Question

After reviewing the current computer software platforms and trends, describe how you would apply three external sources for software. Pick one of those sources to apply to a position in Accounting or Collections. What benefits would your work or professional environment gain from this external source? What potential drawbacks can you see if this external resource was implemented?

Answer 1

Answer)

1)Here,I would rent an Software from cloud where there is a work common work for most of organization and I have short term use of it.

2)I would lease a software where there is common work for long term period.

3)I would custom built it when I think I need something more than an ordinary software.

Here for accounting and collections I would rather use custom built software.

Advantages:

1)These have very less restrictions for no. of users access.

2)These can be made as per my credit policies and my accounting policies I follow.

3)I can reduce the unwanted list so that I can make more iser friendly.

4)Provides better security and ownership control.

Drawbacks:

1)It is expensive compared to other sources.

2)Lacks updates and manual updates are needed to be made when accounting policies or law complaince change.