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| index \\ Financial Packages \\ Microsoft Dynamics AX \\ Ideal Customer Profile | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
  Ideal Customer Profile | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dynamics AX Rating displays the level of support for functionality and services provided by Dynamics AX by Microsoft. | |
Average Competitor Rating displays the average level of support for functionality and services provided by all of the vendors within TEC's knowledge base. | |
Competitor with the Lowest Rating is a real product or service solution. It indicates the overall lowest level of support for functionality or services (based on TEC's model of Financial Packages solutions). | |
Competitor with the Highest Rating is a real product or service solution. It indicates the overall highest level of support for functionality or services (based on TEC's model of Financial Packages solutions). |
*To learn more about criteria rating definitions please consult the Financial Packages Rating Guide
| Module | Total Criteria | Dynamics AX by Microsoft | Lowest Rated Competitor for Financial Packages | Highest Rated Competitor for Financial Packages | |||||||||
| Criteria Summary | Module Rating | Criteria Summary | Module Rating | Criteria Summary | Module Rating | ||||||||
| Sup* | NS* | Oth* | Sup* | NS* | Oth* | Sup* | NS* | Oth* | |||||
| GENERAL LEDGER Includes:Parameters and Structuring; Chart of Accounts Structure; Ledger Development and Management; Enterprise Reporting Structure; Journal Entry and Reporting; Journal Vouchers; and other | 314 | 286 | 1 | 27 | 96.99 | 102 | 3 | 209 | 37.45 | 309 | 0 | 5 | 99.52 |
| ACCOUNTS PAYABLE (A/P) Includes:Policies and Procedures; Supplier Master Data; Invoice Process and Aging; Journal Invoice Process; A/P Ledger Posting; Control of Payments; and other | 235 | 217 | 9 | 9 | 96.68 | 0 | 0 | 235 | 0 | 228 | 0 | 7 | 99.02 |
| FIXED ASSETS Includes:Records for Fixed Assets; Asset Transactions; Depreciation of Assets; Depreciation Books; Tax Reports; | 89 | 78 | 2 | 9 | 94.94 | 0 | 0 | 89 | 0 | 89 | 0 | 0 | 100 |
| COST ACCOUNTING Includes:Cost Data; Cost Allocations; Cost Allocation Processing; Management of Costs; | 49 | 49 | 0 | 0 | 100 | 0 | 0 | 49 | 0 | 48 | 0 | 1 | 99.39 |
| CASH MANAGEMENT Includes:Up-to-date cash balance report; Projects cash resources from sales, A/R, field services, and miscellaneous cash; Projects cash utilization from purchasing, A/P, and miscellaneous cash; Checks committed funds against cash reserves or availability; Updates and maintains pay date schedule; Reports cash projections; and other | 16 | 15 | 0 | 1 | 98.12 | 0 | 0 | 16 | 0 | 16 | 0 | 0 | 100 |
| BUDGETING Includes:Budget Control; Budget Accounting; Budget Development; Budgets; Allocation of Budgets; | 65 | 59 | 2 | 4 | 96.31 | 0 | 0 | 65 | 0 | 65 | 0 | 0 | 100 |
| ACCOUNTS RECEIVABLE Includes:On-line Requirements; Processing Requirements; Data Requirements; Reporting Requirements; Interfacing Requirements; Credit and Collections Management; and other | 105 | 79 | 14 | 12 | 87.81 | 0 | 0 | 105 | 0 | 103 | 0 | 2 | 99.43 |
| FINANCIAL REPORTING Includes:Online Requirements; Miscellaneous; | 35 | 30 | 0 | 4 | 93.71 | 0 | 0 | 34 | 0 | 35 | 0 | 0 | 100 |
| PROJECT ACCOUNTING Includes:Project and Cost Coding Structure; Project Creation; Cost Coding Structure Creation or Maintenance; Transaction Processing; Line Item Data Capture; Reporting Format and Tools; and other | 51 | 51 | 0 | 0 | 100 | 0 | 0 | 51 | 0 | 51 | 0 | 0 | 100 |
| PRODUCT TECHNOLOGY Includes:Architecture; User Interface; Platforms; Application Tools; Workflow and Document Management; Reporting; and other | 325 | 258 | 3 | 64 | 82.14 | 31 | 3 | 291 | 10.09 | 274 | 18 | 32 | 88.28 |
General Ledger
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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 information.
