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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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Time and Expense Management Features and Functions

Time management refers to the development of processes and tools that increase efficiency and productivity. Time management tools include electronic timesheets that capture both work and non-work related activities, thus allowing organizations to capture and track data for payroll and project-related activities. Expense management refers to tools that streamline and automate the submission and approval of multiple expenses and expense types, such as travel, lodging, car rentals, meals, etc. In accounting, an expense is a general term for an outgoing payment made by a business or individual.

Time Management

Time management refers to the development of processes and tools that increase efficiency and productivity. Time management tools include electronic timesheets that capture both work and non-work related activities, thus allowing organizations to capture and track data for payroll and project-related activities.

Expense Management

Expense management refers to tools that streamline and automate the submission and approval of multiple expenses and expense types, such as travel, lodging, car rentals, meals, etc. In accounting, an expense is a general term for an outgoing payment made by a business or individual.

ERP for Services (Non-manufacturing) Features and Functions
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