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Justification of ERP Investments Part 1: Quantifiable Benefits from an ERP System
Studies that surveyed manufacturers about the impact of ERP systems on firm performance indicate that company size and industry do not affect the results

an example accounting system  inventory turns translates into an expected inventory of $1.875 million ($7.5 million divided by four). If the example firm had this ratio, it would have had $1.125 million less in inventory. With inventory carrying costs at 25 percent, this would produce savings of $281,250 each year. For the days receivable ratio, assume the Annual Statement Studies indicate that sixty and fifty days are the median and upper quartile. The days receivable in the example $10 million manufacturer is currently Read More
Incentive and Compensation Management
Enterprise incentive management (EIM) and employee compensation management sit between HR, CRM, Accounting, and sales force automation. These applications help sales executives gain perspective on ...
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Documents related to » an example accounting system


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

an example accounting system  include labor costs in an assembly, thus reflecting the true cost of each assembly (parts and labor). This is the only example in this price range of which I am aware that allows users to control production without having to move to what may be an overly complex MRP application. Moreover, TurningPoint has features that are not supported by lower-end products. For example, it allows multiple substitutes for each inventory item and it tracks vendor item IDs, and will print the vendor part number on a 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

an example accounting system  success, if not playing an even more vital role. One example of such overlooked principles: lean accounting. The problem is that lean transformation quickly collides with existing accounting practices—and the sooner a business realizes this, the better. Clearly, you cannot improve during your lean transformation journey without transforming your accounting (and your accounting software in particular). Specific requirements for lean accounting software differ from regular financial and accounting Read More
The Steel Manufacturing Industry: What Use Is an ERP System, Anyway?
TEC regularly works with companies to identify the right software vendors for their industry and particular needs. I’m going to provide you with information

an example accounting system  steel manufacturing organizations. Here’s an example of a typical process flow in a steel manufacturing plant: A customer order is entered in the ERP module, which communicates with the supply chain management (SCM) module to figure out which orders can be met by on-hand inventory or by creating a production plan. This information is fed back and forth between levels 4 and 5 on one hand, and levels 3, 2, and 1 on the other, so that a promise date can be sent back on customer orders. The supply chain 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

an example accounting system  compliance. Designed to be an upgrade friendly system , CODA applications offer open and standards-based reporting tools. CODA's alliance with Microsoft Corp . has allowed it to deliver a range of financial and management accounting systems, and it has made several strategic acquisitions to further strengthen its position as a compliance solution. Part Three of the Composing Collaborative Financial Applications , CODA series. Among its recent endeavors, CODA has recently announced new set of financial Read More
System Models and Simulation
Understanding how a system really works is the first step toward using, improving, automating, or explaining it to others. The basic concept of a system is that

an example accounting system  Models and Simulation Understanding how a system really works is the first step toward using, improving, automating, or explaining it to others. The basic concept of a system is that it is driven by cause and effect—but there is so much more to understanding its full complexity. The best place to start is by learning how causal loop diagrams (CLDs) are used to model dynamic systems by identifying variables and causal effects. Read More
Provision Fund Accounting
In addition to the solutions offered by Microsoft, Protéan provides the ProVision Fund Accounting package, a solution targeted at public entities and

an example accounting system  solutions offered by Microsoft, Protéan provides the ProVision Fund Accounting package, a solution targeted at public entities and nonprofit organizations of all sizes. Read More
10 Golden Rules for Choosing an ERP System
10 Golden Rules for Choosing an ERP System can help you keep your selection project on time and on budget.

an example accounting system  Golden Rules for Choosing an ERP System Choosing a new ERP solution? If you don't plan carefully it may take longer—and cost more—than it needs to. 10 Golden Rules for Choosing an ERP System can help you keep your selection project on time and on budget. From gathering your requirements to comparing vendors and solutions to calculating total cost of ownership (TCO), you'll find out what you need to do to make your selection process a success. Don't risk getting bogged down in a long, expensive Read More
Industry Expert's Guide to Buying a Business Phone System
Learn about VoIP and how you can get more for less in Industry Expert's Guide to Buying a Business Phone System.

an example accounting system  still using a traditional land-line for your business phone system? By switching to VoIP you could cut your company's phone bill in half . And end up with more calling features than you currently have. Learn about VoIP—and how you can get more for less—in Industry Expert's Guide to Buying a Business Phone System . You'll find out how VoIP works, all the ways it can save you money, and how to get the right VoIP system for your company's needs. Download your free PDF copy of Industry Expert's Guide to Read More
How to Sell Management on a New IP-Based Phone System
An Internet protocol (IP) phone system transforms your phone system into a next-generation communications hub, complete with technologies that let your

an example accounting system  New IP-Based Phone System An Internet protocol (IP) phone system transforms your phone system into a next-generation communications hub, complete with technologies that let your organization improve customer service and cut costs. An IP-based phone system piggybacks on your IP-network, connecting to the public-switched telephone network (PSTN) via your Internet connection. Use this checklist to sell management on a new IP-based phone system. Read More
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.

an example accounting system  or updated in 2011, and here's your chance to compare them—quickly and easily. Some of the big names include Microsoft , NetSuite, SAP, Aquilon Software, Sage, Pronto Software, Epicor, Exact, UNIT4, and Flexi Software—but there are dozens of excellent systems from lesser known brands. Which one is best for your organization? To find out, simply use TEC's Accounting Software Comparison Reports to compare any three accounting solutions of your choice. You can choose from over 100 different solutions, Read More
Charting a Better Course for Your Business: Eight Rules for Investing in a New Accounting System
A good financial and accounting system should propel your business forward. It should give you the specific insights you need to spot the storms ahead, help you

an example accounting system  Accounting System A good financial and accounting system should propel your business forward. It should give you the specific insights you need to spot the storms ahead, help you maximize resources with streamlined processes, and be nimble enough to help you navigate the changing currents of today’s business environment. Download this white paper to make sure you have the facts straight about what to look for—and what to look out for. Read More
Rising to the Challenge: Productivity in Accounting and Finance Organizations
During these challenging times companies need to do more with less. This need extends throughout the organization-and companies' accounting and finance

an example accounting system  Challenge: Productivity in Accounting and Finance Organizations During these challenging times companies need to do more with less. This need extends throughout the organization-and companies' accounting and finance organizations are rising to the challenge. Know the most critical challenges faced by the CFO organization of companies in improving staff productivity and effectiveness of their operations according to research conducted by the Institute of Management Accountants (IMA). Read More
Vendor Spotlight: GMS Accounting and Financial Management System
In this spotlight report, TEC Research Analyst Aleksey Osintsev examines GMS Accounting and Financial Management System, which was specifically designed for not

an example accounting system  Spotlight: GMS Accounting and Financial Management System In this spotlight report, TEC Research Analyst Aleksey Osintsev examines GMS Accounting and Financial Management System, which was specifically designed for not-for-profit organizations. Learn all about GMS’s customers and marketing positioning, and how the software addresses the challenges for not-for-profit accounting. Also featured is a high-level overview of GMS Accounting and Financial Management System functionality. Read More

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