*To learn more about criteria rating definitions please consult the Financial Packages Rating Guide
| Module | Total Criteria | Dynamics AX by Microsoft | Lowest Rated Competitor for Financial Packages | Highest Rated Competitor for Financial Packages | |||||||||
| Criteria Summary | Module Rating | Criteria Summary | Module Rating | Criteria Summary | Module Rating | ||||||||
| Sup* | NS* | Oth* | Sup* | NS* | Oth* | Sup* | NS* | Oth* | |||||
| PARAMETERS AND STRUCTURING Includes:Lean manufacturing accounting practices and methods (i.e., manufacturing overheads based on cycle time including labor); Fiscal calendar is defined by the user; Calendar periods are defined by the user; Calendar can be defined as uneven periods, adjustment periods, or to a maximum of 366 periods; Multiple calendars; Multi-entity financial reporting; and other | 44 | 36 | 1 | 7 | 93.86 | 17 | 2 | 25 | 44.55 | 41 | 0 | 3 | 97.95 |
| CHART OF ACCOUNTS STRUCTURE Includes:Account structures, such as the name and order for each part of the account may be defined online; Account numbers may contain upwards of thirty alphanumeric characters; Defaults to required number of alphanumeric characters rather than maximum allowable; Common chart of accounts; Common chart of accounts for both the ledgers and the sub-ledgers; Account numbers may be alphanumeric; and other | 48 | 44 | 0 | 4 | 96.04 | 26 | 0 | 22 | 57.92 | 47 | 0 | 1 | 99.38 |
| LEDGER DEVELOPMENT AND MANAGEMENT Includes:Manages disparate sets of books for each entity; Users may manage and update a set of books for each entity's ledger; Assigned books use ledger calendar and chart of accounts; A currency base and the reporting year may be determined and set for all books; Divides sub-ledger into smaller components for departments, cost centers, expense categories, projects, etc.; Sequential account numbers are not required in order to subtotal accounts; and other | 14 | 12 | 0 | 2 | 92.14 | 6 | 0 | 8 | 52.86 | 14 | 0 | 0 | 100 |
| ENTERPRISE REPORTING STRUCTURE Includes:Multiple level entity structures may be designed without hierarchy limitations; Maps accounts to business entities with different chart of accounts; Many-to-many relationships may be associated across sources and targets regardless of accounting treatment; Deploys formulae to create report structures; Multi-entity roll-up may be defined by structures for reporting geographic area and functional responsibility; Base reporting structures on multilevel departments; and other | 15 | 14 | 0 | 1 | 98 | 4 | 0 | 11 | 33.33 | 15 | 0 | 0 | 100 |
| JOURNAL ENTRY AND REPORTING Includes:Automatic A/P entries and maintenance by interfacing with another accounting system; Automatic inventory entries and maintenance interfacing with another accounting system; Automatic cash account entries and maintenance by interfacing with another accounting system; Interface with third party payroll provider for automatic entries and maintenance; Journal entries may be input directly; Real time journal entries update daily journal file and balances instantly; and other | 44 | 39 | 0 | 5 | 97.39 | 26 | 1 | 17 | 71.36 | 44 | 0 | 0 | 100 |
| JOURNAL VOUCHERS Includes:Online journal voucher input with verification of input; Interfaces with third party databases to import and export transactions; Designates a journal voucher suspense account for the G/L to correct entries; Transaction completion triggers batch report updates; Real time posting enables direct transaction posting and journal saves, provided that there are no errors; Debits and credits have separate columns in the journal voucher entry screen; and other | 41 | 40 | 0 | 1 | 99.51 | 12 | 0 | 29 | 33.17 | 41 | 0 | 0 | 100 |
| CONTROLS FOR LEDGERS Includes:Ten or eleven check digits may be set and managed per module; Identifies accounts that are inactive and inhibits or prohibits posts to those accounts; Suspense account creation to hold transactions with errors, to be processed and permanently classified at a later date; Suspense accounts classified by error code; Rules validate and ensure consistency of fields and accounts; Verifies account, sub account, and cost center combinations; and other | 7 | 7 | 0 | 0 | 100 | 3 | 0 | 4 | 45.71 | 6 | 0 | 1 | 95.71 |
| MULTICURRENCY CAPABILITIES Includes:Accommodates multiple currencies for transactions, accounting, and financial reporting; Manages and updates ledger in multiple currencies; Exchange rates defined automatically or manually; Converts currency automatically, based on the functional currency for a set of books; Converts currency at present exchange rate; Converts currency using spot rate; and other | 24 | 23 | 0 | 1 | 98.75 | 8 | 0 | 16 | 40 | 24 | 0 | 0 | 100 |
| ONLINE INQUIRY REPORTING Includes:Current period and balance activity; Account activity and balances for current year available online; Account balance for previous year available online; Amount designated for a planned project available online; Compares actual operation results to the planned budget, online; Compares current year to previous year or years; and other | 9 | 9 | 0 | 0 | 100 | 0 | 0 | 9 | 0 | 9 | 0 | 0 | 100 |
| REPORT WRITING CAPABILITIES Includes:Transaction and trial balance reports; Trial balance; Report for the profit and loss statement and balance sheet; Budget statement comparison including current state and journal details; Comparison on different types of income statements; Balance sheet comparison showing different periods' balances; and other | 65 | 61 | 0 | 4 | 98.15 | 0 | 0 | 65 | 0 | 65 | 0 | 0 | 100 |
| VARIABLE ANALYSIS Includes:Analyzes deviations and changes in volume, efficiency, and standard rates; User-specified deviances by percentage or amount; Compares variance, budget, forecast, and prior year in any combination; | 3 | 1 | 0 | 2 | 80 | 0 | 0 | 3 | 0 | 3 | 0 | 0 | 100 |
Accounts Payable (A/P)
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Accounts payable schedules bill payments to suppliers and distributors, and keeps accurate information about owed money, due dates, and available discounts. It provides functionality and integration to other areas such as customer service, purchasing, inventory, and manufacturing control. The software should support the following functionality: AP company policies and procedures; suppliers/voucher master data; payment controls; invoice processing and aging analysis; payment processing; journal voucher processing; AP ledger posting; check processing; AP transactions and controls; and AP reporting.
