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Key Terms

  • Sage BOB: Popular Luxembourg-specific accounting software
  • Odoo: Open-source ERP system with Luxembourg localization
  • PCN Compliance: Software support for Plan Comptable NormalisĂ©
  • Cloud Software: Software hosted online, accessed via internet
  • On-Premise Software: Software installed on your own computers
  • Data Migration: Process of transferring data from one system to another
  • Field Mapping: Process of mapping source fields to destination fields
  • Bank Integration: Connection between accounting software and bank
  • POS Integration: Connection between accounting software and point-of-sale system
  • Payroll Integration: Connection between accounting software and payroll system
  • Backup: Copy of data for protection and recovery
  • Full Backup: Complete data backup
  • Incremental Backup: Backup of only changed data
  • Data Encryption: Process of encoding data for security
  • Access Controls: Security measures controlling data access
  • Disaster Recovery: Procedures for recovering from data loss
  • Total Cost of Ownership (TCO): Total cost including purchase, implementation, support
  • Software License: Right to use software (one-time or subscription)
  • API (Application Programming Interface): Interface for software integration
  • Data Validation: Process of checking data accuracy and completeness

End of Chapter 33 Key Terms