Upgrading of the Finance system. How will this impact the organisation?…
Upgrading of the Finance system. How will this impact the organisation?
Increased business benefits
AP staff will be more productive and efficient
Accurate finances due to increased efficiency for invoice posting
Better reporting and visibility
Other departments will have less strained relationships with external suppliers
Better work/life balance
Supports wellbeing strategy
External consultant needed for training and set up
Efficient system should require less staff
Accurate current financials on the system should avoid legal costs
Will lack of knowledge on new system cause problems?
Staff could resist the change as they know the current system
Training is important, needs to be engaging and thorough
Could lead to delays and financial problems if not managed properly
How will this impact our relationship with external suppliers?
Once set up efficiency should create easier payments and strengthen relationshiops
During the system switch over there could be delays in getting invoices on the system
Will require good communication with suppliers prior to and during the change