*To learn more about criteria rating definitions please consult the Financial Packages Rating Guide
| Module | Total Criteria | Dynamics AX by Microsoft | Lowest Rated Competitor for Financial Packages | Highest Rated Competitor for Financial Packages | |||||||||
| Criteria Summary | Module Rating | Criteria Summary | Module Rating | Criteria Summary | Module Rating | ||||||||
| Sup* | NS* | Oth* | Sup* | NS* | Oth* | Sup* | NS* | Oth* | |||||
| POLICIES AND PROCEDURES Includes:Multiple companies, divisions, and cost centers; Data associated with business units according to organizational hierarchy; Different business segment views for supplier and payables information; Company, division, or cost center accounts; Sets up A/R system with distinct processing cycles for each company or account code; Approved vendor list for all business entities; and other | 12 | 10 | 0 | 2 | 97.08 | 0 | 0 | 12 | 0 | 12 | 0 | 0 | 100 |
| SUPPLIER MASTER DATA Includes:Creates separate records for vendors not used on a regular basis; 1099 or W2 vendor designation (US tax forms); Postal code field (including US zip code format); Vendor name; Vendor number; Vendor type; and other | 34 | 32 | 0 | 2 | 96.47 | 0 | 0 | 34 | 0 | 34 | 0 | 0 | 100 |
| INVOICE PROCESS AND AGING Includes:Creates miscellaneous distribution lines to record charges and invoices for items that do not have POs; Validates vendor invoice numbers, with only valid invoices posted to the accounts payable ledger being scheduled for payment; Option to pay invoices immediately; An invoice that was entered in the system as a system check can be redesignated as a manual check; No new vendors added at invoice entry (security); A/P aging report on outstanding items; and other | 36 | 34 | 0 | 2 | 98.89 | 0 | 0 | 36 | 0 | 35 | 0 | 1 | 98.89 |
| JOURNAL INVOICE PROCESS Includes:Prepays vouchers or makes payment with manual checks; Online entry and processing of vouchers, with views for purchase order information, receiving document information, and credit memo information; Three-way matching for invoice, order, and receipt information (automatic and accommodates tolerances); Multiple vouchers for a receiver or creditor; Uses classification codes to group transactions; Multiple vendor sites can be used on a voucher, including different addresses for shipping and remitting; and other | 35 | 34 | 1 | 0 | 98.29 | 0 | 0 | 35 | 0 | 34 | 0 | 1 | 99.14 |
| A/P LEDGER POSTING Includes:Detail or summary G/L posting review; Account codes can be overridden or inputted; All transactions are posted daily to the A/P ledger and are automatically posted to the G/L; Reports to the G/L account the total value of all transactions that occurred in a specified period; G/L distribution report; Projects total inventory dollars during a user-specified period; and other | 7 | 7 | 0 | 0 | 100 | 0 | 0 | 7 | 0 | 7 | 0 | 0 | 100 |
| CONTROL OF PAYMENTS Includes:Verification to prevent a vendor with an open PO or unpaid invoice from being deleted; Verification to prevent a vendor active in current year from being deleted; Negative amount can be added to an invoice (negative invoice line) to indicate, for example, trade discounts; Places holds on all vendor invoices for a given vendor; Release payment at vendor level, invoice level, or line item; Supports selective payment by vendor type; and other | 6 | 6 | 0 | 0 | 100 | 0 | 0 | 6 | 0 | 6 | 0 | 0 | 100 |
| A/P TRANSACTIONS AND CONTROLS Includes:Online entry for all A/P transactions, including EDI entry; All A/P transactions updated in real time; Selected transactions on deferred batch; Checks online batch total or voucher balances; Validates vendor invoices to avoid duplication; Deletes inactive vendor after a user-defined period; and other | 7 | 5 | 2 | 0 | 82.86 | 0 | 0 | 7 | 0 | 7 | 0 | 0 | 100 |
| PROCESSING OF PAYMENTS Includes:Queries online accounts' voucher histories and analyses of payment histories, late payments, and cash discounts; All transactions pertaining to a particular vendor are assigned to a user-specified account; Users can specify complex payment discounts for a payment period by using term codes, such as "step down"; Cancels or suspends standard vendor terms; Assigns dates and standard number of days to credit or discount terms; Automatically calculates discounts based on vouchers and terms of credit; and other | 43 | 40 | 1 | 2 | 98.02 | 0 | 0 | 43 | 0 | 41 | 0 | 2 | 98.6 |
