Engineer-to-Order ERP (ETO) RFP Template

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Engineer-to-Order ERP (ETO) RFP Template Powered By Docstoc
					Technology Evaluation Centers Inc.
Engineer-to-Order ERP

                                                                                            Criteria Worksheet
                                                                             Priority   Mandatory
    Hierarchy                            Criterion                                                  SUP PSUP PADD MOD 3RD CST   FUT   NS                                Description
                                                                              (0-10)      (Y/N)
                                                                                                                                           Financial system modules for bookkeeping and ensuring accounts
1               Financials                                                                                                                 are paid or received on time.

                                                                                                                                           General ledger keeps centralized charts of accounts and corporate
                                                                                                                                           financial balances. It supports all aspects of the business accounting
                                                                                                                                           process. In this module, financial accounting transactions are
                                                                                                                                           posted, processed, summarized, and reported. It maintains a
                                                                                                                                           complete audit trail of transactions and enables individual business
                                                                                                                                           units to view their financial information, while parent companies can
                                                                                                                                           roll up all business subsidiaries and view the consolidated
1.1             General Ledger                                                                                                             information.
1.1.1           Parameters and Structuring
                                                                                                                                           Lean manufacturing typically refers to paperless (or less paper)
                Lean manufacturing accounting practices and methods                                                                        production and accounting. Instead of recording costs for every
                (i.e., manufacturing overheads based on cycle time                                                                         single order, the idea is to record these for certain determined cycles         including labor)                                                                                                           or schedules.         Fiscal calendar is defined by the user         Calendar periods are defined by the user

                Calendar can be defined as uneven periods, adjustment         periods, or into a maximum of 366 periods

                                                                                                                                           Multiple calendars may be useful for different accounting scenarios.
                                                                                                                                           For example, different financial entities may need separate fiscal
                                                                                                                                           calendars--one set of books might require a quarterly calendar while
                                                                                                                                           another would require a different term. If a merger results in two
                                                                                                                                           financial entities that have different fiscal calendars, the accounting
                                                                                                                                           system will need to maintain both calendars and normalize the data
                                                                                                                                           (Q2 for Entity A is equal to Q3 for Entity B). This may also be useful         Multiple calendars                                                                                                         for what-if scenarios.
                                                                                                                                           A financial reporting entity is a business unit which can legally make         Multi-entity financial reporting                                                                                           financial reports.
                Fiscal monthly period options for twelve or thirteen         months

                                                                                                                                           The 4-4-5 calendar period uses a four week, four week, five week
                Fiscal quarterly periods can be defined as 4-4-5, 5-4-4,                                                                   pattern. Likewise, the 5-4-4 calendar period uses a five week, four         or 4-5-4                                                                                                                   week, four week pattern; and analagously for the 4-5-4 pattern.         Organization of the calendar period defined by the user
                Calendar may be organized in a variety of ways with up                                                                     The calendar can be organized in a limitless form, with up to 999        to 999 user periods                                                                                                        user periods, per calendar
                Open any number of fiscal years or calendar periods at                                                                     The ability to have any number of fiscal years or calendar periods        the same time                                                                                                              open concurrently

                                                                                                                                           The ability to set a default currency by entity. For example, if a large
                                                                                                                                           company has one entity responsible for conducting business in the
                Companies with different regional presences may set a                                                                      US and another entity for the UK, the default currency may be dollars        default currency for the financial division of each region                                                                 for the US and British sterling for the UK.
                The reporting entity may determine organization of the                                                                     The ability to decide how to organize data when defining the        financial information                                                                                                      organization of an enterprise's financial information
                Distinguish A/P transactions (of the same type) from        different entities                                                                                                         account payable (A/P)
                Each entity's ledger can have its own calendar and chart                                                                   The ability to define a specific period calendar and chart of accounts        of accounts                                                                                                                for each entity ledger
                Each entity's ledger can have its own accounting                                                                           By controlling when an account is open and closed, the posting of        periods opened and closed                                                                                                  information in an account period can restricted.
                User may choose between data collection and real time        posting modes                                                                                                              Allows for instant processing or batch processing
                Tracks items in the G/L and sub-ledger by quantity and        value (in whichever currency is used)                                                                                      general ledger (G/L)

