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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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Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
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 how much is it used in accounting


How to Embrace CRM and Make it Succeed in Your Organization
Customer relationship management (CRM) is growing in importance as a competitive tool. However, a successful CRM solution must consider many factors, including

how much is it used in accounting  implementation methodologies concentrate on how to make the technology work, they often lose focus on what makes a CRM solution a success ' the individuals using it. The back office accounting departments usually have clear well defined business processes, steeped in history with a tried and tested track record. There aren't many ways to process an invoice, a debit is a debit, and a credit is a credit. However, sales and marketing environments are historically individualistic. Individuals may have

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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

ERP for Fashion Industries

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 » how much is it used in accounting

What Is ERP in 2010?


When the term “enterprise resource planning” (ERP) was introduced, it applied primarily to the planning and management of resources needed to manufacture goods. Today, however, most business decision makers realize that their enterprises rely upon resources, and that planning is essential to optimize how those resources are acquired, allocated, and used. Learn how the definition of ERP has evolved, and what it means today.

how much is it used in accounting  integrated with other applications? How do you manage customer renewals and up-sells? Do you have multiple locations and/or vendors/partners who need to access certain parts of the system and that you need to collaborate with across locations? Do you need access to the system 24/7 and from multiple locations and on the road? Would you like KPIs [key performance indicators] and dashboards built in to the applications? Should they be real-time? Do you want visibility across leads, sales, customer Read More

Replenishment: What Is It exactly and Why Is It Important?


Replenishment is an area within operations where retailers can find a competitive edge. Excelling at replenishment enables implementation of promotional, pricing, and assortment strategies. Also, profit can be gained by minimizing inventory levels and reducing lost sales. This increases time for analysis and special projects, as it’s no longer necessary to fight the fires of overstock and out of stocks.

how much is it used in accounting  look forward and determine how much product to buy so inventory levels are preserved until the next expected receipt. Balance acquisition costs against carrying costs to calculate the most profitable order cycle. Acquisition costs include those related to PO creation such as transmission and payment, and PO handling costs such as receipt, check-in, and put away of the merchandise. Carrying costs include those related to the cost of capital and the physical cost of inventory such as taxes, insurance, Read More

How PPM Provides Direction in Uncertain Economic Times


Project portfolio management (PPM) is a process to obtain project management information of all resources, time, budget, and labor skills in order to align, manage, and review these elements--and to ensure deliverables are being met in terms of project milestones, in accordance with the work breakdown schedule. In a time of economic and business uncertainty, PPM may be the prescription to

how much is it used in accounting  ROI perspectives and understanding how these projects relate to overall business strategy initiatives. Additional Benefits PPM tools have been on the market for at least ten years, and economic slowdowns are not the only criteria to demonstrate PPM’s benefits. For example, the information collected from managing past projects can be used for estimating and planning future projects. If one can reduce subsequent project costs by as little as 5 percent spending on redundant processes and testing, then the Read More

Is ROI King In Evaluating IT Investments? Part 1. Should We Make the Investment?


IT managers should recognize that cash flow measurements are being increasingly used to evaluate IT investments, even though initial estimates of cash flows from IT projects are often hard to determine because underlying business assumptions can change. IT veterans all know that reconciling IT investments to the bottom line has been problematic.

how much is it used in accounting  Present Value) tells you how much richer in terms of dollars you will become by making the investment. Internal Rate of Return (IRR) calculates the discount rate percentage generated by the project. In IRR calculations the greater the discount rate percentage, the greater the return on the project. Both these tools have the common purpose of attempting to put a value on the cash flows that will be generated in the future from investments that are made today. For IT managers the message is pretty clear 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 much is it used in accounting   Read More

GMS Accounting and Financial Management System


The GMS Accounting and Financial Management/Reporting System integrates all accounting activity into an entity-wide system. The GMS Accounting system is not sold as separate modules, but rather as a package containing all the necessary functions to run your not-for-profit on a daily basis. Our underlying system design is entity-wide, providing you an integrated accounting system that performs all accounting activities. Systems are available in a 1–2 user version, a 3–4 user version, and a 5-or-more user version, either in Access or SQL Server applications. GMS has add-on software that can be purchased in addition to the basic package, including accounts receivable (AR), purchase orders (POs), direct deposit, fixed assets, and report writer. GMS also has a myriad of additional supplements to enhance your reporting features and that fit specific applications within your agency. GMS is designed to handle activity accounting. It is not a fund accounting system, but a grant and contract accounting system created and written specifically to account for grants, contracts, and activities. Key features include compliance with Financial Accounting Standards Board (FASB) 116 and 117 (requirements that all not-for-profit organizations follow); accounting, reporting, and budget monitoring for multiple grants and contracts, even if they have differing funding periods; multiple ways to handle important cost allocation issues for common costs, general and administrative costs, indirect costs, fringe benefits, leave costs, and various specialized cost pools; and a variety of ways to comply with all major Office of Management and Budget (OMB) Circulars. Our clients are exclusively not-for-profit and public organizations. They range in size from two to more than 1,000 employees.      