| PROCESSING OF CHECKS Includes:Funds can be drawn from more than one bank; Checks can be written from more than one bank; User-selected check formats include printed check and EFT formats; Suppliers can opt to receive a single check per invoice; Users can select criteria such as supplier number, voucher number, due date, and discount date, to determine check sequence; Check run can be recovered and initialized if there are printing problems; and other | 35 | 29 | 5 | 1 | 90.86 | 0 | 0 | 35 | 0 | 32 | 0 | 3 | 97.14 |
| REPORTING Includes:Reports on payment hold details, including who placed the hold and when; and when the payment is to be released; Employee expense reports include details on meals, transportation, lodging, etc.; Employee expense reports (month-to-day and year-to-date); Expense reports contain summarized lists divided by category; Creates report of expenses by cost center or division; Reports on open travel advances and associated data; and other | 20 | 20 | 0 | 0 | 100 | 0 | 0 | 20 | 0 | 20 | 0 | 0 | 100 |
Fixed Assets
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Fixed assets manages depreciation and other costs associated with tangible assets such as buildings, property and equipment. The software should support the following functionality: fixed assets records; asset transactions; asset depreciation; depreciation books; revaluation and interest calculation; and tax reporting.
*To learn more about criteria rating definitions please consult the Financial Packages Rating Guide
| Module | Total Criteria | Dynamics AX by Microsoft | Lowest Rated Competitor for Financial Packages | Highest Rated Competitor for Financial Packages | |||||||||
| Criteria Summary | Module Rating | Criteria Summary | Module Rating | Criteria Summary | Module Rating | ||||||||
| Sup* | NS* | Oth* | Sup* | NS* | Oth* | Sup* | NS* | Oth* | |||||
| RECORDS FOR FIXED ASSETS Includes:Tracks assets by company; Tracks asset numbers and types; Descriptions of assets; Tracks asset tag and serial numbers; Assets may be tracked by parent/child relationships; Tracks asset locations; and other | 27 | 25 | 0 | 2 | 96.3 | 0 | 0 | 27 | 0 | 27 | 0 | 0 | 100 |
| ASSET TRANSACTIONS Includes:Online views of fixed assets and transaction records; Online asset tracking; Records details on leased property; Current cost; Generates reports using historical, constant, and current dollar value; Generates reports on all leased assets, their details, and payments information; and other | 17 | 13 | 0 | 4 | 92.94 | 0 | 0 | 17 | 0 | 17 | 0 | 0 | 100 |
| DEPRECIATION OF ASSETS Includes:Flexible asset depreciation calendars; Depreciation may be calculated year-to-date or period-by-period; User defined depreciation rates can be rules-based; User-defined prorate conventions and retirement conventions; Standard and user-defined depreciation calculations; Straight-line, declining balance, sum of year's digits, units of production, and flat rate depreciation methods; and other | 16 | 14 | 2 | 0 | 92.5 | 0 | 0 | 16 | 0 | 16 | 0 | 0 | 100 |
| DEPRECIATION BOOKS Includes:Conducts asset transactions and reconciliations among multiple companies and divisions; Flexible parameters for depreciation books; Any number of assets can be listed in depreciation books; Any number of fiscal periods or calendars can be listed in depreciation books; Reports transfers between company and divisions in individual reports and consolidated reports; Enters and tracks expensed items for property control; and other | 11 | 10 | 0 | 1 | 97.27 | 0 | 0 | 11 | 0 | 11 | 0 | 0 | 100 |
| TAX REPORTS Includes:Adds assets and copies transactions to tax depreciation books; Associates tax data with individual assets; Tax depreciation reserve for current and past fiscal years maintained with depreciation expense changes; Default depreciation rules based on initial service date for asset; Examine depreciation costs and expense ceilings; Calculates the gain and loss of a disposed asset for book and tax purposes; and other | 18 | 16 | 0 | 2 | 95.56 | 0 | 0 | 18 | 0 | 18 | 0 | 0 | 100 |
Cost Accounting
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Cost accounting analyzes corporate costs related to overhead, products, and manufacturing orders. It provides a variety of costing approaches such as standard, FIFO, LIFO, average, target, and activity-based costing (ABC). The software should support the following functionality: cost data; cost allocation definitions; cost allocation process; cost management; cost and sales price calculation; activity based costing (ABC); and activity based cost tracing and tracking.
