Rick Yvanovich/Founder & CEO/
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The financial management applications category is one of the most mature enterprise software sectors and the accounting application is one of the first tools that a growing company rolls out. In spite of its maturity and because of its indispensable nature, financial management tools need to continue evolving to meet the requirements of the business. It is essential, therefore, that the financial management tools of choice be supported by a successful vendor and a strong product management team.
There are a number of well established niches within the financial management category - such as solutions geared more towards corporate offices of large companies, solutions aimed at transnational businesses, and tools with industry-sector specific capabilities, among others. Ovum believes these two important considerations- the vendor's scale (and continued commitment to the product) and the vendor's focus area within the financial management sector, should guide the selection decision.
See Ovum recommendations, analysis and proposed solutions by downloading our whitepaper now.
Business leaders everywhere are looking for new ways to gain as much profit as possible. They look from all different angles to see the best approaches in order to better run their business.
Building business efficiencies and greater competitiveness for North American companies. Regulatory authorities are on track to make the International Financial Reporting Standards (IFRS) a requirement for all publicly-traded companies in the US, Canada, and Mexico over the next few years. For public companies in these countries, the transition to IFRS will be the most significant regulatory change in many years and one with potential to directly impact overall competitive position.
As the world transitions to a single, unified global accounting standard with the implementation of international financial reporting standards (IFRS), oil and natural gas exploration and production (E&P) companies in particular face daunting challenges with the transition. Even in countries that have already adopted or set out a path for adoption of the new standard, many questions still linger about how to interpret what amounts to largely broad statements of accounting principles under IFRS.
In today's business climate, effective credit management and debt collection are more important than ever. Instead of manually producing and sending reminder letters and statements, credit collectors could-and should-be spending more time on such directly productive tasks as calling customers.
This white paper recognizes the challenges that companies face on their journey of becoming global. It also outlines the criteria in evaluating financial management software so that it can help businesses keep up with the inevitable change, which include:
This white paper examines the why and how lean principles could be applied to accounting in order to maintain lean success. It distinguishes between financial accounting and management accounting, which:
Infor Financials SunSystems 4.4 release is now generally available
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