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<p>No doubt volume and complexity of financial transactions varies in each industry and accounting softwares are meant to automate process of summurizing financial records once data is entered into system. </p> <p>Reporting requirements of different management style and hyrarichy shapes ultimate requirements of an organization.</p> <p> </p> <p>Question is asking you to share your insights that along with match making of solution functionality with business processes what are major consideration other than budget of deployment , training and operating cost of software. </p> <p> </p> <p>How do you decide as financial Business analyst that what kind of software your company need </p> <p>or as pre sales professional that what solution suits to which industry / business / structure. </p> <p> </p> <p>How do you evaluate .. what software for which type of business ? </p>
There are three Form of business:
1 - Sole-proprietorship - recommended software are market based i.e Myob, Xero and Wave etc
2 - Partnership - Recommended software are a modification of Market plus modified form i.e Quickbooks, Tally and customized Oracle based.
3 - Company - Recommended software are ERP based , which are fully customized and integrated as per corporate needs.
Every Software small or Large, provides the right numbers to make right decision in terms of investment decisions, capital and cash flows decisions and market/cost decisions.
I agree with the answer given by Yousuf Jesser Commercial Officer
Business accounting software can be the source of all this information. But finding the best accounting software program for your business can be a challenge, with an explosion of shrink-wrapped software products and online application offerings. In order to choose a business accounting software program, you need to understand some business accounting basics, take a good look at your business and its accounting needs, and assess the products available today.
Partnership - Recommended software are a modification of Market plus modified form i.e Quickbooks, Tally and customized Oracle based.
Hi The nature of work imposes on the business manager to use a suitable program and compatible with the business in order to ensure the effectiveness of the performance of the program by achieving the collection of data complete with their classification each by their characteristics and classified in groups with an accounting sense
It depends on the scale and type of the business. As far as I know, SAP could provide additional functions and transaction codes,and could even modify them to suit a company's nature and needs. Just prepare a lot of money. I know it's too costly.
