7 pages | Business & Finance homework help
The project provides a number of tangible and intangible benefits. In terms of tangible benefits, the new accounting system will increase the accuracy and efficiency of data entry which will save time and allow Bell Mountain to make better decisions faster. Additionally, it should also improve record-keeping capabilities while reducing manual errors; this can lead to greater accuracy in financial reports which is essential for a business’s success.
In terms of intangible benefits, implementing the new system should help foster better relationships between employees as everyone will be able to work together more effectively using the same platform. Furthermore it may also facilitate smoother operations by providing an integrated view across different departments; this can help employees identify potential issues before they become major problems and take corrective action when necessary.
Overall the project should provide numerous advantages that will benefit Bell Mountain both now and in the future