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Related Definitions
Flexible manufacturing systems (FMS) Flexible manufacturing systems (FMS) refer the use of computers to change from one production process to another in order to produce
Multiple distribution systems Multiple distribution systems allow insurance marketing method that refers to the use of several distribution systems by an insurer; for
Information systems Information systems allows use of computer technology in the processing and storage of information and elimination of many routine tasks.
Systems theory Systems theory is system is usually considered to be a series of interconnected elements forming an organized or organic whole, e.g. central nervous system
Investment management systems Investment management systems refer to systems that ensure that the organization gets the best possible returns on its long-term investments.
Capital budgeting systems Capital budgeting systems refer to systems that ensure the acquisition and disposal of capital assets, such as land, buildings, and so on.
Cash management systems Cash management systems are those systems that ensure that the organization has enough cash to conduct normal business, to receive the best possible ...
Payroll systems Payroll systems capture and process data related to wages and salaries including federal and state taxes, other payroll deductions, employee ...
Asset management systems Asset management systems maintain an inventory of the company’s long-term assets and ensure that accounting practices for company assets comply ...
General ledger systems General ledger systems generate the company’s income statements and balance sheets and are responsible for managing new and old accounts in the company.