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Project-oriented versus Generic GL-oriented ERP/Accounting Systems
Caught between big-vendor ERP offerings requiring heavy customization, and off-the-shelf project management solutions that are easily outgrown, project-oriented organizations have special accounting needs. Find out more about those needs, along with recommendations for what solutions you should be taking a closer look at.
: Project-oriented versus Generic GL-oriented ERP/Accounting Systems Project-oriented versus Generic GL-oriented ERP/Accounting Systems P.J. Jakovljevic - September 24, 2008 Read Comments The unique business needs of project-oriented organizations, when addressed by large ERP vendors that offer general-purpose enterprise software, require heavy customization in order to work. On the other hand, when project-oriented organizations turn to small off-the-shelf project-management solutions, these solutions are
: Distribution One provides software solutions for wholesalers and distributors. The company's information management applications include functionality for:order entryaccounts payable (A/P)accounts receivable (A/R)customer relationship management (CRM)inventory managementpoint of sale (POS)general ledger (GL)purchasingsales analysisand many other modules To help customers transition from other software, Distribution One transfers items, customers, vendors, open accounts receivable, history, and other pertinent data.
FRx Poised to Permeate Many More General LedgersPart Two: Market Impact
Since FRx already has integrations built to over forty leading general ledgers (and now a scalable tool kit available to accommodate virtually all others), the idea was for users to leverage the investment they have already made in their GL and to add increased functionality as their needs become more sophisticated.
: report, either from the GL or from another data source, like a spreadsheet. Math formulas across columns can be applied too, as to identify variances, projections or percentages. Like with row format, once created, a column layout can be saved and used again. Reporting trees , which let users create a hierarchical picture of their organization to understand or change their organizational and reporting structures. An auto-build function constructs reporting trees directly from the organization s chart of
: WorkTech allows companies to manage their employees and their contractors in a single application. Employees and contractors can enter their labor charges, equipment rentals, and materials used against any level of detail including work order numbers, project codes, departments, GL accounts, grants, or anything else.
Embracing Complexity: A Speedy Business Performance Management Solution
Applix is a leading business intelligence and performance management vendor for Global 2000 mid-market organizations. For users considering implementing a solution such as Applix TM1, it is vital to consider key TM1 modules and strengths, along with opportunities for improvement.
: financial data from multiple GL systems can be consolidated to represent one view of GL and general financial data in real time. Product Challenges and Opportunities Applix needs to develop scorecarding capabilities and the ability to set metrics within its application, in order to develop a successful long-term strategy and to stay competitive within the market. Most other performance management vendors offer these features within their main product offerings, including leading BI vendors such as
Smooth Transition: Preparing for IFRS
Simplify your life with Smooth Transition: Preparing for IFRS. Read this whitepaper and learn everything about IFRS Transition! International Financial Reporting Standards (IFRS) are the reporting standards developed by the International Accounting Standards Board (IASB). IFRS is now required or permitted in nearly 100 countries, while others plan to adopt or align with IFRS soon. In the US, Generally Accepted Accounting Principles (GAAP) will soon be aligned with IFRS. Find out how this will affect your company, and what you can do about it.
: IFRS requirements into their GL and subledger systems while gaining the benefits of simplified charts of account and improved reporting structures, and remove the headache of manual adjustments to financial consolidation and reporting. This approach will reduce the scope of updates to primary systems so that the focus is on consolidation rules and IFRS reporting formats. Many US organizations will choose a phased standardsembedding process to convert their systems from US GAAP to IFRS. One of the keys to
10/16/2009 11:48:00 AM
FRx Poised to Permeate Many More General LedgersPart Three: Market Impact continued
While there is an opportunity for FRx to become a main pillar within the entire Microsoft BI product strategy, there is not yet an overall cohesive BI/CPM strategy or architecture to guide the product plans to an integrated BI solution set.
: already made in their GL and to add on increased functionality as their needs become more sophisticated. To that end, another recent addition to the FRx stable, MBS for AnalyticsForecaster (formerly FRx Forecaster), a Web-based budgeting and planning application, depending upon the GL that is in use, can work with or without FRx. The product has been delivered as to cater for the growing needs of the companies to be able to produce rolling budgets that account for changing conditions instead of being
ETO RFP Template
: Engineer-to-Order ERP (ETO) RFP Template covers industry-standard functional criteria of ETO that can help you easily gather and prioritize your business needs in a simple and categorized excel document. More than a RFP template, it is a working document that serves as a knowledge base reference throughout the life-span of your ETO software project. Includes: Financials, Human Resources, Manufacturing Management, ETO Project Management, Inventory Management, Purchasing Management, Quality Management, Workflow Management, Sales Management, and Product Technology
Solomon Stands the Test of Time Despite Changing MastersPart 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.
: for account-level security in GL. Also, alerts are not wizard-driven as is the case with some peer products, and there is only a limited choice of available attachments for messages. The Communicator features are only available within the Project Series , only with early stages of some similar functionality being replicated within the other series of modules. In addition to the product functionality gap, Solomon does not exhibit much of a vertical focus, given its VARs offer vertical solutions on an
Manufacturing Systems with an IQ: Beating the Odds, Mightily – Part 1 » The TEC Blog
has an incomparably better global presence. For its part, IQMS boasts a 98 percent customer retention rate and continuous profitability and growth, which traits have not always characterized QAD. Currently, IQMS has a total of over 500 corporate customers at over 1,000 locations in 4 continents and 11 countries. These user companies range from a single site with only 5 users to companies with 10 sites and an unlimited number of users. IQMS focuses on small-to-medium enterprises (SMEs ) in make-to-order
: automotive, edi, enterpriseIQ, ERP, iqms, Lean Manufacturing, medical devices, plastics, QAD, TEC, Technology Evaluation, Technology Evaluation Centers, Technology Evaluation Centers Inc., blog, analyst, enterprise software, decision support.
AS/400 Users’ “Phantom Limb” Pains » The TEC Blog
understanding, the interfaces for GL and accounts receivable (A/R), GL and fixed assets, and GL and invoicing (for example) are the core of any enterprise resource planning (ERP) system and must be there by default. Moreover, submodules of the same functional module cannot be interfaced to each other, simply because they are inherent parts of a whole. There are no such problems in any modern ERP software packages. • Odd report formatting concerns bring you to the era of early mainframe
: application, AS/400, enterprise resource planning, ERP, TEC, Technology Evaluation, Technology Evaluation Centers, Technology Evaluation Centers Inc., blog, analyst, enterprise software, decision support.
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