Further, Oracle also has templates and process definitions for the electronics components market as well. Lastly the financial modules with Oracle can also be used for local government reporting in addition to SOX compliance.
For the small business of $2M their needs are drastically different than the $100M distributor that has offices across multiple geographies. The $2M company for purposes of this example is a manufacturer of air conditioning spare parts and is heavily manufacturing based. Their customer base is primarily throughout the U.S. Their primary need is for an accounting system that can has Accounts Receivable, Accounts Payable, General Ledger, Billing, Inventory Management, distributed order management and sales order management, all core functions of an accounting system (Collins, 2006). In addition this small manufacturer also needs support for Debt Collection, electronic payment processing, online payroll, timesheets and purchase requisition as well. All of these features can be found in low-end applications from Intuit (Anders, 2006) in addition to Microsoft Dynamics, Syspro and many others that are increasingly relying on the Web as their primary delivery platform (Lin, 2004). Given the highly distributed n nature of the business it is critical for the company to consider hosted or Software-as-a-Service (SaaS) based models as well (Lin, 2004).
Cost Comparisons and Recommendations
References
Susan B. Anders. (2006). Website of the Month: Accountant.intuit.com. The CPA Journal, 76(11), 70-71.
Phillip G. Armour. (2005). Sarbanes-Oxley and software projects. Association for Computing Machinery. Communications of the ACM, 48(6), 15-17.
J Carlton Collins. (2006). Small Business Software Grows Up. Journal of Accountancy, 201(3), 50.
Ivancevich, S., Ivancevich, D., & Elikai, F. (2010). Accounting Software Selection and Satisfaction. The CPA Journal, 80(1), 66-72.
P Paul Lin. (2004). Web-based Accounting Systems. The CPA Journal,…
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