Common accounting software terms translated into plain English Are you on the search for new accounting software? Does your initial research leave you scratching your head at the numerous acronyms and convoluted terms? Here are a few technical terms in the accounting software world, translated into plain English: Enterprise Resource Planning (ERP) While we often refer to ERP and accounting in the same breath, the truth is that Enterprise Resource Planning software encompasses much more than basic finances. A comprehensive ERP product allows you to manage every aspect of your business. It works in tandem with multiple other applications to provide your company all the tools it needs in one streamlined, customizable solution. If we were to … [Read more...] about What is an ERP anyway? Terms Defined
ERP, CRM, and “The Cloud”
A lot of Accounting/ERP and CRM developers are making attempts to position their older offerings as “cloud computing.” Many articles in accounting journals are even defining cloud computing as the ability to run your application on a server based somewhere else. While many cloud applications are still short on features, cloud is now the buzz. Everyone wants in.I sat in on a cloud (SaaS) only vendor’s presentation last month where the vendor’s primary argument was that cloud saves everyone so much money in hardware and IT costs, well who would be foolish enough to continue running anything on premise? I then looked at the modules and functionality of the solution and found the product to be seriously missing key features, functionality … [Read more...] about ERP, CRM, and “The Cloud”