*To learn more about criteria rating definitions please consult the Financial Packages Rating Guide
| Module | Total Criteria | Dynamics AX by Microsoft | Lowest Rated Competitor for Financial Packages | Highest Rated Competitor for Financial Packages | |||||||||
| Criteria Summary | Module Rating | Criteria Summary | Module Rating | Criteria Summary | Module Rating | ||||||||
| Sup* | NS* | Oth* | Sup* | NS* | Oth* | Sup* | NS* | Oth* | |||||
| COST DATA Includes:Maintains multiple calculation codes for various algorithms used in calculating different cost data.; Overhead rates; Uses parameters to determine whether a work center rate or task rate will be used in the calculation of operation rates; Surcharges can be applied as fixed amounts over the nominal cost, percent of total cost, etc; | 4 | 4 | 0 | 0 | 100 | 0 | 0 | 4 | 0 | 4 | 0 | 0 | 100 |
| COST ALLOCATIONS Includes:Attributes cost pool dimension codes for the source and target of the allocation; Groups dimension codes into cost pools by dimension type; Assigns user-defined allocation codes to activities that generate cost; Uses allocation codes to post results to G/L; Uses allocation codes to group accounts into cost categories; User-defined budget allocation codes; and other | 14 | 14 | 0 | 0 | 100 | 0 | 0 | 14 | 0 | 14 | 0 | 0 | 100 |
| COST ALLOCATION PROCESSING Includes:Allocates actual or budgeted costs to appropriate ledgers; Allocates to expense, revenue, asset, asset reduction, liability, capital, and capital reduction accounts; Allocations to organizational segments determined by function, profits, etc.; Flexible ledger costing categories; Allocates cost by multiplier, quantity, or amount; Cost allocations driven by formulas using unlimited, statistical, fixed amount, and period-to-date factors, as well as unlimited nesting; and other | 26 | 26 | 0 | 0 | 100 | 0 | 0 | 26 | 0 | 25 | 0 | 1 | 98.85 |
| MANAGEMENT OF COSTS Includes:Costs managed using both standard and average costing; Maintains or updates the current or average cost of an item or service; Plans production costs based on demand and forecasting; Assigns user-defined number of cost elements for each cost category; Vertically summarizes cost elements throughout product structures; | 5 | 5 | 0 | 0 | 100 | 0 | 0 | 5 | 0 | 5 | 0 | 0 | 100 |
Cash Management
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Cash management involves the capability of the system to record cash charges or deposits, recording of cash payments and receipts, cash projection reporting, calculation of expected cash uses/sources, current cash availability, etc. It monitors and analyzes cash holdings, financial deals, and investment risks.
*To learn more about criteria rating definitions please consult the Financial Packages Rating Guide
| Module | Total Criteria | Dynamics AX by Microsoft | Lowest Rated Competitor for Financial Packages | Highest Rated Competitor for Financial Packages | |||||||||
| Criteria Summary | Module Rating | Criteria Summary | Module Rating | Criteria Summary | Module Rating | ||||||||
| Sup* | NS* | Oth* | Sup* | NS* | Oth* | Sup* | NS* | Oth* | |||||
| UP-TO-DATE CASH BALANCE REPORT | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| PROJECTS CASH RESOURCES FROM SALES, A/R, FIELD SERVICES, AND MISCELLANEOUS CASH | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| PROJECTS CASH UTILIZATION FROM PURCHASING, A/P, AND MISCELLANEOUS CASH | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| CHECKS COMMITTED FUNDS AGAINST CASH RESERVES OR AVAILABILITY | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| UPDATES AND MAINTAINS PAY DATE SCHEDULE | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| REPORTS CASH PROJECTIONS | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| ENTITY, BANK, EXPECTED DATE, TERMS, AND CUSTOMER PAYMENT HISTORY ARE USED TO CREATE CASH PROJECTIONS | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| CASH PROJECTS BY CURRENCY | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| VIEWS OF INFLOWS AND OUTFLOWS FROM CASH BOOK BANK, YEAR, OR STATEMENT | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| RECORDS CASH PAYMENTS AND RECEIPTS VIA ELECTRONIC BANKING FUNCTIONS | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| NOTIFIES AND REPORTS ON STATEMENT DISCREPANCIES | 1 | 0 | 0 | 1 | 70 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| "MISCELLANEOUS" CATEGORY FOR CHARGES AND DEPOSITS | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| PROCESSES CANCELLED A/P CHECKS | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| RECORDS JOURNAL ENTRIES TO THE G/L CASH ACCOUNTS | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| PRINTS ACCOUNT STATEMENTS | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
| AUTOMATICALLY RECORDS BANK CASH RECEIPTS | 1 | 1 | 0 | 0 | 100 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 100 |
Budgeting
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Budgeting involves budgetary controls, budget accounting, budget development, and budget allocation. The software should provide sufficient tools to enable detailed budget development and analysis. Additional functionality should be available to integrate with project management software applications either natively or with external interfaces.