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Metadata Standards in the Marketplace - Why Do I Care? (And Where Does Godzilla Fit In?)


Metadata (“data about data”) is essential for data warehousing. Metadata standards allow different products to interact. Without standards, different vendors’ tools cannot work together seamlessly and the customer’s warehousing effort is greatly complicated.

how much is it used in accounting  data that tells you how to interpret it. Sometimes the metadata description can be deduced from the structure or the column names in a database; sometimes it is found in the programs that use it, and sometimes it resides only in comments or text. Frequently it is a combination of these. When dealing with a single database, the use of metadata is as natural as swimming is to a fish - and just as invisible as the water. However, when dealing with heterogeneous environments, things get much more opaque. As Read More

TEC 2013 Market Survey Report: What Organizations Want in Accounting and Financial Software


Looking for an accounting and financial solution? This report can help you spot trends in the accounting and financial software space. See what your peers and competitors are looking for in those solutions, so you can develop a good understanding of what accounting and financial software vendors offer, what other companies have identified as important requirements, and what functionality might be a good fit for your company.

how much is it used in accounting  accounting and financial software,financial packages,business accounting software,financial and accounting applications,accounting and financial information software system,financial and accounting software,TEC markey survey report,accounting and financial management software Read More

A New Discipline in E-mail Etiquette: Creating Confidence in Enterprise E-mail


E-mail is a powerful business tool that most enterprises can’t live without. Unfortunately, along with its capability of accelerating commerce, productivity, and social interactions, there are some drawbacks—such as spam! Companies that rely on e-mail to do business simply can’t afford the negative affects of spam. However, new technology is emerging that helps stop spam and allows users to get on with business.

how much is it used in accounting  negative affects of spam. However, new technology is emerging that helps stop spam and allows users to get on with business. Read More

Role of In-memory Analytics in Big Data Analysis


Organizations today need to handle and manage increasingly large volumes of data in various formats and coming from disparate sources. Though the benefits to be gained from analysis of such big data are immense, so are the inherent challenges, including need for rapid analysis. In his article, TEC BI analyst Jorge García discusses how in-memory analytics helps address these challenges and reap the benefits hidden in big data.

how much is it used in accounting  Now let’s look at how they can help address the challenges associated with big data.   In-memory Meets Big Data So, how do in-memory technologies fit within the big data spectrum? As the volume, variety, and the processing speed of data increases, organizations will need increasing amounts of data to be collected and analyzed as part of the decision-making process. This information will also need to analyzed in timely manner to confer a competitive advantage. For some organizations, the latency Read More

Prepare for the Quantum Leap in Real-time Analytics: How In-memory Analytics Is Going to Change Everything about Your Enterprise


For business leaders facing the radical, disruptive change represented by in-memory analytics, the response may range from enthusiasm and advocacy to apprehension and fear. Regardless of your particular posture, the smart company needs to understand how in-memory works and what it represents, and craft a purposeful roadmap for their in-memory future. Download this primer on in-memory analytics to learn what it all means for you.

how much is it used in accounting  Leap in Real-time Analytics: How In-memory Analytics Is Going to Change Everything about Your Enterprise For business leaders facing the radical, disruptive change represented by in-memory analytics, the response may range from enthusiasm and advocacy to apprehension and fear. Regardless of your particular posture, the smart company needs to understand how in-memory works and what it represents, and craft a purposeful roadmap for their in-memory future. Download this primer on in-memory analytics to Read More

2011 Buyer's Guide to Accounting and Financial Software


Learn more about theadvantages of the new generation of finance and accounting systems in The 2011 Buyer's Guide to Accounting and Financial Software...

how much is it used in accounting  Corporation . You'll discover how new approaches—and new technologies like cloud computing—can deliver instant, up-to-date, available—anywhere financial data. All of which means better, faster execution and decision making, and a quick ROI. Find out how easy it is to bring your financial and accounting software into the modern era. Download your PDF copy of The 2011 Buyer's Guide to Accounting and Financial Software today. For assistance, please contact customer service. Hours: 8:00 AM to 5:30 PM Read More

10 Strategies for Getting the Right ERP and Accounting Solution


That's where the white paper 10 strategies for getting the right ERP and accounting solution comes in.

how much is it used in accounting  only if you know how to play your cards right. That's where the white paper 10 Strategies for Getting the Right ERP and Accounting Solution comes in. You'll find tips, strategies, and angles to get the best up-front deal on a new ERP finance and accounting system —and to help you get your new system up and running as quickly as possible. From tips on how to think outside the box to strategies on widening your search, you'll find it all in this practical guide to getting the right ERP system, at the Read More