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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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 internal controls section 404 internal controls


The Financial Close: Optimizing Performance and Driving Financial Excellence
“Financial close” is a company’s ability to complete accounting cycles and produce financial statements for internal management and external legal reporting@and

internal controls section 404 internal controls  times and ensuring effective internal controls to govern the accuracy of these processes. Why is it important for corporations to close their books quickly and with quality? Closing fast enables quicker access to financial information, which gives management the foundation for timely and better-informed planning and decision making. The fast close requires a quality close, where processes are monitored to ensure a foundation of trusted information for decision making. Closing fast also helps companies

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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

PPM for Internal Departments

A business practice that assists organizations to align their portfolio of projects with their business strategy. Typically IT departments employ an IT governance framework to ensure that their PPM strategy is put into action. With the increasing demand of IT departments to justify their project investments, PPM software has risen in popularity as the tool of choice. It allows both executives and IT decision makers to gain insight into their IT portfolios. PPM software allows IT managers to prioritize projects, allocate resources where needed, and gain financial insight into their portfolio investments. 

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Documents related to » internal controls section 404 internal controls

7 Things Every Executive Should Know About Telecom Expenses


Most enterprises waste millions of dollars annually by not managing their telecom spend in a standardized, centralized, more accurate way. Having ballooned up to being in the top four overall expenses of the entire company, telecom expense management (TEM) is something you should put on your radar—sooner than later. Find out why your telecom expenses are rising, and how you can work globally to reduce them.

internal controls section 404 internal controls  the adequacy of their internal controls relating to recognition of revenue and expenses. TEM aligns with SOX efforts by automating telecom reporting and storing key financial data about telecom expenses. You can also help board members feel secure about the stringent controls in place on one of their top line-item expenses, when they sign off on meeting SOX-compliance standards. When it comes to managing costs, you have to be proactive. Cultivating a board position involves more than presenting automated Read More

Sarbanes-Oxley Readiness with Microsoft Dynamics NAV


Organizations cannot achieve Sarbanes-Oxley compliance without the proper tools. But once these tools have been obtained, compliance becomes an opportunity for organizations to reevaluate their business practices and grow. Microsoft Dynamics NAV is a powerful ally in compliance efforts, and can give organizations the extra controls and review tools they need to help reach compliance and improve their organizational capacity.

internal controls section 404 internal controls  through business ethics, effective internal controls and corporate governance. For more information go to: http://www.coso.org/ The Demands on ERP Solutions Inevitably, as the demands on accounting processes evolve and intensify, so do the demands on ERP solutions for those dealing with accounting processes. Sarbanes-Oxley is essentially about quality of process and technology, and in most organizations today, many business processes are managed across a range of business management software Read More

Audit Considerations for Enterprise Software Implementations Part 1: Project Planning and Management


Thanks, in part, to the fallout from the financial scandals of Enron, WorldCom, Tyco and others, the corporate spotlight is being refocused on the audit function. However, by waiting until systems are live and in production before applying an audit regimen, you may miss an excellent opportunity to establish effective controls at the outset, when the enterprise software is being implemented. Read on to learn where and how, as an executive sponsor, project manager, or team member, you can instill audit procedures that can continue throughout the life of the software.

internal controls section 404 internal controls  and documentation to support internal controls certification, is the most critical part of SOX. While some may argue that the Act does not go far enough, it is surely a positive, aggressive start. While this reemphasis may be good news for current and ongoing systems, the process of developing an audit awareness and the need for substantial controls can and should be established as software is being implemented. If you are the project manager or the project sponsor, possibly the company's CEO or CFO, it Read More

Important Sarbanes-Oxley Act Mandates and What They Mean for Supply Chain Management


Two sections of the Sarbanes-Oxley Act (SOX) have major implications for supply chain management. Yet enterprises can meet the challenges created by SOX more easily by using software tools developed to simplify the processes for compliance with this law.

internal controls section 404 internal controls  effectiveness of its own internal controls and procedures for financial reporting each year. Section 409 (real time disclosure) requires companies to disclose material changes in their financial conditions or operations on a rapid and current basis. Section 404, which requires audit of internal controls, has made executives reexamine and sometimes replace operational systems that are not well integrated with their financial systems. Section 401a (off-balance-sheet obligations disclosure) is an addition Read More

How Is Business Process Management Applicable to Financial Services?


Business process management (BPM) allows financial services companies to manage internal processes and to increase efficiency and accuracy. Organizations, especially those that deal with Sarbanes-Oxley, should focus on BPM to ensure compliance and to minimize error and risk.

internal controls section 404 internal controls  by organizations to improve internal processes in order to make them more efficient. But which processes are appropriate for BPM? Which industry, if any, has successfully deployed BPM? BPM in Vertical Markets BPM is already used in a variety of markets, from financial services and government to healthcare and manufacturing. In fact, vendors have different forms and workflows for each industry that companies can use as the basis for their BPM solution and that they can customize to their specific needs or Read More

Case Study: Quick


Quick, the largest European fast-food chain, found it challenging to oversee operations and communicate among its 404 locations. With an old spreadsheet-based system, 50 to 70 percent of the company’s time was spent on obtaining data rather than acting on it. The company can now rapidly integrate and access data, so management spends more time on expansion than on data management. Find out the new system’s other benefits.

internal controls section 404 internal controls   Read More

SAP Remains Vital Amid Ailing Market And Internal Adjustments Part 1: Recent Announcements


