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IT Acquisition Assessment - Desklib

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Added on  2019-10-18

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The article discusses the issues faced by Borger Management due to different accounting systems in different departments and the need for an integrated accounting system. It also provides a risk analysis and suggests the use of Software as a Service (SaaS) as a solution. The article further analyzes key vendors, product trends, and market potential.

IT Acquisition Assessment - Desklib

   Added on 2019-10-18

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IT ACQUISITIONAssessment[DATE][COMPANY NAME][Company address]
IT Acquisition Assessment - Desklib_1
Table of ContentsBackground of problem statement.....................................................................................2Why was the specific problem statement selected?.........................................................2Reason for acquisition.......................................................................................................3Risk Analysis......................................................................................................................4Analysis on key vendors, product trends, and market potential........................................8Key Vendors...................................................................................................................8Product Trends...............................................................................................................9Market potential..............................................................................................................9References.......................................................................................................................10
IT Acquisition Assessment - Desklib_2
Background of problem statementBorger Management has different accounting systems in different department leading toissues like gathering of information from all these platforms and then integrating it to a single platform for creating the financial statements. It was seen that Timberline Software was used by one person accounting the payable department and Rentroll Software was used by accounts receivable department and the on-site property managers. Additionally, MRI was used by Financial Statements and General Ledger. All these software were seen to be highly incompatible with each other. This led to the complication of the activities as the information had to be gathered from all the platformsfirst, converted to the single platform and then the financial statements were created. Therefore, the organization was facing critical issues related to increased workforce, increased expense and less productivity. The paper discussed the concern over this problem and analysis the risks associated with it along with a discussion on the suitable alternative solution.Why was the specific problem statement selected? A disorientated system fails to integrate the accounting of the organization with their strategic goals and cannot provide any insight to the business practice. This leads to reduced visibility, productivity, and accountability of the business operations. Additionally, an integrated accounting system helps in providing operational control, limits, credit control, payment issues and invoice along with enhanced security (Robert S. Kaplan and Robin Cooper, 1998)The organization was facing the following challenges due to disoriented accounting system:
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