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1. Involve the right people
Your accounting software generates information used throughout most of your organization. That's why choosing new software shouldn't be delegated to a single department or manager.
Participation across functional groups will help you select, implement and use the best possible financial software solution. There are, in general, five groups of people who should be involved in the selection process:
System Users
These are the people who will use the software daily. They need the software to be user-friendly, logical and efficient.
System Managers
Managers supervise the system users. These system managers must understand the financial information and reporting needs required by upper management, and then direct system users about how to effectively use the system.
System Customers
Financial information customers can be found throughout the organization, in every department and at any level. These people rely on the reports, summaries and other data generated by the accounting system to make decisions and other-wise manage their particular group or department, System customers may not necessarily understand accounting fundamentals, but they do require the information supplied by the software.
System Sign-offs
These are the people who must give final approval to acquire the system. Typically this group includes representatives from Information Systems (IS), accounting and the executive management team. The company president or CEO may play a prominent role in selecting the system, or may delegate this task downward.
IS Staff
Representatives from the organization's IS staff should be closely involved in the accounting software selection process and typically play key roles in the software's installation and ongoing upkeep.
Five mistakes people make when selecting accounting software
Mistake 1:Not doing enough homework
Analyzing and then selecting accounting software takes time and effort. Information is critical to selecting the most appropriate system for your organization. You are already a step ahead of most people because you're reading this booklet.
Mistake 2:Misunderstanding the benefits of automation
Automating accounting and related functions can save your organization considerable time and effort. However, computers can never replace human intelligence, judgment or hard work.
Mistake 3: ignoring hard-to-quantify benefits
It's difficult to calculate possible future gains in terms of increased productivity, better decision-making and other factors after a new system has been successfully implemented. The results following the time-consuming selection and implementation of the best accounting solution can dramatically increase your bottom line.
Mistake 4: Passing the buck
Top management and other key personnel within the organization must be involved in the selection and implementation process. Never rely solely on a consultant's or input.
Mistake 5: Thinking accounting software is only for accountants
Accounting software will deliver results in the form of critical need-to-know information to every manager in the company. Don't select a system that won't provide detailed reporting and other company-wide information.
 
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