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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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Financial Statements (General) Features and Functions

This question asks whether a system provides a special screen or screens which are updated continuously (daily) by which users can track information of importance to them. Some systems offer a single set of financial snapshots. The most productive system should display any information that can be generated by any part of the system and there should be a separate screen for each user so that they can track what is of importance to them personally.

  • Print financial statements to screen

  • Consolidate multiple companies

  • Consolidate different charts of accounts

  • Consolidate partially owned companies

  • Consolidate range of accounts

  • Supports account masking

  • Consolidate entities with different fiscal years

  • Define tree structure for consolidation

  • Checks validity of consolidation

  • Eliminate inter-company transfers

  • Group profit centers

  • Produce management accounts

  • Add indexed notes to financial statements

  • Monthly financial statement

  • Year to date financial statement

  • Quarterly financial statement

  • Print balance sheet for any reporting unit

  • Reports exceptions if budget projection exceeded

  • 12/13 column period reports

  • Print any range of consecutive months

  • Percentage of revenue calculation

  • Cash flow analysis

  • Working capital analysis

  • Changes in financial position

  • Ratio analysis

  • 13 column period reports

Financial Statements Features and Functions
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