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the daily accounting and business
management functions. It should support
multi-company, multi-warehouse and
international companies, including financial
consolidations, intercompany eliminations
and reconciliations.
Its basic financial management and
accounting functions should include
General Ledger, Accounts Payable, Accounts
Receivable, Cash Management and Tax
Management. Users should easily be able
to create quotes, convert to sales order,
check inventory availability, perform
credit check, pick, ship, invoice, and
collect payment.
Bernard Ford, One Channel CEO
Productivity
Firstly, the product must make staff more
productive, it must be intuitive and easy to
learn and use. More importantly, it must
offer access from any device, anytime,
anywhere – to facilitate field staff and staff
working from home.
The product also needs to be multi-language
so that staff can work in the language that
best suits them. It is also essential to print
documents like invoices in the language of
the customer. Furthermore, multi-currency is
a definite requirement, staff needs to work in
any currency and convert as needed.
One also needs to look at workflow, does
the product automate business processes,
approvals and notifications. Document
management is a basic requirement.
Documents should be accessible to all key
personnel and users should be able to share
information and company documents with
various teams and departments.
There should be no need to maintain
integrations between applications, the product
should offer a single database with one
version of the truth. This will ensure better,
quicker decisions and fewer mistakes. It also
allows for comprehensive reporting to make
informed decisions without the guesswork.
Functionality
The product should have features
and functions that actually perform
www.intelligentcio.com
Additionally, they should be able to create
requisitions, obtain approvals, convert to
purchase order, receive inventory, receive
invoice, match and pay.
Modern products should support specific
industries including professional services,
business, repair and field services, wholesale
distribution, manufacturing and retail. There
should also be strong third-party software
support to extend product functions. A
library of enhancements should be available
to extend the functionality of the product to
meet one's unique business needs.
“
THERE SHOULD
BE NO NEED
TO MAINTAIN
INTEGRATIONS
BETWEEN
APPLICATIONS,
THE PRODUCT
SHOULD OFFER A
SINGLE DATABASE
WITH ONE
VERSION OF
THE TRUTH.
INTELLIGENTCIO
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