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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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 sap accounting definition


10 Fundamental Strategies for Choosing the Right ERP Finance and Accounting Solution for Your Company
Big-name vendors are competing with those that have long catered to midsized enterprises. With a little savvy, midsize companies can make the dynamic enterprise

sap accounting definition  and to some degree SAP are now barreling down on smaller companies that are contemplating an ERP move. Naturally, vendors that have long catered to midsized enterprises are reacting to the entry of these giants. With a little savvy, midsized companies can make this new market dynamic work to their advantage. To leverage new realities of the midmarket ERP sector, customers might want to bear in mind the following 10 strategies when shopping for a midsized ERP solution, including tips for getting the best

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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

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 » sap accounting definition

How Does Your ERP System Architecture Address Change?


In today’s competitive market, businesses are living in a constant state of change—especially in the services sector, which has to contend with a more fluid “people resource” factor. Yet most installed ERP solutions are falling short. Why are nearly half of all businesses essentially blowing their annual ERP budgets to support change? And what are software vendors doing about it? Find out now, in TEC’s 2008 Market Comparison Report.

sap accounting definition  Management-Driven Change Agresso Oracle SAP Makes changes required to change the accounting calendar from January 1 ' December 31 to April 1 ' March 31 Makes changes required to move from a supplier ID look-up to a company number or VAT number as the standard look-up value Makes changes required to add extra analytical elements to the accounting key in your financial transactions Makes changes required to change the length of an analytical dimension (e.g., from 12 to 15 characters) due to new information Read More

The Midsized Company: ERP Revisited


Enterprise resource planning (ERP) is no longer just for giant companies. Time and critical mass have dramatically cut the cost, complexity, and speed to value of ERP solutions. Today’s ERP systems enable companies of every size to maximize speed and flexibility to close the gap in core business processes, and to gain visibility into customer needs and supplier performance.

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SAP Manufacturing-Manufacturing Intelligence Dashboards


Adaptiveness in the manufacturing sector depends on being able to push decision making to the shop floor. But that’s often easier said than done. However, manufacturing intelligence dashboards aggregate content from the full range of manufacturing systems into a single view of operations. These role-specific dashboards thus enable employees to manage manufacturing performance, and respond quickly to changes.

sap accounting definition  SAP Managing Intelligence | SAP Manufacturing Accounting Software | SAP Manufacturing Application | SAP Manufacturing Automation | SAP Manufacturing Business Intelligence | SAP Manufacturing Comparison | SAP Manufacturing Corporate | SAP Manufacturing ERP and Business Intelligence | SAP Manufacturing ERP Software | SAP Manufacturing Execution System | SAP Manufacturing Execution Systems | SAP Manufacturing Integration | SAP Manufacturing Integration and Intelligence | SAP Manufacturing Intelligence | SAP Read More

Application Giants in Duel and Duet for Users’ Hearts, Minds … and Wallets


While SAP and Microsoft are concurrently partnering for certain initiatives, they are still dueling about who is bigger, better, smarter, whose user screens are prettier and more user-friendly, and so on. But the major question is whether the market and users are ultimately going to be better for it.

sap accounting definition  or customer-specific needs. Given SAP Enterprise Portal or Oracle Portal 's containment to mainly these vendors' install bases, and given IBM WebSphere Portal 's price and complexity, one could definitely realize how, by leveraging SharePoint, Microsoft Dynamics Client for Office and partners' OBA's can go well beyond Duet's capabilities. Even some Microsoft Dynamics' competitors like Epicor Software have nonetheless harnessed Microsoft's technologies for enhanced connectivity, collaboration, and Read More

SAP Software to Include Fiori User Experience, Free


SAP has responded to customer pressure and announced that SAP Fiori user experience and SAP Screen Personas software will be included with SAP software.

sap accounting definition  Fiori User Experience, Free SAP has responded to customer pressure and announced that SAP Fiori user experience and SAP Screen Personas software will be included with SAP software. SAP Fiori was launched last year and provided SAP users with a refreshing new and simple user experience across multiple devices. However, from the time of launch until now, SAP has been charging customers for SAP Fiori. The growth and adoption of Fiori over the last year created a challenge for SAP. One the one hand, the Read More

NEC to Inflate SAP Business ByDesign Tires


A new offering, NEC Global Localization Package for SAP Business ByDesign, will leverage the cloud ERP solution from SAP and the cloud deployment capabilities from NEC to offer subsidiaries of large corporations and SMEs a solution for gaining insights into real-time enterprise-wide operations.

sap accounting definition  to Inflate SAP Business ByDesign Tires Those who have recently been gleefully celebrating the untimely death of the maligned SAP Business ByDesign cloud enterprise resource planning (ERP) product might want to check their facts. The truth is that, as part of the SAP solution portfolio for small and medium enterprises (SMEs), SAP Business ByDesign has recently been made available on the SAP HANA in-memory platform. If the cloud ERP product’s initial underpinning technology was not up to snuff, this Read More

Cost Accounting Primer


Whether you’re familiar with the world of accounting or not, understanding the basic concepts and principles of accounting functions can give you an essential edge in the competitive manufacturing sector. This in-depth guide, complete with glossary, takes you through the step-by-step process of cost accounting for manufacturers—from prototype manufacturing, shipping, and full production, through to financial reports.

