One of the most important and least innovated areas of business today is the area of accounts receivables and collections. Every ERP system includes a basic accounts receivable module, usually one that was conceived many decades ago, and not sufficiently updated to consider new and innovative techniques. Additionally, it may not provide access to robust reporting to alert managers on a timely basis when outstanding receivables and new...

The most popular method of information gathering in corporations today is through ERP software. An ERP solution is a powerful, but complex set of sophisticated programs designed to gather information from the daily operational activities of your business. In a typical company, mundane but essential tasks such as accounts receivable collections, supplier payments, payroll, invoicing, etc. are performed every day by members of the...

Budgeting and financial forecasting are critical planning and management disciplines that provide invaluable aid to business managers in the decision-making process. Most companies have business plans in varying forms of sophistication and use, that provide points of comparison to gauge success. Capital and operational funding, whether by personal capital investment, financial loans or some combination of the two is required to drive...

Financial forecasting and Business Intelligence (BI) analytic tools provide business users with a single data source. All “actual” information is derived from the company’s proprietary Enterprise Resource Planning (ERP) system, automatically updated to a single DataMart at user-defined intervals for use by all reporting tools. All forecasts created in a budgeting and forecasting solution are “written back” to the DataMart, to then be...