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 how does statistic apply to accounting


Less Stock, More Profit: Inventory Optimization
Inventory optimization is the area where most enterprise resource planning (ERP) software implementations get the highest and fastest return on investment (ROI)

how does statistic apply to accounting  be classified based on how they are handled. Each product segment has to have a strategy defined for it based on a range of parameters, such as what should be kept in stock, what items should be focused on and what inventory policies should be used in order to calculate the forecasts that ensure optimal service level and order quantities. Calculate forecast Calculating a forecast is the most critical part of inventory optimization. Inaccurate forecasts result in either overstock or understock, both of

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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.

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Documents related to » how does statistic apply to accounting

Benchmarking ERP in SMB


Many small companies have limited resources to devote to the implementation and maintenance of enterprise resource planning (ERP). Fortunately, the price performance of ERP and the underlying infrastructure supporting it have improved steadily and significantly over the past two decades. In fact, solutions that were once beyond the reach of these small companies are now well within their grasp.

how does statistic apply to accounting  using 27.6% of ERP. How does this compare for small companies? We found small companies using a slightly lower percentage (62.2%) of the functionality of the modules implemented, which results in a weighted average of 25.7%. Total Cost of Ownership Aberdeen's ERP in Manufacturing Study actually recognized three different elements of total cost associated with ERP implementations: Amount spent on software Amount spent of external services Internal costs While internal costs are known to be a significant Read More

Informix to Acquire Ardent Software-Another Vendor's Attempt at End-to-End Data Warehousing


Informix« (NASDAQ: IFMX) and Ardent Software (NASDAQ: ARDT) today announced that they have reached a definitive agreement to combine their operations in a transaction valued, on a fully diluted basis, at approximately $880 million, based on the closing price of Informix common stock on November 30, 1999. The combination creates a $1 billion company in open software infrastructure for what Informix refers to as the "i.Economy". Ardent's components and solutions will continue to be marketed independent of the underlying database technology.

how does statistic apply to accounting  Only time will tell how successful this combination will be. Ardent has always been database independent, and Informix has stated that that Ardent will remain that way, but we feel that customers may now have the perception that Ardent is in some way tied to Informix databases. This is likely to affect Ardent's sales cycles, at least in the short term. It would also be wise for Informix to allow the current Ardent management to retain control over the DataStage portion of the business, as they have been Read More

Got BI? Now You Need to Hire a Data Geek. Here’s What to Look For.


According to a poll conducted by KDnuggets, salaries in the analytics and data mining space are up in 2011. While there is no direct proof that the data explosion is increasing the need for business intelligence (BI) or business analytics (BA) specialists, it’s only natural that the increase in BI software adoption and demand for analytics should promote the growth of BI job offerings.

how does statistic apply to accounting  a complete view of how the organization is performing. And BI initiatives are being positioned among the highest priorities for many organizations. While many large organizations are using state-of-the-art BI solutions to power their decision-making processes, some others, especially small to medium businesses (SMBs), are just starting to discover the use of BI solutions for data analysis and for supporting their business decisions. And companies that are adopting data-driven strategies are also upping Read More

How to Unbalance Your Scorecard to Better Measure Business Performance


The Balanced Scorecard is one of the most popular methodologies for measuring business performance, with a view to enhancing it. First made popular in the early 1990s, this performance management framework was intended as a tool to provide managers with a more complete and “balanced” view of their organization’s performance by including nonfinancial metrics and key performance indicators (KPIs) in

how does statistic apply to accounting  and individual employee practices. How these four perspectives combine is their “balance.” All four perspectives deserve equal consideration. To keep them in balance, you need to be aware that changes in any one domain will impact the other three. While the theory sounds simple, in practice things can be quite different. Theory and Reality Tad Leahy in his article, “ Tailoring the Balanced Scorecard ,” remarks that: Most companies don’t embrace the textbook approach to performance measurement Read More

Quote-to-order: One Big, Lean Machine Adds High Tech to Its Mix


BigMachines differentiates itself in the quote-to-order (Q2O) sphere due to its solutions’ lean end-to-end, inquiry-to-order focus. Although there are other vendors offering Q2O as a service, BigMachines product is arguably more flexible, as high tech manufacturers may be noting.

how does statistic apply to accounting  one may never know how much longer the investors will patiently wait for the true payday. Also, BigMachines' subscription pricing per user per month is somewhat higher than its SaaS peers. While the vendor claims that it is good value for its leading product on the market (which also involves embedded reporting and analytics), others might look at it as the company's somewhat desperate need to grow faster and generate more cash flow for its investors. However, BigMachines believes premium products Read More

6 Reasons to Switch to Cloud-based Expense Management


Many businesses have begun to realize the extent of the benefits offered to them by automated expense management. These programs—which allow expense information to be stored digitally and expense reports to be generated automatically—are about to become standard across all sectors of industry. Here are six ways cloud-based expense management can benefit companies.

