ERP for the Oil and Gas - TK421 Features and Functions
The process enterprise resource planning (ERP) knowledge base anticipates as many factors as possible to assist businesses in the process manufacturing field, which typically involves mixing, separating, forming, or performing chemical reactions (for example, paint manufacturers or refineries). The knowledge base includes criteria for determining batch control and reporting, formula and routing, and material management capabilities. It also provides information for other enterprise management modules such as human resources and financials.
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Financials
Financial system modules for bookkeeping and ensuring accounts are paid or received on time.
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Human Resources
Human Resources encompasses all the applications necessary for handling personnel-related tasks for corporate managers and individual employees. Modules will include Personnel Management, Benefit Management, Payroll Management, Employee Self Service, Data Warehousing, Health and Safety, Workforce Management, Training, and Product Technology
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Payroll
Payroll manages the portion of accounting that is related to salaries, wages, and bonuses for employees. The software must be able to support the following set of functionality: payroll profile for the employees, benefits and deductions, eligibility controls, user’s balances, tax deductions, as well as payroll calculations, processing of payments, check printing, check distribution, tax documentation, security and auditing, and automated timesheets.
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Oil and Gas Accounting
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Maintenance Management
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Supply Chain Management
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Project Costing and Billing
Project portfolio management organizes a series of projects into a single portfolio consisting of reports that capture project objectives, costs, timelines, accomplishments, resources, risks, and other critical factors. Executives can regularly review entire portfolios, spread resources appropriately, and adjust projects to produce the highest departmental returns. As its name implies, project portfolio management groups projects so that they can be managed, the same way an investor would manage stocks, bonds, and mutual funds.
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Enterprise Resource Planning (ERP) Features and Functions
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