*To learn more about criteria rating definitions please consult the Financial Packages Rating Guide
| Module | Total Criteria | Dynamics AX by Microsoft | Lowest Rated Competitor for Financial Packages | Highest Rated Competitor for Financial Packages | |||||||||
| Criteria Summary | Module Rating | Criteria Summary | Module Rating | Criteria Summary | Module Rating | ||||||||
| Sup* | NS* | Oth* | Sup* | NS* | Oth* | Sup* | NS* | Oth* | |||||
| BUDGET CONTROL Includes:Budget control logic can be defined at any area of the account structure or for any number of levels; Budget control logic defined by document source or type, or by user; Budget tolerances and budget and field overrides can be defined by user; User-defined period intervals; | 4 | 1 | 0 | 3 | 77.5 | 0 | 0 | 4 | 0 | 4 | 0 | 0 | 100 |
| BUDGET ACCOUNTING Includes:Establishes mandatory budgets for selected balance sheets, accounts, and profit and loss accounts; Income, expense, liability, assets, and equity accounts can be used in the budgeting process; Multiple budgets can be created from a single account to create what-if scenarios and for forecasting; Annual, quarterly, monthly, or customized budget periods; Creates financial statements in conjunction with budgets; Pro rata distribution of annual budgets over different periods, including quarterly, monthly, or other, customized periods; and other | 7 | 7 | 0 | 0 | 100 | 0 | 0 | 7 | 0 | 7 | 0 | 0 | 100 |
| BUDGET DEVELOPMENT Includes:Worksheet tools for developing budgets; Integrated budget tools; Generates budget using historical budget and actual budget; Generates a new budget by using data from historical budgets, and changes in historical actuals and percentages; Budget report summaries for executive or management review; Uses historical budgets and actuals to create reports predicting trends; and other | 10 | 10 | 0 | 0 | 100 | 0 | 0 | 10 | 0 | 10 | 0 | 0 | 100 |
| BUDGETS Includes:Multiple budgets for current and previous years; Many versions of the budget can be created for the current year; Stores multiple budgets of prior year; Online reports of budgets to actual; Compares budget versus actual dollar activity; Budget versus forecast comparison; and other | 41 | 38 | 2 | 1 | 96.34 | 0 | 0 | 41 | 0 | 41 | 0 | 0 | 100 |
| ALLOCATION OF BUDGETS Includes:Defines budget level financial allocations; Upper-level budgets are distributed among appropriate division-level or detail budgets, by accounting groups, organization units or departments, product lines, or projects.; Budgets are proportionally distributed to other accounts or groups; | 3 | 3 | 0 | 0 | 100 | 0 | 0 | 3 | 0 | 3 | 0 | 0 | 100 |
Accounts Receivable
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Accounts receivable tracks payments due to a company from its customers. It contains tools to control and expedite the receipt of money from the entry of a sales order to posting payments received. The software should support the following functionality: AR company policies and procedures; customers/voucher master data; bill processing and aging analysis; credit management; cash/payment application, receipt processing; journal voucher processing; AR ledger posting; multicurrency accounting and conversions; AR transactions and controls; and AR reporting.
*To learn more about criteria rating definitions please consult the Financial Packages Rating Guide
| Module | Total Criteria | Dynamics AX by Microsoft | Lowest Rated Competitor for Financial Packages | Highest Rated Competitor for Financial Packages | |||||||||
| Criteria Summary | Module Rating | Criteria Summary | Module Rating | Criteria Summary | Module Rating | ||||||||
| Sup* | NS* | Oth* | Sup* | NS* | Oth* | Sup* | NS* | Oth* | |||||
| ON-LINE REQUIREMENTS Includes:Accepts manual entry of invoices, cash receipts and adjustments with G/L accounts and effective dates; Accepts debit memo and credit memo transactions as adjustments to the customer accounts; Identifies each transaction via reference number (such as batch number and line number) that is sequentially generated by the system; Invoice, cash receipt, or adjustment transactions may be entered in batches; Reject or suspend batches not balancing on either item or dollar totals; Invoice, cash receipt, or adjustment transactions may be directly entered, bypassing batch entry requirements; and other | 7 | 7 | 0 | 0 | 100 | 0 | 0 | 7 | 0 | 7 | 0 | 0 | 100 |
| PROCESSING REQUIREMENTS Includes:Allow either open item or balance forward processing of receivables; Compute late charges for customers not paying within a defined time period; Provide a purge process that moves accounts receivable master file records to a history file; Consolidate multiple-location customer billings into a single open item, due from one paying location; Inter-company receivables are processed and accounted for; For reporting purposes accept cash sales as a specially coded receivable and cash receipt; and other | 14 | 11 | 2 | 1 | 85.71 | 0 | 0 | 14 | 0 | 14 | 0 | 0 | 100 |
