Gartner defines business processes as the coordination of the behavior of people, systems and things to produce specific business outcomes. "Things" in this context refers to devices that are part of the Internet of Things (IoT). A BPM platform minimally includes: a graphical business process and/or rule modeling capability, a process registry/repository to handle the modeling metadata, a process execution engine and a state management engine or rule engine (or both). The three types of BPM platforms — basic BPM platforms, business process management suites (BPMSs), and intelligent business process management suites (iBPMSs) — can help solution architects and business outcome owners accelerate application development, transform business processes, and digitalize business processes to exploit business moments by providing capabilities that manage different aspects of the business process life cycle.
Gartner defines a product-centric cloud ERP suite as a set of loosely coupled products comprising: Operational ERP — supply chain and manufacturing-related functionality such as demand management, order management, material requirements planning (MRP), inventory management, supply chain/direct procurement, manufacturing control capabilities, and distribution/logistics. Financial management functionality (those vendors that provide only financial management as a suite are rated in a separate Magic Quadrant). Purchasing focused on indirect goods, services and capital equipment. HCM — for cost management as well as staffing for operational resources. Specialized, industry-specific modules or applications including, but not limited to, modules such as configure-to-order (CTO) or make-to-order (MTO), and field service management (FSM), or broader application solutions like enterprise asset management (EAM) and product life cycle management (PLM).
Core financial management applications provide visibility into an enterprise's financial position through automation and process support for any activity that has a financial impact. They include the core functional areas of general ledger (GL), accounts payable, accounts receivable (AR), fixed assets (FA) and project accounting. Our definition also includes basic purchasing functionality (from requisition to purchase order processing) but not strategic sourcing or e-procurement. Core financial management applications are sold as an integrated suite and also provide financial reporting as needed by local and international regulations.
Reviews for 'ERP and Corporate Management - Others'
Human Capital Management (HCM) Suites encompass functionality to help organizations attract, develop, engage, retain and manage their workers. HCM encompasses the following HR functions: Administrative HR includes organizational and employee data, transactional employee and manager self-service, benefits, and payroll administration. Talent management applications are composed of recruiting, onboarding, performance and engagement management, compensation planning, career and succession planning, learning and development, and workforce planning. Workforce management includes absence management, time and attendance management, task management, budgeting and forecasting, and scheduling, and is usually deployed to manage hourly paid workers. HR service delivery includes direct access to policy and procedure guidance for employees and managers. It may also include case management, knowledge base and digital document management.