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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

best accounting ratios  Technology Solutions and Infrastructure Best Practices Framework for Improved Business Processes These three parts are crucial to deliver different elements of support to the Controller, as shown in Figure 1. Finance staff is needed to deliver accounting expertise for everyday issues like expense and revenue accounting, cash management and tax preparations support. Technology solutions provide avenues (e.g., Software-as-a-Service, cloud computing configurations) for real-time access to data and financial Read More

Warehouse Management Systems (WMS)
A warehouse management system (WMS) should provide database and user-level tools in order for a company to optimize its storage facilities while at the same time providing user level task direction...
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Documents related to » best accounting ratios


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

best accounting ratios  of ERP Investments Part 1: Quantifiable Benefits from an ERP System Originally published - February 13, 2004 Justification of ERP Investments* The expected return on investment provides the cost justification and motivation for investing in ERP. There are quantifiable benefits as well as intangible benefits in the ERP investment decision. The quantifiable benefits have a bottom-line impact on profitability, asset turnover, and a potential effect on stock value. This section discusses the Read More
Giving a Business Process Management Edge to Enterprise Resource Planning
By providing business process management functionality, Exact hopes to bring competitive enhancements to enterprise resource planning systems used by small and

best accounting ratios  about a quarter (at best) of an organization, while bundled tools offered by e-Synergy could virtually reach every employee, bringing all employees into the process and tying them more closely to the company's business goals. Though traditional ERP systems cater to the core processes of service- and manufacturing-oriented organizations, there has long been a gap of workplace processes within an organization that yearns for some serious streamlining. For example, IT supported process optimization used to Read More
Why Are CRM and Analytics Intrinsically Connected?
The new metrics of customer profitability, lifetime value, and wallet share are needed to supplement the traditional metrics of market share and penetration

best accounting ratios  and media that will best meet customer needs while delivering profitability to the company. Its functional components include customer data cleansing, analysis tools, and campaign management systems. MA also enables new metrics, such as customer profitability, lifetime value, and wallet share to supplement the traditional metrics of market share and penetration. All of these tools focus on determining what an enterprise's strategy should be during each customer interaction and these interactions fall Read More
Justification of ERP Investments Part Four: Replacing or Re-implementing an ERP System
An investment analysis focusing on enterprise resource planning (ERP) benefits frequently applies to those firms initially justifying an ERP implementation. It

best accounting ratios  bottom-line results provide the best measure of success. Another measure of success is the degree to which the formal ERP system is used to run the business. Four classifications -termed Class A through Class D--have often been used to characterize success. Figure 3.5 summarizes these classifications of ERP success. Class A User . The formal ERP system is effectively used to run the entire company. The manufacturing database defines the way products are really built, and efforts have been undertaken to Read More
DNS Best Practices
Domain name system (DNS) best practices are becoming more standardized. However, DNS services are often overlooked simply because they are so commonplace. The

best accounting ratios  Best Practices Domain name system (DNS) best practices are becoming more standardized. However, DNS services are often overlooked simply because they are so commonplace. The result is poorly configured services that are either not fully functional, or easily compromised. To ensure that the Internet remains a reliable medium for information and commerce, further implementation of secure and efficient DNS will be required. Read More
WineDirect Acquires Winery Accounting and POS Provider
WineDirect announced that it has acquired Elypsis Winery from Admiral IT. Headquartered in Napa Valley, CA, WineDirect provides sales technology and fulfillment

best accounting ratios  Acquires Winery Accounting and POS Provider WineDirect announced that it has acquired Elypsis Winery from Admiral IT. Headquartered in Napa Valley, CA, WineDirect provides sales technology and fulfillment services for wineries. Elypsis offers a range of services encompassing enterprise resource planning (ERP), point of sale (POS), and customer relationship management (CRM). WineDirect already provided a broad range of services to help wineries sell more wine direct to consumer (DTC), including Read More
Cougar Mountain Accounting
Cougar Mountain Accounting is a complete accounting software package that combines general ledger with accounts payable, accounts receivable, order entry

best accounting ratios  Mountain Accounting Cougar Mountain Accounting is a complete accounting software package that combines general ledger with accounts payable, accounts receivable, order entry, data exchange, and the Cougar Mountain R & R Report Writer. Designed for active and growing businesses, Cougar Mountain Accounting provides quick and accurate data on sales, inventory, and customers. Read More
Credit Accounting Firm with E-procurement Initiative
Top accountant and auditor PricewaterhouseCoopers creates an E-purchasing marketplace and portal.

