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Strategic Business Accounting

   

Added on  2020-02-24

11 Pages2807 Words45 Views
Business 1BUSINESS: STRATEGIC ACCOUNTING SOFTWARE PACKAGESNameCourseTutorUniversityCity/stateDate

Business 2IntroductionThe modern corporate world is characterized by great competition in providing quality businessservices to different clients. Many organizations are therefore seeking to establish a competitiveadvantage in the areas of quality, efficient and cost effective service provision. With the increasein organizational activities, the coordination of all activities to bring about quality output isdependent on the organization management systems (Ismail and King, 2014, p. 13). Greatemphasis is laid to the performance measurement tools in any organization which necessitiesorganizations to develop and adopt software packages which can help them meet the businessneeds as well as the needs and demands of their clients. Some of these business software’s include the accounting software packages which have beenadopted by many businesses or organizations among them been the Hansen’s Accounting andBusiness services firm in Melbourne, Australia (Chenhall and Moers, 2015, p. 6). This study,therefore, seeks to provide an understanding of the structure of this organization or firm and itsinteractions with business software and how the organization has adopted the use of accountingsoftware packages. It will also provide an understanding of the competition the company facesfrom other users of the same software in a bid to understand what gives them a competitiveadvantage in the market as well as analyze some of the challenges experienced by the users ofthe accounting software packages.The Hansen Accounting and Business organization structureThe Hansen accounting and business services firm was established in 1997 and has since been inforefront of providing quality business services to their clients. The organization or firm is basedin Waverley, Melbourne, Australia but has a wide network of clients in many other parts of the

Business 3world. The organization is specialized in providing business services across the fields of businessconsultancy services, accounting, auditing and other specialist services. It has been recognizedfor offering quality services to their clients such as provision of annual financial statements,business activity statements, management consulting and reporting services and financialbudgeting as well as auditing services among others (Broida and Flora, 2015, p. 46).The organization is structured into different departments which specialize in different businessservices but all work together towards the common goal of achieving the objectives of thecompany and that is to meet their clients’ needs in offering solutions and quality services toproblems or challenges from their clients. The organization has a business service departmentwhich specializes in offering accounting services, business consultancy, booking keeping,payroll among other services (Blount et al. 2016, p. 193). It has also a tax and audit departmentwhich specializes in offering tax and audit related services to their clients as well as a specializedservices department which deals with special clients’ needs like customized client services.However, the departments are linked together by the management and serve a common throughthe efforts of specialized and competent staff.Organizational operational problemsHowever due to the many organizational activities involving huge financial data and greatnumber of clients with high demands, the Hansen Accounting and Business Services companyhas been experiencing great complaints from their clients most of which result from errors infinancial reports or budgets and increasing costs resulting from inefficiency of the currentsystems (Lim & Perrin 2014, p. 3). Such problems having been analyzed by the management ofthe company were found to be very critical to the organization success as their clients needed to

Business 4be satisfied with the quality of their services as well as help them reduce the costs associatedwith lack of utilization or adoption of accounting software (Mas et al. 2014, p. 103). Themanagement, therefore, seeks to acquire accounting information system software packages thatwill help them cut the operational costs, improve their efficiency as well as perform the varioustask in the shortest time possible to meet the rising demand from their clients. The softwareshould help the company eliminate some of the human errors reported by their clients as well asallow for effectiveness and consistency by fulfilling the business needs.Acquisition of system softwareThe management is therefore tasked with the responsibility of making a decision on acquiring asystem accounting software in which their decision can be to adopt or acquire commercialsoftware, custom software or ERP software. However the acquisition of accounting softwarepackages is supposed to fall under the context of the existing organizational structure anddepending on the organizational needs, the software should, therefore, be compatible with theexisting organizational structure as well as improve the efficiency of the currently existingstructure (Starinsky 2016, p. 3). The commercial software’s are usually ready-made software’s for resale to the end user andtherefore in most cases they are used by small organizations at start-up of their businessoperations however they may not be applicable to large organizations with an already establishedstructure as the system software may not be compatible with existing current structure (Chenhall& Moers 2015, p. 8). The acquisition of custom software will mean that the company will haveto adopt software that is designed or developed to meet specific user or organizational needs.However, the development or acquisition of ERP software allows the organization to use a

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