Chapter 15: Accounting and Enterprise Software Introduction Integrated Accounting Software Enterprise-Wide Information Systems Selecting a Software Package Chapter 15-1 Introduction Advances in Accounting Software   Initially processed bookkeeping transactions Developed into powerful and complex data collection programs Enterprise Resource Planning Systems (ERP) Provide all accounting functions Interfaced with multiple functional areas of business  Manufacturing, Sales and Distribution, HR Applications   Chapter 15-2 Integrated Accounting Software Function   Process all types of accounting transactions Transactions affecting general and special journals Modules    Organizes transaction processing in modules Provides links between modules Include Accounts Receivable, Accounts Payable, Inventory, and Payroll Chapter 15-3 Features of Integrated Accounting Software Programs Chapter 15-4 Small Business Accounting Software Information Needs of Small Business Owners   Cash Flows Evaluating Profitability Popular Software Packages   Quickbooks by Intuit Peachtree Accounting Chapter 15-5 Small Business Accounting Software Features of Software     Vary by provider Numerous reports including financial statements and budget reports Scalability Internet Connectivity Adoption  Owners must still learn the various features of the programs Chapter 15-6 Midrange and Large-Scale Accounting Software Utilization   Transaction processing needs grow Volume and complexity Popular Software Packages      Microsoft Dynamics GP SAP Business One Epicor Sage software’s MAS 90, MAS 200 Everest Chapter 15-7 Midrange and Large-Scale Accounting Software Cost Considerations  Range from $2,000 to over $300,000 Features      Multi-currency transactions Currency conversions Various modules and interfaces (CRM, HR) Deployment options (desktop, web-browser) Hosted solutions Chapter 15-8 Midrange Accounting Software Integration Chapter 15-9 Specialized Accounting Information Systems Specially designed software for specific industries  Schools, Dental Offices, Pet Retailers Can be designed as add-on modules for integrated software packages Independent developers create programs to interface with integrated packages Chapter 15-10 Study Break #3 Which of the following is distinguishing characteristic of an enterprise-wide (ERP) system? A.Must be a hosted solution B.Multiple databases C.Integration of business functions D.Low cost Chapter 15-23 Study Break #3 - Answer Which of the following is distinguishing characteristic of an enterprise-wide (ERP) system? A.Must be a hosted solution B.Multiple databases C.Integration of business functions D.Low cost Chapter 15-24 Study Break #4 Components of an ERP’s architecture typically include: A.A centralized database and application interfaces B.Internet portals and multiple databases C.A centralized database running on a mainframe computer D.Business intelligence and multiple databases Chapter 15-25 Study Break #4 - Answer Components of an ERP’s architecture typically include: A.A centralized database and application interfaces B.Internet portals and multiple databases C.A centralized database running on a mainframe computer D.Business intelligence and multiple databases Chapter 15-26 Business Process Reengineering and ERPs ERP Integration Entails reengineering an organization  Encourage conformity with best practices  BPR Success Planning  High-level review of process  Support from top management  Chapter 15-27 Key Aspects of BPR Success Chapter 15-28 Costs and Benefits of Enterprise Systems Chapter 15-29 Sales Dashboard Example Chapter 15-30 Anatomy of a Digital Dashboard Chapter 15-31 Measuring the Value of an ERP Chapter 15-32 Summary of Software Packages Chapter 15-33 When is a New AIS Needed? Chapter 15-34 Selecting the Right Software Approach will vary Complexity of the business and software  Packaged software or custom system  Acquiring Software Utilization of value-added reseller (VAR)  Vendor consultants  Chapter 15-35 Copyright Copyright 2012 John Wiley & Sons, Inc All rights reserved Reproduction or translation of this work beyond that permitted in Section 117 of the 1976 United States Copyright Act without the express written permission of the copyright owner is unlawful Request for further information should be addressed to the Permissions Department, John Wiley & Sons, Inc The purchaser may make backup copies for his/her own use only and not for distribution or resale The Publisher assumes no responsibility for errors, omissions, or damages, caused by the use of these programs or from the use of the information contained herein Chapter 15-36 Chapter 15 Chapter 15-37 ...  Chapter 15- 27 Key Aspects of BPR Success Chapter 15- 28 Costs and Benefits of Enterprise Systems Chapter 15- 29 Sales Dashboard Example Chapter 15- 30 Anatomy of a Digital Dashboard Chapter 15- 31... (PRM) Chapter 15- 17 ERP System Integration Chapter 15- 18 Supply Chain Example Chapter 15- 19 The Architecture of Enterprise Systems Chapter 15- 20 The Architecture of Enterprise Systems Systems... modules and interfaces (CRM, HR) Deployment options (desktop, web-browser) Hosted solutions Chapter 15- 8 Midrange Accounting Software Integration Chapter 15- 9 Specialized Accounting Information Systems