best accounting ratios  It will also cover best practices, contract negotiation, and other content areas. The marketplace was launched in the United States and will expand to Canada, Europe and countries in Asia and the Pacific early next year. Market Impact Like the similar announcement by TD Bank of Canada (See TEC News Analysis article: Bank is First Mover in Canadian E-Commerce December 27th, 1999), PricewaterhouseCoopers is taking the position that anyone can create a marketplace. While the largest financial consulting Read More
Running and Optimizing IT: A Best-practice Approach
IT has long been one of the best ways to address business challenges. Yet significant obstacles at the level of IT infrastructure stand in the way. Siloed IT

best accounting ratios  as one of the best ways to address these challenges. Yet significant obstacles at the level of IT infrastructure stand in the way. Complexity, not surprisingly, is the chief culprit. Many organizations operate within the context of heterogeneous, distributed IT landscapes comprising loosely integrated point solutions. This condition encourages siloed IT operations and rigid IT management processes that impede business agility. In the end, the complexity and the rigidity of IT infrastructure keep IT Read More
Navigator Business Solutions Navigator One for SAP Business One (v88) for Accounting Certification Report
Navigator One for SAP Business One (v88) is now TEC Certified for online comparison of accounting software in TEC's Evaluation Centers. The certification seal

best accounting ratios  Navigator One shows its best competitive advantage compared to the average solution. This is due to the combination of existing SAP Business One functionality, enhanced by add-ons created by Navigator to address the specific needs of manufacturing companies (e.g., Production One, Production One APS). This also explains the dominance of Navigator One for Inventory, Order Entry, Multinational Accounting, and Job and Project Costing. More details for the modules in the Dominant zone are available in the Func Read More
i2 To Power Best Buy
Since introducing its first cavernous superstore in 1989, the Minnesota-based discount retailer has grown rapidly to over 350 stores in 39 states. The company

best accounting ratios  To Power Best Buy i2 To Power Best Buy S. McVey - June 29, 2000 Event Summary Consumer electronics supermarket Best Buy, Inc. announced it would license a suite of supply chain management applications from i2 Technologies to help it integrate strategic planning with merchandise and financial planning, enhance its ability to sell merchandise over the Internet, and link operations of its online and retail stores. Best Buy will implement i2's applications for demand planning, supply chain planning, Read More
Microsoft to Add
By adding nonprofit and public sector accounting capabilities to the forthcoming MBS Great Plains 8.0 release via acquiring a former independent software vendor

best accounting ratios  to Add Encore Functionality to MBS Great Plains 8.0 Part One: Event Summary Event Summary On April 27, Microsoft Corporation 's (NASDAQ: MSFT) Microsoft Business Solutions ( MBS ) division announced the acquisition of accounting products from a Winnipeg, Manitoba, Canada-based vendor, Encore Business Solutions , Inc ., that could be critical to the success of the customers and partners in the public sector. The acquisition includes Encore's not-for-profit (NFP) accounting products and the Read More
How to Get Closer to Your Best Customers
In the white paper Get Closer to Your Best Customers, you'll find a host of new ideas and proven best practices for dealing with customers more e...

best accounting ratios  Get Closer to Your Best Customers If this tough business climate is forcing you to find new ways of doing business , you're not alone. Many businesses are searching for new strategies to help them prosper. Customer attitudes and spending patterns have changed as well. In the white paper Get Closer to Your Best Customers , you'll find a host of new ideas and proven best practices for dealing with customers more effectively. You'll learn the four key things you can do to get close to your customers, how to Read More
From Accounting to ERP: A Road Map for Growing Small Businesses
To find out what you need to know about ERP systems for growing small or midsized businesses, download your copy of from accounting to erp: a road ...

best accounting ratios  Accounting to ERP: A Road Map for Growing Small Businesses You may have hit a wall without knowing it. Your business may be getting too big to continue growing with stand-alone desktop applications like spreadsheets, contact managers, and basic accounting software. If you're having trouble eliminating business process bottlenecks, increasing productivity, or improving customer service, it could be time for you to leave your desktop applications behind— and graduate to an enterprise software solution Read More

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