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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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Informational Fields Features and Functions



  • Creates unique asset tag numbers by using tag controls

  • Serial number

  • Model number

  • General ledger account codes

  • Categories

  • Subcategories

  • Custodian (individual/department)

  • Location

  • Room number

  • Asset categories

  • Building names (alphanumeric)

  • Activities and funding sources

  • Specifies the original PO number and vendor

  • PO date

  • Acquisition date

  • Manufacturer

  • Vendor

  • Descriptions of assets

  • Cost of asset

  • Improvement costs

  • Current cost

  • Records values of asset appraisals

  • Check number

  • Check date

  • Salvage value

  • Useful life of asset

  • Capital lease indicator

  • Records details on leased property

  • Vehicle license number

  • Fleet number

  • Category code

  • Grant asset indicator uses "yes" or "no" and is set to default "no"'

  • Grant percentage (allow split funding)

  • Donation indicator

  • Records the tax cost at the time of the acquisition by using a percentage of the asset cost

  • Expense account for G/L depreciation

  • Date of asset transfer

  • Asset disposition date and value

  • Asset disposition value

  • Disposition code

  • Purchaser of disposed item

  • School or department request of disposal date

  • Board approval date of disposal

  • Tax basis by disposal value

  • Profit/loss by book and tax

  • Asset condition

  • Multiple component costs (original cost of asset plus improvement costs)

  • Tax map key number

Records for Fixed Assets Features and Functions
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