Welcome to the Exact Product Blog

On this blog we will cover stories from all around the Exact ecosystem.

Author Archive

Exact Central Master Data Management is now generally available

Written by Richard Smits on . Posted in Exact Globe, Exact Synergy

We are pleased to announce that after an extensive controlled release period Exact’s solution for centrally managing master data for multiple divisions is now generally available. Exact Globe customers with multiple divisions that are dealing with cross divisional related master data can make use of the Central Master Data Management (CMDM) solution. Although being a topic on the agenda of many international operating companies, local operating companies with multiple divisions can also benefit from implementing Exact’s CMDM solution.

Companies with multiple divisions have a challenge in managing data across these divisions and facilitating companywide compliance and a foundation for consolidated management reporting and analysis. Besides that, being consistent in the way master data is set up facilitates effective collaboration between individual divisions by sharing available capacity, knowledge, resources, products and even customers or suppliers, leading to better overall results for the group. This leads to a need for CMDM.

Our offering

Exact CMDM makes it possible to manage the following entities “Accounts”, “Items”, “General Ledgers Accounts” and “People” as per Exact Globe product update 403/ Exact Synergy Enterprise product update 248.

Benefits

  • In control over divisional risk and results.
  • Compliance on company standards.
  • Workflow management for creation and maintaining master data included.
  • Offering blueprints for business processes.
  • Work together increasing efficiency and avoid redundancy where possible.
  • Facilitate consolidated reporting and consistent local reporting for better decision making.
  • An in-house Exact solution that synchronizes between Exact databases.
  • Including Exact business logic reduces implementation time and eliminates database (update) related constraints.

For whom

  • Companies with multiple divisions that share related master data.
  • Exact Globe customers with multiple divisions that share related master data.
  • Exact Globe customers with multiple (country) licenses.

For more information about the CMDM solution, please refer to our videos.

Should you have any questions regarding our Central Master Data Management solution, please comment on this blog post.

 

New item codes from your supplier?

Written by Richard Smits on . Posted in Exact Globe

When you receive a file with the new item codes from your supplier, you can update your items in one go. The batch update functionality is best used for this purpose.
In product update 401, the batch update functionality has been enhanced. You can maintain your ‘supplier’s item code’ and update the information automatically using batch updates.

Let’s take an example:

Supplier 60120 Roode Pelikaan send a list with new item codes. Via maintain items, you can use the batch update functionality. Select the supplier, mark the check box ‘Supplier’s item code’ and press ‘Show list’:

Adjust the column ‘New’ with the new item codes received from your supplier. After adjusting the item code(s) you can update by pressing the ‘Exact Globe: Update’ button.

All adjustment items are updated and ready to be used

For more information, please check the release note

 Picture credits

General Ledgers in Central Master Data Management

Written by Richard Smits on . Posted in Exact Globe, Exact Synergy

Managing data across multiple divisions can be a challenge. With Central Master Data Management you create a structured process for entering and maintaining information on a single platform, reducing redundancy and eliminating information silos. To follow earlier introductions of Central Master Data Management for Accounts and Items, we are happy to inform me that as of Exact Globe product update 402 CMDM supports now also General Ledger accounts.
 
Please check the release note to find out which general ledger account fields can be synchronized.

In the video below you can see how Central Master Data Management for General Ledger accounts works in action.


If you have any questions regarding this functionality, do not hesitate to comment on this blog post.

Multi-divisional Products and Services.

Written by Richard Smits on . Posted in Exact Globe, Exact Synergy

Central master data management for Accounts is available .  Now company wide compliance for products and services is in scope.

Control over items is more than just identification of the items over multiple divisions.    

Having a corporate standard on items does not mean that a local division can not create or  maintain items. What should be taken into account is the fact that the comply with corporate standards. Besides that it can well be that a division offers only a selection of the overall product portfolio based on market focus or knowledge level. Within the item portfolio stock values or pricing can well differ per division. It enables managing the product life cycle on a divisional level as well as companywide optimization of usage and handling of products and services.

If you want to share your ideas, want to meet us, want to be one of the first to work with the solution, or any other way of participation, please let me know.

Do you:
• face this issue?
• what is your biggest issue?
• know customers facing this?
• how do they currently handle this?
• have any other ideas/remarks

You can comment on this blog or send me an email: Richard.Smits@exact.com

Exact Globe product update 400 is generally available

Written by Richard Smits on . Posted in Exact Globe

On behalf of the Product Management team, I am pleased to inform you that as of January 6 Exact Globe product update 400 is generally available.

In this product update, next to the small enhancements based on feedback received from customers, we have focused on the year-end adjustments in the regional legislation and therefore we have included new functionalities that are crucial to your operations and will facilitate your business. Moreover, as of this product update Exact Globe supports SEPA direct debit schemes, so you can easily generate B2C and B2B national and cross-border euro direct debits in compliance with SEPA rules.

Additionally, we would like to inform you that the Central Master Data Management, which supports companies with multiple divisions in centrally maintaining information, is currently in the extended controlled release.

If you would like to find out more about above themes, check our Product Update News.

We look forward to receiving feedback or questions regarding this new product update.

