However, formulating and executing implementation strategies for accounting software are important in maximizing the accounting efficiency of an SME.
Problem to be Solved and Worth - In this highly developed economy, there is an influx of accounting software packages tailored to the needs of various customers. This wide array of choices leads to the dilemma of picking out the 'right' software system for small to medium business operations which in turn, brings the more difficult issue of crafting implementation strategies for the accounting software. This problem requires intensive research as it provides better understanding of the relationship between accounting efficiency and strategies of software implementation.
Idea for Action and Data Outline - First, the researcher will conduct interviews with 10 to 15 SMEs to gather the required data for the study. The interview is expected to generate a list of implementation strategies employed by these companies. Then, the effectiveness of strategies will be evaluated and compared by measuring the SMEs' accounting efficiency based on the data gathered in the interview. For that purpose, the researcher will devise a measuring system with the help of secondary data gathered in the review of literature. ...
The result of analysis will be utilized in the final report to recommend implementation strategies which should be executed and should be eliminated in the accounting processes of the SMEs.
Context: Setting, Background and Scope
The proposed project will be based in the analysis of the accounting efficiency of SMEs contacted for the research. SMEs to be interviewed will come from various industries in the economy. Although time constraints will not allow contacting a large number of SMEs for the research to come up with a more statistically accurate result, the project will be able to identify the most general trends in accounting software strategies. These trends will be processed and analyzed as factors influencing the accounting performance of SMEs, i.e. by looking on their effectiveness. The measuring system developed in this project will particularly reveal the differences in accounting efficiency as a result of the execution of different implementation strategies.
Project Strategic IT Value and Intention
The result of the proposed research will be presented in the form of a report which analyzes the software strategies employed by SMEs including the recommendations developed during the research. This set of recommendations will be a useful contribution to the general theory of software implementation strategies as it will aid SMEs to develop strategic approaches in choosing suitable accounting software and devising implementation strategies to enhance accounting efficiency. It can be noted that theoretical frameworks have been mainly concentrating in the general benefits of strategic approach to software implementation. For example, Jones (2005) advises small
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Project subject area and Angle description - Small to medium enterprises are major components of developed economies as they constitute 99% of the total number of business operations in these countries. Taking this into consideration, intensive research on the factors affecting their performance is extremely crucial.
characteristics of the business organization, its management, its relationships with other entities and other contextual variables that lead or contribute to the business becoming successful. Furthermore, the focus is on a particular type of business and on those belonging to a particular country.
The proposed project will bring better insight into what software implementation strategies are bets used with SMEs when implementing accounting software packages. Choosing the right accounting software is perceived as one of the most challenging tasks an entrepreneur faces in his professional career (Johnston 2003).
It will try to compare different strategies used with SMEs through assessing their accounting performance. Choosing the right accounting software is perceived as one of the most challenging tasks an entrepreneur faces in his professional career (Johnston 2003).
But times have changed with the globalisation regime multinational enterprises have made a distinctive mark on the local markets as well. While on the one hand this affected the economic factors of the region or country, on the other the SMEs started realising the need for pressing changes in the management of different aspects of the enterprise.
This project will examine the deficiencies of the current cash-based, line accounting systems predominantly employed by SMEs, and argue for the transition to the Oracle accrual-based software accounting systems. While the transition requires careful organisational planning and employee training in the use of the new accounting system, doing so will definitely enhance organisational performance and aid in the articulation and attainment of strategic goals.
Given the space that SMEs occupying within developed economies and their importance therein studying the methods by which these enterprises can utilise IT tools to maximise organisational efficiency and effectiveness, and enhance organisational performance, is extremely crucial.
However, globalization also raises the risk of marginalization of countries, in particular the poorest countries, and the most vulnerable groups everywhere"2
"Several CEI countries, which are moving towards a free market economy, fear, that the globalization process of the world economy and markets might affect an economic texture that is still unprepared from a technical, financial, organizational and social point of view.
Recent accounting scandals in Enron and WorldCom, for instances, have demonstrated just how a company's book is incomplete, unreliable and subject to data manipulation. The pressure on boards to prevent such abuse has grown intense. Directors should not only check out thoroughly into financial and operational performance but also examine how the numbers are generated.
While the transition requires careful organisational planning and employee training in the use of the new accounting system, doing so will definitely enhance organisational performance and aid in the articulation and attainment of strategic goals.