Assume that you are the Chief Accounting Officer (CAO) for a large manufacturing company. The company is publicly-held; therefore it must follow all reporting requirements of the Securities and Exchange Commission (SEC). The company is rapidly expanding and has outgrown its information system. You have been given the task of evaluating and recommending a viable accounting information system solution for the accounting and financial data. Your final proposal will be delivered to the Chief Executive Officer (CEO) and Chief Information Officer (CIO). You must be able to support your proposal with appropriate research.
As part of your course project, you are asked to research software for your accounting information system. Conduct research to find two standard packages that you feel may fit your company. Include a minimum of the following:
- Cost
- Availability
- Required Hardware
- Training and Support Package
- Transition Time Assume that you adopt custom software.
Briefly explain the advantages and disadvantages to selecting this approach. Prepare a brief summary of your software findings. In this summary, indicate the product that you feel is the best fit for your company.