What are the common financial management systems?

With the increasing complexity of the competitive environment and the continuous change of customer demand, scientific and efficient enterprise management is essential to keep a firm foothold in the rapid development of the times. As the lifeblood of enterprise management economy, financial management is particularly important. How to monitor in real time, how to operate efficiently, and how to look forward to the future? All this may as well be handed over to the financial management system. Nowadays, the measurement of a company’s financial management level has not only remained in the system, but also depends on what financial management software it uses to achieve its financial goals smoothly. In this case, let’s first learn about the common financial management software?

Speaking of the common financial management system, financial people can often recite a lot. What sap, Kingdee It’s true that all of these are accounted for, but the expression of fragmentation is not systematic enough. What would the experts say? Generally, they are classified according to the domestic and imported brands / products, as well as the functional proportion, for example, focusing on finance or comprehensive integration. In this case, we may as well have a brief understanding through the products of domestic / imported brands.

It is common for international brands. Sap, Oracle, SSA, QAD and Microsoft are the top two stable financial management software and even enterprise management software (ERP system). What are the domestic brands? Relatively better to remember, there is a martial arts proverb called: North UFIDA, South Kingdee! Of course, there are Zhibang international, housekeeper, etc. Can sap and Oracle be called: East EPP, West oracle?

As a world-famous software giant, sap has outstanding performance in financial management. No matter the financial management system for large and medium-sized enterprises, it can easily realize the integration of financial data, at the same time, it can more realize the visualization of financial data and other departments’ data, and powerful data processing and analysis, which can help finance and even enterprise management to provide important decision support.

So Oracle, let’s see how the experts of iResearch evaluate it? “The strength of Oracle netsuite lies in the cloud ERP system, which provides a long-standing, wide coverage and reliable financial management function. Different from the traditional financial software system, netsuite ERP simplifies the collaboration between departments by integrating the business of each department, and provides all kinds of real-time data and reports. ”

International brands are basically understood. Next, look at the financial management system similar to the South emperor and North beggar. There is no doubt that Kingdee and UFIDA have a large number of users and fans in China, after all, they have the advantages of domestic products and localization. Small edition also dare not nonsense, or to see the evaluation of experts: “UFIDA and Kingdee are the start of financial software, financial software is really well developed, in line with the domestic financial system and habits, but in addition to the financial module in use, there are some problems with the expansion and compatibility of other modules, which is easy to cause the actual work of the financial and other departments out of touch.”

Experts mean that if it’s just the financial management system, it’s OK for South emperor and North beggar to meet the needs of small and medium-sized enterprises. However, in the face of fast-growing enterprises and enterprises that need to achieve comprehensive management and integrate / compatible with the management links of major enterprises in the future, it seems that South emperor and North beggar are a little weak.

In this case, I would like to tell you that the list of common financial software should not be read. I will give you a pithy formula: East Aipu, West Jiagu, North UFIDA, South Kingdee! Is this martial arts style good for memory?

For a more comprehensive understanding, consult the acloudear —SAP partner.

This article "What are the common financial management systems?" by AcloudEAR. We focus on business applications such as cloud ERP.

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