Recently, SAP announced solid results for Q4 2001, in contrast to the current soft market. Although not all troubles seem to have been left behind, as can be seen from reduced license revenue, and while some may question SAP's justification of merging its two subsidiaries, a positive sign is that SAP has meanwhile become much more nimble to spar with any disturbance factors.

internal controls section 404 internal controls  Amid Ailing Market And Internal Adjustments Part 1: Recent Announcements Event Summary On January 31, at its Conference on Business Intelligence and Enterprise Portals in Leipzig, Germany, SAP AG (NYSE: SAP), a leading provider of business software solutions, announced the next generation of the mySAP Business Intelligence (mySAP BI) solution. Major enhancements to this solution are envisioned to enable companies to achieve true business intelligence by providing the business ability to deploy the Read More

SOX Segregation of Duties Matrix


I'll get to the downloadable SOX segregation of duties matrix in a moment, but first let me address a question from one of our readers. Needless to say, I appreciate all feedback, including one recent comment regarding my article Segregation of Duties and Its Role in Sarbanes-Oxley Compliance Issues: Mr. Hankewicz mis-states Section 404 in his article "Segregation of Duties and Its

internal controls section 404 internal controls  comprehensive list of accepted internal controls organizations must have in place to be deemed SOX-compliant. The list targets application internal controls and highlights areas where fraudulent reporting is likely to occur. We WISH it was a comprehensive list. In fact, the adequacy of controls are all subject to individual interpretation. It DOES NOT have key provisions in this section [for] segregation of duties.” This is all interpretation being made but presented as fact! I believe the Read More

The Perfect Order--Inside-Out or Outside-In?


The Perfect Order measurement has proven to be a powerful measurement of a business. Should The Perfect Order be defined from an internal point of view or from a customer point of view . . . inside-out or outside-in?

internal controls section 404 internal controls  be defined from an internal point of view or from a customer point of view inside-out or outside-in? In addition to defining The Perfect Order, AMR Research has related changes in the perfect order measurement to the overall health of the business in terms of earnings per share (EPS). For example, Debra Hofman, research director of AMR Research reports that recent benchmark studies at AMR revealed that better perfect order performance is correlated with superior profit margins, return on assets, and Read More

Top 10 Reasons to Automate Operating Expense Controls


If you’re like most small to midsized business executives, your primary focus is on growing revenue and controlling company spending. However, you probably use paper-based processes to deal with company expenses. Without an automated system, you have limited ability to actively manage spending—and can only hope that spending decisions remain within budget and in compliance with company policies.

internal controls section 404 internal controls  10 Reasons to Automate Operating Expense Controls If you’re like most small to midsized business executives, your primary focus is on growing revenue and controlling company spending. However, you probably use paper-based processes to deal with company expenses. Without an automated system, you have limited ability to actively manage spending—and can only hope that spending decisions remain within budget and in compliance with company policies. Read More

Firewall Software Evaluation Report


Firewalls protect enterprise computer systems from attacks by individuals wishing to crack or otherwise compromise an internal network. The firewall Software Evaluation Report addresses requirements for network interfaces and protocols, content filters, VPN capacity, and other security characteristics.

internal controls section 404 internal controls   Read More

A New Frontier in Securing Sensitive Information


Every day, sensitive business information finds its way into the wrong hands—through external breaches or internal theft. Such data is highly regulated, and any risks of exposure can result in stiff penalties and legal liabilities. Many of these security risks lie in the test/dev environments, and as such require a solution that protects data application clones from unauthorized access without jeopardizing its integrity.

internal controls section 404 internal controls  hands—through external breaches or internal theft. Such data is highly regulated, and any risks of exposure can result in stiff penalties and legal liabilities. Many of these security risks lie in the test/dev environments, and as such require a solution that protects data application clones from unauthorized access without jeopardizing its integrity. Read More

2008 Internet Security Trends: A Report on Emerging Attack Platforms for Spam, Viruses, and Malware


Just when malware design seemed to have reached a plateau, new and more complex attack techniques have now emerged. For a while, security controls designed to manage spam, viruses, and malware were working, but as a result of this success, the threats they protected against were forced to change. Learn about today’s key security trends and how you can fight against the sophisticated new generation of Internet threats.

internal controls section 404 internal controls  and constant vigilance against internal infections that may come from unprotected networks such as home offices and public wi-fi access. A Google study, released in May 2007, analyzed the presence of malware across all pages indexed by the Google search crawler. It was reported that one in ten webpages are infected with malicious code, and that 70 percent of Web-based infections were found on legitimate websites (those with a neutral to positive reputation). A LOOK BEHIND THE CURTAIN AT MALWARE Read More

The 10 Key Steps in Developing an Enteprise-wide Compliance Training Strategy


Companies spend millions each year conducting mandatory training for audits, the risk of noncompliance, internal training requirements, and a plethora of other reasons. Manual training processes increase a company’s risk of noncompliance—and can be redundant. Read the 10 steps that can help you develop an enterprise-wide compliance training strategy, to reduce the costs and the compliance risks of mandatory training.

internal controls section 404 internal controls  the risk of noncompliance, internal training requirements, and a plethora of other reasons. Manual training processes increase a company’s risk of noncompliance—and can be redundant. Read the 10 steps that can help you develop an enterprise-wide compliance training strategy, to reduce the costs and the compliance risks of mandatory training. Read More