Accelerating Cash Flow By Streamlining Accounts Receivables
This text addresses the difficulties of cash flow management and suggests several possible solutions to make it easier to collect receivables.
Accounting for Management
This site is actually a knowledge base where the main management accounting concepts are explained in detail with supporting articles. It is very useful for both seasoned professionals who want to update their knowledge and novices who are trying to better understand these concepts.
Advantages and Disadvantages of ERP
This short text objectively describes the advantages and disadvantages of ERP systems. The page also offers several links to other texts explaining this type of software program, especially predecessor systems MRP and MRPII.
All About Financial Management in For-Profits
This site presents an interesting summary of the main accounting principles and provides several links to other interesting articles.
Audit committees a la française - audit committees in France
This text explains how audit committees work in France based on a sample of 20 companies and may interest any organization that is considering the idea of setting up this kind of committee.
BPM and SOA Are Not A Panacea
Businesses were initially computerized by functional division, where disparate systems were created that could not talk to each other. There are four basic approaches to fix the problem: outsource, rip-and-replace, point-to-point integration and Service Oriented Architecture (SOA). The author explains the connection between SOA and business process management, as well as its limits.
Cash Management Basics
This site offers a wide range of texts on various topics that may be useful to owners or managers of small companies. For example, the page dedicated to cash management offers five related articles on the topic.
Direct Added Value (DAV)
The author of this very interesting French-language site proposes an original approach to determining the profitability of products and organizations: Direct Added Value (DAV). Essentially, it involves evaluating profitability in terms of contribution to national GDP by analyzing the additional value generated by the transformation of the raw material into finished products.
ERP Definition and Solutions
This article provides a detailed explanation of what enterprise resource planning software is and how it can help a business become more efficient. It also discusses many other important issues, such as return on investment and hidden fees that may result from projects of this scale.
Internal Control Designs
This interesting site is full with information and short texts concerning internal controls and risk management.
Internal Controls: the Swiss Cheese series
This series of articles examines 16 financial management processes that should be given special attention in order to reduce the risk of loss linked to errors or fraud.
Is SaaS ERP Right for Your Organization?
“SaaS,” or Software as a Service, is a new business model for distributing and implementing ERP systems. However, this model is not appropriate for all organizations. Generally less expensive, it is better adapted to small businesses.
Management Accounting – Business Strategy
This text explains how a business can use profits and liquid assets from its cash cows and reinvest them in its products with great growth potential based on their stage of development.
Ontario Securities Commission
The Ontario Securities Commission's site presents the regulations that govern the Ontario financial market and serve as models elsewhere in Canada.
Paying the Price for Internal Control Deficiencies
This article discusses the costs associated with internal control deficiencies compared to the costs of the controls themselves in the context of the Sarbanes-Oxley Act. The results seem to show that in companies where there is a high risk of deficient controls, the cost of capital is higher, while the value of their shares is lower.
Project Cost Management
The author of this article explains how project cost management should be incorporated into the estimate phase. He describes three types of estimates: ballpark estimates, budget estimates and definitive estimates. Each one plays a specific role at a particular stage of the project.
Quarterly rolling planning – get it right first time
This article suggests that you change annual planning to quarterly rolling planning. Quarterly rolling planning involves forecasting expenditures over 18 months and firming up budget numbers for the next three months. The benefit of this approach is that it is more reliable than basic monthly budgeting based on one-twelfth of the annual budget.
Seven frontiers of internal control and risk management
According to the author of this article, better control measures, behaviour change and risk management that targets psychological factors are some of the many challenges facing internal control and risk management.
The ERP Club and User Forum
Evolving from MRP (Material Requirement Planning) and MRP-II (Manufacturing Resource Planning), ERP (Enterprise Resource Planning) is a global business trend turning into a multibillion$ industry. ERP information systems cover most functions of the organization, from production to financial and human resources. This site provides plenty of information to be up to date to the subject.
PRESENTATION
To know more about ERP, click here.
ARTICLES
ERP Articles
ERP Fans present several relevant articles, as a starter, we suggest you take a look at these:
ERP FAN CLUBS (vendor specific)
Besides this comprehensive site, there are other prominent ERP Fan Clubs you can access:
LINKS
Under ERP Vendors, you will find more than a hundred companies selling ERP systems, from "Abacus" up to "Western Data Systems".
QUESTIONNAIRES
And finally, before investing several thousands of dollars in ERP, you might benefit to use the following Questionnaires about ERP.
The Top 20 Mistakes Corporate Accountants Make
The author of this article tackles what he calls the 20 major blunders that corporate accountants make and suggests new ways of doing things.
Understanding internal controls: auditors who can accurately interpret COSO's internal control framework offer great value to management
The author presents the main foundations of COSO, the internal control model that enjoys widespread use in the United States, including control environment, risk assessment and control activities.
Use ERP internal control exception reports to monitor and improve controls
The author of this article explains how to use exception reports of ERP systems in order to improve internal controls in businesses, especially as concerns the segregation of duties and management of user access.
What cloud computing really means
The new trendy model in the world of IT, “Cloud Computing” offers major possibilities but also has its risks. This article tries to explain the concept.
Will businesses opt for SaaS in next ERP lifecycle?
This article discusses the future of the SaaS (Software as a Service) model at a time when many organizations are thinking about replacing or upgrading their ERP systems.
Zero-based budgeting
This text presents the history of the concept of zero-based budgeting, as well as its advantages and disadvantages, and explains the impacts of using it in organizations.