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Wolf Peak

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Submitted By GOsihing
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1) What problems occurred when Wolf Peak upgraded from QuickBooks to a new accounting software package? How could these problems have been avoided?
These problems could have been avoided if when they made the initial decision for replacement of QuickBooks, they had sought the advised of a finance person before the change was made. Traditional quick books was user friendly for the staff, however, the newly implemented accounting system was more sophisticated and complicated accounting system than what everyone was used to. Employees were unable to extract financial or operational data needed to make critical business decisions. As a result of this upgrade, Wolf Peak International experienced several problems stemming from the implementation of this software; some of them are listed below: Very complicated and hard to learn, not user friendly.
Time consuming and sophisticated.
Very expensive
I think the first step in avoiding these problems, is before deciding to choose the software first being sure about the accounting needs of the organization from detail discussions and expert advice. It’s very important to know your needs and requirements in order to choose the best product, so they should have understand the functionality of the software first and made it clear to everybody using it, so that problems in execution wouldn’t appear. They could have developed the time frame with clear chain and pattern of doing things so that it wouldn’t have taken much time for execution.
2) Why did SAP’s Business One prove to be a better choice for wolf Peak’s management that the new accounting software? Give several examples to illustrate your answer.
SAP Business One is an integrated business management software package designed specifically for Small to midsize enterprise like wolf peak, they were able to offer wolf peak a better software application that automates critical operations including sales, finance, purchasing, inventory, and manufacturing and delivers and accurate, up-to-the minute view of the business. Its benefits far outweighed the initial costs and time of the original accounting software that was purchased to replace QuickBooks, in addition it promises a rapid return on investment, and its simplicity means user have a consistent, intuitive environment that they can learn quickly and use effectively.
With Business One, they are able to perform task that the previous accounting package could not. Wolf Peak’s management team has also begun utilizing the customer relationship management (CRM) functionality within Business One to assist with its Collection of receivables.
3) Should most SME’s use an integrated business software suite like SAP Business One instead of specialized accounting and other business software packages? Why or why not?
Different businesses have different patterns to function and have several process of doing things. So the effectiveness of any suit is going to be determined by its ability to make the function more systematic and efficient. Business one software package includes a seamlessly integrated reporting and financial analysis tool called XL Reporter that works with Microsoft Excel to provide instant access to financial and operational data. It reports on live data drawn from a variety of sources including general ledger, receivables, payables, sales, purchasing, and inventory software. Business One is very easy to operate. Even individuals who aren’t serious programmers can go in and create the documents they need within the limits of their authorizations. Program like XL Reporters allow user to build custom reports, present regular updates, and then work with those reports within Microsoft Excel. That might be very valuable to most firms. However, SAP Business proved to be the best option for Wolf Peak international but I don’t think it will be appropriate to every SME’s since different organizations have different ways of doing things.

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