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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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Cost Report and Inventory Accounting Features and Functions



  • Records standard costs of material, direct labor, and overhead (total, fixed, variable, and material)

  • Transfers inventory between company and divisions

  • Tracks and records the inventory valuation of vendor and customer consignment materials

  • Audit trail for transaction records

  • Generates reports on standard costs

  • Tracks the value of stockroom inventory at the item-level, and generates a valuation report

  • Tracks the value of WIP, by manufacturing order and generates a valuation report

Product Costing Features and Functions
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