| DATA REQUIREMENTS Includes:Provide automated numbering of customers with user-defined sorting and sequencing capabilities; Maintain a customer table with name data; Maintain a customer table with multiple addresses for sold-to, ship-to, and bill-to; Maintain a customer table with multiple contacts, including name, location, title, phone, and fax data; Maintain a customer table with payment terms; Maintain a customer table with active or inactive status data; and other | 19 | 19 | 0 | 0 | 100 | 0 | 0 | 19 | 0 | 18 | 0 | 1 | 98.42 |
| REPORTING REQUIREMENTS Includes:Upon request, print a batch listing, showing every item in a particular batch; Produces an A/R journal that lists all activity posted to the A/R master file, and sorts report line items by either batch and line number or customer number; Ages the receivables according to user-definable time buckets; Ages receivables either according to invoice date or according to due date; A/R aging report shows a line item for each invoice posted to the A/R master file; Creates A/R aging reports with one line item per customer; and other | 17 | 17 | 0 | 0 | 100 | 0 | 0 | 17 | 0 | 17 | 0 | 0 | 100 |
| INTERFACING REQUIREMENTS Includes:Receive invoices and debit or credit memo transactions from the invoicing system; Automatically prepare general ledger journal entries by business unit, for cash receipts; Automatically prepare general ledger journal entries by sales, inventory, and cost of goods sold activity that occurs in the invoicing system; Automatically prepare general ledger journal entries by all discounts and deductions recognized through the cash receipts process; Automatically prepare general ledger journal entries by allowance for un-collectible accounts; Automatically prepare general ledger journal entries by write-offs; and other | 17 | 8 | 8 | 1 | 67.06 | 0 | 0 | 17 | 0 | 17 | 0 | 0 | 100 |
| CREDIT AND COLLECTIONS MANAGEMENT Includes:Provide a customer credit information screen allowing on-line entry and maintenance of narrative text; Provide a customer credit information screen allowing on-line entry and maintenance of account credit limit (enforced by the order entry system); Credit limits per order can be input and maintained in the customer credit information screen; Online entry and maintenance of key ratios can be done in a customer credit information screen; Historical and statistical information about customer accounts are displayed on an online account performance inquiry screen; Customer information is displayed on a collections call history screen; and other | 31 | 17 | 4 | 10 | 83.23 | 0 | 0 | 31 | 0 | 30 | 0 | 1 | 99.03 |
Financial Reporting
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Financial reporting enables robust analysis of company performance through delivered reports. These reports will allow individual business units to view their financial information, while parent companies can roll up all business subsidiaries and view the consolidated information. Additionally, solutions should provide user generated reporting tools that are easy to use and provide sufficient depth of and access to the financial data to permit comprehensive analysis.
*To learn more about criteria rating definitions please consult the Financial Packages Rating Guide
| Module | Total Criteria | Dynamics AX by Microsoft | Lowest Rated Competitor for Financial Packages | Highest Rated Competitor for Financial Packages | |||||||||
| Criteria Summary | Module Rating | Criteria Summary | Module Rating | Criteria Summary | Module Rating | ||||||||
| Sup* | NS* | Oth* | Sup* | NS* | Oth* | Sup* | NS* | Oth* | |||||
| ONLINE REQUIREMENTS Includes:Specifies report rows as a set of accounts defined by an account range; Specifies report rows as a set of accounts defined by a list of account numbers; Specifies report rows as a set of accounts defined by a mask on the account number; Specifies report rows as a set of accounts defined by a department (summary or detail) in a financial report structure; Specifies report rows as a set of accounts defined by account balances that meet specified conditions; Creates report rows using a separate file of row specifications that links particular accounts to individual rows; and other | 22 | 20 | 0 | 2 | 97.27 | 0 | 0 | 22 | 0 | 22 | 0 | 0 | 100 |
| MISCELLANEOUS Includes:Schedule the execution of any custom financial reports so that they can be run at any time or any day of the week; Control break can be defined on any component of a qualified account number, such as by department; Provide control break logic that prints totals being accumulated since the previous control break; Provide control break logic that prints a blank line, or set of underlines, before or after printing a total; Provide control break logic that prints the next control value only once to start the next control group; Provide control break logic that prints user-defined headers for each control break; and other | 13 | 10 | 0 | 2 | 87.69 | 0 | 0 | 12 | 0 | 13 | 0 | 0 | 100 |
Project Accounting
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Project accounting uses financial practices to monitor the schedules and spending of projects.
