Name: FactWork
Author: F.EE

Help Desk

Web and Video Conferencing

Customer Support

Accessibility Testing

Automation Testing

Version Control

Development

Virtual Classroom

Education

AI Document Creation

Business Intelligence (BI)

Calendar

Collaboration

IP PBX

Knowledge Management

Enterprise

Accounting

Budgeting and Forecasting

Financial Planning and Analysis (FP&A)

Financial Research

Financial Risk Management

Trust Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Job Board

Payroll

Talent Intelligence

Talent Management

Time Tracking

Workforce Analytics

Workforce Management

Human Resources

.Net Development

Cloud Storage

Container Security

Deception Technology

Embedded Database

Event Monitoring

Fraud Detection

IT Professional Services

IT Service Providers

Integration Platform as a Service (iPaaS)

Load Testing

Machine Identity Management

Network Diagnostics

Network Performance Monitoring

Office Migration and Repair

Rack Servers

Runtime Application Self-Protection

Service Desk Outsourcing

Telecom Expense Management (TEM)

User Activity Monitoring

Value Stream Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Community

Content Management

Digital Experience Intelligence

Email Marketing

Influencer Marketing

Market Research

Marketing Automation

Mobile Analytics

Social Media Management

Survey & Forms Building

Usability Testing

Web Analytics

Wholesale Marketplace

Marketing

Project Management

Professional Services

AI Sales Agent

Customer Relationship Management (CRM)

Sales

Application Security

Cloud Security Posture Management

Identity Threat Detection & Response Software

Security

Estate Planning

Geographic Information

Tour Operator

Vertical-Specific

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FactWork is a software solution that aims to streamline and optimize production and time recording processes in companies. It caters to businesses of various sizes, with a particular focus on small and medium-sized project and contract manufacturers. According to the vendor, professionals and industries such as manufacturing and production companies, engineering and construction firms, project-based businesses, industrial and machinery companies, metalworking and fabrication industries, procurement professionals, and supply chain management professionals can benefit from the features and functionalities offered by FactWork.

## Key Features

**Production Planning and Control**: According to the vendor, FactWork enables efficient planning, control, and monitoring of resources in production. It takes into account machine capacities, employee qualifications, and required materials. Real-time visualization allows for the early detection of delays and bottlenecks.

**Operating Data Acquisition**: FactWork facilitates the identification of deviations from planning and assigns operational costs to projects. It automates the recording of working hours and unit quantities in production. According to the vendor, it offers seamless time recording in both office and construction site environments.

**Employee Time Recording**: FactWork tracks and manages employee attendance, shifts, and working hours. It supports the definition of flexible working hours and shift models. According to the vendor, it provides mobile time recording options for remote employees. Monthly accounting reports can be generated and integrated with payroll accounting systems.

**FactWork Mobile**: According to the vendor, FactWork Mobile allows users to access FactWork functions through smartphones, tablets, and notebooks. It includes features for contact and communication, personnel time recording, resource management, and document transmission. The system also supports barcode entry and QR code scanning.

**Material Planning**: FactWork determines requirements for purchasing, production, and external production. It initiates actions related to material management to ensure timely availability. According to the vendor, it provides real-time overviews of inventory development and performs checks for material availability.

**Stock Management**: FactWork automates material postings and manages stock entries, storage locations, material requests, and inventory. It offers support for design engineers and material planners. According to the vendor, it provides monitoring of article availability, generation of re-procurement proposals, and alerts for low stock levels.

**CRM**: FactWork includes an efficient Contact Relationship Management System for communication with customers, partners, and suppliers. It supports effective address management and includes a follow-up function for tracking deadlines and activities. According to the vendor, it also supports after-sales service through the processing and logging of support cases.

**Project Management**: FactWork supports multi-stage project organization and provides a clear overview of important project information. It offers comprehensive expenditure, cost, and budget control features. According to the vendor, it allows for the assignment of material and labor costs to cost centers and provides a holistic view of the budget.

**Order Processing**: FactWork enables efficient processing of orders from quotation to invoice. It offers precise calculation capabilities with price determination, special conditions, and seamless integration with Excel. According to the vendor, it includes professional article management and facilitates the administration of general agreements and invoices.

**Materials Management**: FactWork manages material planning, order management, and stock levels. It provides efficient material requirements planning and integrates seamlessly with project and order management systems. According to the vendor, it streamlines the procurement process through effective vendor management and purchase order management.

Odoo, from the Belgium-headquartered multinational company of the same name, is a suite of business applications for managing the sales pipeline. It also comprises a PoS and inventory management modules, scaling to a warehouse or retail management solution.

Standard

Custom

Odoo

Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.

Acumatica

FactWork

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)

F.EE

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.

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

FactWork

Overview

What is FactWork?