ERP financials Definitions

  • A


    An account is a unique record for each type of asset, liability, equity, revenue and expense.  

  • accounts payable

    Accounts payable is a liability account in the general ledger (GL).

  • accounts receivable (AR)

    Accounts receivable (AR) is an item in the general ledger (GL) that shows money owed to a business by customers who have purchased goods or services on credit.

  • Adaptive Insights (formerly called Adaptive Planning)

    Adaptive Insights (formerly called Adaptive Planning) is a cloud-based corporate performance management software (CPM) vendor headquartered in Mountain View, California.

  • Anaplan

    Anaplan is a Web-based enterprise platform for business planning. Anaplan is also the name of the company that created the platform. 

  • AR-to-GL reconciliation

    AR-to-GL (accounts-receivable-to-general-ledger) reconciliation is a process commonly used to balance accounts in bookkeeping, particularly within an Oracle relational database. 

  • asset liability management

    Asset liability management (ALM) is the administration of policies and procedures that address financial risks associated with changing interest rates, foreign exchange rates and other factors that can affect a company’s liquidity.

  • B

    BAI2 file format

    BAI2 file format is a specialized and standardized set of codes used for cash management by the Bank Administration Institute (BAI).

  • Basel III

    Basel III is a set of standards and practices created to ensure that international banks maintain adequate capital to sustain themselves during periods of economic strain.

  • Basware

    Learn about Basware, a Finland-based vendor of networked purchase-to-pay, e-invoicing, procurement, and financing software and services.

  • BIC (bank identifier code)

    A bank identifier code (BIC) is a unique identifier for a specific financial institution.

  • budgeting, planning and forecasting (BP&F)

    Budgeting, planning and forecasting (BP&F) is a three-step process for determining and detailing an organization's financial goals for both the long- and short-term.

  • C

    chart of accounts (COA)

    A chart of accounts (COA) is a financial organizational tool that provides a complete listing of every account in an accounting system.

  • CIFT

    CIFT (Center for Innovative Financial Technology) is a research facility dedicated to the study of new technologies in the financial services sector.

  • contract management software

    Contract management software is a program or series of related programs for storing and managing legal agreements such as contracts with vendors, leases and licensing agreements.