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Selecting Accounting Software is one of the most important and potentially one of the most costly decisions a business makes The decision is important because if the right choice is made internal control of most accounting functions will provide a lower risk of doing business An accurate method of keeping track of the essential financial functions of the business also will result However the decision could be costly if it is made without a thorough evaluation of the current and future needs of the business as well as the establishment of an effective method of determining which software package best meets the requirements of the business Three of the most important steps to identifying the appropriate software for any company are1 Strategic planning for the future2 Identification of tested products and vendors3 A selection process that matches the product with the business current needs and future desiresCTS a nationally known expert has been evaluating accounting software for more than 15 years It believes that the challenge today is not so much to pick software that works because the vast majority can do the basics well but to choose the one whose strengths match your business priorities httpwwwctsguidescomaboutctsasp The important message here is that unless a business understands its own overall operating environment which includes organizational structure culture management philosophy operating style and commitment to excellence choosing the right software will be impossible Strategic planning is a critical element to determining the vision of an organization and ultimately the tools necessary to attain it Strategic planning is used to identify long-term goals and objectives that guide a business in the development and use of its core competencies It is these core competencies that help establish operational plans one that involves the accounting financial and reporting mechanisms used by businesses This initial planning phase gives guidance and direction to the task of identifying an accounting software system that will help a business meet its goals Great Plains
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