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The Accounts Receivable module also provides an effective and organized system for maintaining customer information, and, in turn, can lead to improved customer service and profitability. You can also automatically prepare customer statements on demand. In addition, with a series of additional time-saving features and reporting options, the Accounts Receivables module streamlines your entire receivable process.
This module makes the accounting process efficien, saving your company time and money. This module fully integrates with the Accounts Payable, Account Receivable, Payroll, and General Ledger modules to offer a total accounting software solution.
Among the most important time-saving features of the Cash Management module is its full bank reconciliation capabilities. The Cash Management module is also capable of generating checks to payees not defined in the Accounts Payable or Payroll module.
Increased profit is a paramount goal of any size business. The Cash Management module provides current balances and calculated future balances for all cash accounts through a variety of customizable detailed reports. Reconciliation reports include summary information for deposits, consolidation of all check register information, and General Ledger distribution bank transaction information.
With the Cash Management module, you can make better business decisions and drive your company to increased profit.
The General Ledger module is the heart of the business accounting solution and is the most powerful module. The General Ledger module combines flexibility with ease of use, to give you the critical information you need to make timely and informed business decisions and to manage your company more effectively. The General Ledger module maintains current financial information, as well as transaction history and budget information for up to nine fiscal years.
This module also allows a virtually unlimited number of accounts in the chart of accounts, each with up to departments. The General Ledger module not only organizes all of your financial information from other modules, it also combines information from multiple companies into a single consolidation company for financial reports.
Accurate financial statements and associated reports generated by a general ledger system are critical for timely decision making; therefore, it is imperative that a general ledger system be powerful, flexible and informative to management, yet still be easy to use and operate. With the General Ledger module, you can rest assured that your crucial accounting information is precise and accessible whenever and wherever you need it.
Some of the performance-tuning aspects are also missing in version 6. They should provide performance-related fixes, which will be helpful for the customers. If you are migrating from the current version to the container-supported version, it is quite expensive.
The product has evolved, but it is very pricey. That's one of the challenges. They have provided all the features that are there in other products, but this is a platform upgrade. The platform has completely been changed from 5. We can't run both versions on the same server as VM. The development environment is entirely different. In version 5. Now, it has common plug-ins developed on top of Eclipse. Scalability is a challenge.
Because we are using on-prem and it is not on the cloud, autoscaling is not happening. Autoscaling is not possible because we need to increase the cores and RAM in our virtual machine and bring the services up. TIBCO has another version that supports the cloud, but we are not using that particular version because it is very expensive.
We have raised some of the questions with them, and we got a quote from the TIBCO team about the cost of the cloud-supported version, but we would also like to evaluate other cloud-supported tools that are available in the market, such as MuleSoft and Fiorano. We would like to compare these tools and see which one is feasible and for which one, people are available for development activities.
It is simple. The deployment hardly takes five to eight minutes. We have around plus APIs as of now. It requires basic maintenance.
If APIs are taking more time, we need to fine-tune that. If they are not responding, we need to look into that. It depends on how it is implemented and deployed in the environment and whether we need to fine-tune the environment. It is a monitoring tool that gives us some kind of idea about whether the service is up or down. If it is down due to some reason, we can set a rule to autostart.
It is a bit expensive for medium-sized companies. The existing licensing will not work because the product platform itself is different. They should fix the outstanding issues in version 6. Because the issues that we are facing have to do with the container-based image. It is so big that it makes it very difficult to autoscale. They need to do a few things. First, they need to make it smaller, and also to make it really a true cloud citizen.
I just received a new version the other day and they have included quite a lot of changes. It is impossible to tell what they have already taken care of. But I have experienced that there are some security vulnerabilities that they need to fix on the Docker image. I do not have the specific details because we have not totally isolated the problem, but there are some vulnerabilities and those are apparent in the TIBCO container edition.
With TIBCO as a platform, scalability should not be an issue because it is cloud-based and should support autoscaling. It is scalable both vertically and horizontally. It is middleware, where you use it to expose APIs and from there you have systems connecting to it. So it supports the operations of the entire enterprise. You can not really quantify the number of users because it is just a tool for exposing APIs. We often have to raise a ticket. Not in a bad way.
Most of the time it is just that we come to a new situation or requirement and it is better and quicker to have them assist us. It is not because of the stability of the solution.
It is always a new challenge where we require their technical assistance. The technical support team is usually very prompt. It is also better in terms of ease-of-use. Oracle is too complex.
I find it unnecessarily complex and heavy. I think the setups that I have done were mostly straightforward. They really did not require a lot of back and forth or complicated configurations. But in some scenarios, I have had complicated implementations. The initial setup normally takes between a week to two weeks. This is for the deployment and then after that, we spend a little time doing some testing. It is really not an outrageous amount of time for deployment at all.
The only caveat I would tell people considering this solution is that there are issues with the container-based image.
It needs to be made much smaller. But as a tool to help you work doing what it was made to do, it is a very good product. If you see the amount of work that we do with it and the kind of revenue and customer experience because of the value that we get from TIBCO, the high rating is warranted.
The cost of this product is too expensive for smaller companies or those with a small number of integrations.
Within the past year, I've explored MuleSoft. I haven't used it much but I know how it works. It has different advantages, and it's more API-based.
It's a cloud-based solution. I deployed it myself. We have a 10 member deployment team that follows a sprint cycle. They include DevOps people, administrators, and others.
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