Evaluating ERP systems to replace their dated system

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A company is evaluating ERP systems to replace their dated system that has been running for the past 10 years. Before the company begins to look at individual systems, the accounting team would like an analysis of the following three questions. Use citations where appropriate.

REQUIRED:

1. What are the pros and cons of using a cloud-based service (i.e. NetSuite, Intacct, Financial Force, Acumatica)?

2. What are the benefits and drawbacks of upgrading an existing server and staying with an on-premise system (i.e. not cloud based)?

3. You should perform a basic analysis of the cash flow necessary for each option.

Reference no: EM132217680

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