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Taking Stock of Infor’s HCM “Inventory Items” - Part 1
What TEC’s recent in-depth article Waking Up to a “New Day” at Infor hinted, my attendance of Inforum 2012 in late April confirmed. Namely, Infor started out as

accounting skills competencies  and teacher contract (grant accounting) capabilities, all of which Lawson HRMS excels at in the US market. Lawson Performance Management for Healthcare , based on the 2006 CAS (Competency Assessment Solutions) acquisition, is still a differentiation, but is available only in the US, as is Lawson HR. Part 2 of this series will analyze the current state of affairs of the Infor10 HCM portfolio and try to make sense out of this overwhelming cornucopia. In the meantime, your comments, thoughts, suggestions, Read More
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 or...
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Documents related to » accounting skills competencies


Reconnecting with a Tried-and-True Manufacturing ERP Vendor
What has QAD, a leading provider of enterprise applications for global manufacturing companies, been up to lately? TEC principal analyst P.J. Jakovljevic

accounting skills competencies  for differing legal requirements, accounting practices, etc. Customers can select centralized, decentralized, or hybrid computing architectures—with their enterprise running from both central resources and local resources. QAD customers can also configure their systems to support dynamic business models, and easily reconfigure their systems to reflect business structure modifications, such as divestments or acquisitions. TEC: What mobile and BI ( WhereScape Red –based) applications are generally Read More
The Hidden Gems of the Enterprise Application Space
Given ever-shorter product life cycles and companies' ever-increasing reliance on third parties to increase customer satisfaction, the need for some form of

accounting skills competencies  back-office applications like financial accounting and inventory management systems. Consider Direct Materials However, direct materials are where enterprises need to pay more attention to detail as to further save costs and leverage suppliers' expertise beyond customary catalog browsing and hunting for the cheapest commodity. Direct materials that go directly into the final products are often more critical to the bottom line, as they contribute to the costs of the finished goods and services provided to Read More
Managing Business Risk in Industrial Equipment and Supply
Industrial equipment manufacturers and maintenance, repair, and operations (MRO) distributors can’t afford to miss bidding deadlines, delivery dates, product

accounting skills competencies  of business functions including: accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the Industrial Equipment and Supply Industry. Searches related to Managing Business Risk in Industrial Equipment & Supply : Business Plan Risk | Business Process Risk | Business Risk | Business Risk Analysis | Business Risk Assessment | Business Risk Evaluation | Business Risk Management | Business Risk Managment | Business Risk Models | Read More
An Unusual Human Capital Management Suspect
With Infor Human Capital Management (HCM) 3.0, Infor has combined transactional and strategic human resources functionality with planned integration to its

accounting skills competencies  for payroll and year-end accounting, including compliance with US Equal Employment Opportunity (EEO) laws, and the US W2, 1099, and 1099R forms. It also includes compliance with Canadian T4, T4A, and other germane forms. There is a plethora of earnings and deductions combinations, as well as support for basically any type of payroll period (weekly, biweekly, semimonthly, monthly, and special [executive] pay cycles). Other notable features are possible overrides of earnings, deductions, and taxes; 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

accounting skills competencies  Systems Red Wing Software Accounting for SMBs: A Solution Beyond Entry-level Systems Red Wing Software Red Wing Software Featured Author - Charles Chewning Jr. - January 21, 2005 Introduction The market for middle-market accounting software spans a large range based on price, functionality, and the size of the target organization. Most people are familiar with entry level products such as QuickBooks , Peachtree , and Simply Accounting and they are equally familiar with higher-end products such as Read More
Charting a Better Course for Your Business: Eight Rules for Investing in a New Accounting System
A good financial and accounting system should propel your business forward. It should give you the specific insights you need to spot the storms ahead, help you

accounting skills competencies  Investing in a New Accounting System A good financial and accounting system should propel your business forward. It should give you the specific insights you need to spot the storms ahead, help you maximize resources with streamlined processes, and be nimble enough to help you navigate the changing currents of today’s business environment. Download this white paper to make sure you have the facts straight about what to look for—and what to look out for. Read More
The Certification of an ERP Accounting Package


