Hi all,
I recently had an exchange with Vikrant Rathore about new accounting efforts. I
think it is worth to be reported, here it is
Vikrant : Have a look at http://www.workday.com/ I would prefer to implement
finance in their way not the traditional ERP way.
Me : What is so specific in their offer apart it's an ASP ?
Hi Jacques,
In financial component they combined 5 major parts of Finance:
1. GL Management (ofbiz is still working on to implement it)
2. Reporting (both statutory and financial management related)
3. Auditing
4. Budgeting and tracking.
5. Asset Management.
Normally none of the Financial Management system itself comes close to it. As you have to buy separate software to do it. Besides
this the way they presented the whole solution is more business oriented then technical jargon oriented which is what most ERP's do.
So I feel there way of doing Financial Management linked to all the other parts of business is a good implementation. You do not
need a separate budgeting, asset management, reporting and auditing requirements (for SOX compliance). Everything comes out of the
box. I haven't seen such a offering either by SAP business byDesign or Netsuite and I guess ofbiz can do it since it's a single data
model but no component is there to address it.
Regards,
Vikrant
