Managerial Decision Making Assignment Example | Topics and Well Written Essays - 500 words

Managerial Decision Making - Assignment ExampleThe problems arose collect to the negative flows of cash flow. Sometimes inflows were delayed which created liquidity problems in the short run since vendors needed to be paid on time. To solve these issues, dependence was want on spreadsheets and method of accounting statements that exasperated the problem beyond the scope of any possible solution. Use of manual and computer software that were not suited to finagle such voluminous data often led to IT disruptions that could not be readily solved. It would become requisite to seek professional help of people with sanctuary with practical experience with SAP system administration. (ADM 110- installation SAP ECC 6.0, n.d).The main criteria that needed to be developed and installed were in terms of creating such modern, progressive technology that could create Automate receivables, invoicing, and cash reconciliation processes to shorten order-to-cash cycles. (Grow your company and ge t out of nomans land, n.d, para.1). It was necessary to process verbose, large, discrete financial and accounting information into the precise, succinct and understandable language.1. It should not create more problems than what is currently in vogue. Rather, it should be able to resolve problems and usher ineffectiveness and streamlined impact ofbusiness inputs.2. It needs to be cost-effective and easy to maintain, without much hassle.3. Whether the prevailing system needs to be fully scrapped or used in unity and coordination with this system needs to be considered. Scrapping the earlier system would lead the management with no bailout or exit plan in the event SAP encountered Problems that would pay back the solutions. 4. Whether its cost-benefit plans would be positive and yield results from Day One. 1.4. Generating alternatives When outside consultant could not deliver a viable SAP solution to accounting problems, it would become necessary to start an in-house SAP resource w ithout rival and, ultimately, a business system beyond their expectations (White, 2004, para.1) or it could also be possible to seek out some other suites or packages sold by SAPs rivals like Microsoft or Oracle. (Greenbaum, 2006, para.5). 1.5. Choosing the best alternative The best solution for ERP induced SAP accounting would be simple and easy to install and operate, amenable for further development and upgrades if and when necessary with the capability of handling the voluminous traffic with relative ease. Through the SAP system, it go out be easy to organize and simplify tracking methods and recording financial transactions. (Abayomi, 2010, para.5).