Last updated June 5th 2024

Top 20 Enterprise Resource Planning (ERP) Requirement Checklist in 2025

Automate and optimize core business processes for efficiency and data-driven decisions.

This requirements table for Enterprise Resource Planning (ERP) products clearly outlines the key features and functionalities considered when evaluating vendors. We include Integration, Compliance, Project Management, Finance and Accounting, HR Management, Inventory Management, Implementation, Scalability and Security.

Other important considerations may include the level of technical support offered, the availability of detailed documentation and developer resources, and pricing and licensing options. Customize these requirements in Taloflow and get expert ratings for 15 different vendors against all of the features in the table below, including None.

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Requirement Description Features
Must ensure data consistency and accuracy Employs advanced techniques to maintain data consistency and accuracy across all systems.
  • Master Data Management
Must have automated order management and inventory forecasting capabilities Automates order processing and inventory forecasting for efficient supply chain management.
  • Automated Order Management
  • Inventory Forecasting
Must have compliance with data security and privacy regulations Adheres to industry standards for data security and privacy, safeguarding sensitive information.
  • CCPA
  • FFIEC
  • FISMA
  • FedRAMP
  • GDPR
  • HITRUST
  • IRAP
  • MTCS
  • PCI
  • PSD2
  • SOC 2 TYPE 2
Must have comprehensive financial management capabilities Offers a full suite of financial management tools for budgeting, forecasting, and reporting.
  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Budget Planning and Control
  • Cost Accounting
  • Exchange Rate Integration
  • Financial Reporting
  • General Ledger
  • In-Built Audit Workbench
  • Invoice Processing
Must have comprehensive workflow management system Facilitates the design and implementation of efficient workflows with a complete management system.
  • Workflow Management
Must have customizable and flexible deployment options Offers a range of deployment options to suit various business needs, allowing for customization.
  • Cloud Deployment
  • Hybrid Deployment
  • On-Premises Deployment
Must have integrated human resources and payroll management Combines HR and payroll management features for streamlined operations and increased efficiency.
Must have inventory management and control features Enables efficient tracking and control of inventory levels, reducing waste and optimizing stock.
  • Bill of Material Management
  • Cycle Counting
  • Inventory Alerting
  • Inventory Barcoding
  • Inventory Control
  • Inventory Reporting
  • Item Grouping and Bundling
  • Multi-Warehouse Management
Must have project management and resource allocation features Streamlines project management with tools for organizing tasks, allocating resources, and tracking progress.
  • Gantt Chart Availability
  • Portfolio Dashboard
  • Work Breakdown
  • Workflow Rules
Must have real-time reporting and analytics Provides instant access to key data and insights through real-time reporting and analytics tools.
  • Project Templates
  • Real-Time Collaborations
  • Revenue Recognition and Analysis
  • Time and Expense Tracking
Must have robust data protection features Provides advanced data protection measures, including encryption and backup, to prevent data loss.
  • Behavioural Monitoring
  • Data Encryption
  • Data Masking
  • IP Restrictions
  • Identity Management
  • Key Management
  • Row Level Security
  • Secure Socket Layer (SSL) / Transport Layer Security (TLS)
Must have scalable and reliable infrastructure Boasts a dependable infrastructure that easily scales to accommodate business growth and demand.
  • Auto Scaling
  • Automated Failover
  • Clustering
  • Disaster Recovery
  • Fault Tolerance
  • High Availability
  • Load Balancing
Must have seamless integration with existing HR and payroll tools Ensures smooth transition and workflow by integrating effortlessly with existing HR and payroll tools.
  • Applicant Screening
  • Applicant Tracking
  • Candidate Evaluation
  • Employee Lifecycle Management
  • Employee Master Data
  • Operational Expenditure Management
Must have secure and flexible API and integration options Provides secure, adaptable API and integration options for seamless connectivity with other systems.
  • Event-Based Integration
  • Rest API Integration
  • SOAP Webservice Integration
Must have strong authentication and access control mechanisms Implements robust authentication and access control systems to protect user accounts and data.
  • Multi-factor Authentication
  • Role-based Access Control
  • Single Sign-On
  • Token-based Authentication
Must have support for e-commerce platform integrations Facilitates seamless integration with popular e-commerce platforms to streamline online sales.
  • BigCommerce
  • Magento
  • SAP Hybris
  • Shopify
Must have support for third-party CRM tools Integrates with leading CRM tools for advanced customer lifecycle management.
  • Dynamics 365 Sales
  • Hubspot CRM
  • Oracle Sales Cloud
  • Salesforce Sales Cloud
  • Sugar Sell
Must have support for third-party HCM tools Integrates with leading HCM tools for advanced people management.
Must have support for third-party business intelligence tools Integrates with leading business intelligence tools for enhanced data analysis and decision-making.
  • Domo
  • Looker
  • Oracle BI
  • Power BI
  • Tableau
Must have version control and automated testing features Offers built-in version control and automated testing tools to improve software development processes.
  • Automated Testing
  • Version Control
Evaluating solutions?
Work with Taloflow's technology selection platform containing tens of thousands of up-to-date vendor data points in dozens of categories to:
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Filter solutions based on your priorities
Evaluate vendors for your exact use case
Get my free report
takes 5 minutes

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