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Software Evaluation Features and Functions

Before you can begin comparing enterprise software solutions, it's important to understand the features and functions that you need to run your business.Below, you'll find links to comprehensive models of features and functions for several types of enterprise software, accounting, asset management, business intelligence (BI), content management systems (CMS), enterprise resource planning (ERP), human capital management (HCM), product lifecycle management (PLM), product portfolio management (PPM), relationship management, and supply chain management (SCM). These feature/function models can help you better understand vendor offerings as you compare software solutions, including

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Data Input (General) Features and Functions

If an expense is being paid by one entity, but other entities actually share in that expense, users should have the ability to distribute those expenses automatically to each of the entities.

  • Forces balanced transactions

  • Automatic processing of prepaid expenses

  • Define start/end dates for expensing prepaids

  • Post to G/L prepaid account only when paid

  • Automatic processing of accrued expenses

  • Automatic amortization scheduling

  • Carries prepaid, etc. into new year

  • Assigns voucher numbers automatically

  • Override invoice date as posting date

  • Restricts discounts by line item

  • Multiple distribution of expenses

  • Input descriptions for jobs/projects

  • Input products and services in same routine

  • Flags line items not listed on purchase order

  • Requires special approval for flagged items

  • Automatic segregation of freight charges

  • Schedule invoice payment over time

  • Restricts invoice amount

  • Prevents alteration of unit cost

  • Override default G/L distribution in purchase order

  • Modify G/L distribution for posted invoice

  • Automatic payment of recurring invoices

  • Automatic posting of loan principle and interest

  • Maintains separate files for each loan

  • 1099 backup withholding

  • Handwritten check posting

  • Free-form field to describe invoice

  • Automatic deletion of invoice and expense account

Data Input Features and Functions
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