Name: Ekon ERP
Author: Ekon

Communications Outsourcing

Help Desk

Web and Video Conferencing

Customer Support

Innovation Management

Development

Business Intelligence (BI)

Collaboration

Enterprise Feedback Management

Interactive Voice Response (IVR)

Manufacturing Execution

Payment Facilitation

Supply Chain Management

Enterprise

Accounting

CTRM

Corporate Performance Management (CPM)

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Course Authoring

HR Compliance

HR Management

Payroll

Professional Employer Organizations (PEO)

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Cloud Storage

Enterprise Flash Array Storage

File Sync and Share

Fraud Detection

High Availability Cluster

In-Memory Databases

Integration Platform as a Service (iPaaS)

Internet Security

Network Operating Systems

Network Performance Monitoring

Remote Monitoring and Management

SaaS Management

Software Defined Storage (SDS)

Threat Hunting

User Virtualization

Wireless LAN

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Digital Signage

Email Deliverability

Email Marketing

Graphics

Headless CMS

Marketing Automation

Online Reputation Management

Retail Media Advertising

Social Media Management

Social Media Publishing

Survey & Forms Building

Technology Review

Web Analytics

Marketing

Field Service Management

Project Management

Professional Services

Customer Relationship Management (CRM)

Social Commerce

Sales

Intrusion Detection

Security

Auto Repair

Building Information Modeling (BIM)

Construction Management

HIPAA Compliance

Homeowner's Association (HOA) Management

Insurance Agency Management

Investment Portfolio Management

Law Practice Management

Legal Billing

OSS/BSS (Operations Support/Business Support)

Retail Analytics

Vertical-Specific

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Ekon ERP is an extensive enterprise resource planning (ERP) solution designed to streamline and optimize business processes across various departments. According to the vendor, this software caters to small, medium, and large-sized companies in manufacturing, distribution and wholesale, retail, service-based industries, and financial services.

## Key Features

**Accounting and Financial Management**: Ekon ERP offers a comprehensive financial management module that includes features for efficient management of accounts payable, accounts receivable, general ledger, and financial reporting. The vendor claims that it also provides robust budgeting and forecasting capabilities to assist businesses in planning and monitoring their financial performance. With support for multiple currencies and companies, organizations operating in different locations or with subsidiaries can purportedly manage their finances effectively.

**Sales and Customer Relationship Management**: Ekon ERP encompasses sales order management functionality to streamline the entire sales process, from quotation to order fulfillment. It also offers customer relationship management (CRM) functionalities to track and manage customer interactions, sales opportunities, and lead generation. Additionally, the software claims to provide flexible pricing and discount management features to accommodate complex pricing structures and discounts.

**Purchasing and Supply Chain Management**: Ekon ERP includes a purchase order management feature that simplifies the procurement process, from requisition to payment. It also offers supplier management capabilities, enabling businesses to maintain a centralized supplier database, monitor supplier performance, and manage contracts efficiently. The inventory management feature allegedly incorporates advanced functionalities for demand planning, stock control, and warehouse management.

**Production Planning and Control**: Ekon ERP provides material requirements planning (MRP) capabilities to optimize inventory levels and ensure timely availability of materials for production. The software claims to offer comprehensive shop floor control features for tracking and managing production activities, including work orders, routing, and scheduling. Additionally, Ekon ERP includes quality control and inspection functionalities to ensure adherence to product quality standards and industry regulations.

**Project Management**: Ekon ERP claims to offer comprehensive project management capabilities, encompassing project planning, resource allocation, progress tracking, and management of project-related activities and expenses. The software also includes resource management features to optimize resource allocation and capacity planning, facilitating efficient project execution.

**Human Resources and Payroll**: Ekon ERP provides functionalities for effective employee management, including employee record maintenance, attendance tracking, and streamlined management of leave and time-off requests. The payroll management feature claims to handle accurate calculation and processing of employee salaries, deductions, and tax withholdings. Additionally, it offers an employee self-service portal for easy access to personal information and payslips.

**Business Intelligence and Reporting**: Ekon ERP boasts robust reporting and analytics capabilities, enabling businesses to generate customized reports, insightful dashboards, and key performance indicators (KPIs). The vendor states that the software also offers intuitive data visualization tools to present data in visually appealing and easily understandable formats. Integration with business intelligence tools further enhances advanced analytics and data modeling capabilities.

**Integration and Customization**: Ekon ERP is built on an open architecture and offers seamless API integration capabilities, facilitating smooth integration with other business systems and applications. The software also provides extensive customization options, allowing businesses to tailor the ERP system to their specific requirements and workflows. Additionally, Ekon ERP ensures mobile accessibility, enabling users to access and manage ERP functionalities on-the-go through mobile devices.

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Standard

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Enterprise Resource Planning (ERP) helps to integrate and manage an organization's core business processes. It is a software system acting as a central nervous system, connecting functions like finance, human resources, supply chain, and manufacturing into a single, unified platform. ERP systems provide a single source of truth, automating workflows and offering real-time data to improve efficiency and decision-making across the enterprise. Compare ERP tools based on verified user reviews and find the best fit for your business needs.

Enterprise Resource Planning (ERP)

Ekon

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Journals and Reconciliations

Automate and synchronize ledgers and processes

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Subledger and Financial Process

Revenue management solution including capabilities for subledgers and financial processes

Billing Management

Access role-based billing work area, perform discrete and recurring billing

Cash and Asset Management

Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments

Travel & Expense Management

Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement

Budgetary Control & Encumbrance Accounting

Control spending at any budget level or time interval

Period Close

Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

Standard reports

The software offers pre-built reports with metrics standard to the category.

Custom reports

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

API for custom integration

An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.

Plug-ins

A number of third-party plug-ins are available to expand the core functionality of the software.

This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.

Role-based user permissions

Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.

Single sign-on capability

The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.

Multi-factor authentication

User-level audit trail

Grants Management

Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding

Award Lifecycle Management

Manage the life of program funding awards from initial funding to close-out

Project Financial Management

Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.

Budgeting and Forecasting

Establish project budgets and forecast future project financials

Project Costing

Standardize, track, and control costs at all project phases

Cost Capture

Capture costs including those for procurement, financials or time and labor, including from external systems

Ekon ERP

Overview

What is Ekon ERP?