accounting skills competencies  Certification of an ERP Accounting Package I recently completed a certification exercise for the Flexi Software’s FlexiFinancials package, a functionally rich accounting package that is complete in every way and geared for the banking, insurance, and financial services industries. A package that has integrated business objects with drill-down searching and with full functional and reporting capabilities. We proceeded as follows: I prepared a certification document that I e-mailed to Flexi­ Software Read More
Unlocking the Value of Competencies: A Look at Competency-based Management
Does your company know the competencies it has and those it needs to support business growth? TEC analyst Sherry Fox looks at how a competency-based approach

accounting skills competencies  the Value of Competencies: A Look at Competency-based Management For those of you that are new to the concept of competencies, let me start by defining what a competency is in relation to human resource (HR) management activities, such as recruiting, learning, performance management, and succession planning. According to Wikipedia, a competency is the state or quality of being adequately or well qualified physically (and intellectually) to perform a specific task or role. To explain further, a Read More
How to Compare the Real Cost of Accounting Software: 30 Questions to Ask Before You Sign the Contract
Once you decide it’s time to upgrade the enterprise resource planning (ERP) for accounting system, the next question is: “How much does it cost?” However, many

accounting skills competencies  the Real Cost of Accounting Software: 30 Questions to Ask Before You Sign the Contract Once you decide it’s time to upgrade the enterprise resource planning (ERP) for accounting system, the next question is: “How much does it cost?” However, many variables factor into the total project price—and software is only a fraction of that. Discover 16 insider tips that can help you save money, as well as 30 specific questions to ask your software vendor, so you can avoid hidden costs and understand the 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.

accounting skills competencies  the Right ERP and Accounting Solution If you're a midsized business looking for an enterprise resource planning (ERP) solution, the market trends are all on your side: ERP vendors are hungry for your business. Big vendors (SAP, Oracle, etc.) now have great products for small and medium businesses (SMBs). Traditional mid-market vendors are fighting back with more features and incentives. With all the big trends aligned in your favor, you can come out the winner—but only if you know how to play your 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

accounting skills competencies  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. Read More
Infinium Returns To Its Core Competencies To Succeed Part 1: Recent Announcements
2000 and 2001 were difficult times for Infinium resulting in a substantial decrease in revenue and significant restructuring. After a thorough soul-searching

accounting skills competencies  operations, from formula to accounting, and unites everyone in its organization, from operations managers to the CFO. All departments, from human resources to shipping, reportedly operate from the same page, with the same updated information, creating administrative efficiencies from division to division and allowing for timely adjustments according to market demands and fluctuations. For example, Infinium Advanced Planning helps Crest Foods production planners, schedulers, and buyers determine a Read More
GMS Accounting Management Software
GMS has been generating accounting software specific to not-for-profits since 1980. The GMS Accounting and Financial Management System is not a traditional

accounting skills competencies  Accounting Management Software GMS has been generating accounting software specific to not-for-profits since 1980. The GMS Accounting and Financial Management System is not a traditional commercial accounting or government fund package adapted for not-for-profit use. It is a grant and contract accounting system. In later years, GMS created the GMS Revolving Loan Servicing System for use in clients' offices that administrated revolving loan and other lending programs. GMS is a privately held company and Read More
Accounting Software Selection Challenge #3: Microsoft vs. Infor (Difficulty = Basic)
I just want to make a quick point to address a popular software selection misconception. Here’s the misconception:  “The best accounting package for my business

accounting skills competencies  misconception:   “The best accounting package for my business is the software that supports the most comprehensive breadth of accounting functionality.” And below are a couple of graphics from TEC Advisor  (based on a hypothetical accounting software selection project) that show why this is flat-out wrong (click to enlarge the images):   In an evaluation of over 4,100 accounting criteria, Infor FMS SunSystems [ see TEC's competitor rating analysis for Infor FMS SunSystems ] outranks Microsoft Read More

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