Accounting Information System 7
Executive Summary
This report aims at finding suitable accounting software to replace current accounting system that no longer meet the needs of the company. A brief introduction to the company Q.L. Medicine is firstly delivered, followed by a comprehensive needs analysis, which focuses on the requirement of a new accounting software. Three solutions—Microsoft Dynamics AX, Sage PFW and TRAVERSE—will then be provided. Each will be evaluated with the same criteria and then conclude with the best one—Microsoft Dynamics. Finally, a recommendation for the next steps towards the company will be suggested.
Introduction
Q.L. Medicine is a multinational company, exporting the traditional Chinese medicine worldwide. Since current accounting information system is out-of-date and not effective, management decides to introduce new and more sophisticated accounting software. The report follows steps of decision making in order to help the company find the most suitable solution. First, to identify the problems brought by the existing system, the report provides a need analysis to comprehensively examine the urgent and future needs of Q.L. Medicine. Next, three accounting software is selected and developed as possible solutions and then the point scoring metrics analysis is used to evaluate them. In the point scoring metrics, the report assesses alternatives by allocating weights to identified criteria. A possible best solution is then picked according to scores of each solution. Finally, the report will discuss the steps of the new accounting software implementation.
Overview
Q.L. Medicine Export Co., Ltd. is a medium-size private enterprise established and registered in Ningbo in May 2008. The company has the headquater located in Ningbo and two branches in Shanghai and Guangdong respectively. The business is committed to export a range of traditional Chinese medicines to US and Malaysia. All the exports are transported in the form of shipping, and Port of
This report aims at finding suitable accounting software to replace current accounting system that no longer meet the needs of the company. A brief introduction to the company Q.L. Medicine is firstly delivered, followed by a comprehensive needs analysis, which focuses on the requirement of a new accounting software. Three solutions—Microsoft Dynamics AX, Sage PFW and TRAVERSE—will then be provided. Each will be evaluated with the same criteria and then conclude with the best one—Microsoft Dynamics. Finally, a recommendation for the next steps towards the company will be suggested.
Introduction
Q.L. Medicine is a multinational company, exporting the traditional Chinese medicine worldwide. Since current accounting information system is out-of-date and not effective, management decides to introduce new and more sophisticated accounting software. The report follows steps of decision making in order to help the company find the most suitable solution. First, to identify the problems brought by the existing system, the report provides a need analysis to comprehensively examine the urgent and future needs of Q.L. Medicine. Next, three accounting software is selected and developed as possible solutions and then the point scoring metrics analysis is used to evaluate them. In the point scoring metrics, the report assesses alternatives by allocating weights to identified criteria. A possible best solution is then picked according to scores of each solution. Finally, the report will discuss the steps of the new accounting software implementation.
Overview
Q.L. Medicine Export Co., Ltd. is a medium-size private enterprise established and registered in Ningbo in May 2008. The company has the headquater located in Ningbo and two branches in Shanghai and Guangdong respectively. The business is committed to export a range of traditional Chinese medicines to US and Malaysia. All the exports are transported in the form of shipping, and Port of