Accounting Study Assignment online review overview: Accounting Information system of CRM & ERP solutions

Question???

Accounting Information system for CRM & ERP Solutions??

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Introduction

            The following paper includes the discussion about the comparison of two ERP and CRM solution providing products to medium and small enterprise organizations. The following paper includes the comparison of MYOB account right premier electronic accounting system that is widely used by the small enterprises with SAP. Both the products are different in terms of their prices, features, levels they are used, usability and scalability and so on.

MYOB Account Right Premier

            MYOB Account Right Premier is accounting software which is a smart choice for the businesses that desire more powerful features in their accounting software. This is the software which helps the organizations in invoicing, time and inventory billing in multiple currencies, multiple user accesses and so on. With the growing businesses of the small and medium sized enterprises the requirement for the multiple users increases and this is the software which provides multiple accesses to the users from different locations. The software is also helpful for organizations doing international business, due to their need for the multiple currency accounting. This also aids in simplifying the import and export processes. The software also aids the businesses in analyzing and tracking the realized and unrealized gains and losses on the exchange rate changes. The software is also helpful in managing the employee’s payrolls. The software is capable of managing and generating the reports related to payroll easier and helps in making the withholdings, leave deductions, making allowances and bonuses. The pays can easily be double checked and can be processed on a weekly, fortnightly and monthly basis. The software also helps the organization to track the activities performed and to be performed and the expenses that has been incurred and to be incurred (MYOB Account Right Premier 2012).

SAP

            It is a multinational software corporation that deals in making enterprise software’s that aids businesses in maintaining business operations in an easy and convenient manner and manage customer’s relationship. The company provides several enterprise resources planning software’s which are highly useful for the medium and small scale enterprises; the company also provides its services to large organizations. SAP is among the largest software companies in the world. The company provides the service oriented architecture and moves its ERP towards the software and web based services and business activities. This creates increased adaptability for the organizations, flexibility in operations, openness and adaptability in the activities of the organization.

Comparison of both the products

            The SAP business one is software that integrates all the core business functionalities of the companies; this mainly includes the financials, customers, sales, inventory, relationship management and operations etc. this is the only software that helps the organizations not to install multiple modules for complex integrations.

            The MYOB Account Right Premier is the one that aids the organizations to easily manage the GST, invoicing and expenses, and also manage the payroll management of the company; this is highly effective for small and medium enterprises with limited or small number of staff (MYOB Account Right Premier 2012).

Price:

The price of SAP business one varies from client to client and the specifications required by them and the scale of the business operations of the company. The distribution system adopted by the company is proprietary system. The company also provides free trial to its customers, which helps the companies to decide which feature they will be requiring and the extent of service they will hire and based on these specifications the price for each customer is decided (SAP BUSINESS ONE 2012).

The price of MYOB Account Right Premier is around $1849 and this includes all the features for the small and medium scale enterprises. This is also adopts the proprietary distribution system and also provides free trial to the companies in order to analyze the capability of the software and the usability for the companies (MYOB Account Right Premier 2012).

Platform:

The SAP business one uses the windows platform and cannot be used in the MAC but the MYOB Account Right Premier can be used in both the platform, i.e. Mac and windows (SAP BUSINESS ONE 2012).

Intended users:

The intended users for Sap are mainly the mid market business and small business enterprises, this provides several features for these enterprises to manage their work in an easy and efficient manner. MYOB Account Right Premier is mainly used by the small business as this provides easy accounting platform to the companies which have lower level of employees and most of the work can be managed by small number of staff (MYOB Account Right Premier 2012).

Features:    

            There are several differentials in the features of both the products. The main differences include in the services like the accounts payable which is done in MYOB Account Right Premier while cannot be managed by the SAP business one. Both the software includes the accounts receivable management. The SAP software is capable of handling the analytics, audit trial, automated transactions which cannot be managed by the MYOB Account Right Premier. Both the software includes the management of budgeting as this is the main factor that will be required for the small businesses. The business intelligence and the calendar management is provided by the Sap software’s and this are the features that lags in the MYOB Account Right Premier software, and makes it ineffective for the medium sized businesses (SAP BUSINESS ONE 2012).

            There are several other features that are not included in MYOB Account Right Premier but are present in Sap software’s.

Ease of usability:

            Both the software requires technical knowledge for using them, but Sap is more complicated and difficult to be used by a lay man as compared to MYOB Account Right Premier. MYOB Account Right Premier is simpler to be used and can easily be handled by the small business and can easily to use in day to day activities. For the management of SAP proper training is required, as there are several features that are complicated and can only be used with proper training line the ERP, inventory management (SAP BUSINESS ONE 2012).

Features those are available in SAP and not in MYOB Account Right Premier

            There are several features that are available in SAP but are not present in MYOB Account Right Premier, which makes them more usable by the small enterprises and can be benefitted by them. Mainly the features that are provided by Sap are highly useful for eh medium scale and the small scale enterprises. The small businesses can be benefitted by the extra features that are available in the non MYOB Account Right Premier products. This feature mainly includes the Ecommerce facility, ERP (enterprise resource planning), human resource management, inventory management, manufacturing management, point of sale and the mobile applications. There are several other features like the business intelligence and the calendar management which is provided by this non MYOB Account Right Premier product. All these features are advantageous for the small business and will help them to grow in a systematic fashion. The non MYOB Account Right Premier product like SAP also provides the warehouse management which helps the companies or enterprises to manage their ware house and inventory in systematic manner and thus are more beneficial as compared to MYOB Account Right Premier.

Selected product fits in AIS cycle:

            The selected product Sap as compared to MYOB Account Right Premier is highly fitted in the AIS cycle as this provides several features that helps in mobilizing the resources and aids the small and medium organizations to support their day to day business activities. This products helps the organizations to enter all the data at any point of time during the accounting period and thus manages all the activities in a systematic manner (SAP BUSINESS ONE 2012).

Conclusion

            From the above analysis of both the products it can be concluded that the SAP is more effective tool as compared to MYOB Account Right Premier, for the small and medium enterprises. The product provides several features that aid the organizations in effectively handling the tasks and operations of the business in an easy and systematic manner which cannot be managed by MYOB Account Right Premier. Though MYOB Account Right Premier is cheaper software than the SAP but it has several factors that are present in SAP. The MYOB Account Right Premier is only useful for smaller business and not for the med sized businesses.

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