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information from accounts. To set a competitive price of

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  • "information from accounts. To set a competitive price of the products information likethe amount payable to suppliers, inventory stock, sales amount, possible margins, costof raw materials, pricing and labor charges, payrolls of the staff etc. is al..

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  • "information from accounts. To set a competitive price of the products information likethe amount payable to suppliers, inventory stock, sales amount, possible margins, costof raw materials, pricing and labor charges, payrolls of the staff etc. is always needed(Romney et. Al., 2006). ? All these information can be obtained only by integration of business processes and thesystems. The better the integration the quicker and more compatibility will be thebusiness process gaining more revenue ultimately. The integrated implementation ofERP or the implementation on AIS over ERP provides a strong structure to the business.It helps in colleting, processing, managing, storing and retrieving the information fromfinance and accounts (Gordon & Miller, 1976). This information is obtained frombusiness analysts, managers, tax consultants, auditors, accountants etc. ? Functions are integrated by ERP and the integration of ERP and AIS choose furtheruseful information from different business processes or units. AIS analyze history andprovide the information which can forecast the future of business.4.Systems requirementsESP and AIS implementation is necessary for the business to reach to the goals of the company.With the help of ERP the database can be shared and centreline for all the processes ofbusiness (Bae & Ashcroft, 2004). The AIS process will also be able to use the central databaseand have an access to the entire business process with more accurate processing.SpeedThe information systems are best at speeding the processing of the tasks. The data onceentered can be used any time repeatedly very easily. Any correction in the transaction can bedone with quickly generated reports and records which were before impossible manually. Software should accommodates growth: this is related to the business which starts with veryfew employees and this company winds up with the dozens of people who are working inseveral facilities (Jones, 2002). In software, there is several numbers of users, which areexpanding, and it respond to the needs related to the development. 6 Easily customizable- When there is change to the software in company’s needs and there is norequirement of coding with the experts (Salehi, Rostami & Mogadam, 2010). When the userinterferes and they would be able to work without any interference. Centralization and coordination- With this kind of software, with the data set there aredifferent area types. These users have access to the information that is updated to the mark. Italso ensures that all of them are on the same page. With this process, there might beconfusion, errors and there are time wasted that might be due to calls or emails. Useful data-The data needs to be driven perfectly so that the business can thrive. Data isbasically the foundation for the insights of extensive range that might increase the growth aswell as it boosts the profits. But this data does not bring any use when it is not meaningful.With the software, data can be gathered, summarized and the most importantly it also includesthe indicators related to key performance. (KPI). It is always indispensable to the get the charts,intelligible reports when the data is required to access. This software is very much responsive,which shows that the latest data is not according to the outdated figures.Automation and organization- Accounting software system is used to save time as well asmoney by web of business processes are organized and this way the data can be renderedthrough automation efficiently (Lambert, Leuz & Verrecchia, 2007).ClassificationIt is always necessary to classify the data which is entered in the accounting system whether itis done through manual or computerized system. For an instance a transaction can be relatedto sales or revenue or interest. This classification is done with a drop down menu and the onewhich is required, can be chosen accordingly. This way, reports can be generated in a very quickmanner. However if classification is done in manual system it definitely takes much time. Everybusiness process includes 3 fundamental functions, there are:? The data which is collected from different transactions in a company, data processing isdone in effective and efficient way. For getting it done, it is required to source anddocumentations associated with those transactions. All of these transactions are7 entered into journal in a chronological order. Once this is done, all these entries aretransferred to ledger from the journal. In ledger, all of the data are categorized on thebasis of different accounts. ? With the help of AIS software, decision making process is managed by offering theinformation collected from the database (Lucas, 1975). To share the information withmanagement, there are basically 2 categories, these are: managerial reports and thefinancial statements. ? The AIS software will offer the required control so that the reliability can be ensuredthat is produced and collected from the software. It also ensures the effectiveness ofthe business activities and these all are in accordance with the managerial objectives. ? In the AIS system, there are several sub systems like expenditure cycle, HR, revenuecycle, reporting cycle and the general ledger. 