New expectations in financial reporting

Article Abstract:

Recent studies show that many controllers and financial executives are dissatisfied with the financial reporting process and are calling for improvements. These new expectations for financial reporting in modern enterprises require tools for end-user reporting, distributed processing, electronic report distribution, multicurrency issues and information consolidation. Several companies try to satisfy these requirements with approaches such as spreadsheets, online analytical processing tools, executive information systems and data warehouses. However, none of them is seen to have the capacity to improve financial reporting. What is needed is a tool that can deal with the complexity and diversity of financial reporting. It should be independent of the underlying accounting systems and structures, devoted only to the financial reporting task and flexible enough to provide functionality needed in best-practice reporting.

Accounting and auditing, Accounting, Practice, Corporation reports, Company reports

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Understanding financial EDI

Article Abstract:

Financial electronic data interchange (FEDI) facilitates the transfer of payments and remittance information between partners in a trading relationship using an electronic channel. Unlike the simpler electronic funds transfers, FEDI sends data about remittances to sellers, in addition to enabling banks to shift funds between the bank accounts of the buyer and the seller. Because all transfers are made via the banking system, at least one bank participates in each FEDI transaction. Aside from banks, other participants are traditional value-added networks (VANs), financial VANs and the Internet. A description of the FEDI architecture when the buyer's bank is EDI-capable and when both banks are EDI-capable is presented.

Evaluation, Electronic funds transfer systems, Electronic data interchange, EDI (Electronic data interchange)

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Java unplugs time and expense reporting

Article Abstract:

Companies can make reporting of travel-related expenses easier if they use pure Java-based travel and entertainment (T&E) solutions. Introduced to the market in 1998, these tools provide access even if the user is not linked to the Internet or intranet, thereby allowing traveling employees to make automated expense claims while disconnected and without disturbing the information-technology department. Among the benefits of a pure Java application are platform independence, single application for offline and online, security of network delivery, and ease of deployment and upgrades. Companies should determine how to install pure Java strategically if they want to improve their architectural performance and stability.

Other Management Consulting Services, Management services, Travel & Entertainment Expense Control S, Usage, Information management, Business reports, Java (Programming language), Business travel services, Travel costs, Java (Computer program language)

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