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Academy
How to select financial management system?
Whether it can meet the requirements of the company's management and operation.
Whether it can offer efficient and effective information of strategic decisions, improve the management of cash flow, logistics and information flow.
Considering the budget of the company and the limit of the rewards (Return Rate of Capital Investment).
The future extension of the company. Whether it can match the systematic environment today and whether it will have barriers.
Whether it complies with GAAP.
Whether it can meet the requirements of local tax and financial administration.
The goodwill of the software solution provider.
Technology and support by the team of consultants.
How to select consultants?
As to communication: Whether the communication is sufficient with the clients' management lever and operation level.
As to experience: Whether the consultants have plenty of experience, mastering the skills of the system.
As to goodwill: The goodwill and competition of the consultative companies in the market.
As to techniques: Whether the consultants have the ability to help the clients to solve problems immediately.
In the aspects of theory: Whether the consultants have related knowledge to put the financial management system into practice successfully.
How to implement the financial management system successfully?
1. Project control, the goal of each project and stage should be set up, especially the control over the process.
2. The policy-making department should take part in the project, which will be valuable to coordinate all the questions raised from the process of implementation, including making new business process.
3. Making full preparation, implementation system is a process of reorganization of business, the users will have time to accept the new system. Psychologically and support the realization of the value of the new system in action.
4. Choose good software and the Consulting Company to avoid the crooked road.
5. As to the selection of the involved staff of the company, the knowledge of the members should touch on the following area: Be familiar with the demand of management, the business procedure, the computer information system and the hardware system.
6. As to the reorganization of the process, the implementation of new system will connected to the change of the original business process. Thus, the management demand should be formulated to all kinds of report forms. The internal control management as well as the business operative process should be made to base on different standard process. And the business information should be standardized to all sorts of information reports and documents. All sorts of information reports and documents. And a systematic and overall foresight should be applied to deal with the problems generated from the practice of the system implementation.
7. The filing system which includes the documentation of the training materials, materials for new business process, the illustration, materials for the data copy, materials for system analyses and outcome of implementation.
8. The analyses and summary of project process, when stage goal can't be realized, we must find out the key reason.
9. The project evaluation work, evaluation should be made after the implementation of the project to make sure whether the original goal has been achieved.

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