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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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Pricing Features and Functions



  • Price and discount table corresponds to individual suppliers and items

  • Automatic update of an item's record based on the item's most recent purchase price

  • Orders may be discounted manually or automatically based on the order line

  • Price adjustments such as quantity discounts are determined from a grade table

  • Vendor price may be changed for a product class in multiple vendor agreements

  • Pricing and discounting tables include effectivity dates

  • Suppliers may be chosen manually on the basis of best pricing or discounting

  • Suppliers are chosen automatically on the basis of best pricing or discounting

  • Automatically updates prices and discounts based on a percentage or fixed amount

  • Price rounding determined by established rates

  • Calculates PO price by searching price tables

  • POs may be generated in any currency

Purchasing Management Features and Functions
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