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

Managerial Decision Making - Assignment Example The problems arose due 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 sought on spreadsheets and accounting statements that exasperated the problem beyond the scope of any possible solution. Use of manual and computer software that were not suited to handle such voluminous data often led to IT disruptions that could not be readily solved. It would become necessary to seek professional help of people â€Å"with recourse 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, state-of-the-art technology that could create â€Å"Automate receivables, invoicing, and cash reconciliation processes to shorten order-to-cash cycles.† (Grow your company and get out of noman’s 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 processing of  business 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 conformity 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 define 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 â€Å"an in-house SAP resource without rival and, ultimately, a business system beyond their expectations† (White, 2004, para.1) or it could also be possible to seek out other suites or packages sold by SAP’s rivals like â€Å"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. â€Å"Through the SAP system, it will be easy to organize and simplify tracking methods and recording financial transactions.† (Abayomi, 2010, para.5).