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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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Payables Analysis Features and Functions

Once an invoice has been input, it needs to be approved and scheduled for payment. This section discusses those steps.

Automatic Invoice Approval Conditions

This question lists some of these conditions and the accounting system should support such a mechanism to assist user minimize their processing costs.

Invoice Approval Workflow System

This question lists some of the tasks which might be followed and therefore need to be supported by the system.

Screen Review of Invoices Due



Single Screen Analysis of All Obligations

This question concentrates on the management of the outflowing obligations of an organization.

Automatic Recalculation of Payment Schedule



Global Modification of Invoice Selection Parameters

Users should be able to change the selection parameters on a permanent basis, or at least until they instruct the system to return to its original settings.

Manual Selection of Payments

Users should have the option to print a remittance check at any time they desire.

Payables Analysis (General)

Once an invoice has been received and input, the control or analysis of that invoice and those costs follows one of many paths depending on procedures established by the individual company. This question lists some of these procedures.

Accounts Payable Features and Functions
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