key measures of bank performance and made it more important to coordinate the internal and external reporting of financials and risk. To meet these challenges, banks must do their utmost to more fully integrate their accounting data and processes. Read More

Case Study: SCI




accounting equation case study  job scheduling software,Skybot Scheduler,SCI,Skybot Software,workflow automation,Service Corporation International Read More

Case Study: BEGA-US


BEGA-US, designer and manufacturer of a broad range of lighting products, was looking to replace its disparate accounting systems with a modern enterprise resource planning (ERP) package that could seamlessly integrate all departments and reduce processing and development times. Find out how VAI’s S2K helped BEGA improve operating efficiency, streamline data management, and reduce order-to-shipment times.

accounting equation case study  configurator and a disparate accounting system challenged BEGA's daily operations. The company's product configurator lacked the ability to cost materials as orders were built, leaving BEGA to manually calculate cost for thousands of items—a waste of precious time in an environment where the ability to produce quality products quickly and efficiently is critical. Therefore, costing and billing for a project was more difficult than necessary. In addition, the company's old green screen sea of menus Read More