how does statistic apply to accounting  T&E, travel and expense management, T&E solution, T&E management, cloud-based expense management, on-demand analytics, T&E policy Read More

Three Simple Steps to Rev Up Your “Stay at Work/Return to Work” Program


For most midsize and large companies, a “stay at work/return to work” (SAW/RTW) program has become a necessity. The impact of unscheduled absence within business operations can be severe, resulting in disrupted workflow and reduced productivity or output. Implementing a SAW/RWT program to properly manage absence and disability can address these and other issues, significantly reducing costs. Learn more about the benefits.

how does statistic apply to accounting  Presagia,health management intelligence,absence management,disability management,employee absence,employee absenteeism,employee rehabilitation,unscheduled absence,stay at work program,return to work program,SAW/RTW program,manage absence,manage disability,absence and disability costs,productive employees Read More

Ariba to Leave Integration to Specialists


E-purchasing vendor Ariba chooses Tibco Software to integrate back-end programs.

how does statistic apply to accounting  to Leave Integration to Specialists Event Summary Business-to-business E-purchasing company Ariba Inc. (Nasdaq: ARBA) has selected software tool maker Tibco Software Inc. (Nasdaq TIBX) to help Ariba's customers connect their backend enterprise systems to the Ariba Network. Ariba supplies its own software to connect its customers to systems by vendors such as SAP, PeopleSoft, Oracle and Baan, but according to Ariba VP Dave Rome, the use of specialists such as Tibco will be more efficient. Market Impact Read More

How to Optimize ERP to Meet Wholesale Distribution Challenges


Efficient procurement and sourcing. Storing and moving inventories. Attracting and retaining customers. Such challenges have an impact on wholesale distributors’ revenues, competitiveness, and profits. To make timely and informed decisions that can impact your business, you need answers to questions like “How can I offer value-added services to improve customer loyalty?” Get the answers to this and other key questions.

how does statistic apply to accounting  to Optimize ERP to Meet Wholesale Distribution Challenges Efficient procurement and sourcing. Storing and moving inventories. Attracting and retaining customers. Such challenges have an impact on wholesale distributors’ revenues, competitiveness, and profits. To make timely and informed decisions that can impact your business, you need answers to questions like “How can I offer value-added services to improve customer loyalty?” Get the answers to this and other key questions. 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.

how does statistic apply to accounting   Read More

How to Reshape Your Supply Chain Network (and Why You Need to Do It Now)


The landscape of the supply chain has changed drastically over the past five years. It went from local to global in manufacturing, procurement, sourcing, logistics, and customers. As such, there are some major challenges in the supply chain network: There are no boundaries within the network. There are no physical or virtual boundaries left within the supply chain. For example, the

how does statistic apply to accounting  Now, the daunting question: How can an organization eliminate these challenges/risks and still make its supply chain work accordingly. The answer: E-commerce . E-commerce is an electronic exchange of data or a transaction, like an electronic funds transfer (EFT), or an electronic data interchange (EDI).  E-commerce within the supply chain helps create links for each business process. This allows organizations to communicate and collaborate with trading/business partners. There are benefits for using Read More

Accounting for SMB Showdown


I'm Larry Blitz, editor of TEC's Vendor Showdown series. Today's Showdown pits two major enterprise resource planning (ERP) and accounting for small to midsized business (SMB) vendors against each other, head-to-head: Exact Software North America (a division of Exact Software) and Infor.

how does statistic apply to accounting  SMB vendors and solutions, how do you determine which accounting solutions are the best fit for your company's unique needs? We recommend you do a quick comparison using TEC's Accounting Evaluation Center . TEC's Accounting Evaluation Center allows you to set priorities that reflect your organization's business model and special needs at every level of functionality. At the modular and submodular levels—even down to the individual criteria—you can tell the system which business processes are Read More

How to Boost Your WAN to Top Speed


While globalization can bridge distances and enhance communication, the story is a little different when it comes to wide area networks (WANs) and their effects on branch application performance. High-latency connections and chattiness cause slowed data transmission, and consequently, decreased user productivity. But there is light at the end of the tunnel: a fast branch office application delivery infrastructure.

how does statistic apply to accounting  application delivery. No matter how fast the WAN circuit - or its implementation (VPN, MPLS, Frame Relay, etc.) - WAN throughput decreases as WAN distance increases. Sheer distance, alone, contributes to latency; however, other factors are also to blame. TCP Limitations TCP/IP is notoriously inefficient in coping with high-latency connections, where TCP windows don't adjust rapidly. When a packet drops, for example, data recovery mode reduces the window in half and resends missing packets and/or the Read More

Accounting Seed


Accounting Seed Financial Suite is an accounting and ERP application that is native to the force.com platform and fully integrated into Salesforce CRM. The application was designed by a team of certified public accountants, Force.com developers, and business process consultants. Accounting Seed Financial Suite is a horizontal offering providing all industries with a back-office accounting suite that includes project accounting, ERP, and robust financial reporting.  

how does statistic apply to accounting   Read More