Question

There are several ways companies acquire software. Identify what is the most critical software that your company needs / has (i.e. if you think of Uber it is their mobile phone app; if you think of a university it would be their student management system). Consider all feasible acquisition (Economic, Operational, Technical, Schedule and Legal) methods in light of your business requirements and determine which method is the most suitable for your organisation.

Answer 1

my company is a small company which is catering to a small group of consumer in the small society but it is expanding on a large scale and there is an improved and enhance need for accounting so I think my company would be better to switch from tally to ERP software.

Enterprise resource planning is a better way of management of accounting of the company in order to enhance the accounting needs and record transactions effectively to cater to wide group of user friendly customers.

Enterprise resource planning software is easy to use method and it also offers with the economy of scale as well as a wide reach to a large number of consumers.

economic method is the best suitable method for a small company because economic method is highly Effective in cost saving.