Gartner defines a service-centric cloud ERP solution as a suite that is marketed and sold as an integrated product that provides at least three of the following: Financial management system (FMS) functionality, including general ledger, accounts payable (AP), accounts receivable (AR) and financial planning. Order-to-cash (O2C) functionality, ranging from configure, price and quote (CPQ) to cash collection activities. Source-to-pay (S2P) functionality, which must cover at least e-sourcing, contract life cycle management, e-purchasing, AP invoice automation, supplier management, collaboration and payments. Human capital management (HCM) functionality, which must cover at least administrative HR capabilities, such as core HR data management, employee life cycle transactions and position management. Other administrative ERP functionality, to support typical service-centric activities, such as extended planning and analysis (xP&A), project management (for project-centric capabilities), service procurement and real estate lease management. In addition, Gartner defines the market for cloud ERP for service-centric enterprises as serving organizations that typically focus on service (nonproduct) industries, including: Professional services Healthcare Software Media Financial services Telecommunications Nonprofit sectors Real estate
Reviews for 'ERP and Corporate Management - Others'
Non-profit accounting software is a specialized financial management software designed to meet the unique needs of non-profit organizations. Unlike traditional accounting software used by for-profit businesses, non-profit accounting software includes features tailored to manage the finances of non-profit entities, which often have different reporting requirements, revenue sources, and financial management needs. It allows non-profits to track and report on various funds separately, ensuing that donor-restricted funds are used appropriately. It also provides templates to generate financial statements in compliance with accounting standards. By addressing the specific needs of non-profit financial management, this software helps organizations ensure financial transparency, accountability, and efficiency, which are critical for maintaining donor trust and fulfilling their mission.
Higher education alumni advancement platforms support activities related to alumni and donor relations, communications, marketing, and fundraising. The functionality is often quite broad, as it includes system of record (SOR) back-office functions (i.e., demographic records and gift processing); system-of-engagement functions (i.e., alumni networking and communication between the institution and constituents [e.g., graduates, donors, stewards, parents, community members]) and analytics functions (i.e., campaign ROI analysis and donor giving propensity scores. Higher education alumni advancement platforms play a crucial role in managing communication, engagement and fundraising activities. They significantly contribute to the enduring success and sustainability of educational institutions by cultivating strong relationships within an efficient and streamlined framework.