sap accounting definition  Accounting Primer Whether you’re familiar with the world of accounting or not, understanding the basic concepts and principles of accounting functions can give you an essential edge in the competitive manufacturing sector. This in-depth guide, complete with glossary, takes you through the step-by-step process of cost accounting for manufacturers—from prototype manufacturing, shipping, and full production, through to financial reports. Read More

SAP


Founded in 1972, SAP provides business software applications and services to companies of all sizes in more than 25 industries. With subsidiaries in over 50 countries, the company is listed on several exchanges, including the Frankfurt Stock Exchange and the New York Stock Exchange (NYSE) under the symbol SAP. SAP employs more than 48,500 people in over 50 countries. Today, more than 89,000 companies in over 120 countries run SAP software.

sap accounting definition  Founded in 1972, SAP provides business software applications and services to companies of all sizes in more than 25 industries. With subsidiaries in over 50 countries, the company is listed on several exchanges, including the Frankfurt Stock Exchange and the New York Stock Exchange (NYSE) under the symbol SAP. SAP employs more than 48,500 people in over 50 countries. Today, more than 89,000 companies in over 120 countries run SAP software. Read More

SAP for Chemicals: A Packaged Solution for Mid-market Companies


Packaged solutions for the chemicals industry are available from SAP and selected partners. Still, given a number of other viable solutions, prospective users will have to decide whether SAP would indeed be the best solution without the packaged option.

sap accounting definition  One of the series SAP for Chemicals: A Packaged Solution for Mid-market Companies. But that doesn't necessarily mean that the industry has finally gotten it right: chemicals are a notoriously slow-moving lot, in spite of (or because of) their maturity, and the fundamental challenges to the industry are obviously not going to go away. With limited asset turnover, production flexibility, and product innovation (there's simply nothing left to discover or invent, especially for basic chemical manufacturers Read More

SAP Jam


SAP Jam brings together several types of social collaboration including social networking, collaboration with external participants (customers, recruits, partners, vendors, suppliers), structured collaboration for problem solving (business tools to strategize, rank items, enabling groups to weigh in on options, etc.), and business process integration. This combination of features enables businesses to seamlessly bring social into any process: social learning, social opportunity management, collaborative customer engagement, etc.

sap accounting definition  Jam SAP Jam brings together several types of social collaboration including social networking, collaboration with external participants (customers, recruits, partners, vendors, suppliers), structured collaboration for problem solving (business tools to strategize, rank items, enabling groups to weigh in on options, etc.), and business process integration. This combination of features enables businesses to seamlessly bring social into any process: social learning, social opportunity management, Read More

SAP Brings HANA to the SME Market


Yesterday SAP announced its strategy to provide small and medium enterprises (SMEs) with the services of the SAP HANA platform via SAP HANA analytics for SAP Business One and the SAP HANA Edge Edition. HANA, SAP's in-memory database and analytic platform, will provide Business One users with in-memory analytics specifically designed for small and medium businesses. In this regard

sap accounting definition  the SME Market Yesterday SAP announced its strategy to provide small and medium enterprises (SMEs) with the services of the SAP HANA platform via SAP HANA analytics for SAP Business One and the SAP HANA Edge Edition. HANA, SAP's in-memory database and analytic platform, will provide Business One users with in-memory analytics specifically designed for small and medium businesses. In this regard, Ketan Solanki, consulting manager at Evolution Future Solutions Pty Ltd stated that analytics powered by SAP Read More

SAP In-memory Appliance (SAP HANA): The Next Wave of SAP In-memory Computing Technology


Download this datasheet to get a rundown of SAP HANA's functionality and the benefits it can provide for your business.

sap accounting definition  The Next Wave of SAP In-memory Computing Technology Download this datasheet to get a rundown of SAP HANA's functionality and the benefits it can provide for your business. Read More

Is SAP Stumbling? Perhaps.


Business applications market leader SAP reported a 43% drop in net income for its first quarter ended March 31, despite a 10% increase in revenue. In a separate announcement, SAP also said that Kevin McKay, head of SAP's U.S. operations, has resigned for personal reasons.

sap accounting definition  SAP Stumbling? Perhaps. Is SAP Stumbling? Perhaps. P.J. Jakovljevic - May 17, 2000 Event Summary In April, the business applications market leader SAP reported a 43% drop in net income for its first quarter ended March 31, despite a 10% increase in revenue. Net income for the quarter reached $53 million, or 53 cents per share, as compared to $98 million and 92 cents, respectively, in the corresponding quarter of last year (See Figure 1). Revenue rose to $1.18 billion, from $1.08 billion a year ago. Read More

8 Rules for Investing in a New Accounting System


Find out if your current system is a drag on your company in Eight Rules for Investing in a New Accounting System.

sap accounting definition  Rules for Investing in a New Accounting System Are you sure your financial and accounting system is helping your company grow? It might actually be holding it back. Find out if your current system is a drag on your company in Eight Rules for Investing in a New Accounting System . You'll learn about the warning signs of a financial and accounting system that is dangerously outdated or lacking in critical functionality—and what you can do about it. You'll also discover the eight rules for choosing a Read More