Name: Factory Software ERP
Author: Factory

Help Desk

Web and Video Conferencing

Customer Support

Performance Testing

Development

Business Intelligence (BI)

Collaboration

Integrated Workplace Management (IWMS)

Supply Chain Visibility

Whistleblowing

Enterprise

Accounting

Payment Hubs

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Corporate Wellness

Employee Engagement

HR Management

Payroll

Talent Intelligence

Talent Management

Video Interview

Workforce Analytics

Workforce Management

eLearning Content

Human Resources

Business Process Automation

Business Rules Management

Cloud Data Warehouse

Cloud Storage

Data Replication

Database Management

Database-as-a-Service (DBaaS)

DevSecOps

Encryption Key Management

Fraud Detection

Integration Platform as a Service (iPaaS)

Machine Learning

Mobile Data Security

Network Performance Monitoring

Network Troubleshooting

Office Migration and Repair

SOA Governance

Value Stream Management

Vector Databases

Virtual Data Room

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Appointment Scheduling

Content Management

Ecommerce Personalization

Email Marketing

Event Management

Grant Management Software

Marketing Attribution

Marketing Automation

Social Media Advertising

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

AI Sales Agent

Customer Relationship Management (CRM)

Sales Acceleration

Sales Dialer

Sales Training

Sales

Cloud Computing Security

Security

Agriculture

Digital Forensics

Hospital Management

Insurance Claims Management

Insurance Suites

Medical Office EMR & EHR

Military and Defense

Plagiarism Checker

Population Health Management

Veterinary

Vertical-Specific

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Factory Software ERP is a specialized solution designed to optimize the operations of small, medium, and large industrial companies in Colombia. This software is tailored for manufacturing, industrial, production, commercial, and financial companies, providing management of manufacturing, administration, sales, payroll, business intelligence, and web portals. According to the vendor, Factory Software ERP aims to provide reliable and optimal results for companies in various professions and industries.

## Key Features

**Specialized Solution**: Factory Software ERP is a solution that manages manufacturing, administration, sales, payroll, business intelligence, and web portals to optimize operations in various industries and professions.

**MRP II Module**: The MRP II module aims to streamline processes, reduce costs, and improve profitability by providing production resource planning for both repetitive and project-based manufacturing, according to the vendor.

**CRM Module**: The CRM module enables efficient handling of the entire sales process, from quoting to payment, ensuring timely fulfillment of orders and quality customer service, according to the vendor.

**FRM Module**: The FRM module aims to streamline financial operations and provide comprehensive financial information, enabling effective financial planning and control, according to the vendor.

**HRM Module**: The HRM module aims to provide up-to-date and comprehensive management of employee information, streamlining HR processes and ensuring compliance with labor regulations, according to the vendor.

**Industrial Mobile App**: The App Factory is an industrial mobile app that connects in real-time with the ERP system, facilitating efficient communication and improving operational efficiency through real-time data collection and updates from the production floor, according to the vendor.

**Business Intelligence Module**: The BI module aims to optimize managerial and strategic decision-making by providing comprehensive analysis and reporting capabilities, enabling data-driven insights and supporting informed decision-making, according to the vendor.

**Web Portals**: The software includes web portals that allow direct communication with customers, suppliers, and employees, providing self-service capabilities for streamlined processes and improved customer satisfaction, according to the vendor.

**Control Production Process**: The software offers a diagnostic phase to understand the company's requirements and expectations, a detailed assessment of each department's needs, a software ERP demonstration to showcase functionalities, and a tailored economic proposal, according to the vendor.

**Access 24/7**: The specialized platform enables communication with business partners worldwide, providing quality information tailored to each user and updated in real-time with the ERP system, according to the vendor.

Microsoft Dynamics 365 is a CRM providing sales, marketing, and service functionality. It is offered as SaaS and on-premise. Dynamics 365 is part of the larger Dynamics suite of business intelligence and ERP products.

Microsoft Dynamics 365

GlassManager

Factory Software ERP

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)

Factory

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

Factory Software ERP

Overview

What is Factory Software ERP?