Features
Top Performing Features
Direct deposit files
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Category average: 7.6
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.
Category average: 7.6
Plug-ins
A number of third-party plug-ins are available to expand the core functionality of the software.
Category average: 7.4
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.
Category average: 8.4
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.
Category average: 7.5
Benefit plan administration
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
Category average: 7.4
Direct deposit files
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Category average: 7.6
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.
Category average: 7.6
Plug-ins
A number of third-party plug-ins are available to expand the core functionality of the software.
Category average: 7.4
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.
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.
Category average: 8.4
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.
Category average: 7.9
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.
Category average: 7.6
Standard reports
The software offers pre-built reports with metrics standard to the category.
Category average: 7.3
Custom reports
Users can create custom reports.
Category average: 7.3
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.
Category average: 8.2
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.
Category average: 8.1
Global Financial Support
Account using multiple ledgers, multiple currencies, and multiple entities
Category average: 7.8
Primary and Secondary Ledgers
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
Category average: 7.9
Journals and Reconciliations
Automate and synchronize ledgers and processes
Category average: 8
Configurable Accounting
Configure accounting rules and segments for each chart of accounts
Category average: 7.8
Standardized Processes
Centralize financial management to facilitate standardized financial processes
Category average: 8
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.
Category average: 8
Automatic reordering
The software can be set up to automatically reorder a good when it falls below a certain threshold.
Category average: 7.4
Location management
The software can track multiple goods across multiple locations.
Category average: 7.7
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
Category average: 7.9
Cash and Asset Management
Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments
Category average: 7.8
Travel & Expense Management
Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement
Category average: 7.1
Budgetary Control & Encumbrance Accounting
Control spending at any budget level or time interval
Category average: 7.1
Period Close
Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration
Category average: 8.1
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
Category average: 7.7
Project Costing
Standardize, track, and control costs at all project phases
Category average: 7.8
Cost Capture
Capture costs including those for procurement, financials or time and labor, including from external systems
Category average: 7.9
Capital Project Management
Track and manage capital asset costs
Category average: 7.6
Customer Contract Compliance
Associate projects or tasks with customer contracts, and lines within contracts, to meet billing terms
Category average: 8.1
Project Revenue Recognition
Recognize project contract revenue in line with accounting policies and regulations
Category average: 7.8
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
Category average: 7.2
Procurement
Procurement management solution with capabilities for sourcing, contracting, procure-to-pay and supplier management
Bids Analyzed and Compared
Evaluate, compare and recommend across multiple bids in real-time using diverse user selected criteria and graphical analytics
Category average: 7.1
Contract Authoring
Document authoring with guided navigation, negotiation templates and productivity tools for reviews and collaboration
Category average: 6.9
Contract Repository
Secure and searchable contract repository leveraging standard company language components, structures and formats
Category average: 7
Requisitions-to-Purchase Orders Integrated
Create touchless purchases using purchase orders generated automatically per rules from approved requisitions
Category average: 7.6
Supplier Management
Broadly manage and report comprehensive supplier profiles, capabilities and performance; identify bottlenecks; balance allocations, workloads
Category average: 7.7
Supply Chain
Supply Chain Planning solution with capabilities for planning, performance monitoring, change responses and execution.
Forecasting
Statistically forecast based on historical patterns and sales input, monitor accuracy and estimate new demand
Category average: 7.3
Inventory Planning
Establish projected inventory levels, monitor actual levels and compare with projected levels
Category average: 7.4
Performance Monitoring
Analyze business metrics and compare actual performance to plans, identify issues, prioritize demands and respond to changes
Category average: 7.2