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Selecting Financial Accounting Software

1. You have been assigned as the Systems Analyst to assist in the selection of the new Financial Accounting software package (General Ledger, Accounts Payable, Accounts Receivable, Payroll, Fixed Assets, Inventory Control and Purchasing). The company you work for, Mom & Pops Mortgage Company, has decided that they definitely will only consider packaged software for this application. It's your responsibility to develop a high-level plan as to how you will drive the selection process.

Where do you begin? What investigative techniques will be used? Who will need to be involved? How will the final selection be made?

Solution Preview

I will follow these steps in selecting the software:

· Define your needs

· Define your selection criteria

· Create the long list

· Create the request for information

· Evaluate the responses

· Create your short list

Let us understand this in detail.

First of all, i will identify exact requirements for the software package. This can be done by analyzing the exact ...

Solution Summary

Where do you begin? What investigative techniques will be used? Who will need to be involved? How will the final selection be made?

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