Name: Forward ERP
Author: Meritec

Help Desk

Web and Video Conferencing

Customer Support

Innovation Management

Development

Admissions and Enrollment

Career Center

K-12 Online Learning

Education

Audit

Business Intelligence (BI)

Collaboration

Office Suites

Procurement

Smart Spaces

Transportation & Logistics

Enterprise

Accounting

Expense Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

International Payroll

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Cloud Storage

Complex Event Processing

Component Content Management

Data Pipeline

Data Virtualization

Digital Experience Monitoring (DEM)

Disaster Recovery

Fraud Detection

Hosted Virtual Desktop

Integration Platform as a Service (iPaaS)

Internet of Things (IoT)

Network Performance Monitoring

Remote Desktop

SSL Certificate

SaaS Backup

Server Virtualization

Software Defined Networking (SDN)

Vulnerability Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Call Tracking

Contact Management

Content Management

Customer Experience Management

Email Marketing

Identity Resolution

Intent Data

Marketing Automation

Marketing OS

Product Management

Referral Marketing

Social Media Management

Survey & Forms Building

Virtual Event

Web Analytics

Marketing

Project Management

Professional Services

Construction CRM

Customer Relationship Management (CRM)

Field Sales Software

Proposal

Sales Coaching

Sales

Catering

Clinical Trial Management

Loan Servicing

Multiple Listing Service (MLS)

Nonprofit Advocacy

Retail Analytics

Retail Execution

Retail Management

Vertical-Specific

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Forward ERP is an Enterprise Resource Planning solution designed to streamline business operations and enhance efficiency. According to the vendor, it caters to companies of various sizes, from small-scale enterprises to large corporations with hundreds of concurrent users. This versatile software is tailored for use by professionals in industries such as manufacturing, distribution, online retail, and service provision.

**Key Features**

**Financial Management**: According to the vendor, the system allows efficient management of financial transactions, budgeting, fixed assets, and tracking of local and international debtor accounts.

**Manufacturing**: The vendor states that the software can streamline manufacturing processes, optimize production efficiency, and provide insights into manufacturing costs, inventory levels, and production performance.

**Project Management**: The system, according to the vendor, enables effective planning, execution, and monitoring of projects, with features for task assignment, resource allocation, and project reporting.

**Supply Chain**: According to the vendor, the software optimizes supply chain operations, manages procurement and supplier relationships, and streamlines logistics and distribution processes.

**Order Processing**: The vendor claims that the system streamlines order processing, manages sales and purchase orders, and provides reports for order performance analysis.

**Setup and Administration**: According to the vendor, the software offers configuration and customization options, user role and permission management, and organization structure and hierarchy management.

**Integration**: The vendor states that the software seamlessly integrates with other business systems and applications for improved data accuracy and efficiency.

**Inventory Management**: According to the vendor, the system allows tracking and management of inventory levels, stock replenishment, adjustments, and optimization of inventory holding costs.

**Warehousing and Distribution**: The vendor claims that the software streamlines warehousing and distribution processes, optimizes warehouse layout and storage configurations, and manages receiving, picking, packing, and shipping operations.

**Reporting and Views**: According to the vendor, the software enables the generation of comprehensive reports, customization of reporting views and dashboards, and real-time access to data for informed decision-making.

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

Forward 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)

Meritec

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.

Security

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

Forward ERP

Overview

What is Forward ERP?