                                                                                                                                           The ability to change the currency used in balance sheet accounts to
                                                                                                                                           another currency using a default rate. It is possible to override this
                Maintain unit and dollar amount postings in GL and sub-                                                                    default rate for particular accounts. Moreover, it is possible to set        ledgers                                                                                                                    different default rates for different subledgers.
                User defined criteria for system purges for general
                ledger transactions, journal vouchers, and accounts
                payable data based on the number of years or months
                of data required to maintain--each purge type has its        own unique criteria
                Sub-ledgers closed out prior to performing a purge. The
                closeout process sets all financial account balances in
                the sub-ledger to zero by posting an equal and offsetting        transaction
                                                                                                                                           A general ledger key typically is an identifier attached to accounts to
                Specify a key and rules to have the system automatically                                                                   put the accounts into groups. For example, there may be fifteen
                                                                                                                                           accounts in the chart of accounts related to payroll, and all fifteen
                purge all records related to the key throughout the                                                                        accounts will be assigned the same key (perhaps "PAYROLL"). Thus
                system--sub-ledger accounts, sub-ledger transactions,                                                                      the system can purge or set other rules to all chart of accounts with        tables, rates                                                                                                              the same key.
                Automatic check to ensure that prior to deleting a
                financial record, the account balance must have been        "closed out" i.e. nets to zero
           Translation of balance sheet accounts including the
           ability to have a default rate (spot) that can be
           overridden on an exception basis (historic), on an
                                                                       The ability to cumulatively incorporate results from the previous
           account-by-account basis - do not want to set up a rate     accounting period into the current accounting period, but only when
           for every balance sheet account - the override rates will   the last document generated in the previous period was the financial   differ ledger to ledger                                     statement.
           Automatically insert actual account balances into the
           elapsed month's bucket in a future forecast file at the
           end of each accounting period when the system rolls   into the next period
                                                                       The ability to cumulatively incorporate results from the previous
                                                                       accounting period into the current accounting period, but only when
           Prevent roll from one accounting period to the next         the last document generated in the previous period was the financial   unless the last job run is the financial statements         statement.
           Audit log required for any changes to table information
           that may contain rates and information, which is used by
           the system in any way--before, after, change, date, and   who
                                                                       General ledgers are designed to present values for creating financial
                                                                       statements. The multiple level for a ledger key means the system will
                                                                       have a more complex and functional key structure--one that supports   Flexible general ledger key with multiple levels            a hierarchy of keys.

                                                                       The ability to automatically, rather than manually, identify open
                                                                       receivables exceptions by using user-defined conditions (for   Exception reporting with drill down capabilities            example, very large amount invoices, exceeding credit line, etc.)

           Change cross charge percentages without retroactively   changing previously published financial information

           Provision for use of standards that can be automatically   propagated throughout the system to the various ledgers
           Integration with ADP electronic transmission of payroll   data                                                        ADP refers to automatic data processing.
           Use the budget forecast information to create automatic
           postings; accruals for any potential overhead item, for
           example, bonus, depreciation, professional fees, new
           product development, and marketing expense; support
           standard (automatically repeating) postings and entries
           that are generated each month with reference to
           amounts maintained in budget fields for the month. The
           amounts may or may not be the same from month to            For future expenses that have not been received. Upon invoice   month                                                       receipt, differences are posted to a particular G/L account.
                                                                       This is different from a purge because the balance still exists but has
                                                                       been moved to another account. This allows for the automatic aging
                                                                       of account balances from a current file to a prior file and is required
           Automatic year-end rolling of balances in sub-ledgers       to maintain separate balances relating to customers acquired in the   and general ledger control accounts.                        current year and in prior years
           Automatic linking and posting of control accounts from   related sub-ledger accounts
                                                                       The ability to process jobs that are in the midst of being edited or   Process jobs in edit and update mode                        updated
           Jobs required to include error and warning messages on   reports
           Reports to include a control report that lists pages on     The ability to create a report
Description: "The Engineer-to-Order ERP (ETO) RFI/RFP Template lists and describes 3963 features and functions found in Engineer-to-Order ERP (ETO) software solutions. This ETO Template can help you save time, control costs, and communicate clearly with vendors at nearly every stage of your Engineer-to-Order ERP (ETO) software selection projects. Features and functions included in this ETO Template: * Financials * Human Resources * Manufacturing Management * ETO Project Management * Inventory Management * Purchasing Management * Quality Management * Workflow Management * Sales Management * and Product Technology This functional and technical requirement set template covers industry-standard functional criteria of ETO that can help you easily gather and prioritize your business needs in a simple and categorized excel document. More than a RFP template, it is a working document that serves as a knowledge base reference throughout the life-span of your ETO software project. Use this template to gather your ETO requirements, build RFIs and RFPs, and track the progress of your software implementation. Gather Your ETO Requirements Quickly and Effectively * Identify and prioritize the features and functions you need instead of building a list from scratch. * Easily add your company's unique ETO requirements. * Find out what features and functions vendors support, and how they support them. Collect Clear ETO RFI and RFP Responses * Improve vendor participation by issuing RFIs that vendors can understand, and respond to easily. * Use RFI responses to create lists of requirements for your RFPs or requests for quotation (RFQs). * Make sure that vendors understand and can support all your requirements. Eliminate ETO Implementation Surprises * Get a clear picture of any required customizations. * Help ETO vendors accurately cost required development work. * Compare your existing systems to the winning soluti
PARTNER Technology Evaluation Centers
Developed in conjunction with software analysts and the world's leading software vendors, TEC's request for proposal (RFP) templates are specially designed Excel spreadsheets that give you a comprehensive list of features and functions (criteria) for each of over forty different kinds of enterprise software solutions. These lists of criteria, which in most cases numbering in the thousands, give you a full view of all the features and functions currently available for the selected type of software. This allows you to easily determine which features and functions are required for your organization, as well as make software comparisons with vendors side-by-side in one easy-to-use document.