TEC is pleased to announce that Coda Financials software by UNIT4 has been TEC certified and is now available for online evaluation in the TEC Accounting and Financial Packages Evaluation Center. As usual, the vendor performed an in-depth demonstration of software capabilities following a demo script suggested by TEC research analysts. So we had a good opportunity to see the system in real time, assessing its performance with requested tasks and its workflow capabilities, in addition to trying out the system’s navigation, and selected features and functions.
Netherlands-based UNIT4 is well-known as a global ERP and other business software vendor; in fact it is in the top ten mid-market ERP vendors worldwide. Its customer base is also impressive—the group has more than 6,000 clients with over 2 million users, and there have been more than 10,000 global deployments of UNIT4’s software applications.
The company has been pioneering and successfully leveraging its solution within a unique market niche of software that offers the capability of accommodating any business-related changes easier, faster, and, consequently, at a much lower cost compared to other solutions offered by competitors in the space. As such it targets a segment of the market that’s referred to as “Businesses Living IN Change” (BLINC). The change-friendly design runs through all of UNIT4’s applications. Read the rest of this entry »
In order to better understand the current state of the accounting and financial software market and determine the major trends and issues organizations are experiencing with regards to accounting and financial applications, TEC recently conducted a poll, asking end-user respondents to answer five questions about their current accounting and financial software systems and the criteria that is important for them to consider when purchasing future systems. Read the rest of this entry »
I attended the Lean Accounting Summit in Orlando in September, and I’m still struck by the totally different attitudes of companies that choose lean transformation versus conventional non-lean companies.
Lean thinking certainly isn’t new to the business community, but many managers and business influencers still have no clear understanding of lean. They typically pick and choose their lean manufacturing tools, and ignore other lean principles that contribute to success, if not playing an even more vital role. One example of such overlooked principles: lean accounting. Read the rest of this entry »
Accountants and business people overall are generally aware that whatever happens in the company must be reflected in the corresponding accounting books or ledgers as accurately and as quickly as possible.
This means that accounting as a business process should be able to obtain, process, and store a significant volume of data that comes from a battery of different sources. I do not believe we need to convince anybody to use a computer-based accounting system to perform those business functions—this has been obvious for quite some time.
That being said, the next questions to ask are these: How adequately does your existing accounting software measure up to reality? And how can you improve it? Read the rest of this entry »