Finance and Accounting Considerations for an ERP Implementation or Upgrade
Posted on: March 31, 2008 | By: SuperUser Account | QAD Financials
As a financial leader in an organization considering a new ERP implementation or upgrade, it is important to clearly define your objectives for you new system or enhanced functionality. Consideration should be given to the following;
- How can I optimize my Financial Reporting environment to efficiently produce statements from the organic data in the general ledger?
- What are the true business drivers of the company that require reporting and analysis?
- What are the bottlenecks to an efficient seamless general ledger accounting close?
- Do I deliver timely feedback to the organization in the form management reporting so the business managers can make cogent informed business decisions?
- Is my finance and accounting organization sized properly for my current business environment and future growth?
- Is the Internal Control environment stable or in need of enhancement. How can I leverage this project to comply with Sarbanes-Oxley?
You should define clear objectives as you answer these questions. Be sure you communicate these objectives to insure your project is appropriately scoped and resourced. In future blogs, I will dive deeper into these considerations.