*To learn more about criteria rating definitions please consult the Financial Packages Rating Guide
| Module | Total Criteria | Dynamics AX by Microsoft | Lowest Rated Competitor for Financial Packages | Highest Rated Competitor for Financial Packages | |||||||||
| Criteria Summary | Module Rating | Criteria Summary | Module Rating | Criteria Summary | Module Rating | ||||||||
| Sup* | NS* | Oth* | Sup* | NS* | Oth* | Sup* | NS* | Oth* | |||||
| PROJECT AND COST CODING STRUCTURE Includes:Provide for user definition of project or cost code segments; Permit user definition of the sizes of each segment; User-defined number of actual, commitment, budget, and statistical accounts for each level of the account structure; Defines summary accounts in a multilevel hierarchy, including features associated with posting accounts; Use the project and cost coding structures for selection required in reporting; Uses date sensitivity in a structure, such as particular roll-up of tasks, which will take effect within a certain period of time; and other | 11 | 11 | 0 | 0 | 100 | 0 | 0 | 11 | 0 | 11 | 0 | 0 | 100 |
| PROJECT CREATION Includes:A project can be created from a default table containing different project templates, which in turn contain definitions and separate coding structures; An existing project structure may be duplicated with no data being transferred; A new project type may be created by creating a new task sequence and assigning a cost code structure; Support for multiyear projects; Permits multiple phase project definitions; Tracks a contract change order from identification, where it is reported as pending; to formal approval, when it is included in the contract and automatically transferred to commitment; and other | 6 | 6 | 0 | 0 | 100 | 0 | 0 | 6 | 0 | 6 | 0 | 0 | 100 |
| COST CODING STRUCTURE CREATION OR MAINTENANCE Includes:Cost codes may be added to the structure without affecting existing projects; Cost codes to general ledger account conversion is maintained in an online table; A cost code may not be deleted if there are any values for that code in existing projects; When deleting a cost code the system either automatically deletes all references to the code from other parts of the system, or disallows the deletion; Retains statistical accounts in a manner that allows the statistical amount to be defined as either a balance forward account or as a balance only account; Uses the same accounting calendars as the general ledger; and other | 6 | 6 | 0 | 0 | 100 | 0 | 0 | 6 | 0 | 6 | 0 | 0 | 100 |
| TRANSACTION PROCESSING Includes:Distribution to unlimited project and cost codes accounts; A running total shows the total debits and credits as they are being entered; Posting of financial transactions to open periods; Posting of budget, commitment, or statistical data to any open or future period; Automatic creation of general ledger transactions with appropriate debit or credit offsets; An accounting date or effective date, indicating which cost ledger accounting period is to be posted; and other | 10 | 10 | 0 | 0 | 100 | 0 | 0 | 10 | 0 | 10 | 0 | 0 | 100 |
| LINE ITEM DATA CAPTURE Includes:A transaction description field of at least sixty characters in the summary or header; Transaction number, transaction type, and general reference fields by line; A line item description initially taken from the sixty character description field in the journal header and optionally overridden by operator; A source or subsidiary accounting system reference field; | 4 | 4 | 0 | 0 | 100 | 0 | 0 | 4 | 0 | 4 | 0 | 0 | 100 |
| REPORTING FORMAT AND TOOLS Includes:Original budget; Authorized funds; Prior budget; Current budget; Commitments; Pending commitments (change orders in process); and other | 14 | 14 | 0 | 0 | 100 | 0 | 0 | 14 | 0 | 14 | 0 | 0 | 100 |
Product Technology
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This category defines the technical architecture of the product, and the technological environment in which the product can successfully run. Criteria include product and application architecture, software usability and administration, platform and database support, application standards support, communications and protocol support and integration capabilities. Relative to the other evaluation criteria, best practice selections place a lower relative importance, on the product technology category. However, this apparently lower importance is deceptive, because the product technology category usually houses the majority of the selecting organization's mandatory criteria, which usually include server, client, protocol, and database support, application scalability and other architectural capabilities. The definition of mandatory criteria within this set often allows the client to quickly narrow the long list of potential vendors to a short list of applicable solutions that pass muster relative to the most basic mandatory selection criteria. During the process of product selection a great deal of attention is given to the functional capabilities of the software being evaluated. While this aspect is obviously important, ignoring the technical mechanisms by which the software actually operates can be fatal to a project.
*To learn more about criteria rating definitions please consult the Financial Packages Rating Guide
| Module | Total Criteria | Dynamics AX by Microsoft | Lowest Rated Competitor for Financial Packages | Highest Rated Competitor for Financial Packages | |||||||||
| Criteria Summary | Module Rating | Criteria Summary | Module Rating | Criteria Summary | Module Rating | ||||||||
| Sup* | NS* | Oth* | Sup* | NS* | Oth* | Sup* | NS* | Oth* | |||||
| ARCHITECTURE Includes:Data Integration Technologies; Messaging Protocols; Device Interfaces; Architectural Foundation; Web Enablement; Organizational Structure; and other | 256 | ||||||||||||