People supported in Central Master Data Management

Written by Richard Smits on . Posted in Exact Globe, Exact Synergy

Over last year we’ve been busy developing Central Master Data Management solution (CMDM) that allows you to create a structured process for entering and maintaining information at a central location. As a result, you have a clear overview of your entire organization’s information that can be used for company-wide decision making. With each product update we enabled CMDM for additional entities within the software. CMDM already supports accounts, items and general ledger accounts, and as of Exact Globe product update 403 and Exact Synergy Enterprise product update 248 you can also centrally manage people.

To find out more about synchronizing people from Exact Synergy Enterprise to Exact Globe, please watch the video below (you can also find there other videos related to CMDM solution).

Next to the video you can also read the release note.  Should you have any questions about Central Master Data Management, please comment on this blog post.

Exact Globe product update 402 is generally available

Written by Richard Smits on . Posted in Exact Globe

As of today, Exact Globe product update 402 is generally available which marks the end of controlled release period which started in the end of August.

With our customers in mind, we have extended Exact Globe with features that make it easier for them to fulfill legal requirements and business standards, such as taxation changes for Germany, Switzerland and Thailand as well as reporting features in Vietnamese Accounting Standards.

 Exact Globe product update 402 also introduces the Exact Visual Scheduler to facilitate the work of the production planner in a manufacturing company. It gives you a visual insight in your schedule and reduces the time spent in rescheduling operations. Production orders can be scheduled automatically using finite or infinite capacity. It is easy to spot capacity overload or to see if there is still room to maneuver. You can easily reschedule operations by dragging and dropping an individual operation or sequence of operations. The dates in the underlying operations are changed immediately, as the Exact Visual Scheduler is fully integrated into Exact Globe. This will significantly reduce time spent in handling production order changes, especially when working with suborders. Control of your schedule will furthermore improve control over material flows. Please note that the Exact Visual Scheduler is currently in extended controlled release (video).

As of this product update the functionality of SKU Management is in extended controlled release. SKU Management lets you tag a stock unit in your warehouse with an unique number (video). Also the Exact Integration which is generally available as of August, has new features in this product update, such as supporting the batch update of items and restoring database. To follow the previous announcements in which we introduced Central Master Data Management that supports accounts and items, as of this product update you can centrally manage General Ledgers between Exact Globe and Exact Synergy Enterprise (video).

Based on our customers’ needs we have implemented in this product update, among others, the following new features:

A full overview of all new functionalities you can find in the release notes and some additional information on the Product Update News page. Please also refer to previous articles on the Product Blog.

We would like to thank all customers, partners and colleagues who contributed to this product update.

Should you have any questions regarding this announcement, do not hesitate to comment on this post.

Exact Globe product update 402 in controlled release

Written by Richard Smits on . Posted in Exact Globe

As of today, Exact Globe product update 402 is in controlled release. This new product update is planned to be generally available by the end of September 2011.

In product update 402 we have introduced Exact Visual Scheduler to facilitate work of production planner in manufacturing companies. The Exact Visual Scheduler helps to make efficient use of the available capacity and improve order performance. It is fully integrated into Exact Globe as a standard module. 

SKU Management for tagging stock unit is now generally available. Please watch the video, to find out how this feature works in action. Also the Exact Integration which is generally available as of August, has new features in this product update, such as supporting the batch update of items and restoring database. To follow the previous announcements in which we introduced Central Master Data Management that supports accounts and items, as of this product update you can centrally manage General Ledgers between Exact Globe and Exact Synergy Enterprise (video).

We have also extended functionalities that support your legal requirements and business standards with a number of new features, such as taxation changes for GermanySwitzerland and Thailand. Based on our customers needs we have implemented in this product update, among others, the following new features:

For a full overview of all new functionalities, please refer to the release notes for product update 402

Should you have any questions regarding this announcement, please contact Bert Siekmann (Manager Product Management) at bert.siekmann@exact.com.

CMDM video update

Written by Richard Smits on . Posted in Exact Globe, Exact Synergy

It’s time for an Update on Central Master Data Management

As explained in the previous blog posts, we decided to start with “accounts”. In the previous months we further extended the functionality of Central Master Data Management (CMDM) for Accounts.

Some of the adjustments are:

  • Browse Exact Globe data at the central environment
  • Improved user interface of the division specific data screen
  • Division specific data screen now customizable

In a previous blog post Central master data Video I shared the first video. We updated the video, please have a look (by clicking the picture below)!Please have a look at our video and share your feedback!

New incoterms January 1, 2011

Written by Richard Smits on . Posted in Exact Globe

Incoterms or International Commercial terms are a series of international sales terms widely used in international commercial transactions. These are accepted by governments, legal authorities and practitioners worldwide for the interpretation of most commonly used terms in international trade.

As of January 1, 2011 the eighth edition, Incoterms 2010, have effect. The changes therein affect all of the five terms previously listed in section D, which are now obsoleted and replaced with these three: DAT (Delivered at Terminal), DAP (Delivered at Place), and DDP (Delivered Duty Paid). The new terms apply to all modes of transport.

Within Exact Globe, users can create, delete, activate and maintain incoterms themselves. The incoterms can be linked to the suppliers to be used for defaulting. Next to this you will be able to select the incoterms during entry of the purchase order or the Return to Vendor (RTV) order. Of course the incoterm can be used throughout the complete process after entry, like printing on purchase layout, displaying at the purchase history overview and during XML import/export.