BUZZWORD CORNER – ERM SOFTWARE
Yet another new type of software and and another new TLA (three letter acronym) to contend with. This time it is the ERM system which, according to software developer Extensity Inc (01932 268720 – the UK office is in Weybridge) is shorthand for "employee relationship management" software.
So what can ERM do? Extensity describe ERM as "a new class of software that reduces operational costs by bringing efficiencies to a company's most valuable asset and largest expense: its workforce". The Extensity suite of ERM applications automates travel planning, expense reporting, project time capture and procurement to help firms streamline employee-based activities.
Extensity say a good example of ERM is its Expense Reports system which is currently being rolled out to 2000 users within the US law firm Holland & Knight. Using Extensity, Holland & Knight is moving from a manual paper-based expense reporting process to an automated one. The Holland & Knight deal was won by Elite which resells the Extensity products in the legal market. www.extensity.com
