It has the ability to automatically and simultaneously post all sub-ledger items in the appropriate general accounts, simultaneously update general ledger and cost accounting areas, and evaluate and report on current accounting data in real time. Grace also liked SAP’s centralized approach to general ledger, up-to date references for the rendering of accounts across all of its divisions. 3. What obstacles did SAP and Grace face in their attempts to consolidate Grace’s ledgers? SAP and Grace split the project into two main components: General Ledger Data Migration, and Business Process Testing.
General Ledger data migration involved acquiring all of the relevant data from Grace’s three separate ledgers, combining it and eliminating redundancies, and supplying it to the SAP General Ledger. Business Process Testing tests the system to ensure that the system would work as planned. After the data migration was completed, Grace still had to decommission its old ledgers. 4. How successful was the general ledger migration? What are some of the risks of adopting a single general ledger system from a single vendor to run a global business? a) 1.
All of the WR Grace shares a common accounting infrastructure 2. Management can quickly develop an overall picture of the company’s financial status 3. The company’s financial status, and most of the ledger can be accessed or updated in real time. 4. Devote less energy on managing its ledgers and more on running business. 5. Grace’s accountants and financial planners will be more efficient. 6. IT costs decrease. 7. Fewer errors b) If there is a problem in the system, it’s more difficult to fix or recover the damaged for a global business than a single vendor.
The Dissertation on Business Intelligence in a Corporate Environment
The purpose of this literature review is to provide an overall perspective to the workings of business intelligence in a corporate environment. With the onset of massive technological gains in the past decade the implementation of business intelligence has grown accordingly. In the workplace the demand for business process improvement, responsive reporting, cutting edge forecasting, and internal ...
