By Andy Vitullo on
8/29/2008 10:10 AM
Standard MFG/PRO functionality allows for inter-entity balancing in the sub-modules of Accounts Payable, Accounts Receivable, Fixed Assets and Inventory. There is no analogous functionality in the general ledger.
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By Andy Vitullo on
8/22/2008 9:51 AM
I recently completed a project focused around financial business processes. One of the focus areas was the Shared Service Accounts Payable department. This organization had reasonable business process definition; however, the ERP system did not align with their specific requirements. The version of QAD MFG/PRO is eb2.1.
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By Andy Vitullo on
8/20/2008 10:56 AM
I attended QAD's Enterprise Financials Training in July 2008. The two week training event focused on General Ledger, Budgeting, and Transaction Processing including AP and AR and the enhanced interface including Excel Integration. As a a financial manager, Certified Public Accountant, a power user, and a business management consultant over the last 15 years, my impression of QAD's MFG/PRO financials would be described as adequate.
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By Andy Vitullo on
5/15/2008 1:02 PM
In my next series of blogs, I want to explore the business issues and business processes involved in the annual cost formulation process. I will discuss the following:
1. Budget Planning and Annual Forecasting.
2. Burden and Overhead versus Variable and Fixed Costs.
3. Direct vs. Indirect Costs.
4. Understand your Profit and Loss Statement
5. What is SG&A and does it belong in my standard cost?
6. The blocking and tackling of cost formulation.
7. How should I recognize write up or write down of inventory from my annual cost roll?
Although the above concepts are ERP software independent, I will discuss the business concept in relation to the QAD MFG/PRO software.
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By Andy Vitullo on
3/31/2008 11:31 AM
As a financial leader in an organization considering a new ERP implementation or upgrade, it is important to clearly define your objectives for you new system or enhanced functionality. Consideration should be given to the following;
- How can I optimize my Financial Reporting environment to efficiently produce statements from the organic data in the general ledger?
- What are the true business drivers of the company that require reporting and analysis?
- What are the bottlenecks to an efficient seamless general ledger accounting close?
- Do I deliver timely feedback to the organization in the form management reporting so the business managers can make cogent informed business decisions?
- Is my finance and accounting organization sized properly for my current business environment and future growth?
- Is the Internal Control ...
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