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This article comes from a recent study of CFO's in the US.
As companies absorb all the financial reporting changes for 2006—and look ahead to the coming year—Financial Executives International (FEI) offers the following list of the top 10 financial reporting challenges for 2007:
- Internal Controls
- Uncertain Tax Positions
- Extensible Business Reporting Language (XBRL)
- Fair Value
- Servicing Assets and Liabilities
- Complexity in Financial Reporting
- Derivatives
- Pensions
- Earnings per Share (joint)
- Business Combinations
To read the complete article, click here:
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aka the Renaissance release
The
first step in any upgrade is to determine whether or not there are
benefits for your business in terms of the application functionality.
Given that this is the first release of JDE World in nearly 10 years,
my bet is the answer to any JDE World site is a resounding "YES".
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Document management is a process by which the information on documents can be collected, shared, stored, organised and retrieved efficiently. Document management systems are an automated version of that business process.
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IIt’s very easy for business managers to put off an enterprise application upgrade. The tendency is to only look at the immediate and obvious impact on cash flow. There are other factors so often overlooked that also impact cash flow. While they may seem less tangible, these seven factors directly effect the medium term and more importantly the long term, profitability of your organisation.
First, let’s explode the two most common myths to delay taking up an ERP software upgrade.
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Lean Manufacturing is the principle of increasing revenue not just by increasing sales but by reducing waste. The Lean Manufacturing philosophy names seven major wastes that should be dealt with - Over-production, Transportation, Waiting time, Processing, Motion, Inventory, and Scrap. The idea here is that only when one is able to control the waste that goes here can one truly be able to control earnings and expenditure.
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There is no doubt that Toyota is one of the most successful manufacturing companies in the world. In fact lean manufacturing is derived from the management and manufacturing practices of the Toyota Corporation.
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