Enterprise Asset Management (EAM) Software Glossary: Key Terms & Concepts

Your firm will be able to hold funds in multiple currencies if you have a multi-currency bank account. When conducting a business across borders, having a multi-currency account can help y...read more

The process of procuring, maintaining, utilizing, and distributing a company's inventory is referred to as inventory management. This comprises the storage and processing of raw materials,...read more

Financial management is a process of planning, organizing, regulating, and monitoring financial resources to meet the goals and objectives. It is ideal for controlling an organization's ec...read more

A system or process for capturing, tracking and storing electronic documents such as PDFs, word processing files, and digital photographs of paper-based content is known as document manage...read more

The technique of managing a task throughout its life cycle is known as task management. Planning, testing, tracking, and reporting are all part of the process. Persons can use task manager...read more

The process of pre-planning, scheduling, and distributing your resources to maximum efficiency is known as resource management. A resource is anything that is required to complete a task o...read more

Storing a document, usually, a digital document, in a document management system is known as document storage (DMS). We now employ electronic storage instead of filing cabinets. It conserv...read more

A real-time email marketing dashboard displays metrics. This allows individuals to track the effectiveness of an email marketing initiatives, as well as provide insight into what they can ...read more

Workflow is a collection of tasks that work together to process a batch of data. A workflow encompasses everything from creating assets to integrating them into a digital solution, submitt...read more

An audit trail is a step-by-step sequential record that offers evidence of a financial transaction's documented history back to its source. With the use of the audit trail, an auditor can ...read more

The term "integrated accounting system" refers to a single accounting system in which cost and financial accounts are kept in the same set of double-entry books. This type of solution give...read more

Third-party integration refers to the addition of relevant external data to an existing project via various APIs. Because of third-party APIs, developers can create a new solution in a sho...read more

Receipt management is the process of organizing, filing, and benefitting from receipts that are kept correct and complete. The administration of receipts is an important part of general ac...read more

Facilities management is concerned with the management and upkeep of various operations that ensure the safety, productivity, and efficiency of a building's occupants. Facilities managemen...read more

Managers plan, coordinate, regulate, and lead operations that assure compliance with laws and standards through compliance management. It is the process of continuously monitoring and eval...read more