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Insights and Revelations about ERP Software Customers, Vendors, and the Industry.
by Bob Scarborough
2/25/2015 10:37:10 AM
There are many scenarios where what you sell does not move directly to revenue. Revenue is deferred largely because it has not been earned yet due to some need to deliver over time or possibly events that have not yet occurred. When you need to defer revenue you need to identify the sale to the customer (the combination of invoices or orders or contracts or terms that define the sale) and assign rules to the various categories of revenue so that they will be recognized correctly in the future.
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Tags: revenue recognition
by Bob Scarborough
2/18/2015 10:08:22 AM
Myth number three in our series on myths about ERP selection and implementation is: “Customizing an integrated ERP system is preferable to adding best of breed solutions.”
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Tags: ERP selection
by Bob Scarborough
2/12/2015 8:51:03 AM
Continuing this "Myth-buster" series, here’s Myth #2 about ERP selection: “Asking ERP vendors to complete a detailed Request for Proposal (RFP) will help you filter out products and/or vendors that aren’t a fit for you.”
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Tags: ERP selection
by Caprice Murray
2/5/2015 10:55:46 AM
Welcome to the first in an on-going series on the topic of “ERP Selection and Implementation Myths”!  We hope that you’ll find these posts to be helpful, informative, and something of an antidote to all of the misinformation and hype that you may run across.
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Tags: ERP implementation
by Dan Berube
1/29/2015 11:02:15 AM
Not surprisingly, board members of US public companies have expressed some concerns in regard to implementation of the new revenue recognition standard, ASC 606. Public companies will have to adopt to the FASB’s criteria by January of 2016 and enough companies have cited issues that the FASB is considering postponing the effective date.
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Tags: revenue recognition
by Michael Chadwick
1/22/2015 8:35:29 AM
As technologies advance, the semiconductor industry and its traditional business model face a myriad of ongoing complexities demanding an ever accelerating state of operational agility. The electronics and healthcare markets are experiencing unprecedented change through mass market consumerization and global adoption. For most chip companies, gone are the days of long run product cycles and the timeline to secure a design win may exceed the lifetime ramp up (and ramp down) of an end device such as a smartphone model. And IC companies, whose end customer optics can be hampered by degrees of separation through channels of distribution, are increasingly adopting creative strategies to diversify volatile revenue cyclicality1
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Tags: SaaS (software as a service), semiconductor
by Brian Yates
1/15/2015 8:27:04 AM
Within the fabless semiconductor industry the standard cost approach is usually the norm, but some still argue for the use of actual cost.   In reality, actual cost methods - such as specific identification, moving average, FIFO, and LIFO – are less able to deal with the complexities of the semiconductor industry. Actual cost is a more passive way of handling inventory in that it accepts whatever the inventory cost may be. Meanwhile, standard cost is a more active approach and allows the standard cost of goods to be assigned as they move through the system. Variances are recorded and investigated as to the nature of the variance.
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Tags: fabless semiconductor, semiconductor finance
by Bob Scarborough
1/8/2015 12:00:06 PM
Semiconductor manufacturing stands apart as a unique process when you compare it to other manufacturing processes.   From a systems perspective, production in most manufacturing industries is either discrete or process manufacturing – semiconductor manufacturing can be defined as process manufacturing with a discrete outcome all the while focused on lot genealogy.   Here’s what I mean by that.
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Tags: fabless semiconductor
by Caprice Murray
12/18/2014 10:47:56 AM
Microsoft announced the general release of Dynamics GP 2015 earlier this month, and we think there may be a few enhancements that might be of interest to our readers.   In addition to a number of product feature enhancements, this new release offers three key benefits to the way that many of our customers do business.  These key benefits are:

1) An expanded work flow that will streamline financial, purchasing, sales, payroll, and project expense related approvals;
2) A single sign-on through integration with Microsoft Azure, allowing users to work seamlessly across various Microsoft platforms including Office 365;
3) And, the introduction of Service Based Architecture (SBA) for Microsoft Dynamics GP.
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Tags: Microsoft Dynamics, Microsoft Dynamics GP
by Bob Scarborough
12/10/2014 11:45:00 AM
Lately, there has been a lot of hype surrounding the subject of “big data.”  Chances are this has led to as much confusion as clarity, so you well might be left wondering: what the heck is big data anyway, and why is everyone so excited about it? When people hear the term “big data” they often assume that it literally means large data sets.  That may sometimes be part of the definition, but the term actually encompasses more than that.
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Tags: technology industry