Name: myfactory Cloud ERP
Author: myfactory International

Call Center Workforce Optimization

Help Desk

Web and Video Conferencing

Customer Support

Chatbot

Flowchart

Development

Career Center

Education

Business Intelligence (BI)

Collaboration

Enterprise Search

Streaming Analytics

Enterprise

Accounting

Accounting and Tax Services

Budgeting and Forecasting

Crypto Accounting

Tax Compliance

Finance and Accounting

Applicant Tracking

Benefits Administration

Corporate Learning Management

Freelance Management

HR Management

Payroll

Recruitment Marketing

Talent Intelligence

Talent Management

Video Interview

Workforce Analytics

Workforce Management

eLearning Content

Human Resources

Application Virtualization

Blade Servers

Cloud Storage

Disaster Recovery

Fraud Detection

IT Professional Services

Identity Verification

Integration Platform as a Service (iPaaS)

Machine Learning

Network Performance Monitoring

Office Migration and Repair

Packet Analyzer

Penetration Testing

Single Sign-On

Vector Databases

Virtual Data Room

Virtual Private Cloud (VPC)

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Call Tracking

Click Fraud

Content Management

Customer Success

Digital Content Creation

Email Marketing

Enterprise Marketing Management

Marketing Automation

Referral Marketing

Social Media Management

Survey & Forms Building

URL Shorteners

Video Editing

Web Analytics

Marketing

Project Management

Professional Services

Construction CRM

Customer Relationship Management (CRM)

Revenue Operations

Sales

Interior Design

Inventory Management

Moving Software

PCB Design

Population Health Management

Public Transportation

Retail Execution

Retail Management

Vertical-Specific

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Myfactory Cloud ERP is a cloud-based software solution designed for small and medium-sized businesses (SMBs) in the fields of trade, production, and services. According to the vendor, it offers a range of modules for Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Financial Management (FMS), Management Information System (MIS), Point of Sale (POS), Production Planning and Control (PPS), Human Resource Management (HRM), E-Commerce, and Business Management. These modules cater to various professions and industries, including trade, production, and services.

## Key Features

**ERP**: According to the vendor, Myfactory Cloud ERP is a modular application that provides a comprehensive enterprise resource planning (ERP) software solution for SMBs. It includes modules for managing inventory, orders, stock, and supply chains.

**CRM**: The vendor states that Myfactory Cloud ERP offers an integrated system for marketing, sales, and service. It supports businesses in acquiring, managing, and retaining customers. Features include customer relationship management, sales control, and service management.

**E-Commerce**: According to the vendor, Myfactory Cloud ERP enables businesses to quickly establish and manage online shops and e-commerce platforms. It assists in building and operating an online sales channel, with features for product management, order processing, payment handling, and shipping.

**Business Manager**: The vendor claims that Myfactory Cloud ERP provides a groupware solution for efficient team organization. It offers features for team communication, scheduling, and task management, facilitating collaboration and coordination of teams and projects. Includes functions like email, calendar, task lists, and document management.

**FMS - Finanzen**: According to the vendor, Myfactory Cloud ERP provides integrated accounting, cost accounting, and asset accounting functionalities. It assists businesses in financial accounting and cost management, allowing for the management of income, expenses, invoices, and payments. Includes reporting, budgeting, and asset accounting features.

**HRM**: The vendor states that Myfactory Cloud ERP offers centralized cloud-based personnel management capabilities. It provides features for personnel administration, employee data, and payroll processing. Supports businesses in workforce planning, development, and management. Includes time tracking, leave management, and personnel statistics features.

**MIS**: According to the vendor, Myfactory Cloud ERP is a management information system that consolidates enterprise information. It includes functionalities for management reporting and business analysis, enabling the evaluation of company data and key performance indicators (KPIs). Features include dashboarding, data visualization, and report generation.

**PPS**: The vendor claims that Myfactory Cloud ERP provides centralized control of internal and external production processes. It assists businesses in production planning and control, enabling the management of production orders, resources, and materials. Features include capacity planning, order tracking, and quality control.

**POS-Kasse**: According to the vendor, Myfactory Cloud ERP offers a seamlessly integrated web-based point of sale (POS) system. It provides features for sales, payment processing, and cash register operations. Supports businesses in operating cash registers in physical stores and online retail. Includes inventory management, customer loyalty, and sales analysis features.

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

myfactory Cloud ERP

Enterprise Resource Planning (ERP) Systems are business management software that allows an organization to use a system of integrated applications to manage the business. ERP systems integrate development, manufacturing, sales and marketing.

Enterprise Resource Planning (ERP)

myfactory International

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

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.

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

Capital Project Management

Customer Contract Compliance

Associate projects or tasks with customer contracts, and lines within contracts, to meet billing terms

Project Revenue Recognition

Recognize project contract revenue in line with accounting policies and regulations

Project Execution Management

Project execution management solution including capabilities for project scheduling, resource management, and team member task management.

Project Planning and Scheduling

Interactive Gantt chart for establishing tasks, durations, and delivery schedule

myfactory Cloud ERP

Overview

What is myfactory Cloud ERP?