Mar 31

Written by: Andy Vitullo
3/31/2008 11:31 AM

As a financial leader in an organization considering a new ERP implementation or upgrade, it is important to clearly define your objectives for you new system or enhanced functionality.  Consideration should be given to the following;

1. How can I optimize my Financial Reporting environment to efficiently produce statements from the organic data in the general ledger?
2. What are the true business drivers of the company that require reporting and analysis?
3. What are the bottlenecks to an efficient seamless general ledger accounting close?
4. Do I deliver timely feedback to the organization in the form management reporting so the business managers can make cogent informed business decisions?
5. Is my finance and accounting organization sized properly for my current business environment and future growth?
6. Is the Internal Control environment stable or in need of enhancement.  How can I leverage this project to comply with Sarbanes-Oxley?

You should define clear objectives as you answer these questions.  Be sure you communicate these objectives to insure your project is appropriately scoped and resourced.  In future blogs, I will dive deeper into these considerations.

Tags: