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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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 focus 5.5 accounting

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

Discrete 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, and human resources). Many systems include, with varying degrees of acceptance and skill, solutions that were formerly considered peripheral such as product data management (PDM), warehouse management, manufacturing execution system (MES), and reporting. 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 foundation of any ERP implementation must be a proper exercise of aligning customers'' IT technology with their business strategies, and subsequent software selection. 

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Documents related to » focus 5.5 accounting

Solomon Stands the Test of Time Despite Changing Masters Part Four: Challenges and User Recommendations


Microsoft Business Solutions (MBS) announced the availability of Microsoft Business Solutions Solomon 5.5, which includes several new features and enhancements in the product's Foundation Series, Financial Series, Project Series and Service Series of modules. This part covers the vendor’s challenges and makes user recommendations.

focus 5.5 accounting  and a particular industry focus (outside of Solomon''s holy grail of project-driven, professional services, distribution, and construction markets) from a single vendor may benefit from evaluating other products at this stage. Large companies with complex supply chains and business process requirements should consider the enterprise applications vendors with products and channels better suited to support those needs. Despite the plausible product roadmap (i.e. the next-generation enterprise software Read More

Great Plains on a Shopping Spree


On January 6, in an effort to expand its customer base and reseller partner channel Great Plains, a provider of financial management software for midsize businesses, announced it plans to acquire RealWorld Corp., a developer of accounting and business solutions. In a separate move, Great Plains also unveiled plans to acquire Fixed Asset Management LLC, a wholly owned subsidiary of The Forestar Group to gain the rights to Forestar's Fixed Asset Management product, which allows a company to record, track, depreciate, and analyze its fixed assets.

focus 5.5 accounting  Strong Channel and Microsoft focus for Dynamic(s) Growth January 3rd, 2000), Great Plains should be included on any package selection short list within the Small-to-Medium Enterprises (SME) market where electronic business and financial modules are the main pillars of an enterprise application. However, any organization evaluating Great Plains should consider existing functionality only, and, in the case of final selection, should negotiate incorporation of new applications components now at negotiated Read More

Solomon Stands the Test of Time Despite Changing Masters


It appears that several of Microsoft Business Solutions (MBS) Solomon's truly differentiating traits, which could not have been easily or quickly replicated by its seemingly more robust brethren products within the MBS division, will have been a good enough reason for Microsoft to continue to bolster the product rather than to consider any other less popular options (e.g., stabilization and replacement) to offer to Solomon's loyal customer base and resellers, some of which will have even feared the possibility.

focus 5.5 accounting  product and its continued focus on vertically-oriented functionality while balancing strategic investments in broadening the functional footprint. The future should bring the delivery of Microsoft Business Portal (formerly shortly referred to as Microsoft Business Desk ) as a replacement for the Solomon Desktop portal application, as well as the delivery of Microsoft Customer Relationship Management (MS CRM) integrated with Solomon, increased integration between Solomon and other Microsoft products, and a Read More

Agile ERP Vendor Ditches a Microsoft Dynamics CRM Alliance for, well, its own CRM Solution (Part I)


Writing about failed partnerships in the enterprise applications market is like writing about the sun setting in the evening and to the west, given almost daily occurrences of vendors announcing alliances that never materialize. However, it doesn't happen every day that a potential high-profile alliance gets called off at the 11th hour and in favor of an overlooked in-house solution. The

focus 5.5 accounting  foundation , with the focus of complete insulation of business logic from data. While unjustifiable  physical changes in data are not allowed (for integrity and consistency sake), data is captured and coded by many attributes like Dimension (e.g., Name), Measurement (e.g. Salary), Time (e.g., Fixed or Within Range), and so on. This makes business change much easier (often with no required IT expertise), faster (often in an elegant drag-and-drop fashion) and more efficient (with no pesky data re-entry, r Read More

Solomon Stands the Test of Time Despite Changing Masters Part Two: Market Impact


MBS Solomon, due to its distinct differentiators and weaknesses has been blessed in disguise with possibly the most distinct niche and the least overlap (gray area) with the other MBS ERP products (i.e., MBS Great Plains, MBS Navision, and MBS Axapta).

focus 5.5 accounting  ago, with a traditional focus on accounting software, former Solomon Software had evolved to a vendor run by professional corporate management and that eventually offered a much broader and deeper product portfolio prior to being acquired in 2000. Solomon designed, marketed, and supported its flagship product Solomon IV, a financial and business management system for small to medium enterprises (SMEs), which it introduced in 1994 as a suite of over fifty standard modules, running solely on Microsoft SQL Read More

