ERP Implementation Project Plan
However meeting the primary objective of the company of maximizing profits and minimizing cost the best way possible. The integrated financial management system is the best option for this organization since it will eventually solve its problems by integrating operations within all department in a less costly manner. Introduction This is an essential plan in an organization such as fitter Smackers because it’s the heart of the organization, there are so many factors which might interfere with the operation of the organization and the measures taken should be bold enough to allow a smooth operation in the organization. In the past few months, the operations of fitter have been ineffective due to the multiple legacy systems which and take the organization to the opposite direction, unlike the competitors who have been on the move to make sure that their systems are up to date and they can be able to cope up with the customers demand.
With an effective operation our competitors were able to control a big share of the market and taking what its actually ours as fitter organization, its due to the decreased effectiveness of the organization that as the new information technology director we see a need for a pure revision of the whole process by fully replacing the legacy systems to be up to date. Benefits Integrated financial management information systems will actually provide timely, accurate, reliable and verification of information which unlike the past financial management systems they will be by far away accurate unlike the manual transaction and passage of information from one section of the organization or even from the outside parties which will be interested more so the customers, this will attract more customers to the organization forgetting the past experience which they have gone through in the process of having it done.
It provides an accurate framework for integration of the functional processes and the financial resources in the business. This will actually enable the acceleration and processing of information by integrating data from different parts of the organization and deleting duplicate work from the system hence making it accurate and reliable to the function and the pace of the organization in which it will also make sure that data being entered into the systems will not actually come into contact with that from other departments (Lianzuala et al. This system is modified in a way that even in future due to the advancement of technology its always up to date because as per the standards rated its updated after a certain period of time hence making it suitable for a growing organization like this.
Cost The cost of installing an integrated financial management system to an organization is approximately $764 dollars which are actually less than the actual organization expenditure for one year on loopholes and in hiring employees who in the process are still making a lot of errors on the financial statement, ghost workers will be wiped out of the organization totally and that will be history since from the beginning of the process the organization will have at least each and every employee is defined in the integrated information system and the details are fully scrutinized. Apart from the change and the adaptation of the current business situations in the world, there are other factors which should convince the marketing VP to accept the change.
The cost of implementing the project is much cheaper than all other systems, this system is a multifunctional system hence can do a lot of functions instead of finding the system for each and every department. Below is the summary of the model of the project and how it coordinates activities without physically moving from one place to another, this is actually working within a system and the employees will just be controlling the activities from their computers. Figure one: shows the summary of the whole process after implementation and how the activities will be coordinated. Order to cash in action The current model of cash transfer is more concern with the transfer of cash through individual specifically the company department which will expose a lot of risk to the company funds, this design to make the process more personal in terms of the cash transaction.
The need of this company is to meet the functions which are important to the future and the advancement of its operation and from the above criteria integrated financial management system have all the requirements that the organization will need now and in the near future hence being the best Conclusion In conclusion, enterprise implementation plan is one of the best and the fundamental factors that the organization will ever think of coming to the realization of its worth. From the implementation plan its quite clear that there must be critical ideas and procedures that should be followed to make sure that the best ERP is selected without regrets from the administration or loss of information in the form of a scam or other criminal act but simply have the best for the company.
Legacy systems need to be revived most at times to give room to new and updated systems to take the part since change is actually inevitable. Work Cited O'Leary, Daniel E. Enterprise resource planning systems: systems, life cycle, electronic commerce, and risk. Hunton, James E. Barbara Lippincott, and Jacqueline L. Reck. Enterprise resource planning systems: comparing firm performance of adopters and nonadopters. International Journal of Accounting information systems 4. Appendix 1:defination of terms IFMIS- integrated financial management information systems ERP- enterprise resource planning VP- marketing vice President marketing Appendix 2 : figures Figure 1: shows the summary of the whole process after implementation and the coordination of activities.
From $10 to earn access
Only on Studyloop