Discuss About The Planning Adoption Small Family Businesses?
An accounting information system is mainly a structure that is based on a business point of view which is mainly used to collect, manage, store, process and report financial data. This is mainly done by the consultants, accountants and the business analytics and tax agencies. An AIS implementation helps different departments within an organisation to work together towards a common goal of the business (Stannard et al. 2016). With a well-designed concept of the accounting information software everyone who is within the organisation structure can get the access to the same system with related to it the same information. An AIS can also help in simplifying the concept of getting any sort of information to the people outside the framework of the organisation (Abu-Dbai et al. 2016).
The main aim of the report is to put emphasis on an accounting information system (AIS) software for a local garment wholesale company. Puttying into emphasis the implementation part related to the software, its monitoring aspect and the review plans liable to be operational in the case.
The accounting information process is mainly a formal process of collecting the data and the processing of the data into the information and distributing that information to the users. The main purpose of an accounting information system is to collect, store and process the accounting information and processes related to the financial and produce information report that managers or other parties have interest in order to make business decision. The function od accounting information system are:
The first function that can be refer to the AIS is the efficiency and the affective collection and storing of data concerned with the organizations financial activity, including the transaction data from the source documents, posting of data from the ledger to the journals
The second function that can be taken into account is to supply the information in order to make decision, including managerial reports and statements related to the financial.
The third and the most important function is to make sure that the control are in place to accurately record and process the overall data which is involved in the process.
The Enterprise resource planning system adaptation has marked a large impact on the evolution with the concept of the accounting information system. Modern accounting information system have the great potential of influencing the performance with regards to the business orientation point of view (Thakur 2016). The Acumatica cloud ERP can be considered as the only secure, browser and cloud based mid-size and small size business ERP solution that can be adopted in the stated case study related to the local garment whole company (Stannard et al. 2016).
The Acumatica there are mainly three types of projects that could be implemented:
The monitoring aspect in the case can be directly be related to tracking, report progress and reviewing the aspect of the projects (Altamony et al. 2016). This is mainly done in order to meet the performance level objectives which are defined in the ERP project management methodology. Regularly accessing the project in the field of scope, timeline, benchmark goals and budget would directly ensure that there are no surprises amidst the total implementation phase (Stannard et al. 2016). Well planned projects sometimes need time to time changes which can be incorporated due to mainly factors. Therefore, it can be stated that following processes are very much essential. In order to verifying the scope, it mainly includes monitoring the status of the project and managing the scope with its baseline (Kurbel 2016). With the phase it also requires a re-visiting aspect to the other processes which are involved in the group mainly to ensure that all the objectives are meet according to the requirement. if the other case happens that the requirement is not meet refection of the changes should be made according because the case of the approach continuing towards the competition would be directly effected in such a scenario (Altamony et al. 2016). Another important aspect which can be related to the monitoring is the cost related issue. There can be many factors which affect the issue of the cost throughout the time light with regards to the project. There should be monitoring done on the aspect of any changes that directly encounter the monitory aspect or changes in the overall budget of the project. In order to take the measures communication should be very much clear and accurate (Brewster et al. 2016).
The ERP system’s main success rate rests on the data integration of the data (Kurbel 2016). The main concept behind the implementation of the ERP is that it eliminates the main need for the individual data store, coordination of disparate data systems and need for duplicate data (Hong et al. 2016). The review plan that can be directly be implemented from the prospective of the plan can include:
The review plan actually involves judging the overall working of the system in order to reach the desired result which is expected from the implementation of the process. the direct implementation into the process wit7h the concern of the organisation any sometimes be a challenging part due to the different estimation factor which are involved in the process. but ones the overall concept of the technology is taken into account the advantages that can be received from the concept can be very much beneficial from the point of view of the customer (Lasisi, Owens, and Udagedara 2017).
Conclusion
It can be concluded form the report that there are many advantages that can be achieved with the implementation for the technique of the ERP. On the other hand, many large organisation find the enterprise wide ERP suites not always carter to the main demand of the business. In order to satisfy the requirement of the department and the subsidiaries the organisation just need to turn to the mid- market ERP vendors that have products within a niche industry being the main focus. This mainly results to a 2 tier ERP, but it should be considered that there are needs of integration between the products and the enterprise wide system. The reluctance in order to standardise on a single product would directly mean that emerging SaaS based ERP products will often serve niches too it.
Going on with the main requirement and not lagging behind into information which are not important, the total planning would go wrong
In order to make the ERP system functional the need of robust solution should be done upfront. The documentation of each and every scenario should be there so that improvement can be applied to the overall concept.
The internal project management should be strong in which the time involved in the overall concept is minimized.
Testing should be done every time once the system starts and it should be a continuous process in order to detect any bugs involved in the process.
References
Abu-Dbai, A., Breitgand, D., Gershinsky, G., Glikson, A. and Ahmed, K., 2016, June. Enterprise Human Resource Management in Mesos Clusters. In Proceedings of the 9th ACM International on Systems and Storage Conference (p. 17). ACM.
Al-Mashari, M., Al-Mudimigh, A. and Zairi, M., 2017. Enterprise resource planning: A taxonomy of critical factors. European journal of operational research, 146(2), pp.352-364.
Altamony, H., Tarhini, A., Al-Salti, Z., Gharaibeh, A. and Elyas, T., 2016. The relationship between change management strategy and successful enterprise resource planning (ERP) implementations: A theoretical perspective. International Journal of Business Management and Economic Research, 7(4), pp.690-703.
Brewster, C., Houldsworth, E., Sparrow, P. and Vernon, G., 2016. International human resource management. Kogan Page Publishers.
Hong, S.G., Hong, S.G., Siau, K., Siau, K., Kim, J.W. and Kim, J.W., 2016. The impact of ISP, BPR, and customization on ERP performance in manufacturing SMEs of Korea. Asia Pacific Journal of Innovation and Entrepreneurship, 10(1), pp.39-54.
Issar, G. and Navon, L.R., 2016. Enterprise Resource Planning (ERP). In Operational Excellence (pp. 33-36). Springer International Publishing.
Kurbel, K.E., 2016. Enterprise resource planning and supply chain management. SPRINGER-VERLAG BERLIN AN.
Lasisi, M.O., Owens, J.D. and Udagedara, S., 2017. Key benefits of enterprise resource planning adoption within small family businesses: a conceptual framework.
Stannard, L., Imbimbo, D. and Huff, B., Bigrentz Inc., 2016. Enterprise resource management. U.S. Patent Application 14/997,296.
Thakur, M.A., 2016. Enterprise Resource Planning (ERP) Implementation in Technical Educational Institutes: Prospects and Challenges. International Journal of Multifaceted and Multilingual Studies, 3(2).
Umble, E.J., Haft, R.R. and Umble, M.M., 2016. Enterprise resource planning: Implementation procedures and critical success factors. European journal of operational research, 146(2), pp.241-257.
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