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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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Knowledge Management, Collaboration, and Analysis Features and Functions

The major focus of knowledge management is to identify and gather content from documents, reports and other sources and to be able to search that content for meaningful relationships. In PPM, knowledge management also includes robust business intelligence capabilities from the extracted repository of information in the system.

Business Intelligence and Reporting

Business intelligence (BI), visualization, and reporting defines, evaluates, and monitors portfolios through a combination of customizable reports and dashboards that provide real time performance to all stakeholders. Some built-in reporting engines allow the retrieval and strategic analysis of live data at the people, project, and organization levels. Reporting features enable users to analyze project status, individual tasks, resource utilization, issues, risks, and other project-related items to help improve the efficiency and profitability of organizations.

Sarbanes-Oxley Compliance

The Sarbanes-Oxley Act (SOX) is a US law passed in 2002 to strengthen corporate governance and restore investor confidence. Software solutions compliant with SOX provide businesses with internal controls and reporting capabilities.

Document and Records Management

Document management products function to help companies better manage the creation and flow of documents through the help of databases and workflow engines that encapsulate metadata and business rules. Records management consists of creation, maintenance, and destruction of records of an organization. The life cycle of record management includes creation, distribution, storage and maintenance, retention, and archival.

PPM for Professional Services Automation Features and Functions
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