5. Software selectionB Bakery is a business which is run by the family having 70 employees approximately. As per thestudy, this business has earned around $15 million in a year. This way, this company is knownas large scale or medium scale company. So, there is a need of some appropriate solutionrelated to the business.As per the research made, three types of accounting information system software are there andthis classification is based on business size. These types are:5.1 Entry level solutionsThis type of accounting software is related to the small business and the businesses which arehome based having maximum five members (Moscove, Simkin & Bagranoff, 1998). Thissoftware delivers the basicfinancial accounting functions like reviews and reporting etc. AISlike QuckBooks, FreshBooks, Wave etc. are the AIS software that belongs from this side. 5.2 Small to Medium level Business SolutionsThis AIS software class is related to small as well as medium scale business having 5 to 100active users. This offer supports much more functionalities than the earlier class. It is observedthat there are transactional information supports that are high demanding (Archer, Wang,8 Kang, 2008). This software is highly scalable as well as robust. Some of these are QuickBookEnterprise, (GP, NAV, SP) and SAP as well. 5.3 Enterprise Accounting SoftwareThis AIS software is very much suitable for the organization wherein there are 100 active users.All of these software are equipped with the features as well as the functionalities. Some of theexamples of these software are SAP, SAGE ERP X3 and Oracle etc. According to the businessrequirements as well as the details of the organization B Bakery, recommendations are therefor choosing good SMB solutions.6. Selection of VendorAmong all of the SMB accounting system and the solution providers, most renowned vendorsare Microsoft Dynamics, SAP and SAGE 100 ERP as well as SAP by design etc. Below is thediscussion, there are basically 3 systems which are with the available variations:6.1 SAGE 100 ERPSAGE 100 ERP has several sections and variations of AIS software which are related to SMBs.Some of these are SAGE 100 Advanced and ERP etc. with this software almost 50 users can besupported at a time with the unique range of financial as well as accounting activities, HR andweb services, along with manufacturing, distribution and CRM services. All these solutions arecustomized and are on the basis of the business processes. These software are stable as well asflexible. For supporting in recording the historical budgets and available templates, bill ofmaterials (Sage, 2012).It is required that Microsoft window environment and MS SQL backend databases to actaccordingly. Based on the client server as well as the online platform, all these can beimplemented. For setting up and using these applications and the software, there are wizardbased support. All of the modules of the software are integrated with seamless way. It becomesvery easy and understandable having the robust features so that there can be maximum ROI ofthe business. This software offers very easy method to build the presentation and the reportsas well. For taking the better decisions, there are business intelligence modules which help in it.To perform the particular task, users defined fields as well as the business can be used by the9 users. Customization done in this way is very expensive and up gradation is required. This isquite possible to get the workflows based on the personalization. 6.2 Microsoft DynamicsThere are several variations of AIS software related to Microsoft Dynamics which are availablefor B.Bakery. These variations are NAV, SL and GP etc. Among all these variations, GP is theaccounting software delivering the activities for controlling several resources decision makingand HR etc. It is very easy to use and implement ERP based software related to AIS. Thisinterface is as par with the Microsoft office. Also, there is a great support for online training,regulations as well as tax (Wadhwa & Ravindran, 2007).Microsoft dynamics SL is the Microsoft dynamic variations and this software is appropriate formedium scale business. The basic feature of this software is that it is perfect to use for theaccounting which is focused project. Microsoft Dynamic NAV is the software that is best suitedfor medium sized business. With this, there is a complete control over supply chainmanagement, financial management and reporting etc. 6.3 SAP Business ByDesignSAP Business ByDesign is a general accounting solutions for small to medium scale businesses.This is mostly suitable for SMBs that are looking for SaaS based cloud accounting solution. Itgives a robust set of professional services along with integrated process for finance, CRM etc.The companies belonging to light manufacturing industry is also suitable for implementation ofthis system. (SAP, 2015)The advantages of this software are,? These software are very scalable so it is very easy to add the new users and increase thetransaction amount. ? There is a great support for financial transactions as well as the international account. ? It supports multi language as well as multi currency? With this the cost of ownership gets reduced. All of the resources in the organization aremanaged in and efficient wand controlled way.? There is no need to have any hardware installation as this is cloud based solutions. 10 "

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