Have You Outgrown Your Accounting Solution? Six Criteria to Consider


When your company grows, your accounting software needs to grow with it. Learn about the considerations that go into deciding when it's time to move up to a more powerful financial solution.

focus 5.5 accounting  financials, SMB financials, accounting solution, SMB accounting, SMB integration, SMB automation, SMB financial solution Read More

JDA FOCUS 2010 Impressions - Part 2


Part 1 of this blog series talked about my attendance of the JDA FOCUS 2010 conference on the heels of the recent merger between JDA Software (NASDAQ: JDAS) and i2 Technologies. The article first discussed the different geneses and cultures of the two merging parties. One major outcome of the conference was JDA’s unveiled plan to converge most of its existing and acquired

focus 5.5 accounting  FOCUS 2010 Impressions - Part 2 Part 1 of this blog series  talked about my attendance of  the JDA FOCUS 2010 conference  on the  heels of the recent merger between JDA Software  (NASDAQ: JDAS) and i2 Technologies . The article first discussed the different geneses and cultures of the two merging parties. One major outcome of the conference was JDA’s unveiled plan to converge most of its existing and acquired product sets. To that end, JDA pledged several key commitments to its customers, 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.

focus 5.5 accounting  market for Red Wing. Focusing on financial management tools for producers (farmers and ranchers) and agribusinesses, AgCHEK and Perception Accounting are Ag-specific and recommended over general purpose, small business products. Cow/Calf is a complete herd management tool with analytical reports that track individual animal information, veterinary history, weaning, yearling, etc. for bulls, cows and their calves. Crop/Chemical and Livestock Management are comprehensive production management applications t Read More

Microsoft's Cloud-first Focus


As part of Microsoft’s TECHED Conference in New Orleans, Satya Nadella President of Server @ Tools Business at Microsoft, sent an internal mail to all Microsoft employees, which has been shared on the official Microsoft blog. The mail sheds some light on Microsoft’s new offerings shares details regarding where Microsoft is in its ongoing cloud-first focus strategy. The mail

focus 5.5 accounting  s Cloud-first Focus As part of Microsoft’s TECHED Conference in New Orleans , Satya Nadella President of Server & Tools Business at Microsoft, sent an internal mail to all Microsoft employees, which has been shared on the official Microsoft blog . The mail sheds some light on Microsoft’s new offerings shares details regarding where Microsoft is in its ongoing cloud-first focus strategy. The mail describes how Microsoft has made deep organizational changes in order to shift the company’s 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-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.

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Accounting and Small Business Software


Accounting systems manage procedures for accurately entering, tracking, and maintaining information related to an organization's financial operations. These accounting applications typically support general ledger (GL), accounts payable (A/P) and accounts receivable (A/R), payroll, job and project costing, and multinational accounting. Many small to medium businesses (SMBs) require that other functions (such as inventory control, manufacturing management, and financial reporting) also integrate with their accounting system.

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How to Choose an Accounting System


If you're thinking about implementing a new accounting system, you'll want to gather all the facts before making a decision. The new system can impact nearly everyone in your corporation, so each decision is critical. The task is substantial and it can be tough to stay within your budget. This guide can help you get started in the right direction.

focus 5.5 accounting  accounting system, Equation Technologies, accounting software Read More

Deacom Integrated Accounting and Enterprise Resource Planning Software System v.10.4 for Mixed-mode ERP Certification Report


The Deacom product Deacom Integrated Accounting and Enterprise Resource Planning Software System (v.10.4) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for mixed-mode manufacturing in the ERP Evaluation Center. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

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UNIT4’s Renewed Focus on the User


Netherlands-based enterprise software player UNIT4 recently announced several changes to the company's offerings and a revamped set of strategic directions. TEC ERP analyst Aleksey Osintsev looks at how UNIT4 is bringing a fresh approach to people-centric application building with efforts such as increased user-focused and forward-looking capabilities and the introduction of the new UNIT4 People Platform.

focus 5.5 accounting  Renewed Focus on the User Recently UNIT4 ’s CEO Jose Duarte and global head of product marketing Ton Dobbe held a press conference where they announced a few important changes to the company’s offerings.   UNIT4, a Netherlands-based player in the enterprise software market that delivers multiple applications to its predominantly service-centered customers, is a significant global player, employing more than 4,000 professionals in 25 countries and boasting an impressive 525 million Euro Read More