On the design, Software Selection and cost-benefit analysis of the IT architecture for financial consolidation in the manufacturing industries
Date Issued
2014
Date
2014
Author(s)
Chih-Jen, Shih
Abstract
Taiwan’s economy is export-oriented and many manufacturing companies work very hard and eventually become global companies. Their company organizations become more and more complex and each of them has different IT architectures. Even though the financial consolidation process is very critical, many of these companies prepare the financial reports by manually processing Excel spreadsheets, or asking their accounting firm to prepare for them. As such, these companies cannot timely manage their financial indices and there is much room for improving their business processes.
In the past few years, Taiwan government pushed companies to apply IFRSs accounting principles. During this transformation period, many companies considered to improve their financial consolidation process by changing their current IT architecture. One of the main reasons is that financial consolidation report becomes the most important management report. So, many companies wish to implement a financial consolidation report system. Given that there are a few choices offered by different IT vendors and every company has each own IT architecture. If a company wishes to implement a financial consolidation report system, what factors should they consider and what benefits can they get?
This thesis uses two real case studies (company A and company B) in which they actually implement financial consolidation report system in the past years, to study and discuss their consideration and the benefits obtain. This two companies are both global companies and each of them has more than 20 entities. They have different business architecture and IT architecture, that cause them to have different considerations about how they would change their IT architecture and what benefits they would wish to receive. This thesis goes through their decision processes, generalizes the factors that should be considered by others that are interested in this area.
Under comprehensive consideration, companies should think of what are the most difficult barriers when they wish to prepare a financial report in their current IT environment. Among the choices they have, what will be changed if the system has been implemented and what are the benefits. If the company has enough resources to choose the better solution, why not invest in this solution to enjoy the benefits and make the financial consolidation process more efficient. Then, the companies can timely manage their financial index to support making their business decisions and action plans.
Subjects
合併報表系統
資訊架構
系統導入效益
軟體選擇
ERP
IFRS IT
Type
thesis
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